Terms & Conditions
Rates available from 10.90% APR; 10.90% APR Representative.
Finance is provided by MotoNovo Finance Limited, company no. 11556144, registered in Wales at One Central Square, Cardiff, CF10 1FS. Authorised and regulated by the Financial Conduct Authority under FRN 827851.
All applications for credit are subject to eligibility and affordability criteria. The rate shown may not be the rate you are offered. MotoNovo interest rates start from 5.32% Fixed / 10.90% APR.
MotoGB Ltd is authorised and regulated by the Financial Conduct Authority FCA 661247 and acts as a credit broker not a lender.
MotoGB will receive a commission from the finance company for introducing the transaction. You can ask them to tell you the amount of that commission.
Why Motor Finance?
Taking out motor finance means you don't have to pay the entire cost of the vehicle in full before you drive it away.
This is because the finance company purchases the vehicle on your behalf and then you repay the amount borrowed with
interest. And so instead of paying the full amount upfront, you can choose to pay monthly, which helps you spread the
cost of a new or used vehicle.
There are different types of finance products available to suit your personal circumstances and each work slightly
differently.
About Personal Contract Purchase
A Personal Contract Purchase is a flexible and popular choice, as you can keep your monthly repayments lower by
deferring a significant proportion of the amount of credit to the final payment at the end of the agreement. This means
you may be able to afford a better vehicle than you thought possible.
At the start of the agreement the finance company sets a guaranteed future value (GFV) for your vehicle. You pay a
deposit and then make the monthly repayments on the balance of the loan, plus the interest charges, minus the guaranteed
future value. At the end of the agreement you have three options:
Pay the guaranteed future value and the vehicle is yours, or
Hand back the vehicle with nothing more to pay, or
Part exchange the vehicle and use any equity as a deposit on your next vehicle.
We recommend viewing the product video for further information on this finance product.
This product is ideal if you:
Want the choice to purchase a more expensive vehicle with a lower monthly payment than a traditional hire purchase agreement.
Like to change your vehicle frequently and drive the latest models.
Want to budget and stick to a fixed monthly amount, as your repayments will be fixed for the term of your agreement.
Want a guaranteed future value for your vehicle at the end of the agreement.
Are looking for a new or used vehicle, as the product is applicable to both.
Think you may want to settle your agreement early and part exchange the vehicle for a newer model.
Things you need to know:
A significant proportion of the credit is deferred to the end of the agreement, so you should budget for this if you want to own the vehicle.
You set your expected annual mileage and this affects your monthly repayments and also the guaranteed future value. If you go over the expected mileage then excess charges will apply.
Additional charges will also apply if you hand back the vehicle in a poor condition.
You cannot sell or give the vehicle away until you have made all repayments under the agreement.
Your vehicle is at risk of repossession if you do not make the contractual repayments.
And finally...
You must be at least 18 years of age to apply.
You must have fully comprehensive insurance.
You must be the registered keeper of the vehicle and keep it in your possession for the term of the agreement. You cannot obtain motor finance in your name for someone else.
HP (Hire Purchase)
Monthly Payments:
Customer Deposit:
Dealer Contribution:
APR:
Fixed Rate Of Interest:
Total Price:
£3649.00
Amount Of Credit:
Terms:
Total Amount Payable:
Terms & Conditions
Cash Price £3649.00. Total Deposit .
Total Amount of Credit . Payments of . Duration of Agreement is . Fees of £1.00 are included
in the payments shown. Total Amount Payable is . Annual Fixed Interest Rate of
%. Actual rate will be adjusted to include the deferred final payment. APR %.
Finance is provided by Motonovo Finance, One Central Square, Cardiff, CF10 1FS. This is not a commitment to lend
and applications are subject to an underwriting decision.
MotoNovo Finance limited. Registered in Wales under Company No 11556144. Registered Office: One Central Square, Cardiff,
Wales, United Kingdom, CF10 1FS. Authorised and regulated by the Financial Conduct Authority. Indemnities may be
required in certain circumstances. Finance is only available to UK residents aged 18 or over, subject to status.Terms
and Conditions apply. On a PCP product you do not have to pay the Final Payment ONLY if you return the vehicle at the
end of the agreement, you have paid all other amounts due, the vehicle is in good condition and has been serviced in
accordance with the service book. Excess Mileage charges may apply along with other terms and conditions, which will be
contained within the finance agreement. MotoGB Limited is authorised and regulated by the Financial Conduct Authority (FCA 661247) and acts as a credit broker and not a lender. We may receive commission from the lender that does not affect the amount you pay under your credit agreement. Please ask if you need more information.
Why Motor Finance?
Taking out motor finance means you don't have to pay the entire cost of the vehicle in full before you drive it away.
This is because the finance company purchases the vehicle on your behalf and then you repay the amount borrowed with
interest. And so instead of paying the full amount upfront, you can choose to pay monthly, which helps you spread the
cost of a new or used vehicle.
There are different types of finance products available to suit your personal circumstances and each work slightly
differently.
About Hire Purchase
A Hire Purchase agreement could help you buy the vehicle of your dreams by spreading the cost over an agreed term. You
will pay an initial deposit, sign the agreement documents then you’re free to drive away your new vehicle. After you’ve
made all the agreed monthly payments the vehicle is yours.
We recommend viewing the product video for further information on this finance product.
This product is ideal if you:
Want to own the vehicle outright at the end of the loan agreement.
Want to budget and stick to a fixed monthly amount, as your repayments will be fixed for the term of your agreement.
Want to set the term agreement between 1 and 5 years, as the choice is yours.
Are looking for a new or used vehicle, as the product is applicable to both.
Think you may pay the full agreement early, as you will get a rebate on any future interest payment.
Things you need to know:
You have protection under the Consumer Credit Act Termination Rights and protection under the Consumer Rights Act.
Your vehicle is at risk of repossession if you do not make the contractual repayments.
You have no protection against depreciation as a result of an unexpected fall in the value of the vehicle.
You cannot sell or give the vehicle away until you have made all repayments under the agreement.
And finally...
You must be at least 18 years of age to apply.
You must have fully comprehensive insurance.
You must be the registered keeper of the vehicle and keep it in your possession for the term of the agreement. You cannot obtain motor finance in your name for someone else.
