If you wish to trade-in your Volkswagen for a new vehicle, all you need to do is return it to the dealership. If the trade-in value is higher than the Guaranteed Future Value, you can use this equity towards your new vehicle.
If you prefer to retain your Volkswagen, simply let us know. Provided that you also meet the relevant payment obligations under your contract, you can purchase your vehicle outright for the Guaranteed Future Value price locked in at the start of the contract. Then your Volkswagen is yours to keep. Or you can choose to refinance your balloon at the end of the term.
All you need to do is hand your car back and, if the vehicle meets the agreed kilometre and fair wear and tear requirements, you will have no more to pay.