Number Plate Finance
If you really want to put that private registration plate on your car but don’t have access to a lump sum to pay for it, then a number plate finance package might help you to fund that one-off purchase.
At New Reg, we like to make obtaining a personalised number plate affordable for as many people as possible, which is why we can arrange private number plate finance through Klarna, a specialist finance provider.
Taking out a personalised number plate finance agreement means, quite simply, that you - or a loved one - could be driving around with that dream number plate far sooner than you may have thought.
A range of personal finance options help you to spread the cost of this purchase. Paying for your number plate over a longer period of time means you can obtain that cherished registration mark now, while paying a realistic monthly sum that you can afford.
If you’re interested in obtaining a quote for number plate finance, then look out for the “Finance” button next to the private registration that you’re interested in. If you click on this, you can then apply for finance as part of the checkout process - simply select “Finance” when asked for your chosen method of payment.
Once your order with us here at New Reg is complete, you will be automatically taken to Klarna’s own website to finish the finance application. You can opt to take out a repayment agreement over a time period of 12, 24, 36 or 48 months, so it’s up to you whether you’ll have fully paid for your new number plate in one, two, three or four years’ time.
Klarna will then handle your finance application, so they’ll complete all the required credit and eligibility checks. Acceptance is subject to satisfactory results and references, and whether you’re accepted for credit depends on a number of factors. The application can be completed in a matter of minutes, and successful applications will be processed in eight working hours or less.
A Swedish payment service company, Klarna takes over the finance package from beginning to end. They operate their one smooth payment system that’s in use with over 100,000 online retailers. Klarna has to date securely and successfully processed payments for more than 60 million customers from across the world.
New Reg acts only as an intermediary for car registration plate finance. The credit options offered are supplied by Klarna. As such, Klarna rather than New Reg makes the decision on whether to approve the credit application. Once you’ve completed your New Reg order, you then deal directly with Klarna, and should therefore address any queries regarding your finance to them.
Klarna will advise you regarding the date of your first monthly payment, which would normally be within 30 days of your order being placed with New Reg. Monthly repayments would then be taken via direct debit from your nominated bank account.
Eligibility
To be accepted for finance, you should be 18 years old or over. You should be resident in the UK with a minimum of three years’ continuous address history, and hold a UK-based bank account that can process direct debit payments. The registration documents would need to be sent to the same address as the billing address for your credit or debit card. You must also either be in full-time employment or have a civil partner or spouse who is employed on a full-time basis; the only exception when this does not apply is for those who are retired.
