What is the lowest Skoda can go on finance?

Anyone got any inside info?

Scott

Ummm...

They do occasional 0% deals, you don't get much lower than that

Do they do it on the Fabia VRs? When is the next one?

They have not done any special finance deals on the Fabia vrs as far as I am aware.

Even when Skoda offered 0% finance on all other Fabia models, the vrs was excluded.

They don't need to offer incentives at the moment.

They have not done any special finance deals on the Fabia vrs as far as I am aware.

Even when Skoda offered 0% finance on all other Fabia models' date=' the vrs was excluded.

They don't need to offer incentives at the moment.[/quote']

Yeah- when I metioned 0% for my Vrs Octavia the dealer fell around laughing.

I got 2 years 0% on my Fabia vRS back in March last year, done via the dealer (Saltdean Garage) and Black Horse finance (an arm of Lloyds Bank AFAIK). 50% deposit was required, but this was mostly the trade in on the old Fabia TDi.

So it's possible on a vRS but depends on the dealer I suppose and how well they need to meet their figures etc etc...

edit Forgot to mention that I had 3 years 0% before that on the old car done via Skoda Finance and Saltdean again.

Could only get 5.4% flat rate from the dealer for my new Fab VRS over 3 years with the VW/Skoda Finance.I went with the H.P. deal because you are better protected under consumer law.

Yep we got finance through Skoda but it every other model was 0% bar the Fabia vRS.

I got 2 years 0% on my Fabia vRS back in March last year' date=' done via the dealer (Saltdean Garage) and Black Horse finance (an arm of Lloyds Bank AFAIK). 50% deposit was required, but this was mostly the trade in on the old Fabia TDi.

So it's possible on a vRS but depends on the dealer I suppose and how well they need to meet their figures etc etc...

edit Forgot to mention that I had 3 years 0% before that on the old car done via Skoda Finance and Saltdean again.[/quote']

Not doubting you, but I fail to see how this is possible. 0% from VW Finance (Skoda) as Skoda make profit from the sale of the car, but what would be in it for Black Horse, as being a purely finance company they make their profit from the interest charged? Am I missing something?

Not doubting you, but I fail to see how this is possible. 0% from VW Finance (Skoda) as Skoda make profit from the sale of the car, but what would be in it for Black Horse, as being a purely finance company they make their profit from the interest charged? Am I missing something?

It would be in the dealer's interest to offer people 0% finance to get them to buy the cars in the first place - so you might find they actually shared their profit with Black Horse in exchange for being able to offer 0%?

Rob.

It would be in the dealer's interest to offer people 0% finance to get them to buy the cars in the first place - so you might find they actually shared their profit with Black Horse in exchange for being able to offer 0%?

Rob.

I suppose, but surely it would be easier for the dealer to discount the price of the car as that would avoid having to do deals with Black Horse??? Black Horse are actually a good finance company, have used them several times as RK Oliver always offered them as a cheaper alternative to Skoda (VW) Finance. Still 0% from a third part finance company seems strange to me.

Ah I see it is 0% for 2 years implying it is not O% for lifetime of finance, probably an enormous interest rate on the remainder of the finance repayment period.

Ah I see it is 0% for 2 years implying it is not O% for lifetime of finance, probably an enormous interest rate on the remainder of the finance repayment period.

Quite possibly, yes...

People like 0%, as most people know to avoid paying interest if they can help it. So rather than discounting the product, offering 0% means they don't have to discount the car as much and people will still feel like they're getting a good deal because of the 0%.

Of course, this also means the finance amount is higher...which can have it's uses for finance companies.

Rob.

0% finance deals normal have limits, like as you say over 2 Years, but with 40/50% Deposit and

Ah I see it is 0% for 2 years implying it is not O% for lifetime of finance' date=' probably an enormous interest rate on the remainder of the finance repayment period.[/quote']

Well my 0% mentioned above is for the loan's lifetime (unlike those 0% electrical goods loan things mentioned) - it's 250 quid a month - 6000 quid divided by 24 months. No fees, no charges. The rest of the 11990 was 5500 trade in on the old car and 100 quid deposit when ordering (paid on 0% credit card!), 390 cash when collected.

I dunno how Black Horse are making anything from it - perhaps they're simply laundering money :eek: They do, however, legally own the car even though it's my name on the registration document (thought it would have had to have been their's but oh well). So it's a secured loan.

Hmm, I bet there's some sneaky tax thing or somesuch - those bean counters know what they are doing...

Well my 0% mentioned above is for the loan's lifetime (unlike those 0% electrical goods loan things mentioned) - it's 250 quid a month - 6000 quid divided by 24 months. No fees' date=' no charges. The rest of the 11990 was 5500 trade in on the old car and 100 quid deposit when ordering (paid on 0% credit card!), 390 cash when collected.

I dunno how Black Horse are making anything from it - perhaps they're simply laundering money :eek: They do, however, legally own the car even though it's my name on the registration document (thought it would have had to have been their's but oh well). So it's a secured loan.

Hmm, I bet there's some sneaky tax thing or somesuch - those bean counters know what they are doing...[/quote']

Oh I am sure they manage to make money out of it some how.

Usually about 8% is the best you're gonna get (slightly lower, rounded it).

Best deals are with credit card companies - pay it off, ring them up and tell them what you wanna do. They are usually interested in undercutting others, if they can, they will

I ordered a shiney new fabia vrs today - got 4700 trade in on a megane coupe, 3000 cash deposit (7700 all told) - left around 5000 to finance.

Bought it through Benfield Skoda in Newcastle - got 5% through Blackhorse. No complaints there

Cannot wait!!!!

My octavia rs is on 0% skoda finance, i want to pay it off in advance soon, do i incur any penalties for this?

My octavia rs is on 0% skoda finance, i want to pay it off in advance soon, do i incur any penalties for this?

Have a look at your finance agreement, any penalties for early settlement will be in that document.

My octavia rs is on 0% skoda finance, i want to pay it off in advance soon, do i incur any penalties for this?

I didn't incur any penalties or whatever when I paid off my 0% a few months early on the old Fabia around this time last year. It's a bit hard to apply a early settlement fee or whatever when one of the numbers in the equation to work out how much it would be is 0!

Ring Skoda Finance up and tell them what you want to do and they'll send you a letter with a settlement figure, you then send them a cheque and the car is yours.

I don't think you can clear it with a credit card (to say extend the 0% for another 12 months with a credit card 0% deal) but you never know...

edit - don't whatever you do use a credit card cheque to clear something like this by the way, they are very expensive (read the small print).

My octavia rs is on 0% skoda finance, i want to pay it off in advance soon, do i incur any penalties for this?

So's mine . Why would you ever want to pay off early? Being an accountant I worked out the value to me of 0% finance over three years on the unpaid part of the OTR price and I think it was about

Why would you ever want to pay off early?

One possible reason is that the car belongs to Skoda Finance until such time as you have paid for it in full. There are also restrictions in the HP agreement relating to where you can take the car overseas and for how long; you can't use it for racing, trials or rallying; you must keep it in good repair and condition; and you also have to keep it comprehensively insured. Also if you take out GAP insurance you can't modify the car. Those reasons aside, I agree that it is a no-brainer to settle early when the money to do so could be earning good interest elsewhere.

It's the reason I'm not going for HP - Price worked out the same within a few quid, not able to get a 0% deal as yet but we'll see on delivery day

OK - good reasons there :ashamed:

I'm sure paying cash would be preferred at any rate, but for most of us mere mortals with mortgages that's unfortunately not an option - plus if you could afford it you'd probably buy something higher up the range anyway