Finance options to suit you

We believe that everyone deserves to own their dream garden room.Finance Images  That’s why we have partnered with Hitachi Capital, one of the worlds largest consumer credit providers, to bring our customers some fantastic and competitive finance options. We only require a 20% deposit when choosing one of our finance options. You can then decide between paying a set monthly installment or deferring the outstanding balance amount for up to 1 year. With Hitachi you are  protected under the Consumer Credit Act 1974 and have certain rights in the unlikely event that a problem should occur and you’re not satisfied. Please read on for more information.

Interest Bearing Credit

Our interest bearing credit option (IBC) is the most cost effective way to purchase your Arctic Cabins BBQ hut. With the ability to spread the cost over 36, 60 or 120 months, and with no hidden fees or overpayment charges, it puts you in control of your monthly spending and allows you to choose the right term to suit your budget.  

How does IBC work?

With the IBC finance option you pay a minimum deposit amount of 20%, then choose a repayment period to suit you and your budget. Before applying we can show you a representative example of the monthly payment amounts for the various terms on offer. You can choose between 36 months, 60 months, or 120 months.  

What is the interest rate you offer?

We are able to offer our IBC option at a competitive rate of 8.9% APR representative. The average credit APR in the UK is around 12%. Interest is calculated daily on your outstanding balance. This means that you’re in control of the term of your loan and the total interest payable. Additional payments will reduce the term, and therefore, the total amount of interest paid.

Are there any hidden costs?

There are no hidden costs or charges when choosing our IBC option. Plus you can make overpayments whenever you like. You can also choose to settle your account at any time. Should you wish to settle early, simply call Hitachi and they will calculate your settlement figure. Paying your loan off early means that you will only pay part of the interest you would have paid if the loan has run its full term.

How long will my application take?

Typically applying for one of our finance options takes around 20 minutes. At the end of this application process you will be given a decision as to the outcome of your loan. If you are successful in your application you will receive a link via email from Hitachi to e-sign the relevant documents.

Representative Example

Loan term available 36 months, 60 months, and 120 months

Cash price £9,850.00
20% Deposit £1970.00
Outstanding Balance £7,880.00
IBC finance over 120 months (representative example only)
Monthly repayments £99.39
Total repayable £11,927.66
Total cost of interest £4,047.66

 

Available subject to status, written details available upon request.


Buy Now Pay Later

 

Need just a little more time to get your finances together? Rather keep the money in your own bank a while longer? Then our Buy Now Pay Later (BNPL) option from Hitachi Capital could be for you.

BNPL allows you to defer the outstanding balance for up to 1 year, from the installation date of your garden room. This is a good option if you are certain that you can pay off the outstanding balance within the set term.

How does BNPL work?

With the BNPL finance option you pay a minimum deposit amount of 20%, then the outstanding balance is deferred for 12 months from the installation date of your garden room.

Are there any interest or fees?

The BNPL option carries an admin fee, otherwise known as an ‘exit’ fee, of £29. This is applied by Hitachi and added to the outstanding balance.

As long as you pay off the outstanding balance in full within 12 months from your installation date there will be no interest to pay. However if you allow the term to lapse without paying off the balance then the interest that would have been accrued during the 12 month deferral period will be applied to the loan amount at rate of 19.9% APR. The remainder of the balance will then default to a loan with an interest rate calculated at 19.9% APR representative over a term of 120 months.

You can make overpayments whenever you like and clear the balance before the end of the deferment period without incurring any additional costs.

How long will my application take?

Typically applying for one of our finance options takes around 20 minutes. At the end of this application process you will be given a decision as to the outcome of your loan. If you are successful in your application you will receive a link via email from Hitachi to e-sign the relevant documents.

Representative Example:

Cash price £9,850.00
20% Deposit £1970.00
Outstanding Balance £7,880.00
BNPL option allows the balance to be deferred for 1 year from the installation date. An 'exit fee' of £29 is applied by Hitachi.
Total outstanding balance £7,909.00

Any Questions? Get In Touch