Motor finance can be confusing so let us help demystify the subject! Watch our videos and gain an understanding of the different types of car finance available, as well as the benefits of using specialist motor finance to fund your next car purchase.
There are many reasons to use JCB EuroŠKODA to fund your next vehicle purchase. This video will tell you why, in plain English.
A Personal Contract Purchase is the most common way of purchasing a new car in the UK but is increasing in popularity for buying a used car. The benefits include;
Hire Purchase is the traditional way of funding a vehicle purchase. There are several benefits to using secured finance to pay for your new car rather than using an unsecured personal loan, your savings or your mortgage.
Personal Contract Hire or PCH is a way of leasing a vehicle without having to own it. At the end of the agreement you can hand back the car or van, *as long as you have serviced and maintained it in line with your agreement. The main things to consider are:
We also do Contract Hire for personal or business use. For peace of mind motoring - ask in the showroom for the finance option that suits you.
Apply for finance online, have the quote emailed to you or just pick up the phone to book a test drive or have a chat.
Lease&Care is a simple rental/hiring agreement from ŠKODA. It includes a level of servicing and additional benefits, such as 'Driverline', in the monthly payment. It was designed specifically to support the roll out of electric vehicles, as some potential customers are nervous of purchasing and owning a new electric vehicle. With Lease&Care, the customer uses the vehicle for an agreed term and mileage before returning it to VWFS (Volkswagen Financial Services - who manage all ŠKODA financing). Customers can choose the level of care package they wish to attach to the agreement - small, medium or large. You are then required to pay an advance rental plus VAT, and then monthly rentals plus VAT for the duration of the contract. The vehicle is then returned at the end of the agreement, subject to its terms and conditions, back to Volkswagen Financial Services. There is no ownership option with Lease&Care. You cannot gain legal title to the vehicle from VWFS.
What are the advantages to you? You've no need to worry about depreciation and future value of the car.
What should I be aware of before choosing Lease&Care? Early termination of the agreement is possible, but can be expensive. Think if you are likely to want to change your vehicle before the end of the contract date.
What happens at the end of the agreement? You have 3 options - Move into a new electric or other vehicle; stay in the vehicle for a further 1 to 3 years (maximum combined term is 5 years; return and hand back the vehicle, subject to excess mileage and fair wear and tear charges if applicable.
Terms and conditions and exclusions apply. Please ask to speak to our Business Managers in branch for full details.
You are always welcome to come back and see us to review your finance agreement.
We will usually contact you mid-way through the agreement to check all is well and that the agreement still meets your needs.