Finance
Words by bike zone oxford
on 30/05/2017 11:55:16

Spreading the cost
We offer Finance on bikes and a number of accessories over the value of £500 through V12 Retail Finance. This allows you to get the bike you want or need now, and spread the payments across anything from 6 to 48 months, dependent upon how much you are spending and how you wish to spread the repayment amounts.
Application process
Once you have chosen your bike a Sales Assistant will fill out an Online Application with you. It’s a quick process lasting about 10 minutes and the decision is normally given immediately unless the application is referred in which case V12 will endeavour to give a decision within 10 minutes.
Upon approval, the deposit is paid, the paperwork signed and you are free to ride away.
Example
Bike Price (inc vat): | £750 |
Deposit Amount (10%): | £75 |
Amount of Credit: | £675 |
Interest at 0% APR: | £0 |
12 Monthly Payments of: | £56.25 |
Sale bikes and other promotions
Please note that Sale Prices are not available on 0% Finance nor can 0% Finance be used in conjunction with any Cycle to Work Schemes or any other discounts or promotions.
Should you wish to purchase a Sale Bike through 0% Finance, please speak with us and we will work out a price on 0% Finance.
Deposit
A minimum 10% Deposit is required; you also have the option to leave a larger deposit, this would reduce your monthly repayments
Eligibility for credit
In order to apply for credit with V12 Finance you must:
· Be at least 18 years of age and under 75 years of age
· Be either: in full time employment (i.e. 16 hours, or more, per week); or self-employed; or retired and over 50 years of age; or in receipt of an invalidity or disability allowance
· Be a UK resident
· Be able to make repayments by direct debit
· Have a debit or credit card in their name and registered to their address (you’ll need this to match the address used to complete the identity verification)
· Have a Bank or Building Society current account available (you’ll need this to complete the direct debit instruction)
· Provide your previous address if you have lived at your current address for less than 3 years
· Provide Photographic ID