Skoda promises an assured buyback value of 57 per cent at the end of 3 years
- Exclusively offered through Skoda Financial Services.
- Skoda promises 40 per cent lower EMIs compared to conventional schemes.
- Post the three-year tenure, a customer may choose to keep the car by paying the outstanding amount.
- Maximum mileage for three years is capped at 45,000km.
Skoda has introduced an ‘EasyBuy’ scheme on its flagship sedan, the Superb, with an aim to make it more affordable. It is basically an assured buyback program under which Skoda will offer a fixed amount of money (57 per cent of the car’s initial value) after three years for your used Superb. So if you want to sell it, Skoda will buy it back from you — else you can keep using the car and pay the outstanding amount.
It is to be noted that the assured buyback value will be given only when the car has done less than 15,000km per year (45,000km for 3 years). In case the car has been driven over 45,000km in 3 years, it will attract an additional depreciation at the rate of Rs 20 per km. For example, if you have driven around 50,000 km in 3 years, Rs 1 lakh will be deducted from your fixed buyback price.
Skoda is offering the EasyBuy scheme exclusively through Skoda Finance Services. The carmaker claims that under this scheme the EMIs for the three-year tenure will be around 40 per cent less (~ Rs 30,000) than any other conventional loan scheme. Customers can avail up to 100 per cent finance.
|Classic Credit||SKODA ‘EASYBUY’|
|Ex-Showroom Price||Rs 23,99,000**||Rs 23,99,000**|
|Finance Amount Availed||Rs 23,99,000*||Rs 23,99,000*|
|Tenure||3 Years / 36 Months||3 Years / 36 Months|
|EMI||Rs 77,353*||Rs 48,663*|
|Assured Buyback/Future Value||NA||Rs 13,67,430*|
*Terms & Conditions apply
**Shown is the price of Superb Corporate Edition
At the end of three years, the customer can choose to refinance the car for another contractual term. Under ‘EasyBuy,’ he or she can also trade in the existing vehicle and use the assured buyback value as equity to purchase a new Skoda car. The Superb is the first model to get an assured buyback plan. Expect Skoda to offer similar schemes for other cars as well including the Kodiaq and the Octavia.