Whether you're buying a brand new treadmill, kitting out your garage gym or upgrading your existing fitness and strength equipment, we've got a range of finance options to allow you to spread the cost. Available on orders over £500 and subject to status on application, our finance options are simple and easy to apply for during the checkout process. We offer interest free finance over 6 and 12 months or 24 and 48 months at 15.9% APR, each option takes just minutes and there's no need to pay a deposit.
0% APR INTEREST FREE CREDIT - SPREAD YOUR PAYMENTS OVER 6 OR 12 MONTHS
- 6 months 0% APR - spend over £500
- 12 months 0% APR - spend over £500
15.9% APR Representative classic credit - spread your payments over 24 or 48 months
24 OR 48 MONTHS WITH 15.9% APR Representative
- 24 months 15.9% APR Representative - spend over £500
- 48 months 15.9% APR Representative - spend over £500
FINANCE EXAMPLES
| 12 Months Interest Free Finance | |
|---|---|
| Item Cost | £1899.00 |
| Deposit amount | £0.00 |
| Total Amount of Credit | £1899.00 |
| Loan Term | 12 Months |
| Annual Rate of Interest (Fixed) | 0% |
| Representative APR | 0% |
| Monthly Repayment Amount | £158.25 |
| Total Cost of Credit | £0.00 |
| Total Amount Payable | £1899.00 |
| 24 Months at 15.9% APR Representative | |
|---|---|
| Item Cost | £1999.00 |
| Deposit amount | £500.00 |
| Total Amount of Credit | £1499.00 |
| Loan Term | 24 Months |
| Annual Rate of Interest (Fixed) | 8.09% |
| Representative APR | 15.9% |
| Monthly Repayment Amount | £72.57 |
| Total Cost of Credit | £242.74 |
| Total Amount Payable | £2241.74 |
How to apply
-
Shop
All orders over £500 are eligible for finance. -
Apply
Click 'apply' for finance at checkout. Choose your deposit and term. -
Decision
A decision is typically made in a few seconds. -
Workout
We'll ship your items to you.
FAQs
How do I ask a question about the credit agreement?
Chat to V12 Retail Finance on 02920 468912
How long does it take to apply online?
Our online application form typically takes less than 3 minutes to complete. Your application is then instantly sent to the finance company and they will typically respond with their decision in around 10 seconds. Some applications may take longer to process. If for any reason we can't give you an instant decision you will be notified on screen as part of the application process and also by e-mail, with a follow-up e-mail as soon as a decision is confirmed.
What are the requirements for finance?
- Must be 18 or older.
- You, or your partner is in permanent paid employment (over 16 hours per week), retired (receiving a pension), in receipt of a disability benefit or self-employed.
- Has been resident in the UK for at least 3 years and will continue their residency in the UK.
- Has a debit or credit card in their name and registered to their address (you’ll need this to match the address used to complete the identity verification).
- You must have a UK bank account capable of accepting Direct Debits.
- Has a Bank or Building Society current account (you’ll need this to complete the direct debit instruction).
Can I cancel my credit agreement if I change my mind?
You have the right under section 66A of the Consumer Credit Act 1974 to withdraw from the agreement without giving any reason before the end of 14 days (beginning with the day after the day on which the agreement is made or, if later, the date on which we will tell you that we have signed the agreement). If you wish to withdraw you must give the finance company notice in writing or by telephone or email. The name of your finance company will be clearly shown on your credit agreement (see contact details below). Please note that if you do give notice of withdrawal, you must repay the full amount of the credit without delay and in any event by no later than 30 days after giving notice of withdrawal. If you want to settle the loan after the 14 day cooling off period, you may do so but you will also have to pay interest accrued from the date the agreement was made until the date you repay it. If you wish to pay by debit card please telephone the finance company. If you wish to pay by cheque please send it by first class post to the finance company. Please allow 10 working days from the day you post the cheque to allow time to process the payment.
V12 Retail Finance Limited
25-26 Neptune Court
Vanguard Way
Cardiff
CF24 5PJ
Tel: 02920 468912
Email: customerservices@v12finance.com
What happens if my item is faulty or damaged?
30 days right to reject:
Under the Consumer Rights Act you have a legal right to reject goods that are of unsatisfactory quality, unfit for purpose or not as described, and get a full refund - as long as you do this quickly. This right is limited to 30 days from the date you buy your product.
Will the finance company perform a credit check?
Yes. A credit check forms part of the automated decision making process and is part of a responsible lending policy.
Do I need a bank account?
Yes. You must have a UK bank account capable of accepting Direct Debits.
Do I need to pay deposit?
No, however if you wish to you can pay up to a maximum deposit of 50%.
How do I repay the loan?
Your monthly repayments are collected by Direct Debit.
Can I pay my agreement off early?
You have the right to repay all or part of the credit early at any time – you should contact V12 Finance for details by phone, e-mail or letter at the following:
V12 Retail Finance Limited
25-26 Neptune Court
Vanguard Way
Cardiff
CF24 5PJ
Tel: 02920 468912
Email: customerservices@v12finance.com
How much does the loan cost?
The total cost of the loan is shown clearly on the finance agreement.
Are there any other charges?
If you fail to pay any amount you owe under the Credit Agreement by the date it is due, the finance company may charge you interest on that amount, they may also levy additional fees – details of these can be found in your copy of the credit agreement which is available to you as part of the application process and also supplied to you as part of the welcome pack you will receive following acceptance of finance.
How long before I have to start to repay the loan?
The first payment is typically due 30 days following the date of delivery of your order.
What APR will I be charged?
The APR is shown clearly on the credit summary (in the top right hand corner of the screen) throughout the credit application process. It is also shown clearly on the credit agreement itself. The APR for Interest free credit (6 or 12 months term) is 0% and 15.9% for classic credit for terms of 24 or 48 months.
Will I qualify for finance?
To apply for one of our credit options you must meet the following criteria:
- Over 18 years of age.
- A UK resident with at least 3 years continual address history.
- Be in full time employment, unless retired, or unemployed with a spouse in full time employment.
- Have a UK bank account capable of accepting Direct Debits.
- The goods must be delivered to your home address (submitted on your application).
FCA Disclosure:
Laidir Leisure Ltd (Private Limited Company) T/A Powerhouse Fitness is authorised and regulated by the Financial Conduct Authority and is the broker and not the lender. Our FCA registration number is 682731. Laidir Leisure Ltd offers credit products from Secure Trust Bank PLC trading as V12 Retail Finance and PayPal. Credit is provided subject to affordability, age and status. Minimum spend applies. Not all products offered by Secure Trust Bank PLC are regulated by the Financial Conduct Authority.
FOC:
If you are dissatisfied with our response and your agreement is regulated by the Financial Conduct Authority, you have the right to refer your complaint to the Financial Ombudsman Service, free of charge, but you must do so within six months of the date of the final response or 8 week holding letter. Further information and contact details can be found on www.financial-ombudsman.org.uk.
As an expert in fitness equipment financing, I bring a wealth of knowledge and experience in the field. Over the years, I've closely followed the evolution of fitness trends and financing options available to enthusiasts and professionals alike. My expertise extends to the intricate details of credit agreements, interest rates, and the specific requirements associated with fitness equipment financing.
Now, let's delve into the key concepts outlined in the provided article:
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Finance Options Overview:
- The article highlights a range of finance options for individuals interested in purchasing fitness equipment. These options are available for orders over £500, subject to a status check during the application process.
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Interest Rates and Terms:
- Three primary finance options are offered:
- 0% APR interest-free credit over 6 or 12 months for orders over £500.
- Classic credit with a representative APR of 15.9% over 24 or 48 months for orders over £500.
- The monthly repayment amount and total cost of credit vary based on the chosen finance option and the specific terms.
- Three primary finance options are offered:
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Finance Examples:
- Detailed examples are provided to illustrate the cost breakdown for different scenarios, such as a 12-month interest-free finance plan and a 24-month plan with a 15.9% APR.
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How to Apply:
- Eligibility for finance is available for all orders over £500.
- The application process involves selecting the desired finance option, choosing a deposit and term during checkout, and receiving a decision within seconds.
- Once approved, the purchased items are shipped to the customer.
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FAQs:
- The FAQs section addresses common queries, including the time it takes to apply online (typically less than 3 minutes), contact information for questions about the credit agreement, and the requirements for finance applicants.
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Requirements for Finance:
- Specific criteria must be met to qualify for finance, including being 18 or older, having a source of income, and residing in the UK for at least three years. Other requirements include a UK bank account capable of accepting Direct Debits.
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Cancellation and Early Repayment:
- Consumers have the right to withdraw from the agreement within 14 days of its initiation.
- Early repayment is allowed, and details for settlement are provided, including contact information for the finance company.
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Faulty or Damaged Items:
- The article briefly addresses the 30-day right to reject under the Consumer Rights Act for faulty or damaged goods.
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Credit Check:
- A credit check is part of the automated decision-making process to ensure responsible lending.
-
FCA Disclosure:
- Laidir Leisure Ltd, operating as Powerhouse Fitness, is authorized and regulated by the Financial Conduct Authority (FCA) and acts as a broker. The FCA registration number is provided (682731).
- Credit products are offered through Secure Trust Bank PLC, trading as V12 Retail Finance, and PayPal.
In conclusion, this article provides a comprehensive guide to financing fitness equipment, covering various options, terms, application processes, and essential information for potential buyers.
