Lease to Own Terms & Conditions — Al Nabooda Automobiles Volkswagen

Welcome to the official Terms & Conditions for the Volkswagen Lease to Own program in Dubai, exclusively available through Al Nabooda Automobiles. Please review these details carefully before applying. By signing up for this program, customers acknowledge and agree to the conditions outlined below.

1. Eligibility

• Available to retail and corporate customers in the UAE.
• Subject to Volkswagen’s standard credit and eligibility criteria.

2. Lease Duration

• Lease-to-Own contracts are available for 12 months or 24 months.
• Flexibility is built into the program: while early termination of the lease itself is not permitted, customers have the option of an early buy-out should their needs or plans change.

3. Monthly Inclusions — One Payment, Everything Covered
Your monthly lease payment is all-inclusive, designed to give you complete peace of mind. It covers:

• Comprehensive insurance (standard deductibles apply).
• Manufacturer warranty (valid during the lease period).
• Scheduled maintenance and servicing.
• 24/7 UAE-wide roadside assistance.
• Courtesy vehicle during extended repairs (subject to availability).
• Vehicle registration fees during the lease term.

One payment, zero hassle — everything is taken care of.

4. Vehicle Usage

• Annual mileage allowance: 25,000 km per year — generous enough for daily commuting and weekend trips across the UAE.
• Additional mileage is available at AED 1 per km.
• Customers must use the vehicle in line with UAE traffic laws and Volkswagen’s usage guidelines.

5. Purchase Option at Lease-End

• Customers may choose to purchase the vehicle at the pre-agreed final purchase price, disclosed at the time of signing.
• This ensures transparency and peace of mind — you’ll know your buy-out price from day one, with no surprises at the end.
• To exercise this option, customers must notify Al Nabooda Automobiles in writing at least 45 days before the lease term ends.
• Vehicles are sold “as-is” at the end of the lease, following a standard inspection to ensure eligibility for warranty continuation.

6. Return Option at Lease-End

• Customers may return the vehicle instead of purchasing it.
• The vehicle must be returned in acceptable condition, consistent with normal wear and tear as defined in the Wear & Tear Policy (Annexure A).
• We understand vehicles are driven — our Wear & Tear Policy ensures fairness, with clear standards and examples of what qualifies as “normal use.”
• Additional charges will only apply for excessive damage, incomplete servicing, or missing items (e.g., keys, tools, manuals).

7. Early Buy-Out

• Customers may request an early purchase quote if their needs change.
• Early buy-out value = remaining lease payments + pre-agreed residual value (subject to Al Nabooda Automobiles’ approval).
• This option gives customers control and flexibility, even before the lease ends.

8. Maintenance & Repairs

• All maintenance, servicing, and warranty repairs must be carried out at authorized Volkswagen service centers.
• Customers are responsible for scheduling required servicing on time.

9. Insurance & Accident Policy

• Comprehensive insurance is included in the lease payment.
• Customers must comply with the insurer’s terms regarding accident reporting and claims.
• Any costs not covered by insurance (e.g., deductibles) will be borne by the customer.

10. Ownership Transfer

• If the purchase option is exercised, all fees for ownership transfer (insurance, registration, RTA charges) are the responsibility of the customer.
• Any repairs required to meet RTA or warranty standards before transfer will be quoted separately.

11. Governing Law

• This program is governed by the laws of the United Arab Emirates.

Disclaimer
^{This page provides a summary of the key terms and conditions of the Volkswagen Lease to Own program. Full details, including the Master Lease Agreement, Lease to Own Appendix, and Wear & Tear Policy, will be shared with customers at the time of signing.}