If you wish to trade-in your ŠKODA for a new vehicle, all you need to do is return it to the dealership. If the trade-in value is higher than the Guaranteed Future Value^, you can use this equity towards your new vehicle.
If you can’t imagine parting with your ŠKODA, you can purchase it outright for the Guaranteed Future Value amount locked in at the start of the contract^. Or you can choose to refinance your balloon at the end of the term, speak to us about your refinancing options.
At the end of your contract term, all you need to do is hand your car back to your ŠKODA dealership. And, if the vehicle meets the agreed kilometre and fair wear and tear requirements^, (as outlined in our Fair Wear and Tear Guide) you’ll have no more to pay.