With banks still refusing to lend to each other, it is no longer just businesses who are drying out of credit. Retail customers are also finding it increasingly hard to borrow money, with store cards, credit cards and bank loans harder to find and more expensive than ever before.

Recognising the fact that direct lenders are slow to offer credit, Škoda Finance has released a suite of simple finance offers to help customers buying a new Škoda secure funding at a competitive rate in a one-stop shop, hassle-free way.

Anyone buying a new Škoda or part exchanging their current vehicle from a Škoda retailer before the end of December can now opt for a Solutions offer at a typical 8.9 per cent APR. 

Based on a three year period and 10,000 Miles per annum, this finance deal offers great flexibility to customers who can choose to make all the payments and keep the car after the agreed period or return it to a Škoda retailer.

Jacqui Rowley from Škoda Finance comments: “As well as being competitively priced, our finance offers are extremely flexible, enabling customers to adapt to changing circumstances, which we feel is a huge comfort in the current economic climate.”