Skoda Finance

With Solutions, a Customer can drive away a new Volkswagan at a more affordable monthly cost than they might have thought possible and can help them change their existing vehicle to a new car every two or three years.

• Fixed monthly payments
• Flexible term and deposit
• Available on new and used vehicles (up to 42 months old at start of contract)
• Guaranteed minimum 'future value' of vehicle (final payment) agreed at outset
• Inflation proof payments

Solutions is flexible because it can be tailored to meet the Customers own requirements and circumstances. Deposits can start from as little as the equivalent of one payment in advance.  A choice can be made between either a two or three year contract and variable maximum contract mileages. the key to Solutions is to match the monthly repayment to your motoring budget. This is achieved by setting aside a final payment, which is a proportion of the car's present value at the start date of the contract, which becomes payable at the end of the contract.

The Customer has three options at the end of the contract:

• All or part of the difference, if any, between the final payment value and the 'trade-in value' of the car can be used towards the deposit on the next new car
• The final payment (including the option to purchase fee) can be paid and the customer simply keeps the existing car.
• You the Customer, can decide to hand back the car to any Volkswagan Retailer and providing all the obligations of your agreement have been met, you will have nothing else to pay.

Contract Hire is frequently the first vehicle financing choice for businesses.

• includes Servicing Costs 
• includes Maintenance Costs 
• includes Tyre Replacement (for normal wear only) 
• A Replacement vehicle following an accident or breakdown or during Servicing 

It provides the use of a vehicle at a fixed monthly cost that can even include full servicing/maintenance costs, tyres and road fund licence renewal. This delivers a regular motoring cost for budgeting purposes. Contract Hire also enables a flexible method of off balance sheet funding.

Current UK tax legislation also helps to keep Contract Hire costs lower.Businesses may be able to reclaim up to 50% of the VAT payable on the monthly rentals if for registered business users with a proportion of private mileage useage.

Additionally the full VAT on the service/maintenance element (if taken) may be recoverable in full.

Contract Hire is available on 12 to 48 month terms.The level of the monthly repayments is calculated according to

• The value of the vehicle
• The initial rental
• The length of the rental period (12 to 48 months)
• The agreed annual mileage
• The exact package to suit your needs

After the agreed period you return the vehicle and there is nothing more to pay as long as all payments are met and all the terms and conditions of the contract have been met.

Taxation, legislation and accounting practices are subject to change and current business allowances can be changed at any time. For specific guidance you should contact your own financial advisor in these regards.

Hire Purchase is the traditional way of buying a new car and is one of the simplest methods of finance and still offers flexibility. Firstly the Customer can decide on the amount for the deposit, plus the length of the agrreement that meets their own requirements.

• Ownership of the car
• Fixed monthly payments
• Flexible term and deposit
• Available on new and used vehicles
• Inflation proof payments

This will establsh a payment pattern that suits the individuals need and at the end of the agreement when all payments have been made including the 'option to purchase fee' - the car belongs to the Business or individual Customer.

For the business user only.

• Reduced payments with a final 'balloon' payment  
• Fixed interest rate  
• Rentals not subject to VAT 
• Ownership of the vehicle at end of agreement upon exercising the 'option to purchase' 
• Inflation proof payments

Lease Purchase is a hire purchase agreement but with features specifically designed for the business user market. By balancing the deposit, the agreement length and final payment until the end of the Contract, a Customer has the opportunity to match the monthly payment to the available budget.

The interest element of the monthly payment may be allowable against tax and a Customer may be able to claim writing down allowances.

If the particular business is not VAT registered, then lease purchase can be an attractive option.

This is categorised as a 'Purchase product' and as such under current taxation legislation it is regarded differently to 'leasing or use only contracts' the Customer may benefit from certain tax advantages.

In all such cases, the Customer should ask their financial or tax advisor whether this applies.

GAP covers the difference between the amount paid by your motor insurer and either the outstanding balance of your Finance Agreement or the cash purchase price paid when your vehicle is stolen or written off..

Current statistics indicate the risk of your vehicle being stolen or written off is now greater than ever before. Around 375,000* vehicles are stolen every year, which is equivalent to 1 every 85 seconds.

If this does happen, or your vehicle is written off through an accident, your insurance company will generally offer you a total loss payment based on the market value of your vehicle at that time.

This value could be significantly less than either the cash price of the vehicle or the outstanding balance of an existing finance agreement.

You might not realise just how much a total loss can affect your own finances even with your vehicle being comprehensively insured. Now you can take out GAP Insurance to help protect your investment.

This has been specifically developed for the needs of both private and business users.

Reliability is built into every Volkswagan vehicle, however modern day driving conditions vary greatly and wear and tear must be balanced by regular servicing and maintenance.

Quite simply you choose the plan to meet your needs and those of your budget.

Three different plans have been designed providing excellent coverage with flexible mileages and payment plans that also include flexible start dates. Our plan can be very comprehensive, covering virtually everthing except fule, air, fluid and oil top-ups that may be required between scheduled services during the year.

Three different plans are available covering Service, Maintenance and Tyres in varying patterns and annual mileages.

So whether you do local mileage or longer motorway distances there is a plan suitable for you.

• Key Benefits

• Budget payment plan
• Total care of your vehicle
• Full service history
• Regular safety checks
• No unexpected or 'shock' bills

Our payment protection plans have been developed to protect both the private driver and business user against some of the uncertainties in life, which could threaten their ability to maintain your finance repayments.

Accident, sickness or unemployment may bring enough pressures without the added worry of keeping up the repayments on your car.

There is a choice of three plans and all are suitable for most private customers and self-employed customers who are sole traders or in a partnership. Plans 1 and 2 are available for business users and offer the option of insuring two key company people for each vehicle. 

Whatever your personal circumstances, the planned cost of a suitable payment protection plan will reassure you that your monthly finance repayments will be covered. Whichever vehicle you choose whatever your mileage - there is a plan for you.