Klarna

NVM have partnered with Klarna to offer our customers great finance options.

Finance your order in 3 simple steps:
1. Select your item(s) from our vast range of performance car parts.
2. Choose the ‘Klarna’ option at the checkout (you will be re-directed to the Klarna application site).
3. Once approved you will be notified via email and your items will be dispatched from our warehouse.

‘Pay later with Klarna’ is an alternative to traditional credit but without any interest, which allows you to split purchases into 3 payments. These payments will be automatically withdrawn from the debit/credit card you have on file with us every 30 days until the full order amount has been paid. In our app, you’ll also have the option to pay off a single instalment or even the entire balance earlier if preferred. However, at this time it’s not possible to change the scheduled payment date to a later date.

If your order is eligible for ‘Pay later with Klarna’, you can select the option in the checkout and enter your debit or credit card information. When you attempt to place an order using our Split your purchase into 3 interest-free instalments with Klarna method an authorisation hold is placed on the card you have connected in the Klarna App, to reserve the funds for the first instalment.

As soon as the store ships your order, you will receive an email from Klarna outlining your payment schedule and the first payment will be taken from the reserved amount on your credit/debit card. Your purchase and payments will then be visible and manageable in your Klarna App. So make sure to download the Klarna App to stay in full control and never miss a payment!

Good to know: There is no fee to use ‘Pay later with Klarna’!

*If you do not make your full monthly payment, the interest free arrangement will cease and you’ll be required to pay interest on all future payments at 19.9% APR Representative. Missing payments can have serious consequences for you. Your credit rating may be affected which will make it more difficult or more expensive for you to obtain credit in the future.

Klarna Financing: Available on all orders over £1000
Representative APR 19.9%
Available over 12, 24, 36, 48 months
Representative example:
Amount of credit: £3000
Agreement duration: 24 months
24 monthly instalments of: £152.54
Amount of other charges for the credit: £0.00
Total amount payable: £3,660.97
Cost of credit: £660.97
Representative rate of interest (fixed): 19.9%

*Missing payments can have serious consequences for you. Your credit rating may be affected which will make it more difficult or more expensive for you to obtain credit in the future.

Borrowing more than you can afford or paying late may negatively impact your financial status and ability to obtain credit. 18+, UK residents only. Subject to status. Ts&Cs and late fees apply. 

NV Motorsport is authorised and regulated by the Financial Conduct Authority (FCA FRN 832761) and acts as a credit intermediary and not a lender, offering credit products provided exclusively by Klarna Bank AB (publ). Please note that the following products are not regulated by the FCA: [Pay in 30 days and Pay in 3 instalments]. Finance is only available to permanent UK residents aged 18+, subject to status, terms and conditions apply.

Will I be eligible for finance?
To apply for finance you must meet the following criteria:
– You must be over 18 years of age.
– You must be a UK resident with at least 3 years continual address history.
– You must be in full time employment, unless retired or a house person with a spouse in full time employment.
– You must have a UK bank account capable of accepting Direct Debits.
– The goods must be delivered to your home address where your bank account is registered.

How much can I borrow?
When checking out online, just fill out our easy online application form and you can be approved for up to £4,000 to use for the item(s) you wish to purchase. Use our calculator to determine how much you can spend based on your monthly payments. The minimum order is £1000 (including VAT).

Is a deposit required?
Yes, on all credit options a minimum of 10% deposit is payable by credit or debit card upon acceptance.

How are my monthly payments paid?
All monthly payments are paid by direct debit from your personal bank account. Typically, the first payment will be due one month after the date of the finance agreement and subsequent monthly payments will be due every month for the length of your term on that day of the month.

What length of repayment is available?
You can choose a 12, 24, 36 or 48 month loan repayment period.

Can I have my goods sent to a different address when I pay by finance?
Unfortunately not. It is a condition of the finance provider that all goods are to be delivered to the billing address on your credit application form and not a different delivery address.

Can I pay my agreement off early?
You have the right under section 94 of the Consumer Credit Act 1974 to repay early in full or in part at any point. If you wish to pay any amount early you must give notice to the credit provider. Unless you repay in full, any early repayment you make will not reduce the duration of the agreement but, if you give them notice of your intention to pay an amount early, they will recalculate the amount of the remaining monthly instalments.

How often can I take out a Credit Agreement?
Customers are only allowed 1 application in any 3 month period. Subsequent applications within this period will unfortunately be pre-declined.
NV Motorsport Limited acts as a credit intermediary and offer credit products provided exclusively by Klarna Bank AB (publ).

Klarna Bank AB (publ) is Authorised by the Swedish Financial Services Authority (Finansinspektionen) and is subject to limited regulation by the Financial Conduct Authority.

Details about the extent of our regulation by the Financial Conduct Authority are available from us on request.
Finance is only available to permanent UK residents aged >18, subject to status, terms and conditions apply.

Registered office: NV Motorsport UK, Unit 76 Percy Business Park, Rounds Green Road, Oldbury, West Midlands B69 2RE