Finance Explained
Steps:1. Read this document | 2. Choose the products you want | 3. Select finance as your payment method
Which finance package is right for you?
How much will it cost you?
Frequently asked questions
Which finance package is right for you? - Buy now, pay later.
If you know you will have the money to pay for your goods in a few months time, but are a little short at the moment, this is the package for you.
Once you've filled out all the paperwork and the agreement is in place you will recieve your goods. You then have 6, 9 or 12 months (depending on which package you chose) to pay back the money.
Which finance package is right for you? - Pay monthly.
If you would prefer to break down the payment for your goods into smaller, managable monthly amounts then this is the package for you.
The main disadvantage of paying monthly is that by the end of the agreement you will have paid back more money than you borrowed.
How much will it cost you? - Buy now, pay later.
Other than the administration fee (which varies depending on the length of you agreement) there is no extra cost involved in this package.
What happens if i can't pay back the money at the end of the agreement period?
If you can't pay the money back at the end of the period the finance agreement will be transfered to a Interest Bearing agreement. What this means is that you will have to make monthly payments and will be charged interest. Not only that, you will also be charged the interest for the length of the Buy now, pay later period.
In short, make sure you will have the money to pay back at the end of the agreement period. Otherwise you will have to pay back a considerable amount more.
How much will it cost you? - Pay monthly.
Each of the 3 options we offer for Pay monthly agreements include interest charges.
Here is an example of how much you would look at paying, if you financed a set of wheels costing £574.99.
Pay over 2 years = £28.78 per month
Interest is charged at 26.9%. The final amount paid will be £659.62.
Pay over 3 years = £20.87 per month
Interest is charged at 26.9%. The final amount paid will be £659.62.
Pay over 4 years = £16.97 per month
Interest is charged at 19.9%. The final amount paid will be £659.62.
Who are Able2Buy?
Able2Buy help us process your finance application over the internet.
Please send signed paperwork back with proof of ID using their freepost address.
How long have I got to return the paperwork?
Return the paperwork within 7 days to secure the price shown on the order.
As prices constantly change we cannot guarantee the price if the finance is returned after this time.
Do I have to make a deposit?
No. Unlike other lenders, our service is a zero deposit scheme
How long do I wait before I recieve my parts?
As soon as Able2Buy recieve the signed paperwork back they advise us immediately and we process the order.
Delivery times are as stated on the website, depending on the parts orders.
Why is there a finance administration charge?
The cost of finance to us has risen significantly.
To cover these increasing costs we charge a small administration fee, which varies depending on the finance package.
Can I finance more parts in the future?
Yes. Just apply again.
Can I change the parts that have been financed?
Yes. We can provide you with any parts up to the value that has been agreed
Please call 0845 3459755 and speak to one of our advisors who will be happy to help.
Can I have my parts delivered to a different adress?
No. We have to deliver all items to the address you have provided to obtain finance.
These are the rules imposed by the finance lender.
Will all my parts come at the same time?
Maybe. If you have ordered multiple items, then some items may arrive at different times, depending on the warehouse or distributor they have been ordered from.
I have a question about payments
If you have any questions regarding payment terms please call Able2Buy on 0870 1182020.
If you have any other questions please call us on 0845 3459755 or email sales@potn.com
