Partner finance promotions

PFPS are delivered via ActSmart's retail finance programme, which now encompasses over 900 retailers nationwide and is the largest scheme of its type.

Suppliers will need to consider the following to meet their individual objectives:

What brand ranges, product ranges or individual models do you wish to promote?

• Suppliers can create a retail promotion on any of their brands or selected products 
• Any consumer loan amounts apply from £250 to £15,000

What APR and payment term do you want to use?

• APR options can be selected from 0%, 4.9%, 9.9% and 15.9%
• Repayment periods between 6 - 36 months are available

What percentage of the retailers subsidy you wish to fund?

• Suppliers confirm the level of contribution that they would like to make towards the retailer's finance subsidy costs

The duration of the promotion?

• The start and finish dates of the promotion

Which retailers you would you like to invite to participate?

• To participate your retailers need to be ActSmart Gold subscribers and be accepted to offer retail finance by V12 Retail Finance.

Suppliers dictate the products, the finance promotion, the timescale and the dealers who may participate. Use the PFPS calculator to help determine what APR, terms and percentage of the subsidy works best for you.   

Use the calculator

How do the subsidy contributions work?
At the close of the promotion you will receive a subsidy contribution statement for credit, minimising the cost of promotion to your retail partners.

You raise a credit note on the retailers account for total subsidy contribution value at end of the promotion. Net cost to you is therefore reduced by profit on subsequent transactions.

Enabling a consumer to spread the cost of a purchase is one of the most powerful sales tools available to retailers. It can be used to:

• Convert sales
• Add more accessories into the mix
• Upsell price points
• Sell through old ranges without retail discounting

Click here to read more about retail finance.

Suppliers can create any promotions they wish using the APRs and payment terms available. The most common are:

• 0% over a 12 month term; 0% over an 18 month term - typically with the supplier funding up to 50% of the subsidy
• 0% over a 24 month term, with the retailer funding the initial 12 months subsidy and the supplier funding the cost of the additional 12 month period

Retail finance is available in the cycles, outdoor pursuits and snowsports market represented by the consumer facing brands Ride it away and Take it outdoors.

Participating retailers can be promoted on supplier websites and consumer awareness will be assisted by listing the brand promotion and participating retailers via rideitaway.co.uk and takeitoutdoors.co.uk.

What if some of our dealers aren't using V12 retail finance?
Retailers can access V12 retail finance by becoming a Gold ActSmart subscriber. Depending on the promotions you are offering (anything other than 0% over 6, 10 or 12 months), retailers may also be required to have FCA authorisation.

Can a supplier change the timescale of the promotion once live?
Suppliers can shorten or extend the length of the promotion by submitting a written application to info@actsmart.biz but suppliers must notify their dealers directly of any change.

What if a retailer forgets to enter the promotional code?
If the promotional code is not entered at point of sale the transaction will not be recorded as part of the promotion and no subsidy contribution will be payable to the retailer.

What if a retailer enters the promotional code against the wrong brand/product?
Suppliers will be supplied with full transaction details with the end of promotion subsidy report, allowing them to verify that only the correct goods have been included. These are the same product details that appear on the consumers finance agreement, which they sign and agree to as being the goods they have purchased on finance.

Why do retailers and suppliers need to be ActSmart Gold subscribers to participate?
ActSmart has invested significantly in developing finance schemes and promotions with V12 for the outdoors pursuits market, the creation of these promotions is free of charge and ActSmart uses subscription fees to assist in covering their costs.

If you have any further questions about partner finance promotions please contact us. 

Partner finance promotions are available to suppliers, distributors and manufacturers in the Cycles, Snowsports and Outdoor Pursuits sectors who have a Gold ActSmart subscription.

The administration fee payable to ActSmart will be 0.5% of the paid out loan value of the scheme.

Only retail outlets on the Ride it away or Take it outdoor networks are eligible to participate in a partner finance promotions.

Click here to join ActSmart or login to My ActSmart to upgrade your subscription.

• Contact us to request the Partner Finance Promotion application form. By emailing us your information you are agreeing to the privacy policy.
• Once the promotion and participating dealers have been verified, suppliers will be provided with a V12 promotional code
• Suppliers need to communicate the details of the promotion and V12 promotional code to all participating retailers, along with the promotion start and end date
• Participating retailers simply enter the promotional code to the V12 finance system at point of sale
• At the end of the promotion the total subsidy costs for the promotional goods in all participating stores is reported to the supplier and each retailer
• The supplier raises a credit note against each retailer's account to cover their agreed contribution towards the subsidy
• Any consumer advertising is the responsibility of the supplier, to enhance and support promotion we have a range of fully compliant finance point of sale material available for retailers to order