• Free Next Day Delivery
  • CE & UL Certified
  • 12 MONTHS WARRANTY
  • sATISFACTION gUARANTEED
  • 100% SAFE SECURE SHOPPING
  • Free Next Day Delivery
  • CE & UL Certified
  • 12 MONTHS WARRANTY
  • sATISFACTION gUARANTEED
  • 100% SAFE SECURE SHOPPING

Electric scooter financing guide

 

With a decent e-Scooter costing anywhere between £250 to £1,500, it makes sense to research the best ways of spreading the cost, to avoid a nasty shock to the bank balance and the good news is, there are plenty of financing options available to you.

 If you shop on the internet, then you will have heard of Klarna, a payment and shopping service that was founded in Sweden in 2005. Klarna gives you options to pay for your e-Scooter when and how you like. It has surged in popularity in recent years and now boasts 90 million active users worldwide.

 With Klarna’s Slice It option, you can spread the cost of your e-Scooter by paying monthly and you get 12-months interest free, so you won’t be paying any more than you would be if you made a one-off payment.

 As with any credit service, you will of course, have to undergo a credit check, but these are generally fast with Klarna. Once you are approved you can start making your payments and will receive a statement each month via e-mail. Once the 12-months interest free period comes to an end, you’ll be charged interest of 18.9% pa. Applicants must be aged 18 and over.

 If you’d rather, Klarna also allows you to split the cost into three equal payments – for this option, there is a minimum spend limit of £35 and a maximum of £800. Payments are automatically collected fro the credit or debit card that you need to input during the checkout process. You will only be charged interest (at 18.9% pa) if you pay less than the minimum amount when your repayments are due. Klarna have a reputation for offering a good level of customer service.

 PayPal Credit also allows you to spread the cost of your online purchases. You will need a PayPal account to apply for this and the minimum spend is £99. When a seller offers PayPal credit, you will see the PayPal Credit option at checkout. Click the button and you’ll be taken to an application page.

You won’t be charged any interest on the amount owed for 4 months, and after that, any remaining money owed will incur interest at 21.9% pa. With PayPal Credit, it is important that you make the minimum repayments on time, or else the agreement can be retracted and you’ll be asked to pay off the amount in full.

Online shopping credit options have boomed in recent years and there are plenty to choose from, PayPal Credit and Klarna are the most popular, but you can also choose from other options such as Payl8r.

When researching consumer credit sites, always check the terms and conditions and interest rates – Payl8r for example, will only quote interest rates, once you apply for a loan. Don’t sign on the dotted line for anything, until you have compared a range of options and chosen the one that best suits your circumstances and won’t leave you with a hefty bill once interest rates have been applied.

 

 

 

 

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