VW Finance payment holiday

ray200350

whoopee. VW Finance have accepted me as part of their payment deferral scheme. I have the offer of a 3 month repayment holiday and they have issued a new agreement increasing the APR on my original agreement which takes my current monthly payment of just under £600 to just over £720 a month for the remaining 22 months of my original agreement. Thank you VW. 

[Deleted User]

Most of the £120 pcm charge will be the result of having to increase the monthly payments to cover the £1,800 you are not paying over the next three months. There is no such thing as a free lunch.

bradders1983

No lender made a secret that payments after payment holidays would have to go up to cover the extra interest. 

diggingdude

disgrace....take them to court for compo

Thrugelmir

Don't take the holiday if have no need. 
Next time choose a cheaper car.