ŠKODA Finance

Buying a new or used ŠKODA is now easier and more affordable than ever before. Thanks to a range of purchasing options, you will be able to drive away in one of the Czech manufacturer’s acclaimed models with only fixed monthly repayments to be made.

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What is Personal Contract Purchase (PCP)?

Personal Contract Purchase is one of the most affordable and popular schemes currently available. In paying a deposit followed by monthly payments that cover the depreciation in value between the sale price and the Guaranteed Future Value, you can take advantage of manageable costs and the best vehicles around.

What are the advantages of PCP?

Lower monthly repayments when compared to other financing schemes
The option at the end of the contract to either buy or return the vehicle with no further obligations
When returning the vehicle, should its worth be greater than the Guaranteed Future Value, you can use this figure as a deposit on another vehicle

What should you consider when opting for PCP?

Whether you wish to own the vehicle outright through payment of the optional balloon payment at the end of the agreement
Your annual mileage allowance, with mileage in excess of this charged extra
You will be unable to sell the vehicle without settling the agreement in full
You will be required to service and maintain the vehicle in accordance with the terms of the contract

Can I settle my PCP agreement early?

By requesting an early settlement figure from the financing company, you will be able to settle the agreement at any time. However, you may incur negative equity - the difference between the vehicle’s worth and what you still owe.

View Vehicles on PCP

What is Hire Purchase (HP)?

An alternative to PCP is a Hire Purchase agreement. This is often preferable to motorists as it enables you to become the outright owner of the vehicle at the end of the contracted term. Simply pay a deposit then pay off the remaining balance through fixed monthly instalments.

What are the advantages of HP?

Full vehicle ownership at the end of the agreement
Manageable monthly repayments that spread the cost of purchasing
No mileage restrictions or obligations as found in PCP

What should you consider when opting for HP?

Higher monthly repayments in comparison to PCP agreements
You cannot sell the vehicle until the agreement is settled
You only become the full owner once all repayments have been made

Can I settle my HP agreement early?

You can. Your financing company will be able to provide an early settlement figure on request. Of course, you should note that you may incur additional charges should there be a difference between the worth of the vehicle and the amount outstanding.

View Vehicles on HP

What product is best for me?

The team at RRG ŠKODA is on hand to provide you with all the support and assistance you need to make the most suitable purchase for you. We’ll advise on the advantages of each scheme that is available and clearly detail the costs of each agreement. Simply get in touch with a member of the team today to learn more.

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Kingsway, Rochdale, United Kingdom, OL16 4AP

Reg Office: 173 Cross Lane Salford Manchester M5 4AP

Reg. Company Number: 1053351

VAT Reg. No. 498 0951 95

Financial Disclosure

RRG Group Limited is registered in England No: 1053351. Registered at: 173 Cross Lane, Salford, M5 4AP. VAT Registration No: 498095195.
RRG Group Limited is authorised and regulated by the Financial Conduct Authority (Ref No 668548) for consumer credit purposes and an Appointed Representative of Ingeni Services Group Limited (Ref No 747381) which is authorised and regulated by the Financial Conduct Authority for Insurance Mediation purposes. We have relationships with a number of lenders which could include preferential terms such as a requirement to submit an application to them first or exclusively. Please be aware that we typically receive an introductory fee or commission from our finance partners. We may also get paid an additional fixed commission if you are a returning customer. Commission may be calculated based on either a fixed amount relating to the vehicle you are purchasing, a percentage of the amount of finance you are borrowing, or a combination of both. Different finance lenders may pay different commissions for such introductions. Such payments will not affect the amount you pay under any finance agreement, all of which are set by the lender. We may also receive an introductory fee or commission from our insurance partners for processing insurance policies. We do not charge fees for processing finance or insurance products. Finance is subject to status.