V12VF | Consumer Duty | April 23 - Flipbook - Page 20
Our assessment concluded that the Products are designed to meet the needs of the identified target market, are sold
transparently, customers are able to exercise their right to early repayment, overpay and are properly supported
through our customer services and partner on boarding. The V12 Vehicle Finance HP and PCP Products therefore offer
fair value to customers of the identified target market (including vulnerable customers). We are also satisfied that they
will continue to do so for a reasonably foreseeable period.
8.
Value Added Products, and additional add-ons
8.1 Value-added products
V12VF does identify some value-added products as being suitable for inclusion on loans for these Products.
•
Warranty (which may include roadside assistance), up to value of £1,000.
•
Seat or Paint protection, up to value of £500.
•
Maximum fundable VAPs on an agreement is £1,000.
(Note: GAP insurance is no longer eligible for inclusion on V12VF loans)
V12VF is not the manufacturer or distributor of these value added products. However, there are requirements
(regulatory and/or of V12VF’s choosing) which you must comply with, to allow their inclusion on a V12VF loan.
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