Czech carmaker Skoda is offering to pay the first three months of new PCP deals in a bid to entice new customers during the Coronavirus (COVID-19) pandemic.
The new finance deals from the brand, running until 1 July 2020, also includes deposit contributions of up to £4,250. Its entire range of cars is included, and APR rates range between 3.1% and 4.4%.
A Skoda spokesperson said: ‘This offer is available now and covers the Skoda range, from the Fabia supermini up to the seven-seater Kodiaq SUV.
‘Although retailer showrooms remain closed to visit, the brand’s team of new car experts are working digitally and via the phone. Customers looking to take advantage of these latest deals are advised to make contact via phone or live chat.’
The offer applies to cars on Personal Contract Purchase (PCP) agreements.
Cars included
Skoda Fabia – £3,000 deposit contribution, 4.3% APR
Skoda Kamiq – £2,500 deposit contribution, 4.4% APR
Skoda Scala – £2,750 deposit contribution, 4.3% APR
Skoda Karoq – up to (depending on model) £2,500 deposit contribution, 4.4% APR
Skoda Octavia hatchback and estate – £3,500 deposit contribution, 4.1% APR
Skoda Kodiaq – £4,250 deposit contribution, 3.1% APR
Skoda Superb – up to £4,000 (depending on model) deposit contribution, 4.1% APR
What this means for you
If you’re in a squeeze due to the effects of Coronavirus, and your cash flow has been affected in the short term, these kinds of offers can help. This deal enables you to get a brand new car and not pay for anything (except fuel and insurance) for three months.
But. Think long-term. Make sure you can afford the monthly payments, for the duration of the agreement after those first three months. If you’re thinking of buying at the end of a PCP deal, it’s worth checking out 0% APR deals too.
Further reading
>> Everything you need to know about car payment holidays
>> What do I do if my PCP ends during lockdown?
>> The best new car deals around: updated weekly
