V12VF | Consumer Duty | April 23 - Flipbook - Page 9
The Finance Agreement
PRODUCT FEATURES
V12VF Prime HP
V12VF Prime PCP
Customer can choose to hand back the car to V12VF and NOT
pay the final payment (GMFV and OTPF)
Charges may be made for damage or missing items.
Return of car at end of agreement
See 10.2
Early Settlement
Yes, the customer does have the right to return the car and not
pay the £10 Option to Purchase Fee
following an inspection using BVRLA Fair Wear & Tear Guidelines See
10.3
Excess Mileage charges may apply where over maximum mileage
allowed See 10.4
Yes, customer can make an Early Settlement, which may include a rebate of interest. On full payment of the early settlement amount, the
customer owns the car.
See 10.5
Option to Part-Exchange car at dealer
Yes, customer can request early settlement and make arrangement with dealer to settle customers account directly with V12VF. It is the
on early settlement
customers responsibility for the settlement amount and all due payments to be made
See 10.6
Voluntary Termination
Yes, customer can exercise Voluntary Termination and hand back the car to V12VF. They must have paid or remain liable for half of the
Total Amount Payable.
Charges may be made for damage or missing items, following an inspection using BVRLA Fair Wear & Tear Guidelines. See 10.3
See 10.7
(BVRLA – British Vehicle Rental and Leasing Association)
There is no charge for the inspection and collection of the car
Excess Mileage charges may apply at pence per mile where over a prorated maximum mileage allowed See 10.4
Change of mind – Right of
Withdrawal
Satisfactory Quality of car (SQ)
Yes, can withdraw from the agreement without reason within the first 14 days, ending the finance agreement.
Customer repays the Amount of Credit (loan amount) of the agreement (including any other products) and accrued interest within 30
days.
Yes, customer has SQ rights. As the lender we will work with the distributor to resolve any issues.
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