Skoda Finance Options
We offer interactive Finance facilities on our website to help you choose and purchase your next used vehicle. Did you know you could:
- Find your next vehicle based on your Monthly Budget with our Used Search Facility (opposite – simply choose your budget and click search).
- Tailor your finance example to suit your needs, by amending the deposit and annual mileage you can see the immediate effect this will have on the monthly payments.
- Watch the Videos below to get a clear and simple understanding of the different types of finance products we have available.
- Apply for finance online – when you have found the used car of your choice click to use our simple online car finance checker.
The Heritage Automotive finance team can offer the following:
Hire Purchase
At ŠKODA, we’re always trying to make your life that little bit easier for you, and our hire purchase can do just that. Simply pay a 10% deposit, spread your monthly payments over 1 to 5 years and once they’re completed, the ŠKODA car is all yours.
Lease Purchase
Lease purchase lets you lower your monthly payments, compared to hire purchase, by deferring a proportion of the vehicle cost to the end of the agreement. Lease purchase is great for small businesses that want to keep control of their cash flow to be able to change vehicles sooner.
Contract Hire
If you run a small business and want to run a ŠKODA without worrying about its future value or the hassle of eventually selling it, a contract hire agreement could be for you.
We’ll agree a plan of fixed monthly rentals lasting for one year to four years. At the end of the contract you simply hand the car back, subject to mileage and vehicle condition, and start a new agreement on a brand new ŠKODA.
You can budget ahead by adding servicing, maintenance and tyre costs to your agreement. It may even be possible for your business to recover the VAT on these elements.
Solutions - Personal contract plans designed around you
Solutions is a flexible personal contract plan (PCP), which could help to give you more car for your money.
Whether you want to drive the latest model or change your car to suit your circumstances, ŠKODA Finance can help. Solutions puts you in the driving seat. You can pay a smaller deposit (as little as one repayment) and defer a proportion of the cars value until the end of the agreement helping you lower your repayments when compared to hire purchase.
Designed around both you and your budget, solutions works to your preferred repayments over your agreed term, anything from eighteen months to three and half years.
Finance Lease
Finance lease is a hire agreement with features specifically designed for the business user, and if you are VAT registered there may be even more financial reasons why leasing is for you.
Once you have chosen a new car you can decide on a period between one year and four years. When the agreement ends, and subject to the terms and conditions of the agreement being met, you may arrange to sell the vehicle to a third party on ŠKODA Finance's behalf and may receive a rebate on the rentals.
As this is a lease, it is regarded differently to 'purchase contracts' for tax purposes, enabling you to benefit from certain tax advantages. A proportion of all the rentals can be claimed as business expense against taxable profits and the proportion is dependant on the price of the car being leased.
As in such cases, you should ask your own financial or tax advisor whether this applies.
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