V12 Finance Options.

We've partnered with V12 Retail Finance to provide a range of finance options to suit all budgets. All bikes are available on 0% APR finance. A minimum deposit of 10% is required, with payments spread over a period of 6 – 48 months.

Gear and accessories can be purchased with finance in conjunction with a qualifying bike. Please note that the finance term is calculated by the bike value rather than the basket value.

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KLARNA

If you’re looking to split the cost over time, we have you covered. We have flexible finance options to suit all budgets so that you can buy a Momentum bike now and then pay over a range of monthly instalments. All Klarna finance options require just a 10% deposit made at the point of purchase. Please see our complete list of rates below.


  • 12-month: 0% APR
  • 24-month: 9.9% APR
  • 36-month: 9.9% APR
  • 48-month: 9.9% APR

How does Klarna financing work?



  1. Add products to your cart and head to the checkout (min spend £35).
  2. Select either 'Pay Later ' to pay in 30 days, or 'Pay Later in 3' to pay over time in 3 interest-free instalments.
  3. Your order is then complete, and will be sent to your local Momentum store for collection - we will notify you when the products are ready to be picked up.
  4. Klarna will send you an email with all the details of how to pay. It's as simple as that. For more information or to manage your Klarna account visit Klarna.com.
Pay Later

Pay Later

Make your purchase today so you can try before you buy. Only pay for what you keep. Pay up to 30 days later. No interest. No fees. No impact on your credit score. Paying after delivery is the easiest way to shop online. Pay later terms and conditions

Pay In 3

Pay In 3

The first payment is made at the point of purchase, with remaining instalments scheduled automatically every 30 days. No interest or fees. To check your eligibility, Klarna will perform a soft search with a credit reference agency. This will not affect your credit score. Pay in 3 terms and conditions

Category

FAQ'S For V12 Retail Finance

Purchasing

Can I Use Finance To Purchase A New Momentum Bike?

Anybody can use our flexible finance options, as long as they meet the following criteria; - Be at least 18 years of age - Have been a UK resident for 3 years or more - Be able to make repayments by direct debit - Be in regular employment* (minimum of 16 hours per week) including self-employment, or in permanent residence with your spouse/partner who is in regular employment.) If you meet the criteria, then there will be a full credit check upon application to assess further.

How Long Does It Take To Apply Online?

Our online application form is a fast and easy process. Once complete, your application will then be instantly sent to the finance company and they will get a response to you as soon as possible. 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.

Will V12 perform a credit check?

Yes. A credit check forms part of the automated decision making process. You will be notified at which point during the application process the credit check will take place.

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

Yes. V12 acknowledge that your circumstances change and just because we have refused a previous application, it does not mean that they will automatically turn down a further request. V12 do suggest however, that you leave at least 6 months between applications.

Cancellations & Returns

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.

What happens if I want to return an item I bought with finance?

Returns for goods purchased through finance are handled exactly the same as any other order. Simply notify us of your cancellation request via our online form and we will process the cancellation within 3-5 days - any payments you have made will be automatically refunded.

How do I ask a question about my credit agreement?

If you have a question, require further information or if there is anything you do not understand regarding the credit agreement, please call V12 Retail Finance on 029 2046 8900 or seek free, independent advice from organisations such as the Citizen Advice Bureau or the Money Advice Service.

Can I pay my agreement off early?

Yes. You have the right to repay all or part of the credit early at any time – you should contact V12 Retail Finance for details of the process by phone, e-mail or letter at the following; Telephone: 029 2046 8900 Email: customerservices@v12finance.com Address: V12 Retail Finance Limited 20 Neptune Court Vanguard Way Cardiff CF24 5PJ

Process

Can I use finance to purchase a sale bike?

Unfortunately, we do not offer sale bikes with 0% APR finance at the moment, although we do occasionally run limited-time offers in which this may become available.

How does financing work?

Finance is available on selected products ordered through our website, provided by V12 Retail Finance. The finance offers available are product specific and are displayed on eligible products. When you proceed with your order, simply choose V12 Retail Finance at the checkout and you will be redirected to the V12 website to complete your application. If you have any questions or problems with your application you can contact V12 Retail Finance. If your application is successful, your order will be confirmed to Giant - we will contact you by email to let you know your order is proceeding. If your application is unsuccessful, V12 Retail Finance will inform you and your order will be automatically cancelled.

When do my repayments start?

You don't make any payments until you have collected your items. Your first payment is approximately 30 days from the point of acceptance, but dependent on when you collect your items. For first payment date details please refer to your credit agreement, online V12 portal or contact V12 Retail Finance directly.

Do I need a deposit?

Yes - the minimum deposit is 10% of the product value, however you can enter any deposit you wish up to 50%. This can be entered at the checkout stage once you've added the bike to your basket.

My application was declined, can I discuss this with Momentum?

Applications and the final decision are dealt with solely by V12 Retail Finance, so we are unable to provide any information on specific cases or reasons for being declined. If you wish to discuss this further, please contact V12 Retail Finance directly.

Collections

My order is ready for collection - what ID do I need to bring?

For fraud prevention and security reasons, we ask that you bring a copy of your credit agreement (an online copy is acceptable), Passport or Drivers licence, a utility bill with the same address as the order (no less than 3 months old) and the card you used to place the deposit (the last 4 digits need to match).

Can a friend or family member make the collection for me?

Unfortunately not, for fraud prevention and security reasons we can only hand over the bike to the person with the credit agreement and passes the identification checks.

Status disclosures

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 Retail Finance. If your application is successful you will enter into a Credit Agreement with V12 Retail Finance.


Representative Example;


  • Total amount of credit: £3,299
  • Interest rate 0% fixed
  • Duration of loan: 24 months
  • Deposit amount (10%): £330
  • 23 monthly payments of £123.71
  • 1 final payment of £123.67
  • Total amount payable £3,299


  • Total amount of credit: £1,699.32
  • Interest rate 9.9% APR
  • Duration of loan: 24 months
  • Deposit amount (10%): £169
  • 24 monthly payments of £70.25
  • Total amount payable £1,855.00
  • Total interest £155.68


Credit is available subject to status to UK residents aged 18 or over. Giant UK LTD. acts as a credit broker and not as a lender and is registered in England 2167762. Registered office: Charnwood Edge, Syston Road, Cossington, Leicestershire, LE7 4UZ. Giant UK Ltd act as a credit broker, not the lender and only offers credit products from Secure Trust Bank PLC trading as V12 Retail Finance. Credit provided is subject to status and minimum spend applies. Not all products offered by Secure Trust Bank PLC are regulated by the Financial Conduct Authority.

Category

About Klarna

History

Who are Klarna?

Klarna are a Swedish payment service provider that takes end-to-end responsibility for your payment.

Klarna have a relentless focus on creating the best shopping experience in the world. They believe payments are so much more than just a way to send money. That’s why their smooth checkout options give you more time and control so you can focus on the things you love.

  • More than 90 million shoppers are using Klarna.
  • 200,000 retailers are working with Klarna worldwide.
  • They are one Europe’s largest banks and have been powering online checkouts for over 15 years.

Please spend responsibly. Borrowing more than you can afford could seriously affect your financial status. Make sure you can afford to make your monthly repayments on time.

Momentum is not a lender and acts only as an introducer. The credit product is provided by Klarna Bank AB (publ). Credit is only available to permanent UK residents aged 18 and over, depending on their status. Terms and conditions apply. Please note that Pay in 30 days and Pay in 3 instalments are not regulated by the FCA.

Payments

How does pay later work?

Once you've chosen the 'pay later' option at checkout and the order is confirmed, you'll receive an email from Klarna within two days outlining the payment instructions. From the email, you receive 30 days to try your order and only pay when you're happy with the products.

What happens if I don't pay within 30 days?

To help you pay on time, Klarna will alert you two days before payment is due and, if very late, they’ll also send you a text or letter too. If you fail to pay Klarna for your order, your credit score will be affected.

Pay later - When can I pay?

You can pay for the order at any point after receiving the email, as long as its within the 30 day window.

How does pay later in 3 work?

Pay later in 3 will allow you to spread the cost of your purchase over 3 equal payments. The payment for each instalment will automatically be collected from the debit or credit card you entered at checkout. Your first instalment will be collected when your order is confirmed by Momentum and instalments 2 and 3 are scheduled 30 and 60 days later, respectively.

Can I make payments before the due dates?

In the Klarna app, you’ll have the option to pay off a single instalment or even the entire balance earlier if preferred.

I've changed my card details, what happens to my payments?

Klarna will automatically attempt to collect your payment for your Pay later in 3 purchase from the debit or credit card used at checkout. If they’re unable to collect your payment on the scheduled due date, Klarna will make one more attempt to automatically collect payment two days later. If this last payment attempt fails, Klarna will issue you a statement for the full outstanding order amount, which will become payable 15 days later. Klarna will notify you when a payment is due two days ahead of attempting to collect your payment.

Eligibility

Am I eligible for Klarna?

To qualify for Klarna products, you will need to be at least 18 years old, have a UK payment credit or debit card, and have a UK residential address.

Does Klarna make a credit check against me?

No, Pay Later and Pay Later in 3 do not require any credit checks. Klarna perform a 'soft search' to establish affordability, however this is not visible on your credit file.

Klarna's Policies and Terms & Conditions

Klarna's Privacy Policy

To offer you Klarna’s payment options, we will pass to Klarna certain aspects of your personal information, such as contact and order details, for Klarna to assess whether you qualify for their payment options and to tailor the payment options for you.

General information on Klarna you can find here. Your personal data is handled in accordance with applicable data protection law and in accordance with the information in Klarna’s privacy policy.

Klarna's Terms & Conditions

In cooperation with Klarna Bank AB (publ), Sveavägen 46, 111 34 Stockholm, Sweden, we offer you the following payment options. Payment is to be made to Klarna:

- Pay Later 30

- Pay in 3 instalments

- Pay Now

Further information and Klarna’s user terms you can find here. General information on Klarna can be found here. Your personal data is handled in accordance with applicable data protection law and in accordance with the information in Klarnas privacy statement.

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 Klarna. If your application is successful you will enter into a Credit Agreement with Klarna.


Representative Example;

  • Total amount of credit: £2500
  • Interest rate 0% fixed
  • Duration of loan: 12 months
  • Deposit amount (10%): £250
  • 12 monthly payments of £187.50
  • Total amount payable £2500


Credit is available subject to status to UK residents aged 18 or over. Momentum. acts as a credit broker and not as a lender and is registered in England 2167762. Registered office: Charnwood Edge, Syston Road, Cossington, Leicestershire, LE7 4UZ. Momentum act as a credit broker, not the lender and only offers credit products from Klarna Bank AB. Credit provided is subject to status and minimum spend.