Catch up on the latest financial news and announcements in the UK finance markets.

New Car Finance Payment Holidays

Nick Kernick
Online Author

New Deals from Seat and Skoda are allowing new customers a 3 month payment holiday as manufacturers try to kickstart the industry as the coronavirus locksdown start to ease  in the UK

Seat and Skoda have recently announced a new finance package which would give new customers payment holidays on a range of models from the manufacturers. Available to people who maybe otherwise struggling with the COVID 19 outbreak the offer is designed to entice buys back into the market.  The deals have an offering of (APR) rates 5.9% and Skodas rate is 4.3%.  These offerings are applicable to SEAT models purchased before june 30th and Skoda purchases similar july 1st and delivered by October the first.

In addition to this both companies are offering deposit contributions of between £1000 and £3000 on various models of the cars.

Although showrooms are closed (16/05/2020) the government has recently relaxed rules allowing car dealers to offer a click and collect service which is hoped will introduce more flow to the currently static new car marketplace.