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.
What is contract hire?
Contract Hire is a rental agreement that allows you to drive a ŠKODA without needing to own it.
It’s great if you simply want to pay a monthly rental for the vehicle, with an option to change it on a regular fixed period without the worry of ownership. To make budgeting easier, you can even build a service, maintenance and tyres plan into your monthly payments.
Once you have chosen your ŠKODA and decided on your initial rental, you need to make three decisions that will affect the monthly rental payments:
Your rental period
Choose between 12 and 48 months.
Mileage per year
Choose how many miles you expect to drive each year (fees may apply if you exceed this).
Total cover
Choose whether to include a service, maintenance and tyres plan in your agreement.
Once you’ve paid all outstanding rentals, you simply hand your ŠKODA back, subject to fair wear and tear and excess mileage charges and ensure that all repairs meet SKODA standards.
Remember that you need to keep up monthly repayments, and that you are hiring this vehicle, so at the end of the agreement you can hand it back, without having to ever own it.