Finance Options

Rutland Cycling offers flexible online finance options, so you can spread the cost of bikes and cycling gear you want to buy immediately, over a time period to suit your budget. Our finance is supplied by V12 Finance, who will provide you with a decision in seconds.

Which products can I buy on finance?

In our shops: finance options are at the discretion of our store managers. Scroll down to see which forms of ID you’ll need to bring.

On rutlandcycling.com: any product over £280 qualifies for finance. Products over £500 qualify for interest free finance.

Please note that we reserve the right to exclude certain products from finance packages. Finance is not available for ex-demo and ex-hire bikes, or in conjunction with any other offer or voucher code. Clearance bikes may be allowed on finance at our discretion, so it is worth speaking to us first: call 01572 737 626 or email enquiries@rutlandcycling.com.

How do I apply?

Choose your product(s) and add them to your basket. Once you’ve added your chosen products to your basket, simply complete a brief on-line application form accessed via the ‘checkout’.

Add the bike(s) or other cycling gear you wish to buy to your basket. Once the basket value is over £500, you will be able to select Finance as a payment option at checkout.
Follow the simple instructions, entering your personal details as required on V12’s secure server, and we’ll do the rest. Obviously, online finance is only one option and should you prefer to make a full payment, you can checkout in the normal way and pay by credit/debit card or PayPal.

Example of 0% (representative) finance

Buy a bike for £500, on 6 months interest free credit. Pay an initial deposit of £50, then spread the balance over 6 monthly payments like this:

Total goods price: £500

Deposit amount: £50

Loan amount: £450

5 monthly instalments of: £75

Final month instalment of: £75

Total price paid: £500

• £280-499.99 qualifies for 24 & 36 months interest bearing credit (Typical APR 15.9%)
• £500 TO £1199.99 qualifies for 6 months interest free credit
• £1200.00 to £1499.99 qualifies for 6 & 9 months interest free credit
• £1500.00 to £1999.99 qualifies for 6,9 & 12 months interest free credit
• £2000.00 to £2499.99 qualifies for 6,9,12 & 18 months interest free credit
• £2500.00 + qualifies for 6,9,12,18 & 24 months interest free credit

Your questions answered!

How quickly will my application be approved?

All finance decisions will be made within a few minutes. Once you are approved, we will contact you (during working hours Monday to Friday) to arrange delivery.

Will you credit score me and if so, what does this mean?

Credit scoring is the process used by financial services companies to evaluate the credit risk of new applicants.
This technique will be applied to your application for online finance. Credit scoring works by awarding points for
each answer given on the application form such as age, income and occupation, together with information obtained from credit reference agencies.
This information allows us to produce consistent decisions, ensuring all our applicants are treated fairly.
Credit scoring does not discriminate on the grounds of sex, race, religion, disability or colour.

If you decline/refuse my application, what is the reason? In addition to credit scoring, confirmation of your identity,
validation of certain application details, existing commitments and information held at the credit reference agencies are all taken into account.
Though you will not be provided with a main reason for decline of your application, it is usually based on one, or a combination of the following:

• Your credit score (note that every finance company will score you differently)
• Adverse credit reference agency information
• You are considered to be overcommitted
• You are aged under 18
• Your existing account performance with other lenders

What type of information do credit reference agencies hold about me?

Some of the information is public information, for example electoral roll, County Court Judgements and bankruptcies.
Other lenders may also file information about accounts you hold with them for instance this could include your payment history and outstanding balance on these accounts.
Any requests for credit, where a credit reference search has been undertaken, will also be filed, although the result of the request is not recorded.

How do I obtain a copy of this information?

The two main UK credit reference agencies are Experian and Equifax. Both agencies will provide details of the information they hold about you. To obtain this information, send a cheque for £2, made payable to the relevant agency, together with details of all addresses at which you have lived over the last 6 years, to:

Consumer Help Desk
Experian LTD P.O. Box 8000 Nottingham NG1 5GX

Equifax Department 1E P.O. Box 3001 Glasgow G81 2DT

You can also find out more about credit decisions by visiting the above companies’ websites: Experian and Equifax. If you believe that the information they hold about you is incorrect, you can ask the agency to correct it.

Who is my finance actually with?

We source the best value finance products from providers who excel in customer service.
Your finance agreement will be with one of the UK’s leading finance houses.

If my application is not successful, can I re-apply?

Yes. We acknowledge that your circumstances change and just because a previous application has been refused, it does not mean that a further request will be automatically turned down. We do suggest, however, that you leave at least 3 months between applications.

Who is eligible to apply for online finance?

To apply for online finance, you must be between the ages of 18 and 75, work at least 16 hours a week, or be retired with an income. You must also be a resident of the United Kingdom and have lived in the UK for the last three years or more. Unfortunately, online finance cannot be offered to residents of Eire. Homemakers aren’t excluded from application under their own names; however the employment details of your spouse will be required in order to process your application.

We cannot accept finance in conjuction with any other offer, voucher codes or discounts. If you have a valid offer/voucher, this can still be used separately.

Can I request delivery to an address other than my home?

In order to safeguard against fraudulent applications, we regret that we’re only able to deliver goods to the home address of the applicant.

Can I change my order in part or whole after applying for online finance?

To ensure your chosen products are correctly delivered to you, if you need to change your order in any way,
we will need to cancel your order and re-key it as if it were new.
We apologise for any inconvenience this may cause. If you’ve already received confirmation of approval for online finance via Rutland Cycling,
by the time you decide to change your order, then the decision will stand from your original application so long as the order value has not increased.
If however, you then go on to make subsequent orders funded via online finance, then each will be treated as a new application and will be processed in the normal way.

Are the goods I’ve ordered set aside for me until the approval process is complete?

We don’t allocate your order until we know your credit application has been approved, so there’s a very small chance that the item you’ve ordered becomes out of stock while we’re awaiting your approval. In this unlikely event, we will offer you an alternative or cancel the agreement.

What if I still need assistance after reading the information in this section?
Simply raise a ticket in the CONTACT US section of the website and tell us how we can help.
A customer services advisor or a member of our online finance team will get back to you as soon as possible with an answer to your question.

In-store applications

For in-store V12 applications, you will need to bring one of the following as proof of address:

• A valid UK driving licence
• 
Bank statement (not internet statement)
• Credit card statement (not internet statement)
• Gas, Water or electricity bill
• Mortgage statement
• Landline telephone bill (not mobile)

Please note: With the exception of the driving licence, the forms should be dated in the last 3 months.

Rutland Cycling is a licensed credit broker “Licence Number 495345″. Credit is subject to status and available to permanent UK residents only. Finance will be provided by V-12 Holdings Limited trading as v12Finance.com. Registered in England Number 04585692. Registered Office: V-12 Holdings Limited, Unit 20, Neptune Court, Vanguard Way, Cardiff, South Glamorgan, CF24 5PJ. The retailer is Rutland Cycling. Written terms available on request.