• Progress ŠKODA Bedford: 01234 865 615
  • Progress ŠKODA Letchworth: 01462 413 102
  • Progress ŠKODA Northampton: 01604 379 277
  • Progress ŠKODA Kettering: 01536 388 134
  • Progress ŠKODA Harlow: 01279 210 577

Progress Business and Fleet

Every business is different and dependant on the individual circumstances we have a range of finance plans some of which are more suitable to business use compared to those used by a private individual customer.

So it's important to choose the right option for acquiring your car or fleet. Otherwise you could find it seriously affecting your bottom line.

  • Contract Hire
  • Finance Lease
  • Lease Purchase
  • Business Offers
  • Contract Hire Explained

    ŠKODA Financial Services has produced a new animated video that gives a clear, engaging explanation of how its contract hire product works.

    The video compliments the existing Solutions 'finance explained' film and features typical small business users in their working environments. A relaxed, informative commentary explains how the product works and the key features and benefits for customers.

     

     

    This could be right for your business if you'd prefer to hire rather than own cars. It's simply an agreement where a rental is paid in return for the vehicle over one, two, three or four years. This means you don’t have the hassle of selling the car later on, or the worry about how much it'll be worth. It could be better still if your business is VAT-registered, as a proportion of the rentals may be tax-deductible (putting a smile on the face of anyone in charge of business finance). There may be other tax advantages too, as contact hire is looked upon as an operating lease for current tax purposes, unlike a 'purchase' contract.

     

     

    Finance Lease

    Finance lease is a hire agreement which is specifically designed for businesses and it could be especially good if you're VAT-registered.

    You choose a hire agreement of between one and four years. When this ends, subject to meeting the terms of course, you can sell the vehicle on to a third party on ŠKODA Finance's behalf and you may get a rebate on the rentals.

    Being a lease, this is looked upon as different to a 'purchase contract' and could be better for you tax-wise. You can claim a proportion of all rentals as a business expense against taxable profits, the size of which depends on the price of the car you lease. Ask your financial or tax advisor to see if it applies to your business.

    Lease Purchase

    This is a cost-effective way for your business to own the car. The agreement can last from one to four years and lets you hold back part of the cost of the vehicle until the end. Then you could own it outright.

    Lease Purchase could be an even better option if your business isn't VAT-registered.

    ŠKODA Range Contract Hire Offers

    Example Rentals – Based on 36 months, 10,000 miles per annum.

     

    Model

    6 + 35 PROFILE

    Initial Rental
    (Plus VAT)

    Monthly Rental
    (Plus VAT)

    Excess Mileage (Ex VAT)

    Citigo - SE 1.0 MPI 60 PS

    £954.00 £154.00 3ppm

    Fabia - Hatch Redline 1.0 TSI 110 PS

    £1,050.00 £175.00 3ppm

    Rapid - SEL 1.6 TDI CR 115 PS

    £1,320.00 £220.00 6ppm

    Rapid Spaceback - S 1.4 TDI 90 PS

    £1,218.00 £203.00 4ppm

    Octavia - Hatch SE Tech 2.0 TDI 150 PS

    £1,122.00 £187.00 7ppm

    Superb - Hatch SE Tech 1.6 TDI 120 PS

    £1,260.00 £210.00 6ppm

    Karoq - SE Tech 1.6 TDI 115 PS

    £1,218.00 £203.00 3ppm

    Kodiaq - SEL (5 Seats) 2.0 TDI 150 PS 4x4

    £1,650.00 £275.00 7ppm

    Please note

    * No ownership option.

    Excess mileage charges apply and fair wear and tear charges may apply. Business users only. All prices exclude VAT. VAT payable at the prevailing rate. 18s+. Subject to availability and status. T&Cs apply. Offer available for vehicles ordered by 01/07/18 from participating Retailers. Indemnities may be required. Offers are not available in conjunction with any other offer and may be varied or withdrawn at any time. Accurate at time of publication 04/18. Freepost ŠKODA Financial Services.

     

    ‡ VED rate accurate at time of going live but may change. The Vehicle Excise Duty (VED) rates refer to first year rates of vehicle tax payable on newly registered cars for the first year of ownership. For details of standard rate VED visit the Government website.

     

     

    Official fuel consumption for the ŠKODA range in mpg (litres/100km): Urban 31.0 (9.1) - 72.4 (3.9); Extra Urban 44.1 (6.4) - 88.3 (3.2); Combined 38.2 (7.4) - 80.7 (3.5). CO2 emissions for the ŠKODA range are 170 - 90 g/km.

    Standard EU Test figures are for comparative purposes and may not reflect real driving results

     

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