Caterham Car Finance Has Arrived

Caterham Car Finance Has Arrived

We are very pleased to announce that we have partnered with Santander Consumer Finance to be able to offer you, for the first time, finance packages on all our road and race cars.

Through the new financing options, you are not only able to split the cost of your new vehicle into low, affordable monthly payments, but also apply this to the Caterham Academy – making taking part in the in the most successful novice driver championship in Europe more affordable than ever before.

The finance options allow for the purchase of a new Caterham Academy Package on a Conditional Sale with Balloon product at 7.9% APR representative, with the price including a whole season of racing at leading tracks across the UK including Silverstone, Brands Hatch and Knockhill. (A full finance example is included below.)

In 2020 Santander will also once again be sponsoring the Caterham Motorsport championships – the largest factory backed series in the UK for which the Academy is the entry point.

At the end of an Academy finance agreement, which includes a final balloon payment, racers are able to keep their fully road legal Caterham Seven and if they want to, upgrade their car to progress into the next championship - Caterham Roadsport!

But Academy isn’t just a race series, you'll be taken through the Association of Racing Driver School (ARDS) course, get access to seminars on vehicle set-up and exclusive test and car handling days with Caterham staff.   

The finance offer is also available on all Caterham Seven road cars, including used vehicles at a selection of UK dealers, meaning that if taking to the track isn’t for you, you can still afford your own seven.

Full Finance Example:

Cash price of vehicle

£29,995

Customer Deposit

£6,623.60

Amount of credit

£23,371.40

Interest charges

£6,025.62

 

Fixed rate of interest

4.09% p.a

Representative APR

7.9% APR

 

48 monthly payments of

£299.99

1 final balloon payment of

£14.997.50

Total amount payable

£36,020.62

Duration of the agreement

49 months

Caterham Cars Ltd. acts as a credit broker and not a lender. Finance subject to status.  Terms and conditions apply.  18s and over.  Guarantee maybe required.  Santander Consumer Finance RH1 1SR.

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