Spread the Cost Simply and Safely
Let Us Help Your Money Go Round
Sometimes our finances need help balancing themselves. We all go through it.
You see one of our lawn mower deals that you want to take advantage of but the cash flow doesn’t stack up. You need a new lawn tractor and trailer at once and you simply don’t want to pay with plastic. This is where MD Finance can help.
This new service from MowDirect, introduced for the benefit of our customers, helps you spread the cost of the garden equipment that you buy from us at a competitive rate of interest (19.5% APR).
Flexible and fair, you can choose to repay over 12, 24 or 36 months with a minimum spend of £300 and a maximum of £25,000 (including a minimum 10% deposit.)
Here are some essential FAQs about our finance deals on lawnmowers and other garden equipment…
How Do I Apply?
When you go to ’checkout’ you will see Finance as one of your options. Click on it and you will be taken to the appropriate page.
How Do I Qualify for Credit?
Our lenders will carry out credit checks and seek references to confirm your eligibility. To qualify, you will need to have a good credit history and no history of late repayments or defaulted payments.
Do I Have To Make A Deposit?
Yes. We need a deposit on any order made. The minimum deposit is 10% of the total borrowed.
How Much Can I Borrow?
The maximum amount you are able to borrow including your 10% deposit is £25,000. In this case your deposit would be £2,500, and your borrowed amount £22,500.
How Do I Make My Monthly Payments?
All your repayments will be made via a direct debit from the bank account you have chosen.
What Products Can I Buy On Finance?
You can apply to buy any garden machinery we sell on finance, including lawnmowers, garden tractors, chainsaws and other garden equipment, as long as your minimum spend is £300.
What Length Of Repayment Is Available?
MowDirect are happy to offer three simple finance packages on garden machinery
12 Months Classic Credit (19.5% APR)
24 Months Classic Credit (19.5% APR)
36 Months Classic Credit (19.5% APR)
Minimum deposit 10% Minimum spend £300
Can I Settle Early?
Yes, you can. We want to be as flexible as possible. You will need to contact Close Brothers Retail Finance directly 0844 880 6542 to make additional payments. Do please remember that interest rates will be adjusted accordingly.
Standard Information and Regulatory Status of P4L and Close:
Finance is available on all purchases of £300 or more. MD Finance’s online retail finance platform is powered by Pay4Later. Customer finance is provided by Close Brothers Group PLC. Credit is provided subject to status.
Close Brothers Retail Finance is a trading name of Close Brothers Limited. Close Brothers Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority – firm reference number 124750. For more information please visit www.closebrothersretailfinance.co.uk.
Representative Example of Credit
Total Product Value - £500
Less Deposit (10%) - £50
Amount of Credit - £450
Total Interest @ 19.5% - £44.88
Repayment Total - £494.88
12 Monthly Payments - £41.24
Total Payable - £544.88 (inc deposit)
No Other Charges Are Applicable.