Top Gear Finance

TOP GEAR ARE PLEASED TO ANNOUNCE THAT WE HAVE TEAMED UP WITH V12 FINANCE
COMPANY TO OFFER OUR CUSTOMERS FLEXIBLE PAYMENT OPTIONS ON ALL OUR PRODUCTS

You can now get finance on any of our products on this web-site
on orders over £300

Just select your products and continue through checkout selecting the Finance option you require.

Please read the information supplied below before purchasing your products on Finance.

For any other details please contact

Chris Bailey - chris@topgear.co.uk

FURTHER INFORMATION AND EXAMPLE FINANCE DEALS

Before applying for credit please ensure you have read the following;

I am aged 18 or over
I am: in full time (i.e. 16 hours, or more, per week) employment or my partner is or
- self-employed or
- retired and over 50 years of age or
- in receipt of an invalidity or disability allowance
I have been a UK resident for at least 3 years
To help you complete the application form, please have the following information at hand:
- current address and postcode (and previous address and postcode if you have lived at your current address less than three years)
- employers address (if applicable)
- bank account details
Please ensure you complete the form accurately as errors or omissions will delay a decision
The application should only take around 3 minutes to complete
As part of the application process we will be referring your details to a credit reference agency
Once your credit application has been accepted you can download & print the credit agreement form to sign and return to us Freepost.
When we receive the signed agreement from you we will confirm this to you in an email and will also notify the retailer to deliver your goods.
Total price excluding delivery of order must be £300 or over and less than £25,000
Discount codes cannot be used with finance
10% deposit and a £20.00 service fee applies to 12 month buy now pay later. 10% deposit and no service fee applies to 36 month interest bearing loans.

Benefits of v12.

Increased spending power and competitive credit offers mean you can afford to buy what you want, when you want
spread the cost of your purchases over a convenient period
Regular monthly repayments to help you budget more easily leave your savings in the bank
Hassle free, straight forward, fast credit.

Applying for finance through v12 is simple and straightforward, whether you're making a purchase in a retail shop,
on a website or over the phone it only takes a few minutes to complete your application and we can give you an immediate decision so you can complete your purchase there and then. The following credit products are available through our vast network of retailers.

Most do not require a deposit to be paid, and unlike other credit products available elsewhere, there are no additional fees or surcharges.

Buy now Pay Later

One of the most popular options: buy now and pay up to 12 months later, without paying any interest.
Customers have the safety net option to settle at the end of the deferred period - Typical 29.8% APR
10% deposit
£20 service fee.

Classic Credit (Fixed Term Personal Loan)

Simple low cost finance options, with fixed monthly repayments
Allows you to control your budget with regular payments
Available over 36 months
APR's 19.9%
10% deposit
No service fee.

Frequent Q & A's Why has my application been referred?

In most cases we are able to make a decision based on the application details submitted.
However there are some occasions when we require either further information about you or we need to re-confirm some of the original information supplied in order for the correct decision to be made on the application.
In all cases please ensure that the information requested on the credit application is correct and up-to-date.

Why was I declined?

Unfortunately due to the data protection laws v12 are not given the reason why a customer is declined for credit.
However if you wish to find out more about your credit status we advise that you contact the consumer credit agency,
Experian or Equifax. Their website addresses are; www.experian.co.uk www.equifax.co.uk

What is the deferred period on my credit agreement? The deferred period is the period where no payments are requested by the finance company.
However during that period if you wish to make payments to the credit balance you can by contacting the finance company directly.

Hitachi Capital Consumer Finance
2 Apex View
Leeds
West Yorkshire
LS11 9BH
Tel: 0870 850 8116

Clode Retail Finance
19-20 Neptune Court
Vanguard Way
Cardiff
CF24 5PJ
Tel: 08701 608806

If I make a payment during the deferred period, will I be charged anything extra?

No, during the deferred period on a buy now pay later credit agreement you have the option of paying as little or as much as you wish. If you pay off the entire credit amount before the end of the deferred period then you will incur no interest or charges

When will I start making the direct debit payment and will I be notified?

The finance company will send you a welcome letter advising you of their contact details and when the first direct debit payment is due.

I want to make a payment on my credit agreement, how can I do this?

To make a payment on your credit agreement you will need to contact the relevant finance company that your agreement is underwritten by. These contact details would have been sent to you by post.

I have lost my order reference number, how can I retrieve it?

You can Contact Us here to request your order reference number.
You will need to provide us with your full name, address including post-code and date of birth.
I have changed my mind and wish to cancel my credit agreement, how can I do this?
If you no longer wish to purchase the goods and therefore wish to cancel your credit agreement please contact the retailer with whom you originally placed the order.
The retailer will then arrange to cancel the agreement with v12.

Can I change my agreement if I decide to purchase another product?

If you decide to purchase another product for a different order value then we will have to process a replacement credit agreement for the new product.
We will then require a new credit agreement to be signed and returned to v12.
Please note; that processing a replacement credit agreement does not always guarantee a credit accept.

V12finance.com - Calculation Examples

Buy Now Pay Later

Our Buy Now Pay Later scheme (BNPL) is the ideal way to buy your Alloy Wheels and Modofication products. With the
exception of a 10% deposit, you can purchase and enjoy the benefits of any eligible product or combination of
products from our portfolio NOW and make no further payments for 12 whole months.

Plus, it’s now available on purchases of just £500 or more.

How does it work? Provided you settle the full balance (after 10% deposit) before your first instalment, due in
12 months time, then no interest charges will be incurred. However, if you choose not to settle within the 12
month deferred period, then you will incur charges for credit.

The example below, based on a cash price of£1199.99, explains this:

Example: Buy Now Pay 12 Months later
This is a Buy Now Pay Later agreement. You will initially only have to pay a 10% deposit, with the balance
payable before your first instalment due in 12 months time in order to incur no interest charges.

Cash price (inc. delivery & VAT) £1,199.99

Deposit (10%) £120.00
Amount of loan £1,079.99
Interest/Total Charge for credit £920.53
Total amount payable £2,120.52
Balance payable (if not settled within 12 months) £2,000.52
Excluding Optional Payment Protection Insurance
36 monthly repayments of £55.57
APR 29.8%
Including Optional Payment Protection Insurance

36 monthly repayments of £64.46

If the Amount of Loan of £1079.99 is paid before the first instalment due in 12 months time then no charges for credit will be incurred.
Life insurance is free during the deferred period when optional Payment Protection Insurance is selected.

Written quotation available on request

Classic Credit

LOW COST CLASSIC FINANCE 24 MONTHLY PAYMENTS AT 19.9% APR ON ALL PURCHASES ABOVE £300

For customers who prefer to opt for a traditional credit package, our Low Cost Classic Finance product offers the ideal solution.
Classic Finance is a no nonsense, straight forward, interest bearing personal loan which allows you to spread the cost of your
purchase over 24 equal monthly payments, at a low APR of 19.8%. It’s available on purchases of £300 or more.

Here's a typical example based on a cash price of £1199.99:

Cash price (inc. delivery & VAT) £1,199.99

Deposit (10%) £120.00
Amount of loan £1,079.99
Interest/Total Charge for credit £218.17
Total amount payable £1,418.16
Balance payable £1,298.16
Excluding Optional Payment Protection Insurance
24 monthly repayments of £54.09
APR 19.9%
Including Optional Payment Protection Insurance

24 monthly repayments of £62.74

We are licensed credit brokers. Credit is subject to status and written quotations are available on request.
Terms & Conditions apply to optional Payment Protection Insurance