What is Contract Hire?
Contract Hire is a rental agreement that allows you to drive a ŠKODA without needing to own it.
It’s great if you simply want to pay a monthly rental for the vehicle, with an option to change it on a regular fixed period without the worry of ownership. To make budgeting easier, you can even build a service, maintenance and tyres plan into your monthly payments.
How much do I pay and when?
Once you have chosen your ŠKODA and decided on your initial rental, you need to make three decisions that will affect the monthly rental payments:
Your payment period
Choose between 12 and 48 months.
Mileage per year
Choose how many miles you expect to drive each year (fees may apply if you exceed this).
Total cover
Choose whether to include a service, maintenance and tyres plan in your agreement.
Once you’ve paid all outstanding rentals, you simply hand your ŠKODA back, subject to fair wear and tear and excess mileage charges.
Remember that you need to keep up monthly repayments, and that you are hiring this vehicle, so at the end of the agreement you can hand it back, without having to ever own it.
What benefits does contract hire offer me?
SIMPLICITY
Contract Hire is ideal if you’d like to simply pay a monthly rental for the vehicle, changing it regularly without the worry of depreciating assets
NO OWNERSHIP WORRIES
You won’t own the vehicle, so there’s no worries about ownership - you just have to hand it back at the end
NO FINAL PAYMENT
There’s no additional final payment at the end of the agreement
ŠKODA DRIVERLINE
Plus, receive our ŠKODA Driverline service that provides a single number for all your motoring needs, from breakdown and recovery to service booking and maintenance enquiries
PLAN UPFRONT
You can build in a service, maintenance and tyres plan to make budgeting even easier
BENEFITS FOR BUSINESS USERS
1. A proportion of the rentals may be claimable as an expense against taxable profits
2. An element of the VAT on rentals may be recoverable by VAT registered businesses