It is important that we highlight a few distinctions.
(a) Volkswagen Financial Services Ireland is a wholly owned subsidary of Volkswagen Financial Services AG.
(b) The PCP product, which is a form of Hire Purchase Agreement, is primarily regulated under the Consumer Credit Act 1995.
(c) Dealers are authorised as intermediaries by the Competition and Consumer Protection Commission.
In addition to the regulations referred to above, the rights and protections for consumers in respect of PCP are provided for within other regulations such as general contract and provision of services law, data protection and e-privacy law among others.