Fixed Sum Loan Agreement
INTEREST FREE LOAN

M. Whitfield Ltd (trading as Adapt-ABILITY) will provide, at its discretion, interest free credit on selected products from its range. We require a 25% deposit of the purchase price of the goods, followed by 11 monthly instalments of the balance at 0% APR.

For example, if you were to purchase a £1000 scooter, we would require a £250 deposit, followed by 10 payments of £68.20 followed by one final payment of £68, the instalments to be paid at monthly frequencies commencing one month after the date of the Agreement.

The total amount payable under the Agreement is not greater than the total cash price of the goods.

The following conditions apply to the offer of credit:

1. The Consumer Credit Agreement must be signed on our premises by the Debtor.
2. The instalments must be paid by Standing Order from the Debtor’s bank account.
3. If the goods have a cash price of at least £500, we require that the goods must be comprehensively insured. The insurance may be added to the Debtor’s Household Policy, or we can refer you to an insurance broker if required.