Famous British sports car maker Caterham has announced a new type of finance deal that will allow owners to pay for their amateur racing career in monthly installments.
The new partnership with Santander Consumer Finance means owners are not only able to split the cost of their new vehicle into monthly payments, but also apply this to the Caterham Academy – one of the most successful novice driver championships in Europe.
The £29,995 PCP package includes a whole season of racing including six championship races at famous circuits including Knockhill, Silverstone and Brands Hatch. It also includes racing training from the Association of Racing Driver School course, training seminars on vehicle set-up and car handling days with Caterham’s Motorsport staff.
At the end of the finance agreement, which includes a final balloon payment, racers are able to keep their fully road legal Caterham Seven and if they want to, upgrade their car to progress into the next championship, Caterham Roadsport.
The finance offer is also available on all Caterham Seven road cars, including used vehicles at all Caterham’s UK dealers.
“Cost has always been the biggest hurdle for any racing driver, especially those looking to get started in the sport. By splitting the cost of racing a full season in the Caterham Academy across several monthly payments, we are making racing more affordable and open,” said Graham Macdonald, chief executive officer at Caterham.
“Given the majority of cars today are bought on finance, it was a logical next step for us to include finance offers for our road and race cars. By dividing the cost of ownership across low monthly payments, we are aiming to attract a new, wider customer base of driving enthusiasts and aspiring race car drivers.”