Finance

This page contains information about the credit facilities available at PRC Direct to spread the cost of your purchase. Our finance facilities, provided by V12 Finance enable you to get credit acceptance within minutes of deciding to buy.

Finance is offered for selected online purchases only.

How to apply for credit

  • Place your order as usual by adding products to the cart and going through Checkout.
  • For orders over £400, the option to pay by finance will be available alongside payment options.
  • You then register your card details for the deposit and select one of the three finance methods.
  • You will then be taken to the V12 Finance website to apply for credit. Most of the information will be pre-filled using the details you supplied to us but you will  need to provide extra details. It is recommended you have your bank account details at hand.
  • A decision is usually made within seconds.
  • Once you have been approved for credit, you will need to sign the finance agreement. This can be printed out or you can request to be posted a copy.
Once V12 Finance has the agreement, PRC Direct will call to you to arrange delivery, take the deposit payment and despatch the items (subject to availability).          

Finance Options

1) Buy Now Pay Later - 6 or 12 Months Options

Our Buy Now Pay Later Plan is the perfect way to afford whatever you want today! This is available on most products online.
  • Minimum order value of £400
  • 10% deposit
  • No payment for 6 months or 12 months
  • No interest if settled in full within 6 months or 12 months
  • £25 (6 months) or £42 (12 months) finance administration fee paid direct to V12 Finance.

Typical example: Buy Now Pay 12 Months Later
  • Total amount payable: £1000.00
  • Pay a deposit of £100 followed by no payments for 12 months
  • Make final payment of £900 within 12 months. Total amount £1000.00.

You are not under any obligation to settle the balance in or before the 12th month and if you choose not to, you must pay 36 monthly payments of £46.64. Total amount £1888.16 at 29.8% APR

2) Classic Monthly Finance Plan: 36 months

You can also spread the cost of your purchase into variable payments.
  • Minimum order value of £400
  • 10% deposit
  • 36 monthly payments
  • 19.9% APR

Typical example:
  • Total amount payable: £1000.00

  • Pay a deposit of £100 followed by 36 monthly payments of £32.67. Total amount £1276.12 at 19.9% APR


Terms & Conditions

In order to apply for credit, you must:


  • Be at least 18 years of age and under 75 years of age.
  • Be either:
         1. in full time employment (e.g. 16 hours, or more, per week)
         2. or self-employed or retired and over 50 years of age
         3. or in receipt of an invalidity or disability allowance.
     
  • Be a UK resident for 3 years or more or provide your previous address if you have not lived at your current address for more than 3 years.
  • Be able to make repayments by direct debit.

Please note: Product availability may change during your application. Credit is subject to status and written quotations are available on request. Terms & Conditions apply.