Question on V12 finance

MoneySaverUK

I've just applied for V12 finance to buy a bike. I opted for the conservative 36 month option as the monthly payments are extremely easy to manage. I haven't been accepted as yet so have not had the chance to read the T&Cs relating to the agreement, so I thought I'd ask a question here.

If I'm able to pay off the balance before the end of the agreement, will I be offered a settlement amount in order to save money in interest?

I had a quick look on their website FAQs and it mentioned about increasing a monthly payment but the following months payments would stay the same but that doesn't really answer my question.

Thanks for any help

StopIt

Um, I hate to say it, but you need to read the T&C's for information about settlement, including early repayment fees etc.


You likely can but every agreement is different.

DCFC79

Read your agreement, it's what it's there for.

MoneySaverUK

Thanks for the replies.

As I mentioned, my application is yet to be accepted, so there is no agreement as yet.

Just thought I'd ask here as someone may have experience of V12.

MEM62

MoneySaverUK wrote: »

Thanks for the replies.

As I mentioned, my application is yet to be accepted, so there is no agreement as yet.

Just thought I'd ask here as someone may have experience of V12.

The terms and conditions should be supplied to you when you make the application so they will be available to you already. Why would you apply for finance without knowing the T's & C's?