Finance Lease

Finance lease is a hire agreement which is specifically designed for businesses and it could be especially good if you're VAT-registered.

You choose a hire agreement of between one and four years. When this ends, subject to meeting the terms of course, you can sell the vehicle on to a third party on ŠKODA Finance's behalf and you may get a rebate on the rentals.

Being a lease, this is looked upon as different to a 'purchase contract' and could be better for you tax-wise. You can claim a proportion of all rentals as a business expense against taxable profits, the size of which depends on the price of the car you lease. Ask your financial or tax advisor to see if it applies to your business.