In conjunction with Volkswagen Financial Services at Car Finance Made Simple, it’s our mission to transform the world of car finance into a jargon-free zone, helping you to get to know your PCH from your PCPs, and offering lots of impartial information designed to make your life just that little bit easier.

CAR FINANCE MADE SIMPLE

ŠKODA Finance

Flexible repayment packages at Allams of Epsom in Epsom, Surrey

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.

FINANCING THAT CELEBRATES DIFFERENCE

ŠKODA drivers are a wide array of individuals living different lifestyles, holding different goals, and situated at different stages in their lives. We don’t believe in the philosophy of one-size-fits-all, because we are all one-of-a-kind.

We are all driven differently and we offer a suite of financing options that celebrate these differences. Watch our short video on why ŠKODA Financial Services is the best option for you.

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.

ŠKODA SOLUTIONS (PCP)

When buying new or Approved Used cars from Allams ŠKODA, our customers are given a number of flexible finance options to choose from. An effective method of payment is the Personal Contract Purchase.

This is similar to a Hire Purchase agreement but allows for a smaller monthly payment for easy budgeting. This is because Personal Contract Purchase payments are related to the depreciation value of the vehicle, rather than the full value of the car.

At the end of the Personal Contract Purchase the motorist has three options: return the car to the finance company, pay the outstanding balance on the value of the car, or upgrade/renew the vehicle using its part exchange value.

Personal Contract Purchase is a simple and effective way to purchase a new car on a regular basis in an affordable manner. It is also possible for the Personal Contract Purchase agreement to be settled early if desired.

The duration of a Personal Contract Purchase agreement is between 18 and 48 months; although 36 months is the favourite choice.

HIRE PURCHASE (HP)

As part of our comprehensive and flexible finance packages at Allams ŠKODA, we offer Hire Purchase facilities for all of our new and used ŠKODA​ vehicles.

The primary benefit of Hire Purchase is that the payments made towards your vehicle are broken down into convenient monthly instalments, allowing you to budget in a more effective manner. Fixed interest rates are applied to the monthly payments, so you never have to deal with any unexpected costs. We will work out a contract with you at the beginning of the process, and the financial costs will remain the same for the duration of the agreement, following an agreed-upon initial deposit.

We also give you flexibility on the duration of the Hire Purchase contract - usually between one and five years. After you have made your final payment with us, the car is yours to own.

PERSONAL CONTRACT HIRE (PCH)

For a cost-effective solution to personal leasing, Personal Contract Hire gives you access to a new or used vehicle over an agreed duration. You also have the option to include vehicle service maintenance and repairs in your monthly instalments. At the end of the agreement, you won’t have the choice to own the vehicle, but you do have the option to choose a new one.

Car Finance. Made Simple.

We’re here to help you navigate through the confusing world of car finance.

Choosing the length of your car finance term

Your finance term is the period over which you’ll spread your repayments, which for most people tends to be between 2 and 4 years, but there are a variety of things to consider when you are choosing the right options for you.

Choosing the length of your finance term

What is Guaranteed Future Value (GFV)?

The Guaranteed Future Value (sometimes known as the Guaranteed Minimum Future Value, optional final payment or balloon payment) is when a finance company guarantees what your car will be worth at the end of your finance term, regardless of its true depreciation.

What is Guaranteed Future Value?

All about equity

If you’re repaying a car finance loan, equity is really important. Just like with a mortgage, it’s the difference in value between how much your car is worth and the amount you still owe. At the start of your plan, the total amount you owe the finance company will include the amount you’re borrowing, the interest on the loan, and any fees due.

Equity explained

Understanding how you renew your finance early

If you’re part way through repaying your car finance plan, you might think that you can’t change your car until your agreement comes to an end. But this isn’t necessarily the case, as most finance agreements can be settled early, giving you the chance to replace your car and renew your finance plan sooner than you perhaps expected.

Early settlement explained

Allam Motor Services Limited is an Appointed Representative of ITC Compliance Limited who are Authorised and Regulated by the Financial Conduct Authority (their registration number is 313486). Permitted activities include advising and arranging general insurance contracts and acting as a credit broker not a lender. We can introduce you to a limited number of finance providers and may receive a commission from them for the introduction.

An introduction to a lender does not amount to independent financial advice and we act as their agent for this introduction. Our approach is to introduce you to Volkswagen Financial Services, who are usually able to offer the best available package for you, taking into account both interest rates and other contributions. Volkswagen Financial Services may pay a fixed commission to us for introducing you to them, calculated by reference to the vehicle model or amount you borrow. Volkswagen Financial Services may also provide preferential rates to us for the funding of our vehicle stock and also provide financial support for our training and marketing. But any such amounts they pay us will not affect the amounts you pay under your finance agreement, all of which are set by the lender concerned. If you ask us what the amount of commission is, we will tell you in good time before the Finance agreement is executed. All finance applications are subject to status, terms and conditions apply, UK residents only, 18’s or over. Guarantees may be required.