You Won’t Beat Our Bank…

0.0% APR Fabia and Roomster

5.9% APR on Octavia, Superb and Yeti

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Above rates apply to all orders for 2012

Terms and Conditions Apply

Making Owning Your Škoda Easy

Helping you get your Skoda the easiest and most beneficial way – that is our aim at Skoda Finance. Whether you are a private or a business customer, our range of financial products offer solutions to meet your individual needs.
Take advantage of our expertise and experience – our team at Skoda Finance will be delighted to help you identify which of our excellent finance and insurance products suit you best.

Company

Škoda Finance is part of Volkswagen Financial Services AG, the fully owned Volkswagen Group automotive financial services company operating in 35 countries worldwide and offering financial services to millions of customers.

We benefit from decades of experience in automotive financial services and our aim is to ensure you do too.
Skoda Finance is a trading name of Volkswagen Bank GmbH Branch Ireland. Volkswagen Bank GmbH are regulated by the German Financial Regulator Bafin (Bundesanstalt fur Finanzdienstleistungsaufsicht).
Volkswagen Bank is authorised and regulated by Bafin in respect of insurance mediation activities.

Products

At Škoda Finance, we understand that everyone’s needs are different. That’s why we provide individually tailored payment plans and solutions that make it easy for you to drive your Skoda.
Whether you are a private or a business customer all of our solutions are available at your local Škoda dealer. Ask for Škoda Finance to get the best and fairest financial solution available.

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.

Benefits of Consumer Hire Purchase:

• You have peace of mind by knowing from the outset the timing and amount of repayments
• As the installments are fixed; the payments are not subject to fluctuations in interest rates
• You have ownership of the car at the end of the agreement on payment of the purchase fee

Warning: You will not own these goods until the final payment is made.

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.

Benefits of Non-Consumer Hire Purchase:

• The product is straightforward with no tax implications on completion of the agreement
• Fixed installments provide for more accurate budgeting and forecasting
• By funding vehicles by way of separate line of credit, working capital is free to be used where it is needed most – in the business
• As well as preserving valuable working capital, HP can provide better cash-flow management and control.

Warning: You will not own these goods until the final payment is made.

Payment Protection

Our payment protection plans are in place in order to protect you against uncertainties in life, which could threaten your ability to continue your finance repayments, such as accidents, sickness or unemployment.

You can choose from three coverage levels:
1) Life
2) Life, accident and sickness
3) Life, accident, sickness, redundancy or critical illness

Whatever your personal circumstances, the suitable payment protection plan will let you have peace of mind that your monthly finance repayments will be covered. Whichever Škoda you choose – there is a safety net for you.
Download further information on payment protection

GAP and RTI Insurance

We hope you will enjoy your Škoda without any difficulties – nevertheless, in the case of a total loss of your Škoda through accident or theft your insurance company will typically offer you a payment based on the market value of your vehicle at that time, which could be significantly less than either the original cash price of the vehicle or the outstanding balance of an existing finance agreement. A total loss can affect your own finances even with your vehicle being comprehensively insured.
That’s why there are two options for you to choose from:
Guaranteed Asset Protection (GAP): In the event of the total loss of your Škoda due to fire, theft or accident, this policy will pay the difference between the motor insurance payout and the residual amount of finance owed.
Return to Invoice Insurance (RTI): In the event of the total loss of your Škoda due to fire, theft or accident, this policy will pay the difference between the motor insurance payout and the original invoice price of the vehicle.

For further information download the attached file
For information on our Insurance products please contact Burns Car Sales today.