Private Plate Finance

Private plate finance is a great way to spread the cost of buying a private plate. To make it easy, we’ve teamed up with both Deko and Klarna to offer you convenient payment plan options.

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Private Plate Finance with Deko

We’ve teamed up with Deko whose technology lets you apply for and complete a loan application quickly, easily and informatively.

Deko is a credit broker, not a lender. Deko’s secure technology helps put you in touch with lenders whose finance options are best suited for you and your purchase.

Simply add the items you love to your basket. Once you are at the checkout select the finance option that suits you and choose Deko. The quick application form is simple and should take no more than a couple of minutes to complete and you will receive a decision instantly. Easy!

Check your eligibility

You will only be considered for number plate finance if you:

• Are at least 18 years old
• You’re in paid employment or have a regular income (minimum 16 hours per week or £5,000 per annum, unless you are retired and receiving a private / company pension or in receipt of disability allowance)
• Are a permanent UK resident and have lived in the UK for at least 3 years.
• Have a UK bank account capable of accepting Direct Debits
• Have a good credit history with no late payments, debt relief orders, County Court Judgment (CCJs), Individual Voluntary Arrangement (IVAs) or bankruptcies.
• Provide an email address so your documentation can be emailed to you.

Our Deko payment plan options

We offer a range of interest bearing finance options to help you spread the cost of your purchase over 24 to 48 months. The value of the loan needs to be between £250 and £15,000 and you can choose a deposit of up to 50% of the value of the goods.

Finance Calculation - Representative example

Use the finance calculator on the Plate Details page to check the impact of various loan values, terms and interest rates on the total amount you need to pay and the monthly repayments.

Paying with finance

Simply choose your desired private plate and select the Deko Finance option on the checkout payment page. You’ll then be taken to the application form, which takes just a few minutes to complete.

Search our vast amount of private plates available with finance and click the ‘Pay Monthly’ button to start.

Use of your personal data

In order to process your application, you will be asked to provide information about your personal, employment and financial situation. Deko will need to share your personal data with the lenders so that they can make a decision about whether to offer you finance. The lenders will perform a search with one or more Credit Reference Agencies to conduct their creditworthiness and affordability assessment to help them make their decision. Therefore, if the first lender is not able to lend to you, then the second search of your credit file will be undertaken by Deko’s alternative lender.

You can find out more about how Deko uses and protect your personal data in their Privacy Policy: Deko Privacy Policy

Your lender will provide you with a copy of their Privacy Policy with your loan documents.

Deko’s registered office address is: 100 Liverpool Street, London, EC2M 2AT

Finance decision

Your application will be assessed based on eligibility, credit history and affordability and Deko will let you know the outcome in just a few seconds. It’s important to know that when applying for finance a hard credit check is made. Only you can see that a ‘soft’ search has been made on your credit file, but a ‘hard’ credit check will be visible to others viewing your credit file, for example if you apply for credit in the future, the lender will see that a credit check was made on your credit file.

If you don’t meet the first lender’s criteria, then Deko will pass your application to another lender from their panel who may be able to lend to you.

Once approved, Deko will let you know who the lender is and how to contact them. You then just need to digitally sign your credit agreement, pay your deposit and wait for your order to arrive.

In a few cases, your application may be referred to a lender for manual assessment and you’ll be notified by email of the credit decision within 24 hours. If you’re not approved for finance it could be for a variety of reasons and the lender will be able to give you more information.

Repaying the loan

Your first direct debit payment will be taken approximately 30 days after you receive your purchase. This will show on your statement as a payment to your lender. You have the right to repay all or part of the loan early at any time.

The exact date of your first repayment will be set out in your credit agreement.

Cancellation

There is a 14-day cooling off period where you can withdraw from the credit agreement after signing your documents. If you wish to do this please contact us (your retailer) directly. We can cancel the application on your behalf. There is no need to contact Deko or your lender.

A payment plan does not affect our standard Terms & Conditions for Buyers. Just contact us and we’ll cancel your application and the lender will refund your deposit and let you know of any outstanding balance if applicable.

For any other questions, please contact us.

The Private Plate Company Limited is a credit broker, not a lender and is authorised and regulated by the Financial Conduct Authority (FCA FRN 626923). We do not charge you for credit broking services. We act as a credit intermediary and will introduce you to Finance available from a number of our partner lenders. Finance is only available to permanent UK residents aged 18+, subject to status, terms and conditions apply.

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Private Plate Finance With Klarna

It’s all about smoooth (yes, with 3 ooo’s). Klarna is Europe’s leading payments provider and a newly-licensed bank, which wants to revolutionise the payment experience for shoppers and merchants alike. Founded in Stockholm, Sweden, in 2005, the fintech unicorn gives online consumers the option to Pay now, Pay later or over time - offering a trusted, frictionless and smoooth checkout experience. Klarna works with over 130,000 merchants, including Topshop, Swoon, ASOS and JD Sports in the UK, to offer payment solutions to users across Europe and North America. Klarna has 2,500 employees and is active in 14 countries.

Klarna Bank AB (publ) is authorised and regulated by the Swedish Financial Supervisory Authority. Deemed authorised by the Prudential Regulation Authority. Subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. Details of the Temporary Permissions Regime, which allows EEA-based firms to operate in the UK for a limited period while seeking full authorisation, are available on the Financial Conduct Authority’s website. Registered office: Sveavägen 46, SE-111 34 Stockholm, Sweden. Corporation ID number: 556737-0431.

The Private Plate Company is an introducer of unregulated credit products provided exclusively by Klarna Bank AB (publ). Finance is only available to permanent UK residents aged 18+, subject to status, terms and conditions apply.

Klarna Finance FAQs

See our FAQ pages for further information about Klarna finance:

Pay Later in 3 interest free instalments
Pay Over Time 12/24/36 month financing.