Press Release

Starting up in the electric age: Volkswagen Financial Services offer "Lease&Care" package solution for the ID.3

  • Legenbauer: "80 percent of the vehicles are leased or financed."
  • Full-service packages provide flexibility, cost transparency and convenience
  • Plus: 25 percent discount for third-party and comprehensive insurance



Braunschweig, 20 July 2020. Volkswagen Financial Services are supporting the Volkswagen Group's electromobility offensive and the advance sales of the ID.3 with their "Lease&Care" package solution. This flexible offer enables customers to choose from various modular service options and thus maintain full cost transparency when operating their new electric vehicle. "We are deliberately focusing on the advantages of leasing for electric mobility. With leasing, our customers do not have to worry about the subsequent marketing or value of their vehicle after the contract period. The only thing that counts is use. We take care of everything else," says Jens Legenbauer, Chairman of the Management Board of Volkswagen Leasing GmbH. He adds: "We assume that around 80 percent of Volkswagen Group electric vehicles are leased or financed through us."

The Lease&Care packages are available for both private customers and small businesses in the familiar clothing sizes S, M and L. In addition to the pure leasing rate, Package S for private customers already includes the costs for routine maintenance and inspections at the usual intervals. Package M also covers the costs for replacing essential wear parts such as wiper blades or brake pads. Package L has the additional benefit of providing a complete set of winter wheels and tires.

The Lease&Care packages for private customers at a glance:

       
Package S Maintance & inspections1 - -
Package M Maintance & inspections1 Essential wear-and-tear repairs2 -
Package L Maintance & inspections1 Essential wear-and-tear repairs2 Winter wheel and tire sets3

The car insurance company Volkswagen Autoversicherung is offering a very special advantage for customers. It is granting a special discount of 25 percent on third-party liability and comprehensive cover for the ID.3. Moreover, the insurance provided is specifically tailored to e-vehicles. It includes features like all-risks coverage for the battery as well as protection against theft of the charging cable during the charging process or protection against damage to electrical components as a result of overvoltage.

An ID.3 can be leased under the following terms4:

   
Model ID.3 Pro Performance5
Net loan amount (acquisition price) EUR 27,515,00  
Initial down payment EUR 6,000,00  
Borrowing rate (bound) p.a. 2.99 %
Effective annual percentage rate 2.99 %
Term 48 months
Annual mileage 10.000 km
Total amount
EUR 19,931,04  
monthly leasing installments EUR 270,00  
monthly installments Package S EUR 20,23  
total monthly installments EUR 290,23  

When leasing, customers only pay for their use of the vehicle with their monthly leasing installment. Together with the dealer, they determine the contract's term and an agreed mileage at the start of the contract. At the end of the term, they return the vehicle and do not have to worry about putting it back on the market. A particularly high level of transparency is ensured by a damage catalog, which specifies from the outset what damage and signs of wear and tear are and are not acceptable when the vehicle is returned.

Further information can be found at www.vwfs.com or www.volkswagen.de.

1 An offer from Volkswagen Leasing GmbH for private customers as part of the Maintenance & Inspection service. The monthly contribution covers the costs for extensive maintenance and inspection work according to manufacturer specifications, including wages and materials.
2 An offer from Volkswagen Leasing GmbH for private customers as part of the WartungPlus (MaintenancePlus) service. The monthly contribution covers the costs for extensive maintenance and inspection work according to manufacturer specifications as well as the costs for essential wear-and-tear repairs, including wages and materials.
3 An offer from Volkswagen Leasing GmbH for private customers within the framework of the ReifenPremium Winter (TirePremium Winter) service, according to quantity required.
4 An offer from Volkswagen Leasing GmbH, Gifhorner Straße 57, 38112 Braunschweig, Germany. Includes transfer costs. Subject to creditworthiness. A right of withdrawal exists for customers.
5 Electricity consumption in kWh/100 km: 14.5 (combined); CO2 emissions in g/km: 0; efficiency class: A+



Information for editors:

Volkswagen Financial Services are a business division of the Volkswagen AG group of companies and comprise Volkswagen Financial Services AG along with its associated companies, Volkswagen Bank GmbH, Porsche Financial Services, and the financial services companies in the USA and Canada that belong directly or indirectly to Volkswagen AG – with the exception of the financial services of the Scania brand and Porsche Holding Salzburg. The key business fields embrace dealer and customer financing, leasing, the bank and insurance business, fleet management and mobility offers. Volkswagen Financial Services have a total of 16,571 employees worldwide – including 7,414 alone in Germany. Volkswagen Financial Services report total assets of around EUR 223.5 billion, an operating result of EUR 2.96 billion and a portfolio of around 21.5 million current contracts (as at: 31.12.2019).

Contact for press inquiries:


Malte Krause (Press Officer)
Tel.: +49 (0)531 / 212-5574
E-mail: malte.krause@vwfs.com
www.vwfs.com