Table of Contents
Drive Now Pay Later
What Is Drive Now Pay Later?
Simply put Drive Now Pay Later allows you the chance to take driving lessons, An intensive driving course or Driving Instructor Training as soon as possible but then spread the cost between 3,6,9 or 12 months. In fact if you paid the amount within 30 days its INTEREST FREE! So all you would pay back is the original amount!
The Benefits of Drive Now Pay Later?
You don’t have to wait months or years to do the driving training so desire to. Rather than have to wait months and months to save the amount needed, you can do the training, do the driving course, get your driving licence or ADI badge and then pay for it!
Example – 30 Hour Intensive driving course
| COURSE TOTAL | £900.00 | TOTAL REPAYMENT |
| Deposit | £180.00 | |
| 52 weeks | £15.51 | £986.52 |
| 39 Weeks | £20.12 | £964.80 |
| 26 Weeks | £29.35 | £943.20 |
| 13 Weeks | £57.04 | £921.60 |
Why Do we use Payl8r?
Interested?
How does it work
Will I qualify?
Finance is subject to your ability to repay the loan.
Affordability
How do we assess your affordability?
If you fail a traditional credit check, rather than rejecting your application we may give you the option to submit your affordability instead by supplying an electronic 90 day bank statement. Basically if it shows that you have the required amount available over 3 months, that’s what we go by.
Representative Example: If you borrow £200 over 12 months at a fixed monthly interest rate of 4% and an annual rate of 48% and representative annual percentage rate of 127.34% You will pay:
Monthly payment: £24.66. Total amount you repay: £295.92 Total charge for credit: £95.92