Market leading finance provider for the bike sector, V12 Finance, will be exhibiting at this year’s Cycle show, NEC Birmingham.
V12 Retail Finance is one of the UK’s specialist providers of Retail Point of Sale Credit, providing finance to customers of its retail partners for over 20 years.
V12 delivers a consumer facing brand in partnership with ACT which provides customers with finance options that are suitable to them when making a purchase from an IBD, called Ride It Away. The finance options offered by the store can be applied for there and then, meaning customers can ride their new bike away the same day. V12’s partnership with ACT for the Ride It Away scheme means that independent bike retailers benefit from being an ACT member and a V12 Retail Finance partner.
Based on the last four quarters’ results from FLA, V12 Finance is number one in the cycle sector, and holds half of the market share for retail finance online credit agreements in the UK.
V12 has been supporting ACT and IBDs for the last five years. Its sector-specific policy has made Ride It Away available to retailers that otherwise may not have managed to get access to finance. Over this time the V12 and ACT partnership has strengthened and is now available in nearly 800 businesses throughout the UK.
Eleanor Richards, Customer Communications Manager at V12 Finance, said: “The fact that IBDs have been able to benefit from the same retail finance scheme as large corporate businesses is something both we and the ACT are very proud of.”
V12 will be attending the Cycle Show this week, with a team of finance experts available on its stand (M78). A finance surgery will be held at 2:45 on Thursday afternoon where retailers can come and hear information from the team on the benefits of finance and how it can help their business grow.