Determine Your Monthly Payment With a Skoda Finance Calculator

by Kevin Smith Author

Skoda is one of the fastest-growing automakers on the planet. Even though they've been around for nearly a century, they've increased sales significantly over the last few years. Their record-setting profits have helped them develop a finance division that supports dealers directly. You can use a Skoda finance calculator to find out how much you'll pay each month for a Skoda in Sydney.

Consumer Loans

The most common type of loan is the consumer loan. This is for the family or individual buyer who wants to finance a new Skoda. Best of all, the terms are extremely flexible. You can decide whether to pay off the car in as little as one year or as long as seven. You can reduce monthly payments by adding an upfront deposit or tacking a balloon payment to the end of the loan.

Your insurance and registration costs can be rolled into the loan as well. Skoda provides fixed interest rates to prevent unexpected surprises down the road. To use their calculators, just customise the model you want and input the terms you'd like.

Commercial Loans

Businesses can take advantage of commercial loans for larger amounts. If you need a full fleet of Skoda vehicles or are just looking for a couple of company cars, Skoda can customise financing to fit your needs. What's more, businesses can often get lower interest rates since they have more income and assets that provide security in the event of a default.

Skoda loans don't have any penalties for prepayment, so if you decide to pay off your balance faster after a month of record profits, you can do so without worrying about getting hit by extra fees.

Finance a Lease

A lease can be a great way to save on monthly payments. While you won't own the vehicle, you can decide to keep it at the end of the lease and pay off the remaining balance or refinance it. When you calculate a lease payment, you'll have to provide an estimate of how many miles you'll drive.

You won't have to pay GST on the full value of the vehicle; just the value that you use during your lease. Your repayments are tax-deductible, also. Overall, leasing is a great way to save and still get a quality car.

SKODA Choice Guarantees the Future Value of Your Vehicle in Sydney

One of the trickiest variables to define is the future value of your car. Skoda removes all uncertainty with its Skoda Choice loan. This is similar to a lease agreement. You agree to drive the vehicle up to a certain distance over the term of your contract, and Skoda agrees to honour a set price at the end of that term.

That price is what you'll pay if you decide to keep the vehicle or trade it in to buy another. As long as you've kept the car in good condition and maintained it properly, Skoda will honour the agreement and you'll get a guaranteed great price on your car.