Skoda Choice financing now available for Elroq

SKODA has announced details of financing and guaranteed future value offers for its newly introduced Elroq electric SUV.

Joining driveaway pricing offers announced earlier this year, the ability to purchase the Elroq on a novated lease from the showroom floor allows Skoda customers a new level of flexibility in financing their car.

Speaking with journalists gathered for the Australian launch of the all-new Elroq in Sydney this week, Skoda Australia Financial Services director of brand strategy and product, Shashank Gautam, said the program is the most efficient way for Australian buyers to experience an electric vehicle.

“The Guaranteed Future Value program offers another way to purchase your motor vehicle,” he explained.

“It takes away the worry surrounding the future value of the vehicle and provides customers with flexible options should they choose to upgrade to a new vehicle, trade the vehicle in, retain the vehicle, or simply return the vehicle (at the end of the finance period).

Mr Gautam explained how with no residual risk, the option to salary package an Elroq will allow buyers considering an electric vehicle – perhaps for the first time – the ability to drive away from just $171 per week (130 Years Edition customers will pay from $198 per week), with payment terms available from 12 to 60 months, and a comparison rate of 7.99 per cent per annum.

Mr Gautam said the Skoda Financial Services program allows non-contracted employees similar novated leasing benefits enjoyed by contracted workers. He estimated that 69 per cent of the Australian workforce may be eligible to undertake a novated lease at the point of sale.

Further, he said finance-only arrangements are available from as little as $164 per week (based upon the Elroq 85), saving Skoda customers about $124 per week when compared with a similar ICE-powered rival.

For the 130 Years Edition, that figure increases to $188 per week, or $142 less than a comparable medium-sized, petrol-powered SUV.

“Fifty per cent of all electric vehicles today are being sold on novated leasing,” added Mr Gautam.

“It is why it is important that this product is now made available to more customers, giving them greater opportunity to take the benefits offered, especially around government incentives.

“This is an effective way of potentially releasing (more) of your taxable income, and also providing a total cost of ownership solution,” Mr Gautam concluded.