Enthusiastic would-be car builders have been given a boost by the news that Caterham Cars will now offer approved finance on self-assembly versions of its iconic Seven for the first time ever.
The British sportscar maker previously offered finance on fully built or pre-owned Sevens only, but have now extended the Caterham Finance scheme to Sevens bough in self-assembly kit form.
Caterham Finance on a self-assembly Seven is available over a 48 month period. For the Seven 160 model this would work out at a deposit of £3,099, monthly payments of £279 at 19.5% APR Representative, and a final payment of £6,399. In addition to the Seven 160, the Seven 270, Seven 360, and Seven 420 models are all available in self-assembly form. Self-assembly saves around £3,000 compared to buying a factory-assembled model, with the manufacturer saying the process should take 80-100 hours with the finished product requiring an Individual Vehicle Approval test before registration with the DVLA.
David Ridley, Caterham Cars Chief Commercial Officer, said: “There has been an increase in customers wishing to build their own Seven in recent years. We are delighted to be able to provide a finance facility to these customers, making owning and building a new Caterham even more attainable.”
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