Finance

Private User, which will suit you best?

When you’re looking at getting a new Skoda please don’t overlook our range of finance options which can help you run a higher specification model than you previously thought possible.

Solutions (Personal Contract Plan)

Solutions helps you drive the Škoda you really want maybe at a monthly cost less than you think! You can choose an agreement lasting between one and a half and three and a half years. You can also hold back some of the cost of the car until the end of the contract, when you can choose one of these options:

• Part exchange your car for a new Škoda

• Make all the payments and keep your car

• Return your car to your Skoda retailer

Hire Purchase

This is a simple and straightforward way to pay for your car. You arrange to make payments for one to five years and then, once you've made them all, you own the car. Told you it was simple.

In business, which will suit you best?

Every business is different and dependant upon the individual circumstances we have a range of finance plans some of which are more suitable to business use compared to those used by a private individual customer.

So it's important to choose the right option for acquiring your car or fleet. Otherwise you could find it seriously affecting your bottom line. To get an idea of our additional business alternatives please read on.

Contract Hire

This could be right for your business if you'd prefer to hire rather than own cars. It's simply an agreement where a rental is paid in return for the vehicle over one, two, three or four years. This means you don’t have the hassle of selling the car later on, or the worry about how much it'll be worth.

It could be better still if your business is VAT-registered, as a proportion of the rentals may be tax-deductible (putting a smile on the face of anyone in charge of business finance). There may be other tax advantages too, as contact hire is looked upon as an operating lease for current tax purposes, unlike a 'purchase' contract.

Finance Lease

Finance lease is a hire agreement which is specifically designed for businesses and it could be especially good if you're VAT-registered.

You choose a hire agreement of between one and four years. When this ends, subject to meeting the terms of course, you can sell the vehicle on to a third party on Škoda Finance's behalf and you may get a rebate on the rentals.

Being a lease, this is looked upon as different to a 'purchase contract' and could be better for you tax-wise. You can claim a proportion of all rentals as a business expense against taxable profits, the size of which depends on the price of the car you lease. Ask your financial or tax advisor to see if it applies to your business.

Lease Purchase

This is a cost-effective way for your business to own the car. The agreement can last from one to four years and lets you hold back part of the cost of the vehicle until the end. Then you could own it outright.

Lease Purchase could be an even better option if your business isn't VAT-registered.