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Volkswagen Jargon Buster

We have some great short videos to break down some of the terminology used when you’re considering how to finance your vehicle. But if you still have any further questions feel free to contact your local Sinclair Volkswagen retailer via phone, email, social media, Live chat or just pop in!

Representative APR Explained

APR stands for the Annual Percentage Rate. The Representative APR indicates the annual costs applied to your loan (including not just the rate of interest but also any fees). All lenders have to calculate the APR in the same way, making it a reliable way to compare the costs of different loans.

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APR (Annual Percentage Rate)

APR stands for Annual Percentage Rate and is a way of indicating the amount of interest you will have to pay over a year.

Optional Final Payment Explained

Some finance types give you a future value your car will be worth at the end of your finance agreement, this is called the optional final payment or guaranteed future value and it does just that. By giving you protection that your vehicle will be worth this amount as a minimum at the end of your finance term.

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Finance Equity Explained

Equity is the value of your financial interest in a vehicle, calculated by subtracting the amount of the loan you have yet to pay off from the overall price of your car. If the actual value of your car exceeds the car’s guaranteed minimum future value, the extra money is equity that can be used as a deposit

Early Settlement Explained

Early Settlement is the termination of a finance agreement by paying all monies outstanding before the lease end date. When settling early it is important to note you could be liable for additional interest charges

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Comparing Finance Quotes

Not sure which is the best finance type for you when it comes to buying your next car? Our video will help explain what to look for so you can compare quotes accurately

Lease & Care plan

Currently available for our ID range. Select your chosen ID, choose how long you want it for and how many miles you drive, choose a care package built around you and your driving style.
With no lump sum to pay at the end of your agreement, you’re free to move straight into your next ID. or stay in your ID. for longer, as all options are built around you.

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About Us

Sinclair Group is one of the UKs leading automotive retail groups, delivering exceptional vehicle sales, finance, and aftersales service across Wales and the West of England.

Sinclair Garages Limited is authorised and regulated by the Financial Conduct Authority (ref: 305925). Our other group companies , Sinclair Garages (Bridgend) Limited, Sinclair Garages (Newport) Limited, Sinclair Garages (Cardiff) Limited and Sinclair Garages (Swansea) Limited, are Appointed Representatives of Sinclair Garages Limited. You can check this on the FCA's register by visiting the FCA's website www.fca.org.uk/firms/financial-services-register or by contacting the FCA on 0800 111 6768. Our permitted business is the supply of motor vehicles and associated products and services, including Finance and Insurance. We are a Credit Broker not a Lender. We do not charge for this service but will receive a commission from our finance partners. The nature of the commission is either fixed flat fee or fixed percentage of the balance funded. 

© 2026 Sinclair. All Rights Reserved. Sinclair Group is the brand name for all of our limited companies. Registered in England and Wales. Registered Address: Sinclair Group | Old Field Road | Bocam Park | Pencoed | CF35 5LJ. Registered number: 1192572.

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