Contract Hire is a rental agreement that allows you to drive a ŠKODA without needing to own it
How does it work?
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 rental payment period
Choose any period between 12 and 48 months
> Mileage per year
Choose how many miles you expect to drive each year†
Choose to include a service, maintenance and tyre plan in your agreement
Once you have paid all outstanding rentals, you simply hand your vehicle back, subject to fair wear and tear and excess mileage charges.
What benefits does Contract Hire offer me?
> Contract Hire is ideal for customers simply wanting 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, you just have to hand it back at the end
> There is no additional final payment at the end of the agreement
> If you are a business user:
- A proportion of the rentals may be claimable as an expense against taxable profits1
- An element of the VAT on rentals may be recoverable by VAT registered businesses#1
> You can build in a service, maintenance and tyres plan to make budgeting even easier
What happens at the end of my agreement?
At the end of your agreement you just pay any outstanding fees and hand the vehicle back to ŠKODA Financial Services.
Need details about damage charges? Find it in our guide below.
Will I own the vehicle?
No, you are hiring the vehicle and will hand it back at the end of the agreement.
Need details about your agreement? Find it in our Driver’s guide.
More information about Contract Hire agreements: