V12VF | Consumer Duty | April 23 - Flipbook - Page 5
3.
General product information
Target Customer
This product is targeted towards new and previous customers. There are
limits on the total overall lending we will provide to a single customer at
one time.
This product is for used cars. (For clarity, UK cars which have been First
Vehicle Condition
Registered)
Is maintenance included?
No, the customer maintains and fully insures the car.
Option to purchase
Yes, a customer can take ownership of the car, either by making a full early
settlement, or at the end of the term by making all repayments which
include a £10 option to purchase fee in the last repayment.
PCP agreements also include the Guaranteed Minimum Future Value in
the last repayment.
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