SKODA Choice
At ŠKODA, all of our products are full of forward thinking features. ŠKODA Choice^ is a flexible finance solution that lets you safeguard the future value of your car, so you can spend less time worrying, and more time enjoying your new ride. Just how it should be.
HOW ŠKODA CHOICE WORKS
ŠKODA Choice: Simply clever steps
1. CHOOSE YOUR ŠKODA
Use our handy car configurator to build your dream ŠKODA from the ground up.
ŠKODA Choice: Simply clever steps
2. CHOOSE YOUR TERMS
Set your own pace by selecting the term, deposit and yearly kilometre limit that suits you.
ŠKODA Choice: Simply clever steps
3. CHOOSE FROM 3 END OF TERM OPTIONS
You can select to retain, return or trade-in your ŠKODA at the end of your ŠKODA Choice contract term. The choice is yours.
YOUR END-OF-TERM 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 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 contract^. 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 requirements^, (as outlined in our Fair Wear and Tear Guide) you’ll have no more to pay.
MAINTAINING YOUR ŠKODA
To protect your Guaranteed Future Value^, your ŠKODA must be in an acceptable condition when you return it to us, and be within your nominated kilometre limit. To learn more, see our Fair Wear and Tear Guide.
^The ŠKODA Choice Program consists of an option to return the vehicle to 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. The GFV is not a representation by SFS** as to the likely market value of the vehicle as at the end of your contract. The option is available on new and demonstrator ŠKODA vehicles for selected models only. Please verify with your dealership the vehicles that are eligible 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 in accordance with the Fair Wear and Tear Guide. Download the Fair Wear and Tear Guide for more information. Other terms, conditions, fees and charges apply. The cost of the ŠKODA Choice Program is incorporated into the applicable interest rate. Please read the full terms and conditions. Please consider whether these products and services are appropriate for your circumstances. Before acting on any of the information, please seek independent financial and tax advice. Full terms and conditions are available upon application. Available only to approved personal applicants of SFS**. Subject to credit assessment. Standard fees and charges apply. Fleet, government, rental buyers, hire car and chauffeur companies are excluded. Available at participating ŠKODA dealers. ŠKODA Australia and SFS** reserve the right to change, supersede or extend all offers. **SFS is a trading name of Volkswagen Financial Services Australia Pty Limited ABN 20 097 071 460. Australian Credit Licence 389344.