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Yes, the Škoda Karoq, Kamiq and a range of other Škoda models are available on Personal Contract Hire (PCH), subject to availability and finance approval.
If you go over the agreed mileage on a Škoda Personal Contract Hire (PCH) agreement, an excess mileage charge will be applied. The exact cost per mile is clearly stated in your lease agreement, so you’ll always know where you stand.
No, maintenance is not included as standard with a Škoda Personal Contract Hire (PCH) agreement. However, you can choose to add an optional maintenance package for an additional monthly cost, which can cover servicing, tyres, and routine wear-and-tear items.
Yes, most Škoda Personal Contract Hire (PCH) agreements require an initial rental, usually equivalent to a set number of monthly payments. The exact amount depends on the model you choose and the terms of your lease agreement.
Yes, at the end of your Skoda Personal Contract Hire (PCH) agreement, you simply return the car and have the option to start a new lease on another Skoda model.
Yes, Personal Contract Purchase (PCP) finance is available on both new and Approved Used Skoda models, subject to finance approval and the vehicle’s age.
The balloon payment, also known as the Guaranteed Minimum Future Value (GMFV), is determined by Skoda Finance. It’s based on several factors, including the model, contract length, agreed mileage, and the car’s predicted value at the end of the PCP agreement.
Yes, you can request a settlement figure on your Skoda finance agreement at any time. Settling early may reduce the total amount of interest you pay over the duration of the contract.
If your Skoda's market value is higher than the Guaranteed Minimum Future Value (GMFV) at the end of your PCP agreement, the difference can be used as equity towards a new Skoda. Alternatively, if you sell the car privately after settling the finance, you can keep any additional value as profit.
No, at the end of your Skoda Personal Contract Purchase (PCP) agreement, you have three options: pay the final balloon payment to own the car outright, return the vehicle with nothing further to pay (subject to mileage and condition), or upgrade to a new Skoda.
Yes, you can add a maintenance package to your Skoda Business Contract Hire (BCH) agreement for an additional monthly cost. This typically covers routine servicing, tyre replacements, and standard repairs, helping your business manage running costs more efficiently.
Monthly rentals on a Skoda Business Contract Hire (BCH) agreement are typically tax-deductible as a business expense. VAT-registered businesses may also be able to reclaim some or all of the VAT, depending on the level of business use.
Yes, Skoda Business Contract Hire (BCH) is available to sole traders, partnerships, and limited companies, subject to finance approval.
No, with a Skoda Business Contract Hire (BCH) agreement, you return the vehicle at the end of the contract. Ownership does not transfer to you, as BCH is a leasing option rather than a purchase agreement.
Yes, you can return the vehicle before the end of your Skoda Business Contract Hire (BCH) agreement, but early termination charges will usually apply. The exact cost will depend on the terms of your contract.
Yes, once you’ve made all the payments on your Skoda Hire Purchase (HP) agreement, including any option-to-purchase fee, the car is yours to keep.
Skoda Hire Purchase (HP) agreements typically run between 2 and 5 years, depending on the finance terms you choose and what best suits your budget.
Yes, most Skoda Hire Purchase (HP) agreements require an upfront deposit. Paying a larger deposit will typically lower your monthly payments and make the overall finance agreement more affordable.
Yes, you can request a settlement figure from Skoda Finance at any time during your Hire Purchase (HP) agreement. Settling early may reduce the total amount of interest you pay over the duration of the contract.
Yes, Hire Purchase (HP) finance is available on both new and Approved Used Skoda models, subject to finance approval.
