BUY NOW PAY LATER ON ALL NEW ELECTRIC BIKES
With only 10% deposit (subject to status) and nothing to pay for 12 months
The checks can be made in store and can be sent electronically, on collection a form of photo ID will need to be presented. All credit offers are subject to a credit search by NOVUNA finaince part of the Mitsubishi Group. A soft search maybe able to be preformed initially to predict an outcome without effecting youur credit score.
finance in more detail
0% Finance
20% deposit required at the time of purchase and then make monthly 12 monthly instalments, incurring no interest.
Under this agreement you will pay 12 consecutive monthly payments
commencing one month after the date you collect your bike.
Subsequent payments will be due on the same date in each month. Novuna will remind you of the date, on which the first monthly payment will become due by email if you have agreed to be contacted.
Additional charges may be incured due to late payments, issue of default payments, retuned direct debits or checks etc.
You have a right to repay early at any given time.
ELIGIBILITY
In order to apply for credit you must:
Be aged 21 or over
Have a bank or building society account
Be a permanent UK resident (and have been living in the UK for at least 12 months)
Be in permanent paid employment or retired with a pension
Have a good credit history
0% FINANCE
Payments over 12 months and only 20% deposit required
Example
Purchase price £2499
Deposit required £500 (10%)
Amount of credit £1999
Duration of agreement 12 months
12 payments of £166.58
Interest £0
APR 0%
Total amount repayable £2499
Buy now - pay later
10% Deposit required at the time of purchase and pay nothing until the end of 12 months.
Your option then, is to either settle the amount outstanding in full, plus an admin fee of £29 and pay no interest, or if you choose not to pay the balance you then automatically enter into an interest paying agreement for up to 48 months which will incur interest at 14.9% APR per annum which is back dated to the start of the agreement.
At any stage during this second period you can request a settlement figure and pay the loan off early, which will reduce the amount of interest you would pay.
During the first 12 months, you are welcome to make payments to suit you, but it is not compulsory and you could pay the outstanding balance at any time to end the agreement before the end of the 12 months, should you choose to.
Many customers like to make payments during this period in order to reduce the amount outstanding at the end of the 12 month period, whereas others choose to pay nothing during this period and either settle in full after 12 months or allow it to enter the interest paying agreement as explained above.
Please note that should you not settle the outstanding amount in full before or at the end of the 12 month period, you will have incurred interest for this period, which you will then pay off over the remaining period of the agreement.
BUY NOW - PAY LATER
12 months deferred and only 10% deposit required
Pay no interest if repaid in full at any time within the first 12 months
Example
Purchase price £2499
Deposit required £250 (10%)
Amount of credit £2249
Duration of agreement 48 months
48 payments of £69.76
Interest £1099.48
APR 14.9%
Total amount repayable £3598.48
Disclosure
Credit subject to status and affordability. Terms & Conditions Apply. Top Gear Limited 11 Merchants Wharf, Commercial Road, Penryn, Cornwall, TR10 8AQ are authorised and regulated by the Financial Conduct Authority. We are a credit broker not a lender (so we cannot provide independent advice) – Credit is provided by Mitsubishi HC Capital UK PLC.