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Customer Vehicle Finance


Customer Vehicle Finance

We provide a range of both Hire Purchase (HP) and Personal Contract Purchase (PCP) (launching 2020) finance products tailored for both your Prime and Near Prime customers.

Our advanced rate-for-risk Near Prime scoring solution and Prime rate card enable you to provide the very best financing terms for all your customers. This means you no longer need to fear losing a customer as we can place the majority of your customers in a vehicle without any major delays to their credit approval decision.

Near Prime (HP)

Our Near Prime HP plan is available through our sister brand, Moneyway and offers financing terms from 24 to 48 months provided the vehicle is no older than 12 years old at the end of the agreement. To qualify for HP a vehicle must not exceed a maximum mileage of 100k miles at the beginning of the agreement.

Working with Moneyway, means you're dealing with a trusted brand that has over 12 years' experience of financing.

Why choose Moneyway for your Near Prime business?

Here are seven reasons:

  1. Eight tiers of Near-Prime rates matched to your customers' circumstances
  2. Soft search facility that won't show on your customers' credit profile until pay-out
  3. Finance deals accepted and paid out in less than one hour
  4. Competitive rates and commissions available
  5. No document fees
  6. Zero commission debit back policy
  7. We accept retired customers and those receiving state benefits

Prime (HP & PCP)

In 2020, we'll be launching our V12 Vehicle Finance Prime used car Personal Contract Purchase (PCP) and Hire Purchase (HP).

Both plans will offer advances up to £55,000 with PCP financing terms from 24 to 48 months for used vehicles up to eight years old and a maximum of 100k miles by the end of the agreement. Customers can select annual mileages starting from 9k up to 20k miles per annum.

Prime HP financing terms range from 24 to 60 months for used vehicles no older than 12 years old at the end of the agreement. To qualify for Prime HP a vehicle must not exceed a maximum mileage of 100k miles at the beginning of the agreement.

Why choose V12 Vehicle Finance - Prime PCP and HP for your business?

Here are eight great reasons:

  1. Swift underwriting decisions with prompt pay-outs, so we don't keep you or your customers waiting
  2. PCP financing up to 48 months with flexible mileage terms, starting from 9k up to 20k per annum
  3. Deposits are available, ranging from 5 to 25 per cent of invoice value
  4. Our plan covers a wide range of makes and models, providing more vehicle choice for your customers to select on your forecourts
  5. Our guaranteed future values are designed to create customer equity at the end of the contract to help you build your customer loyalty programmes
  6. Clear contract terms and conditions, to help eliminate confusion for you and your customers
  7. Flexible PCP contract end options, allowing your customers to either keep their vehicle, part-exchange, or return it (subject to mileage and condition)
  8. V12 Vehicle Finance is part of the Secure Trust Bank Group. We have the financial backing and stability to make our pricing, products and services work for you, so you know you're in safe hands

We make swift credit underwriting decisions, with the majority of customers signing e-documents. All vehicle advances are transferred promptly on a next day basis to keep your cash-flow in the right place.