V12 Procedure Guide - Flipbook - Page 5
Procedure Guide
Procedure Guide
Product Guidelines and Criteria
Value Added Products (VAPs)
Customer Status
We can fund the following products up to their respective individual amounts as shown.
Age
21 – 75 (aged 80 by the end of the agreement)
Residency Status
Homeowner or tenant, must have 3 years traceable residency
in the UK
Driving Licence
Requirement
Employment
Status
£1,000
Must be a full UK driving licence holder
Warranty
and Roadside
Assistance
• Permanent employment (full or part time)
Seat/Paint
Protection
£500
GAP Insurance
£700
• Minimum time in job: If less than 3 months further
underwriting checks required. 6 months working on
contract if employed by an agency
• Self Employed (minimum 12 months)
NB If customer is a director of a LTD company and there are less than 3 directors
(one of which is the customer) the customer will be classed as self-employed
• In receipt of benefits
• Retired
Finance
HP
PCP
Minimum
Advance
£3,000
£3,000
Maximum
Advance
£55,000
£55,000
Term of
Agreement
• Minimum 24 months
• Minimum 24 months
• Maximum 60 months
• Maximum 48 months
(can have 50 months, 54
months etc.)
(Can have 30 months, 32
months etc)
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*Note: We will allow for a maximum funding amount of £1000 across all our eligible value
added products on any one deal. This requirement will be checked at the point of pay-out
and will result in a re-sign if the £1000 limit is exceeded.
Value Added Products – Eligible Suppliers
We can only accept VAPs on a customer agreement where they originate from one of the
following suppliers shown:
Warranty and
Roadside
Assistance
AA, RAC, Greenflag, Car Care Plan, Auto Protect, The
Warranty Group, RAC Warranty, Network Q Warranty, Motor
Easy, Warranty Direct, Click 4 Warranty, Customer Protect,
Momentum Warranties, AA Warranty, Warranty First, BNP
Paribas, Auto Guard, WMS Group Warranty
Seat and Paint
Protection
Diamond Brite, SuperGuard, Gard X, Williams Paint Protection,
Gen-3 Glasscoat, Scotts Safeguard Paint Protection, AutoGlym
Lifeshine
Gap Insurance
Click 4 Gap, ALA Gap Insurance, AXA France, BNP Paribas,
Autoprotect, RAC
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