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Ride it away - V12 Finance

0% Finance / Buy Now Pay Later FAQ

Whether you are looking to buy your first bike or add another to your growing collection, Ride it away cycle finance makes buying a bike instantly affordable.


Who is eligible?

There are certain criteria you have to meet to apply for finance:
• 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.

Please be aware that even if you meet all these criteria you may still be declined.


What can I buy on finance?

Finance is available on any products including bikes, accessories and clothing.


How much can I borrow?

The amount you can borrow depends on your individual circumstances. Finance is typically available on products with a minimum purchase amount of £250 and maximum purchase amount of £15000. Buy now, Pay Later with a minimum purchase amount of £1000 and a maximum purchase amount of £15000.

Use the Finance Calculator below to work out how much you can afford to borrow.


How much will it cost?

The Finance options are 0% APR over varying periods from 6 months - 36 months. So long as you can keep up with your monthly payments, you will be paying no more than your total order cost.


Is a deposit required?

Yes, a minimum 10% deposit is required which must be paid for using a debit or credit card. The deposit can be increased to lower the finance amount and your monthly repayments.


How are 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.


Who provides the finance?

Finance is provided by V12 Retail Finance Limited, who are owned by Secure Trust Bank PLC, registered in England and Wales 541132. Registered office is One Arleston Way, Solihull, B90 4LH.


How do I apply for finance?

Finance is subject to status.

The Ride it away cycle finance application process only takes several minutes in store or via email with an quick online application and you could be riding away the bicycle and accessories you have always wanted the same day.


What if my application is declined

If your credit application is declined you will have to process the order with a different payment method.


Can I pay off my loan early?

You can settle your loan agreement at any time. Simply contact V12 Retail Finance on customerservices@v12finance.com and they will calculate and send you your settlement figure. Your settlement figure and date are calculated in line with the Consumer Credit Act.


What if I can’t afford a repayment?

If you are unable to make one of your monthly repayments please contact V12 Retail Finance directly.


Finance Calculator