Škoda Choice
Enjoy the Guaranteed Future Value for your Škoda
The choice is yours
Fortunately, there are still some guarantees in life. Škoda Choice32 is a flexible finance solution that provides you with the assurance of knowing exactly what the minimum value of your vehicle will be down the track. At the end of your loan, you have the option to trade in, retain or return your vehicle. The choice really is yours.
Target Market Determinations
Please read the Target Market Determinations (TMD) document for our Financial Services products. This document ‘Target Market Determination’ describes who a product is appropriate for (target market), and any conditions around how the product can be distributed to customers.
For more information visit the Target Market Determinations page.
How it works
- Choose your Škoda
Use our handy car configurator to build your dream from the ground up.
- Choose your terms
Choose your preferred term of 12, 24, 36, 48 or 60 months, along with an annual km allowance and repayment options.
- Choose your end of term option
You can select to retain, return or trade-in your Škoda at the end of your Škoda Choice± contract term.
Choose your option at the end of the term
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 Value32, you can use this equity towards your new vehicle.
Retain
If you can’t imagine parting with your Škoda, you can purchase it outright for the Guaranteed Future Value amount locked in at the start of the contract32. Or you can choose to refinance your balloon at the end of the term, speak to us about your refinancing options.
Return
At the end of your contract term, all you need to do is hand your car back to your Škoda dealership. And, if the vehicle meets the agreed kilometre and fair wear and tear requirements32, (as outlined in our Fair Wear and Tear Guide) you’ll have no more to pay.
Explore the benefits
- •Peace of mind knowing the minimum future value of your Škoda right from the start
- •You have three options at the end of your Škoda Financial Services contract
- •A personally tailored finance solution, based on the term and kilometre usage of your vehicle
- •Upgrade your Škoda to the latest model more often, enjoying the best innovations and technologies
Maintaining your Škoda
We understand that you will want to keep your Škoda in premium condition. To ensure the integrity of the Guaranteed Future Value Program, your Škoda must be in an acceptable condition when you return it to us and must not exceed the kilometre limit. We also understand that some reasonable wear and tear is only to be expected, but it needs to remain within the provisions set by your Škoda Financial Services contract. If you exceed your nominated kilometre allowance, it will reduce your Guaranteed Future Value. However, this won’t affect your ability to Trade in, Retain or Return your vehicle.
Fair Wear and Tear Guide Download
- Disclaimers
32Škoda Choice has a Guaranteed Future Value (GFV) which is the minimum value of your vehicle at the end of your finance contract as determined by Škoda Financial Services (SFS) ABN 20 097 071 460, Australian Credit Licence 389 344. If you decide to return your vehicle to SFS at the end of your term, SFS will pay you the agreed GFV, which will be put against your final payment subject to fair wear and tear conditions and agreed kilometres being met. At the end of your term, you can elect to (1) trade-in; (2) return; or (3) retain the vehicle by paying the GFV owed to SFS at the end of the loan term after all repayments have been made. You will be liable for any loan contract deficit and additional charges apply if you exceed the nominated kilometre allowance and/or the vehicle is not in an acceptable condition. Available on new, demonstrator or Certified Pre-Owned vehicles for selected Škoda models. Contact your nearest Škoda dealer to check eligible vehicles for this program. To see if this product is right for you, please see our Target Market Determination on our website and/or seek independent advice. *Subject to a credit assessment and SFS lending criteria. Fleet, government, rental buyers, hire car and chauffeur companies excluded.
Škoda Financial Services (SFS) ABN 20 097 071 460, Australian Credit Licence 389344. View the Target Market Determination for our Financial Services products here.