FINANCE OPTIONS

At Worcester Cycle Center we can help you buy the bicycle of your dreams much sooner than you might think! With the help of our chosen partner V12 finance, we can offer a range of 0% finance packages. We can offer offer 12 month finance on bicycles priced over £500 and 24 months on bicycles priced over £1000.

For our policy regarding finance on sale bikes & reduced products please go to the bottom of this page.

12 MONTH REPRESENTATIVE EXAMPLE

Cash price£500
  • Deposit £50
  • 12 Monthly Repayments of £37.50
  • Total Cost £500
  • 0% APR Representative

12 MONTH REPRESENTATIVE EXAMPLE

Cash price£1000
  • Deposit £100
  • 24 Monthly Repayments of £37.50
  • Total Cost £1000
  • 0% APR Representative

Am I eligible for finance?

To apply for finance you must be:

At least 18 years of age.

A permanent UK resident.

In regular employment (minimum of 16 hours per week) including self-employment, or in permanent residence with your spouse/partner who is in regular employment.

In receipt of a pension if you are retired.

Able to confirm sufficient income if you are registered disabled.

What finance options are available?

We now offer 0% finance options over 6 or 12 months as well as options over 24, Select a longer finance term and pay a larger deposit to lower the monthly repayments.

Is a deposit required
?

Yes, we require a minimum 10% deposit. Increase this to lower the finance amount and your monthly repayments.

How are my monthly payments made?

All monthly payments are paid by direct debit from your personal bank account. Typically the first payment will be due one month after the delivery of your goods, subsequent monthly payments will be due every month for the length of your agreement.

What happens if my application is approved?

Finance is subject to status. Once approved you will be able to complete your V12 Credit Agreement and electronically sign the finance documents online. We will then process your order and notify you once dispatched.

What happens if my application is declined?

If your credit application is declined you will have the option to process the order with a different payment method (Credit Card, Debit Card, PayPal).

What type of goods can I buy on finance?

Anything on our store. Please remember that the minimum order value for finance is £300.

How Do I Apply?

In Store – Visit us in store where staff will be happy to take you through the application process and a decision is normally made instantly.

Can I Pay Off My Loan Early?

You can settle your loan agreement at any time. Simply contact V12 Retail Finance and they will calculate and send you your settlement figure. Your settlement figure and date are calculated in line with the Consumer Credit Act.

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