Low deposit finance for new & used adapted vehicles
As specialist licensed credit brokers we are able to offer funding solutions on both new and pre-owned wheelchair accessible vehicles directly to those requiring the facility.
i.e. people with disabilities and their direct family members.
At Jubilee, we have firm agreements in place with major high street lenders who will sympathetically consider low deposit funding applications from people with disabilities, even where their age or condition may not permit them to seek full or part time employment. Our Mobility Vehicle Finance plans are available on both new adapted vehicles or any of our superb, 200 point quality inspected & guaranteed, low mileage pre-owned accessible vehicles.
IMPORTANT : You do NOT necessarily need to be in receipt of Disability Living Allowances to qualify for our Mobility Vehicle Finance Plans, however any allowances or pensions you may receive are taken into account. (Note : we approve well over 95% of finance applications for new or used wheelchair accessible vehicles)
You can use our FINANCE CALCULATOR below to work out the best payment plan for you.
Finance deposits on used wavs start at just £500 or less depending on the value of the vehicle and funding is available whether or not you are in receipt of Disability Living Allowance, are disabled or unable to work because of your medical condition or having to care full time for a disabled person, subject to status. The estimated weekly equivalent price quoted on individual stock vehicle listings presumes a deposit of circa 20% with monthly repayments over 60 months at a typical apr of 13.5%. Actual deposits and repayment terms may vary. Please feel free to contact us for a written quotation.
Q. Who are Raphael Finance?
A. Raphael Finance is the principal brand name for the Lending Division of R. Raphael & Sons plc (Raphaels Bank). Previously known as Southern Finance, they have financed wheelchair adapted vehicles since 2006.
Q. Who are Raphaels Bank?
A. Raphaels Bank is one of the UK’s oldest independent banks, being able to trace its origins to 1787. Today Raphaels Bank operates as a dynamic, niche savings and lending bank with a portfolio of ATMs and a well-established, market-leading Payment Services division.
Q. Is Raphaels Bank regulated?
A. Yes, Raphaels Bank is authorised by the Prudential Regulatory Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
Q. Is Raphael Finance a member of any industry trade bodies?
A. Yes, Raphael Finance is a member of both the Consumer Credit Trade Association (CCTA) and the Finance & Leasing Association (FLA) whose lending code can be inspected at www.fla.org.uk.
Q. What credit facilities and products are available?
A. Raphael Finance provides a range of hire purchase schemes for new and used vehicles including cars and motor homes adapted to transport wheelchairs and users for personal or business use.
Raphael Finance is flexible in its approach to underwriting and is able to provide finance for private individuals, groups combining allowances and business users including care homes, charities and community transport operators. Credit is provided under traditional hire purchase, where ownership of the vehicle passes to the customer upon full completion of the terms of the agreement.
Q. Is a credit scoring system used to make lending decisions?
A. No. A credit search will be undertaken, but each application is considered on an individual basis.
Q. What if I am not in full-time employment, retired or receiving allowances?
A. You do not need to be in full-time employment to apply. Your ability to meet the monthly payments is the most important factor. Raphael Finance takes its role as a responsible lender very seriously and endeavours to structure a financial repayment and term to suit your circumstances.
Q. Do I have to pay a deposit?
A. As a responsible lender, Raphael Finance will always seek to structure the transaction to suit individual circumstances, so please ask about the deposit payment applicable when making an enquiry.
Q. Over how long can I repay?
A. Loans are structured between 12 and 60 months.
Q. What are the minimum and maximum amounts I can borrow?
A. The minimum amount is £1,000 and the maximum is £150,000, although this will be linked to the affordability and credit profile of the private or corporate applicant.
Q. What happens if my DLA/PIP/Allowance award ceases during the term of the agreement?
A. Your finance agreement will continue as normal.
Q. Can my allowance be paid directly to Raphael Finance?
A. No, payments will be collected from your bank by Direct Debit.
Q. Will I still be eligible to apply if I do not receive DLA/PIP Allowances?
Q. Can I settle my finance agreement early?
A. Yes. You can either partially or fully settle the finance agreement at any time. This is in line with the contractual terms of the agreement and current legislation.
Q. What if my financial affairs are handled by an appointee (private or corporate) or under a form of Power of Attorney, or Court of Protection arrangement, - can I still apply for a loan?
A. All of these circumstances can usually be accommodated.
Q. Is there a limit to the number of individuals allowed on a finance agreement?
A. This will usually be limited to a maximum of 2 persons. However, agreements can be arranged for multiple customers and/or guarantors and can take into account multiple allowances, so please ask.
Q. How long must I wait for a decision on my finance application?
A. A decision is usually confirmed within 24 hours of receiving an application.
Q. How do I obtain a finance quotation or additional information?
A. You can contact Raphael Finance in any of the following ways. Please contact any of our specialist team on 02380 215733 or 02380 215292 or email firstname.lastname@example.org
All enquiries are in complete confidence and without obligation or cost. No credit reference check will be made unless you make a specific credit application.
For those in receipt of Disability Living Allowance we also offer a further selection of fully Motability Accredited low mileage Nearly New Wavs that are available via the Motability Nearly New Scheme, with advance payments starting from as little as £50.
Quality New & Used Accessible Vehicles from Jubilee
We are proud to offer genuine equal opportunity to all
Our nearly new vehicles, some having covered less than 1,000 miles, offer huge savings against new prices of up to 30% or more. * The minimum two year guarantee is provided by AA Warranty or by the balance of the Vehicle Manufacturer's Warranty or a combination of both on the majority of our late, low mileage wheelchair accessible vehicles. Our late, low mileage wheelchair driver vehicles are offered with a minimum of one years guarantee / warranty where indicated. Please see individual vehicle listings for details or contact us for further information.