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Term & Conditions for Finance

Richardson's Cycles have teamed up with V12 Retail Finance Limited ("V12") to offer our customers an affordable and flexible way to pay on finance. V12 is a specialist provider of Retail Point of Sale Credit, providing finance options for more than 20 years through its industry leading online paperless processing system.

If your application is successful, you will enter into a Credit Agreement with Secure Trust Bank Plc (V12's parent company) which will be administered by V12. V12 is authorised and regulated by the Financial Conduct Authority. Secure Trust Bank Plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 204550.

HOW TO ORDER WITH FINANCE

To order using finance, simply add your chosen products from this website to your shopping cart and checkout in the normal way (subject to minimum order value),  then choose the finance payment option to apply for finance online, you will then be directed to the V12 Retail Finance Limited website to start your finance application.

MINIMUM VALUE

The minimum order value to apply for finance on this website is £500.

DEPOSIT

You will be required to pay a minimum of 10% deposit based on the total order value, this can be paid by credit or debit card.

PURCHASE EXAMPLE

Order Value: £2,000.00
Deposit: £200.00
Duration of Agreement: 24 months
Amount of Credit: £1,800.00
Rate of Interest (Fixed): 0% pa
24 Monthly Payments: £75.00 0% APR Representative

YOUR REQUIREMENTS

You will need to be:

  • 18 years or older
  • A UK resident for 3 years or more/Permanent UK resident.
  • Able to make regular repayments by Direct Debit.
  • In regular employment (minimum of 16 hours per week) including self-employment, or in a permanent residence with your spouse/partner who's in regular employment.  If you are retired and receive a pension, or registered disabled and unable to work, V12 Retail Finance may ask for proof of sufficient income.
  • Have a debit card or credit card in your name and registered to your address and have a bank or building society current account.

Finance is subject to status. From time to time, we may vary the terms of our finance offer at our discretion. To be eligible to apply for finance, you must be 18 or older, in regular employment and have been a UK resident for more than 3 years. Other conditions may apply and we cannot guarantee that your application will be accepted.  We reserve the right to withdraw finance on certain products at any time. Finance as a payment method is provided through our external partner, V12. If your application is successful you will enter into a Credit Agreement with Secure Trust Bank Plc, who is V12’s parent company.

In addition to these terms and conditions you will be required to agree to V12 Retail Finance Limited separate terms and conditions, available here

Richardsons Cycles is registered in England and Wales 124522. Registered office: Richardsons Cycles, Thorney Road, Milking Nook, Newborough, Peterborough, PE6 7PJ. Richardsons Cycles acts as a credit broker and only offers credit products from Secure Trust Bank PLC trading as V12 Retail Finance. Richardsons Cycles is authorised and regulated by the Financial Conduct Authority. Our registration number is 694918. Credit provided subject to age and status.