V12VF | Consumer Duty | April 23 - Flipbook - Page 22
Eligible VAP Suppliers – Subject to satisfying the requirements to add VAPS to a V12VF loan, VAP Products from the
following suppliers can be added to a V12VF loan:
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, Warranty 2000.
Seat and Paint Protection
Diamond Brite, SuperGuard, Gard X, Williams Paint Protection, Gen-83 Glasscoat, Scotts Safeguard Paint
Protection, AutoGlym Lifeshine
Cancellation of VAPS
In such circumstances you should:
The customer can exercise their cancellation rights on the value added
product, but not on the Hire Purchase Agreement.
a)
(HPA applies to HP and PCP Products)
b)
pass funds if cancelled or unwound to V12VF who will apply as a partial
early settlement to the HP Agreement.
You inform the customer of the financial implications if the funds are not
passed to V12VF for a partial early settlement to be applied.
8.2 Add-ons to vehicle sales price
V12VF will allow the following additional items to be funded on the loan associated with these Products.
Dealer fitted accessories.
Car Tax
Delivery charge
Administration Fee/ Dealer Fee or similar – up to a maximum of £199 inc. VAT.
(Note: Fuel is no longer an acceptable addition to a V12VF loan)
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