Finance Information

Owning a ŠKODA is Easy

Our aim here at ŠKODA Finance is to facilitate you, in the easiest and most stress-free fashion, when purchasing your new ŠKODA. It doesn’t matter whether you are a private customer or a business customer - our range of financial products offer the perfect solution to meet your individual needs.​

ŠKODA PCP Solutions

ŠKODA PCP Solutions gives you flexible finance options and the convenience of a guaranteed future value (GFV) for your new ŠKODA. This personal contract plan is based on a hire purchase agreement with a difference. It allows you to use the equity in the future value of your ŠKODA to reduce your monthly payments and avail of a shorter termed agreement.

So, whether you want to drive the latest and safest model, upgrade regularly or simply keep your new ŠKODA, ŠKODA PCP Solutions makes your money go further.

Consumer Hire Purchase

Under Hire Purchase, ŠKODA Finance purchases the car on your behalf. You then pay an agreed installment over 1 to 5 years. The car becomes your property at the end of the agreement upon payment of a purchase installment.

With Hire Purchase you can defer part of the capital cost until the end of the agreement and pay a final "balloon" payment, thus making the monthly installment more affordable.

 

Non-Consumer Hire Purchase (Business Hire Purchase)

Hire purchase is an agreement whereby vehicles are purchased by ŠKODA Finance on behalf of the customer and hired for an agreed term. At the end of the contract period, ownership transfers to the customer on the payment of a purchase installment.
For business and taxation purposes, vehicles acquired under a Non – Consumer Hire Purchase arrangement are treated as fixed assets of the company with the amount being treated as a liability.

A Business can offset the interest element of the Hire Purchase cost against Tax thereby reducing the effective cost of borrowing. The VAT amount on the vehicle can be claimed back from Revenue in one upfront payment at the beginning of the agreement (subject to vehicle qualification rebate). Vat is not normally recoverable on cars.

With Hire Purchase you can defer part of the capital cost until the end of the agreement and pay a final "balloon" payment, thus making the monthly installment more affordable.

 

Terms and conditions apply. Typical Finance Example: Citigo OTRP €11,475. Deposit / Part Exchange €3,511. 36 monthly payments of €159 (Including service plan of €13.99 per month). Optional Final Payment €3,263. Total cost of credit €669. Total hire purchase price €12,144. Minimum deposit is 10%. Subject to lending criteria. This offer is made under a hire purchase agreement. ŠKODA Finance is a trading style of Volkswagen Bank GmbH Branch Ireland, authorised by the Federal Financial Supervisory Authority in Germany and regulated by the Central Bank of Ireland for conduct of business rules.