The Secure Trust Bank Lending Reference Rate was established from 1 September 2015 and is used as a basis for pricing variable rate lending on our Real Estate Finance and Commercial Owner-Occupied Mortgage Products and for pricing Interest for our V12 Vehicle Finance Stock Funding product. This rate is determined at the sole discretion of Secure Trust Bank to take account of its Cost of Funds, and may vary at any time and from time to time.
| Percentage | Effective from |
|---|---|
| 6.60% | 1 September 2024 |
| Percentage | Effective from |
|---|---|
| 6.85% | 10 August 2023 |
| 6.60% | 3 July 2023 |
| 6.10% | 15 May 2023 |
| 5.85% | 3 April 2023 |
| 5.60% | 9 February 2023 |
| 5.10% | 3 January 2023 |
| 4.60% | 10 November 2022 |
| 3.85% | 10 October 2022 |
| 3.35% | 1 September 2022 |
| 2.60% | 1 June 2022 |
| 2.35% | 1 April 2022 |
| 2.10% | 1 March 2022 |
| 2.00% | 1 April 2020 |
| 2.25% | 2 August 2018 |
| 2.00% | 1 September 2015 |
How CDL Vehicle Information Services Limited processes your personal information
How CDL Vehicle Information Services Limited processes your personal information
| Identity of Data Controllers: |
Secure Trust Bank PLC ("STB") as joint Data Controller with CDL Vehicle Information Services Limited ("CDL VIS") |
| CDL VIS Representative: |
Data Protection Officer at dataprotection@cdl.co.uk |
|
Permitted Purpose: |
For CDL VIS to provide the vehicle asset registration services, a database of lenders with hire purchase agreements related to vehicles and a finance asset management system which it amends and updates with changes to the lenders' interests in the vehicles; To safeguard STB's interests in vehicles, including:
|
| Legal basis of processing: |
To protect the legitimate interests of STB in the particular vehicle. To provide vehicle asset registration services to businesses and consumers to prevent fraud, to provide information to potential purchasers of vehicles and to encourage trust and confidence in the purchase of vehicles. |
| The categories of personal data: |
Identification numbers relating to vehicles (including vehicle registration marks and vehicle identification numbers) and information about finance agreements with data subjects. |
| Recipients/categories of recipients of personal data: |
STB, CDL VIS, CDL VIS's associates and subcontractors, other lenders, traders, intermediaries, insurers. |
| Period of storage: |
Where there has been an asset registration check(s) carried out on the vehicle which has revealed that there is outstanding finance, the personal data is retained from the date the vehicle ceases to be subject to finance for a period of seven years (this is subject to STB informing CDL VIS that the vehicle has ceased to be subject to finance). Where there has been no asset registration check(s) carried out on the vehicle no personal data is retained from the date STB informs CDL VIS that the vehicle has ceased to be subject to finance otherwise the personal data will be retained and used in subsequent asset registration checks. |
| Originating source of Personal Data: |
Data supplied by STB to CDL VIS. |
| CDL VIS privacy policy |
www.cdl.co.uk/160/document/CDL_Privacy_Policy-Cheshire_Datasystems_Ltd.html |
Thank you for contacting us
Thank you for getting in touch with V12 Vehicle Finance. A member of the team will be in touch with your shortly.
Personal Contract Purchase
Why PCP?
V12 Vehicle Finance Personal Contract Purchase (PCP) can help you buy your next car with lower monthly payments than Hire Purchase (HP) over a similar term. Unlike Hire Purchase, you won’t be paying off the full value of the vehicle. At the end of your PCP agreement, there will be a final payment called the Guaranteed Future Value (GFV). This is the amount we forecast your vehicle will be worth at the end of your agreement, subject to:
- The mileage not exceeding the limit we agreed with you at the beginning of the contract
- The condition of the vehicle at contract end click here to see our Wear and Tear Guide
You won’t automatically own your car at the end of your agreement but instead you can select from one of three options:
Part Exchange
If the value of your vehicle exceeds the GFV amount, you can use the difference as a deposit towards another car. Your supplying dealer can help you with the valuation of your car
Buy
Simply pay the GFV amount to own the car
Return
Agree a handover date and return the car to us. Please note that additional charges may apply if you have exceeded the agreed contracted mileage or if there is damage to the vehicle that exceeds our wear and tear conditions
