VOLKSWAGEN Financial Services has launched a new personal leasing product called New Solutions, available across the Volkswagen Group network.

Dealers in the Audi, Volkswagen, SEAT and SkodaAuto networks will be able to offer the new product - which includes a variety of financial options.

Sales and marketing director David Maloney said: 'It has not been a case of revamping an old product.

'This is a brand new proposition with a keyword of flexibility attached - flexibility in the size of the deposit, for example, in the contract period, in the payment intervals, in the contract mileage.

'Feedback from our discussions with our retailers told us that they felt they needed greater flexibility with any new PCP product.

'As a result of that feedback, we have structured the new product to provide as much flexibility as possible, taking into account all our retailers' concerns.'