What is personal contract hire? A contract hire is a rental agreement that allows you to drive a ŠKODA without needing to own it. So you have the pleasure of driving a ŠKODA without the hassle of ownership, you just have to hand it back at the end of your contract.
Your rental payment period: Choose any period between 12 and 48 months
Mileage per year: Choose how many miles you expect to drive each year*
Servicing: Choose to include a service, maintenance and tyre plan in your agreement
What are the benefits of a contract hire?
- Contract Hire is ideal for customers who simply want to pay a monthly rental for the vehicle, change it on a regular fixed period and have no disposal risk
- You won't own the vehicle and therefore won't have the worry of ownership, just hand it back at the end
- There is no additional final payment at the end of the agreement
- You can build in a service, maintenance and tyres plan to make budgeting even easier
Important information to consider
- Ownership of the vehicle will always with ŠKODA Finance and it is really important that you keep up to date with your monthly repayments. Please contact us if you are having any difficulties as the vehicle may be at risk if you don't
- Contract Hire agreements are not designed tgo be settled early, if you wish to end your agreement early, you can request an early terminaion quote to cover the cost of the remaining rentals
- If you exceed the agreed mileage set out in your agreement then excess mileage charges will apply. If during your agreement you think you will go over your anticipated mileage then please contact ŠKODA Finance to discuss the options available
- It is important to keep your vehicle in good condition as you may be charged for any damage that goes beyond fair wear and tear
What happens at the end of the agreement?
At the end of your agreement you just pay any outstanding fees, subject to fair wear and tear and excess mileage charges and hand the vehicle back to ŠKODA Finance.
Will I own the vehicle?
No, you are hiring the vehicle and will hand it back at the end of the agreement
For more information contact Mel Smith, Business Specialist on 01543 448329 or email Mel.Smith@autosalesgroup.co.uk
*If you exceed your agreed annual mileage this may incur an additional fee