British sportscar maker, Caterham Cars, has launched a new approved finance scheme which offers customers the chance to fund a Seven in self-assembly form for the first time ever.
Previously only available for new fully built and pre-owned Sevens, the new Caterham Finance scheme provides an accessible ownership proposition for Caterham fans wishing to build a Seven themselves.
Extending the service to customers who purchase a Seven in component form means they will benefit from the same convenient finance facility as buyers of new factory built and pre-owned vehicles from Caterham’s approved used car service, Caterham Selected.
Caterham Finance enables customers to fund the cost of a Seven over 48 months. For example, a self-assembly Seven 160 is available with a deposit of £3,099 and monthly payments of £279 at 19.5% APR Representative, equating to £65 per week, with a final payment of £6,399*†
David Ridley, Caterham Cars Chief Commercial Officer, said: “There has been an increase in customers wishing to build their own Seven in recent years. We are delighted to be able to provide a finance facility to these customers, making owning and building a new Caterham even more attainable.
“Thanks to the introduction of Caterham Finance and enduring residual values, a Seven is now an even more appealing finance purchase.”
The Seven 160, 270, 360 and 420 models are all available in self-assembly form, with factory built models costing an additional £3,000. It can take anywhere between 80 – 100 hours to build your own Caterham and upon competition the car requires an Individual Vehicle Approval (IVA) test to enable the car to be registered with the DVLA.
*Terms and Conditions apply
† £175 credit facility fee and £100 competition fee payable