ŚKODA Choice^

ŠKODA Choice^ is a flexible finance program that allows you to guarantee your vehicle’s minimum future value^ at the time of purchase, giving you peace of mind knowing the value of your ŠKODA is secured.

With ŠKODA Choice:

  • You’re in control. You can create a personally tailored package to suit your lifestyle.
  • You’ll benefit from attractive repayments.
  • You can upgrade to the latest ŠKODA model more often.
  • Enjoy the peace of mind knowing the minimum future value of your ŠKODA upfront – and safeguard against negative equity.
  • Plus, you’ll have the freedom to choose from three end of term options.

So how does it work?

Firstly, select your favourite ŠKODA model.

Then, choose your preferred term from between 12 and 48 months, along with an annual KM allowance and repayment options that suit your lifestyle.

ŠKODA Financial Services will then determine the Guaranteed Future Value^ of your ŠKODA based on its age and estimated kilometres driven at the end of the term.

At the end of your ŠKODA Choice contract, you have the freedom to choose between three options:

  • Trade In: If you wish to trade-in your ŠKODA for a new vehicle, all you need to do is return it to the dealership. If the trade-in value is higher than the Guaranteed Future Value, you can use this equity towards your new vehicle.
  • Retain: If you prefer to retain your ŠKODA, simply let us know. Provided that you also meet the relevant payment obligations under your contract, you can purchase your vehicle outright for the Guaranteed Future Value price locked in at the start of the contract. Then your ŠKODA is yours to keep. Or you can choose to refinance your balloon at the end of the term.
  • Return: All you need to do is hand your car back and, if the vehicle meets the agreed kilometre and fair wear and tear requirements, you will have no more to pay (conditions apply)^.
   

^The ŠKODA Choice Program consists of an option to return the vehicle to ŠKODA Financial Services (SFS)** at the end of the term and require SFS** to purchase the vehicle at an agreed price known as the Guaranteed Future Value or GFV as determined by SFS** and set out in your contract. At the end of the term, you can elect to: (1) trade-in the vehicle; (2) exercise the option to return the vehicle; or (3) retain the vehicle by paying the GFV, which is a lump sum owed to SFS** at the end of the loan term after all monthly repayments have been made. Available on new and demonstrator ŠKODA vehicles for selected models only. Verify with dealership eligible vehicles for the program. The GFV will be reduced, and you will be liable for any loan contract deficit, if you exceed the nominated kilometre allowance and/or the vehicle is not in an acceptable condition. Standard fees/charges and further conditions apply, available from SFS**. Only available to approved applicants of SFS** at participating ŠKODA dealers. Fleet, government, rental buyers, hire car and chauffeur companies excluded.

**SFS is a trading name of Volkswagen Financial Services Australia Pty Limited ABN 20 097 071 460, Australian Credit Licence Number 389344.

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