V12VF | Consumer Duty | April 23 - Flipbook - Page 13
The Product(s) are not designed for the following customers:
• aged less than 21 or over 75 (at point of application)
• students and unemployed (not in receipt of benefits).
• in job less than 3 months (6 months if agency contract)
• who have been self-employed less than 12 months.
• are non-UK residents or UK residents with less than 3 years traceability.
• are without full driving licence
• those who require the vehicle for income generation (examples taxi driver, courier, delivery driver)
• those who have a near-prime or sub-prime credit score or credit history.
(A near-prime HP product is available – Moneyway HP)
• who may not be able to afford repayments (responsible lending assessment)
• unable to make personal financial assessments or decisions.
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