Škoda has announced a range of finance offers across several product ranges, including no VAT, 25% discount and 0% finance.

The latest model of Octavia has a £500 deposit contribution and three years’ free servicing when bought with Škoda Finance HP or PCP at 6.9% APR, while the outgoing Octavia SE Connect 1.6 TDI is available with a 25% discount off the RRP.

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The Fabia Hatch Se 1.2 69PS also qualifies for the 25% discount, and selected Fabia and outgoing Octavia Estate models also qualify for a no-VAT offer as well as 0% HP over two years on higher specification models when a minimum of 50% deposit is paid.

Selected Superb models qualify for the no-VAT deal with 0% HP over two years, with a minimum 50% deposit, and Roomsters also get no VAT with higher specification models available for 0% two-year HP with a 50% deposit.

Rapid SE and Elegance buyers get 0% interest on HP over 24-36 months with a 30% deposit. There is also a £1,000 deposit contribution available on any Rapid bought with PCP or HP at 7.9% APR.

The Citigo Sport is now available with one year’s free comprehensive insurance for drivers aged over 21, and Škoda continues to offer three years’ free servicing on all cars except the Citigo S, Citigo Sport and Octavia SE Connect.

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The news follows an announcement by parent group Volkswagen that Škoda was the only brand under the VW umbrella to not experience global balance sheet growth, as the group failed to hit its target of 10 million cars sold worldwide.

peter.johnstone@timetric.com