What happens if you miss a payment with Moneybarn?
If you fail to pay any sum due under your agreement on time we may charge you interest on overdue sums in accordance with the terms & conditions of the agreement. ... If you terminate your agreement and do not provide the service history required then we may charge you for the reasonable loss in value of the goods.
Can I upgrade my car with Moneybarn?
At Moneybarn we offer a 'Conditional Sale Agreement' which means we legally own the vehicle while you are paying off your vehicle finance. ... If you are looking to change or upgrade your vehicle, then you would need to repay the existing agreement amount before selling or part exchanging your vehicle.
What is a payment holiday Moneybarn?
You were offered a payment holiday as a 'temporary concession', this means the original terms of your agreement are still in place. Although we won't expect you to pay the payment holiday deferred payment(s) until you reach the end of your agreement, they will be considered as missed payments or arrears.
What type of car finance is Moneybarn?
Moneybarn uses a conditional sale agreement for car, motorbike and van finance. A conditional sale agreement means that you will have full use of the vehicle for the term of the agreement and it will be registered in your name; however, you will not own the vehicle until all repayments are made.
How do I contact Moneybarn?
You can call our Customer Services Team on 0330 555 1230, Monday to Friday: 8am-5.30pm (excluding bank holidays). You can also make a payment at any time by calling us and following the relevant options, which will take you through our automated payment service.
Does Moneybarn take your car?
Although we do not offer a 14-day cooling off period, you do have the right to withdraw from your car finance agreement with us. You do not need to give any reason, but you must withdraw from the agreement within 14 days of you receiving a signed agreement from us.
Where is Moneybarn based?
We're based in the charming Hampshire market town of Petersfield. We're just a 15-minute stroll from the centre of Petersfield.
Is Moneybarn a broker?
We're a vehicle finance lender. This means we provide you with the finance you need, by paying the dealership you choose, for the vehicle you want (if it fits within our lending criteria).