V12VF | Consumer Duty | April 23 - Flipbook - Page 8
The product(s) features and criteria are designed to support these needs.
The Finance Agreement
PRODUCT FEATURES
V12VF Prime HP
Agreement term length
Contractual annual mileage
24 to 60 months
None
Deposit required
No minimum or maximum
Minimum Loan Amount
£3,000
£55,000
V12VF Prime PCP
24 to 48 months
6,000 to 30,000 per annum
No minimum
40% maximum
Maximum Loan Amount
Maximum LTV
Allowance of other value-added products on loan
agreement
Subject to credit and affordability assessments of the customer
Up to 120% of our Retail Valuation
Warranty (including roadside assistance), paint protection, seat protection.
See 8.1
Additional add-ons to sale price
Dealer fitted accessories, car tax, delivery cost of car to customer, administration or dealer fee.
See 8.2
Fixed monthly repayments
Ability to reduce monthly repayments.
See 10.1
Ownership of car during agreement
Ownership of car at end of agreement
Option to Part Exchange car at dealer at end of
agreement
Yes
Yes, overpayments can be made as partial early settlements. The overpayment plus any rebate of interest (if applicable) may reduce
future monthly repayments. The term length remains as per the original agreement.
No, V12VF buys the car from the distributor and owns for the duration of the finance agreement.
Yes, customer owns the car when monthly repayments have been made in full,
which includes a £10 option to purchase fee in the final payment
which includes a £10 option to purchase fee (OTPF) and the
Guaranteed Minimum Future Value (GMFV) in the final payment
Customer owns the car, so can part-exchange for replacement car
at dealer.
Customer can arrange with dealer to pay the final payment (GMFV
& OTPF) to V12VF.
(No V12VF involvement)
Customers responsibility for the full amount due to be paid.
Back to Contents
Company Confidential