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Can I Get Alloy Wheels on Finance?

Posted on: 25/04/2023

If you require new wheels to fit your vehicle, LK Performance is the perfect online destination to do so. With features such as our free online fitment checker, you can pinpoint the exact alloy wheel fitting from thousands of high-quality wheels from pedigree brands including Pirelli, Firestone, Continental, Michelin and Goodyear.

 

However, vehicle alloys are sometimes needed as a matter of urgency and can come at the worst time for you. The ability to pay it in smaller chunks rather than one lump sum that financially drains you is a more suitable option for many of our customers, which is why we offer alloy wheels on finance through Newpay.

 

Financing your LK Performance Alloy Wheels through NewPay is a convenient way to spread the cost of your new alloys over time. NewPay offers flexible payment terms and competitive interest rates, making it an attractive option for customers who prefer to pay for their purchases in instalments. 

 

For detailed information on LK Performance’s alloy wheels finance service, please read our technical FAQ on payment plans.

What Is the Benefit of Financing?

But before you decide to finance your new wheels, it's important to understand the benefits of financing and how it can help you. You may find that even if you aren’t looking for this option, it could benefit you in ways you didn’t previously know.

One of the biggest benefits of financing your alloy wheels is that it allows you to spread the cost over time. Rather than paying for the wheels upfront, you can make affordable monthly payments over an established period of months or years, making it easier to budget and avoid big financial shocks. Financing can also be a good option if you need to make the purchase quickly but don't have the funds available at the moment. By financing, you can get the wheels you need without having to wait until you have enough money saved up.

Financing can help you build your credit score, too. By making your payments on time every month, you can demonstrate to lenders that you are a responsible borrower, which can help when it comes time to qualify for better financing options in the future. With benefits such as lower interest rates or higher credit limits on offer, it pays to finance.

Overall, financing your alloy wheels can be a smart choice if you need to spread the cost over time, build your credit score, or take advantage of additional benefits LK Performance offers. As long as you understand the terms and conditions fully and make sure the financing option is a good fit for your budget and financial situation, financing your alloy wheels is a beneficial endeavour.

How to Pay for LK Performance Alloy Wheels on Finance

Paying for a set of alloys from our online store on finance is done by placing your item into the basket as normal. Then at the checkout, you can pay with a card or PayPal, and underneath there is a third option to finance through NewPay. Enter your vehicle registration and click on this option and you’ll be taken through the rest of the finance process.

Will I Quality For LK Performance Alloy Wheels Finance?

To qualify for financing, you'll need to provide some basic information about yourself, including your name, address, and employment status. You'll also need to undergo a credit check to ensure that you're eligible for financing. Once your application is approved, you'll be able to select a payment plan that works for you and complete your purchase. Keep in mind that financing your purchase may result in higher overall costs due to interest charges, so be sure to carefully review the terms of your financing agreement before committing to a payment plan.

Here is the full list of requirements that need to be met before starting your Newpay finance plan:

  • You must be 18 years old or over and have a regular income
  • Your order must total £100 or more
  • You must be a permanent UK resident and have lived in the UK for at least 12 months (unless you are HM Armed Forces Personnel)
  • You must have a current UK bank account capable of accepting direct debits.
  • You must have a phone number so you can be contactable.
  • You must have a valid email address so your documentation can be emailed to you.
  • You must have a good credit history with no late payments, debt relief orders, CCJs, IVAs or bankruptcies.

Using Newpay to Pay for Your Wheels Later

The flexibility and credibility of Newpay are why LK Performance chose it as a finance partner. It is a subsidiary of NewDay, a highly-reputable finance company that created and manages loyalty cards for John Lewis, AO and Argos. If their services are good enough for these colossal stores, they’re good enough for us!

In terms of payment options, Newpay allows you to pay for your alloys with flexible credit or in instalment plans. Take a look at the payment options available with Newpay here.

For more information on how to pay for LK Performance products on finances, read our technical FAQ on payment plans.

Regulatory Information

Newpay

Credit is available only to UK residents aged 18 and over. Subject to status. Terms apply.

Credit is provided by NewDay Ltd. NewDay Ltd and NewDay Cards Ltd are companies registered in England and Wales with registered numbers 7297722 and 4134880 respectively and form part of the NewDay group of companies.

The registered office for these companies is:

7 Handyside Street

London

N1C 4DA

NewDay Ltd and NewDay Cards Ltd are authorised and regulated by the Financial Conduct Authority with numbers 690292 and 682417 respectively. NewDay Ltd is also authorised by the Financial Conduct Authority under the Payment Services Regulations 2017 (Ref no: 555318) for the provision of payment services. Newpay is a trademark of NewDay Ltd.

LK Performance

LK Performance is located at the following address:

LK Performance Ltd

Unit B1 Spenbeck Business Park

Balme Road

Cleckheaton

BD19 4EW

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LK Performance Ltd is a credit broker, not a lender and is authorised and regulated by the Financial Conduct Authority (FRN 670680). We do not charge you for credit broking services. We will introduce you to Finance available from a number of our partner lenders.

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