Finance the purchase of your EV
Why use finance?
Affordable fixed rate payments
Simple application process
Quick and easy to arrange
Flexible to suit your budget
Keep your savings in the bank
Leave your credit lines open
We Are EV are an Approved Finance Dealer with MotoNovo Finance. MotoNovo Finance is a specialist motor finance provider providing finance solutions for new and used cars, motorbikes and vans across the UK. Part of the Aldermore Group, MotoNovo Finance has been providing motor finance for over 40 years. Recognised as one of the leading car finance lenders in the industry, we chose them as our sole finance provider - confident they will provide a solution to suit you.
Our finance options
Hire Purchase (HP)
Spread the cost of your car, van, or motorcycle by paying fixed monthly instalments. With terms available from 12 to 60 months and an optional deposit amount, you can choose a payment plan that suits your budget. You can also enjoy a one month payment holiday on your agreement. Interest is calculated from the day your agreement starts.
When you have paid off the finance agreement, as well as the option to purchase fee, the vehicle becomes yours.
Personal Contract Purchase (PCP)
Spread the cost of your vehicle by paying fixed monthly instalments with terms up to 48 months. This product contains a balloon payment at the end of the finance agreement, which would make the monthly instalment amounts lower than a traditional Hire Purchase (HP) agreement. This is great for customers who like to have the option to change their vehicle every 3 to 4 years.
When you have paid off the finance agreement, as well as the final balloon payment or Guaranteed Minimum Future Value (GMFV), the vehicle becomes yours. Alternatively, you can return the vehicle to the lender or use it as a part exchange against your next vehicle.
Like our traditional HP (Hire Purchase) product, you can spread the cost of the vehicle by paying fixed monthly instalments with terms up to 48 months. This product has a balloon payment at the end, which can make the monthly payments lower than our traditional HP product.
When you have paid off the finance agreement, as well as the final balloon payment or Guaranteed Minimum Future Value (GMFV), the vehicle becomes yours. Alternatively, you can use it as a part exchange against your next vehicle, subject to dealer acceptance, or refinance the balloon payment into a new HP agreement, subject to finance approval.
Initial Disclosure - This is our customer finance policy and procedure:
The Financial Conduct Authority (FCA) is the independent regulator of financial services. Use this information to
decide if our services are right for you. We Are EV Group Ltd, Brook Cottage Main Road, Easter Compton, Bristol BS35
5RH United Kingdom is authorised and regulated by the Financial Conduct Authority (our registration number is
810709 as a credit broker and is included on the Financial Services Register https://register.fca.org.uk)
Initial Disclosure Document - Consumer Credit
Your Finance Options
As an FCA-regulated credit broker we can introduce you to a selected group of lenders (a list is available on request) who may be
able to help you finance your purchase. This group of lenders provides us with a range of products which may be suitable for your
purchase. We will explain the key features of those products to you.
We do not charge fees for our Consumer Credit services but we generally receive a commission payment / fee from the lenders we
use. This amount may differ between lenders & is generally calculated as a pre-set % of the amount being financed by the
customer & is ultimately decided by the lender.
(Further information is available upon request).
Our Lenders & Business partners include: MotoNovo Finance, Close Brothers Motor Finance
We have taken steps to ensure that if, while advising you, we make a recommendation; such recommendation will be suitable for
your demands and needs at the time the recommendation is made. In assessing your demands and needs we may seek such
information about your personal circumstances and objectives as might be relevant to enable us to identify your requirements. It is
important that you provide us with accurate and relevant information.
We always aim to provide a first-class service, however if you have any cause for complaint any enquiry can be raised by
contacting us using the address and telephone number below. Should you remain dissatisfied, you have the right to ask the
Financial Ombudsman Service to review your case. You should write to the Financial Ombudsman Service: Financial Ombudsman
Service, Exchange Tower, London, E14 9SR.
As an organisation we are committed to treating our customers fairly, before, during and after a sale.
Before the sale you can expect:
To have any significant and unusual exclusions or exceptions relating to the finance agreement brought to your attention
A clear statement of price, including where applicable a breakdown of any interest charges
Details of your cancellation rights and our complaints procedure
Copies of your finance agreement documentation or information as to when these documents will be dispatched
After the sale you can expect:
Not to encounter any barriers to cancelling your finance agreement within regulatory agreed timeframes
To have any complaint dealt with in a timely and professional manner
If at any time you feel you have not been treated fairly by any member of our staff, please contact us by writing to: We Are EV
Group Ltd, Brook Cottage Main Road, Easter Compton, Bristol BS35 5RH United Kingdom or by telephone 0117 251 0015
Confidentiality and Data Protection
Your information will only be disclosed/provided to third parties for the purposes of providing, arranging, administering, and
renewing finance contract(s) and for the purposes of monitoring and/or enforcing compliance with regulatory rules/codes. For full
details of where your information will be sent and the purpose of such data transfer, please ask us.
Finance is available subject to status to UK residents aged 18 years and over. Indemnities may be required.
We may receive a commission for introducing a customer to MotoNovo Finance Ltd. We Are EV Ltd is a credit broker and not a lender. As a credit broker we are authorised and regulated by the Financial Conduct Authority (FCA). Firm Reference Number: 810709