Here at Dales Bike Centre we know it's an agonisingly long wait filling that demejohn with enough pound coins to pay for your shiny new bike. We've invested a lot of time to team up with the best bike finance products on the market with the V12 finance company.
Finance can be applied for online or in store with an instant decision from V12. The whole process takes around 15 minutes to complete, there’s no paperwork or form filling in and copies of your agreement are emailed.
Can anyone apply?
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?
'Ride it Away' finance is essentially designed for new bikes but we can offer this option on any of our bike shop products over the price of £500
How much can I borrow?
The amount you can borrow depends on your individual circumstances. Finance is available in our Bike Shop on products with a minimum purchase amount of £500 and maximum purchase amount of £15,000. Use the Finance Calculator to work out how much you can afford to borrow.
Is a deposit required?
Yes, a minimum 10% deposit is required which must be paid for using a chip and PIN 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?
Call in and speak to Stu or Ben in the Bike Shop who will clearly guide you through the process. It is possible to apply on line, drop us an email and we'll send you the link. Finance is subject to status.
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.
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.