Volkswagen Financial Services (UK) Limited, the wholly-owned subsidiary of Volkswagen AG, is today celebrating a decade of trading in the UK.
Over the past ten years, VWFS (UK) Ltd has funded more than half a million new and used vehicles and now lends over £1.5 billion every year.
Dedicated to supporting more than 750 retailers which represent the Volkswagen Group brands (Audi, Bentley, Lamborghini, SEAT, Škoda, Volkswagen Passenger Cars, and Volkswagen Commercial Vehicles), VWFS (UK) has grown to become the second largest financial services subsidiary within the global Volkswagen Financial Services Group.
Bryan Marcus, Managing Director of VWFS (UK), said: ‘We are proud to have established industry-leading financial products and services to support all the brands, their networks and their customers. Vehicle funding is a complex issue and requires a great deal of professionalism and experience. When customers acquire their vehicles through our financial products, they can buy with confidence, knowing they are using bespoke financial products and services that mirror the brand values of their vehicle.’
Four hundred full-time staff are employed at VWFS (UK)’s headquarters in Milton Keynes to manage over 180,000 live customer accounts and administer the finance agreements for all core products including hire purchase, contract hire and the industry-leading flexible personal contract plan, New Solutions.
As well as the company’s comprehensive range of retail finance products, VWFS (UK) offers insurance products, wholesale funding (for retailer vehicle stocks) and fixed cost maintenance plans.
For further information about VWFS (UK) products and services, contact your local brand showroom.
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