Finance

 

 

 

 

 

 

V12 Finance available in store

Pay with finance over a term of your choice. We have 5 payment term options available. 12, 18, 24, 36 or 48 months.

With a minimum 10% deposit.

Finance options are only available on goods priced at £500 and over.

Am I eligible for finance?

In order to qualify for finance you must:

  • Be at least 18 years of age
  • Have been a UK resident for 3 years or more
  • Be able to make repayments by direct debit
  • Be in regular employment* (minimum of 16 hours per week) including self-employment, or in permanent residence with your spouse/partner who is in regular employment

*If you are retired and receive a pension or registered disabled and unable to work, V12 Retail Finance may ask for proof of sufficient income.

How much interest will I pay?

Interest rates vary depending on the length of term you opt for. We can talk through this in store and before you commit to anything.

APR Rates*

12 months – 19.88% APR

18 month – 19.85% APR

24 months – 19.87% APR

36 months – 19.89% APR

48 months – 19.87% APR

*APR is variable and may change at short notice

How do I pay with finance?

Simply visit the store and ask about our finance options. We’ll help you complete the lenders online application form and once approved* you’ll be able to leave the store with the goods the same day*.

*Credit is subject to age & status. You must agree to the lenders Terms & Conditions and electronically sign the Credit Agreement document before we can release the goods to you.

*Dependent on stock availability 

What information is required?

During the loan application process you will be asked for your personal information such as: name, 3 year address history, date of birth, email, telephone contact details and employment/income information. If you are accepted, you will also need a credit or debit card registered to you at your address on the credit application so that the lender can carry out an electronic identity check.

How long will it take?

Most applications take just a few minutes to complete and we expect that you will be given an acceptance or decline decision within a few minutes of the application being processed. In some cases, the lender may return the decision as “referred”, which would mean waiting for a further decision from the underwriters.

When do my repayments begin?

Your monthly repayments will begin one month after your purchase.

Declined Credit Applications

You will be informed of the decision if the lender declines your application, the lender is unable to share the reason for decline. Applications are usually declined for reasons such as:

  • You do not meet the eligibility criteria (see above)
  • Adverse credit reference agency information
  • Your credit score
  • You are considered to be over-committed
  • You existing account performance with other lenders