The Private Plate Co Is Now Offering Financing To Private Plate Buyers In The UK!Apart from making your car stand out, there are a lot of many other benefits that come with owning private plates. If you are thinking of customising your car with personalised plates, you may have seen that different plates come at varying costs. For example, the most sought after custom plates or even collector's plates may come at a higher cost compared to conventional private plates. If you have already searched for your preferred custom plates at The Private Plate Co and found that they were available but cannot afford to make a one-time purchase because of budgetary restrictions, you luck has changed… The Private Plate Co is now offering different financing options to buyers of custom plates!
How Does The New Private Plate Financing Model Work? As the premier platform for the retail of custom plates, The Private Plate Co has partnered with Klarna – a leading payment platform for e-commerce businesses across Europe and the UK – to make the purchase of private plates smooth, easier and more affordable. Basically, after finding your desired Private Car Reg at The Private Plate Co, you can now pay for your plates in budget-friendly instalments through Klarna. What Financing Options Does Klarna Offer? At the moment, Klarna offers two financing options to clients interested in securing custom plates through The Private Plate Co in the UK. They include: 1. Pay Later in 3 Interest-free Installments Financing Under this financing model, you can pay for your custom plates in three equal instalments. The first instalment will be collected by Klarna from your debit/credit card once your order for custom plates has been confirmed while the second and third instalments will be due after 30 and 60 days respectively. Note that this financing model does not attract any interest or penalties as long as payments are done on time. 2. Pay Over Time Financing Under this financing model, your payments for custom plates can be structured so that you are able to pay for your purchase in equal monthly instalments within a period of 12, 24 or 36 months. This financing model only attracts a record 14.9% interest rate which is way below current market rates as long as you stick to the repayment schedule. Note that if you fail to meet your repayment obligations to Klarna, your interest rates may be adjusted to reflect existing market rates. Is Financing Available To Everyone? Klarna uses complex algorithms to determine who is eligible for the financing options discussed above. Even if you have a low credit score, you may still be eligible for either of the custom plates financing options above. However, to be eligible for financing from Klarna in the UK, there are certain minimum thresholds that you must meet including: - You must be above 18 years of age - You must be a permanent resident in the UK There are also certain steps that you can take to increase your chances of receiving financing from Klarna. They include: - Ensuring that you maintain a good credit record - Providing accurate personal information when registering for the first time on Klarna - Providing correct contact information on Klarna so that they can reach you easily if there are any issues when processing your chosen financing option Don't be held back by your current financial situation if you desire to own private plates… The Private Plate Co has now made owning custom plates in the UK more affordable through their partnership with Klarna. To learn more about custom plates financing in the UK, you can visit www.theprivateplateco.co.uk/finance.
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Author - Martyn DaviesIt all started in 1993 when I was interested in buying a private number plate. That plate was MJD 611. Now, all these years later, The Private Plate Company sell around 4,000 private number plates a year and I managed to pick up "1 MJD" along the way. Archives
March 2022
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