Purchase or Lease

ŠKODA Financial Services Home
ŠKODA Financial Services Home

With so many finance products on offer, choosing the right one for you can seem a bit daunting. So we’ve put together a table outlining all the features of each solution, to help you make a better decision.

But of course, everyone’s different. So make sure you talk to a Business Manager at a ŠKODA dealer near you to make sure you choose the best deal for your circumstances. And remember, borrowing to buy a vehicle can have tax implications, so it’s wise to discuss your options with your tax adviser.

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Cost
Ownership
Ongoing payments
Customisation
Tax
Warranty
Upgrading to a new model
Options once your finance agreement is over
Our products
Cash Purchase
Finance Purchase
Lease
You cover the entire cost of the vehicle upfront.
You can borrow the full cost of the vehicle plus other costs like registration, insurance and on-road costs.
There's no deposit required, and you can finance the full cost of the vehicle, as well as things like insurance and on-road costs.
You own your vehicle from the beginning.
If you take out a loan agreement, you have ownership of the vehicle.
If you choose a Hire Purchase agreement, you will pay off the cost of your vehicle over time. Once you’ve made the final balloon payment, it’s yours. 
You don’t have ownership of the vehicle.
You don’t have any ongoing payments.
You make regular payments. You can also choose to reduce your regular payments by paying a deposit upfront, or making a balloon payment at the end of your term.
You make regular lease payments. You can reduce your payments by increasing your residual value.
You cannot personalise the purchase to suit your needs.
You can customise the deposit, amount of finance, term, repayment structure and more to suit your needs.
You can customise the term, repayment structure and more to suit your personal situation.
If you are buying the vehicle for business purposes, its depreciation may be tax deductible. 
If you are buying the vehicle for business purposes, you may be able to claim a deduction for your interest and borrowing costs, and depreciation.
If you are leasing as part of a salary package, you can usually make your vehicle payments from your pre-tax salary.
If you are leasing the vehicle for business purposes, you may be able to claim a deduction for your lease payments including the GST.
You will receive the standard three-year unlimited kilometre warranty on your new ŠKODA.
You will receive the standard three-year unlimited kilometre warranty on your new ŠKODA.
You enjoy the standard three-year unlimited kilometre warranty on your new ŠKODA.
To upgrade to a new model, you will need to arrange the sale or trade in of your vehicle, then come up with the funds for a new one
To upgrade to a new model once your term is complete, you may be able to trade in your vehicle and refinance to cover your balloon payment.
You can simply return your vehicle at the end of the term and upgrade to the latest model. Or, you can refinance your residual with us.
 
Keep your vehicle
Trade-in and upgrade
Sell and repay
Under a purchase agreement, you can also return the vehicle.
Upgrade to the latest model.
Refinance your residual with us
 

Personal Finance
Consumer Loan

Business Finance
Chattel Mortgage
Hire Purchase


ŠKODA Choice: Guaranteed Future Value is also available in conjunction with these finance products.


 

Personal Finance
Novated Lease

Business Finance
Finance Lease