With Allams of Epsom, the purchase of a brand-new ŠKODA is now even easier thanks to our flexible finance packages, each of which can be tailored to your circumstances. You’re sure to enjoy the range of benefits that financing provides as a purchasing option, and this approach also makes your money go further.
View the finance options available below. For further information, don’t hesitate to contact our helpful staff online, by phone or in person at our Epsom dealership.
Popular amongst business customers, contract hire is a lease agreement for a defined period of time with a mileage limit set and a fixed cost paid. All these aspects determine the amount you pay, as does the expected depreciation of your ŠKODA. There’s no obligation to own the vehicle outright; you can return it when the agreement ends.
Not dissimilar to taking out a loan from a lender, hire purchase involves taking out a loan that is paid back over a set period of time with interest. Your ŠKODA is secured against the loan to protect the creditor, and additional rights are given with a hire purchase compared to a standard personal loan. Only approved dealers may offer hire purchase agreements.
A lease purchase agreement, specifies the length of the agreement and calculates the estimated future value of your ŠKODA (its residual value), based on depreciation. You will pay the difference between the retail value and the residual value over the set number of months, leaving a balance at the end. You could continue using finance to pay this off, pay it up-front, or part-exchange the vehicle. There are no mileage restrictions and agreements typically last between two and four years. You have three options at the end of the agreement:-
Personal Contract Purchase involves lower monthly payments and a deferred Guaranteed Future Value (GFV) of the vehicle at the contract’s end. The GFV and deposit are subtracted from the retail price of your vehicle, and monthly payments are calculated from the remaining balance plus interest. You only pay off depreciation, covering the difference between the retail price and the GFV. When the contract ends, you have the following options: