John R Weir

• Optional full maintenance contract to cover all servicing in line with manufacturer's recommended intervals as well as all replacement tyres, batteries and exhausts.
• Membership with a motoring organisation to include home start, relay and European cover will also be included.

The customer pays fixed rentals for the duration of the primary period, typically 3 or 4 years. Following the completion of this Primary Period the lessee can either enter into a further secondary period of hire for a small annual rental or alternatively sell the vehicle to an independent third party on behalf of Subaru Finance with a refund of up to 95% of the VAT exclusive sale proceeds. All rentals attract VAT at the prevailing rate. Leasing with a deferred balloon payment is also available.

Advantages

• Use without ownership of car
• Eliminates capital expense
• Improved cash flow with fixed monthly rentals
• VAT recoverable (depending upon usage)
• Rentals allowable against taxable profits (proportionally)

Please refer to important information for more details on Business Finance.

If your car is written off by your insurance company following fire, theft or accident, GAP insurance helps to bridge the ‘gap’ between the insurance payout you’ll receive and the finance still outstanding on your vehicle. (Up to a maximum of £5,000).

GAP Return to Invoice (RTI) Insurance

Alternatively you could choose to take RTI, which offers the above benefits but cover is not restricted to a maximum of £5,000. It could give you back the difference between the insurance payout and the full original purchase price of the vehicle (up to £15,000).

Please refer to important information for more details on Business Finance.

Hire Purchase calls for an initial deposit, which is a predetermined percentage of the total vehicle cost, followed by regular, fixed monthly payments over a number of years, until the balance is cleared.

Advantages

• The vehicle becomes your property at the agreement’s end after the final monthly payment and option to purchase fee is paid
• Payments are made monthly over a fixed period (usually 1-5 years)
• Payments are fixed throughout

There is a ‘pause payment’ option, which effectively extends the payment period by one month because no payment is made in month one, allowing the customer a little breathing space at the start of the agreement.

Please refer to important information for more details on Business Finance.

An attractive ‘spin’ on conventional Hire Purchase in so far as it calls for lower monthly payments. It does, however, require the customer to make a final ‘balloon’ payment at the agreement’s end, which then releases the car into the customer’s possession.

Advantages

• Payments are lower than with a ‘standard’ Hire Purchase arrangement
• The vehicle becomes the owner’s property at the agreement’s end after the balloon payment and option to purchase fee are paid
• Payments are made monthly over a fixed period (usually 1-5 years)
• Payments are fixed throughout

Optional Payment Protection Insurance and GAP Insurance is arranged by Direct Group Limited on behalf of AXA Insurance UK plc, AXA Sun Life plc (the insurers) and The Funding Corporation (1) Limited who are registered in England and regulated by the Financial Services Authority for the sale of general insurance. We are governed by the Financial Ombudsman Service in relation to complaints concerning insurance.

Direct Group Limited, AXA Insurance UK plc, and AXA Sun Life plc are authorised and regulated by the Financial Services Authority and within the jurisdiction of the Financial Ombudsman Services and Financial Services Compensation Scheme.

This insurance is arranged by The Funding Corporation (1) Limited who is an Appointed Representative of The Funding Corporation Limited who is registered in England, Authorised and regulated by the Financial Services Authority for the sale of general insurance. The Funding Corporation Limited is governed by the Financial Ombudsman service in relation to complaints concerning insurance. Direct Group Limited, AXA Insurance UK plc, and AXA Sun Life plc are authorised and regulated by the Financial Services Authority and within the jurisdiction of the Financial Ombudsman Service and the Financial Services Compensation Scheme. You are entitled to choose the law applicable to this policy. We propose to choose the Law of England and Wales and by taking out the insurance you agree that the Law of England and Wales applies.

Subaru Finance is a trading style of the Funding Corporation (1) Limited. Finance is provided by The Funding Corporation (1) Limited (Registered no. 4189928). Registered Office: International House, Kingsfield Court, Chester Business Park, Chester CH4 9RF. Finance is available to UK & Northern Ireland residents (excluding the Channel Islands and the Isle of Man) aged 18 or over and is subject to status.

The Funding Corporation (1) Limited is a member of the Finance & Leasing Association (FLA) and subscribes to the FLA Lending Code and to the FLA Conciliation and Independent Arbitration Scheme. If you have a complaint about your loan which has not been resolved to your satisfaction, you can refer it to the FLA under the Lending Code. Further details about the FLA, including up to date contact details, may be obtained by phoning 020 7836 6511 or visiting their website : www.fla.org.uk. Copies of the FLA Lending Code 2004 are available on request or can be obtained from the FLA’s website.

Finance is provided by County Leasing & Finance Limited (Registered no. 539271). Registered Office: County house, Beaufort Road, Plasmarl, Swansea SA6 8JG. Finance is available to UK & Northern Ireland residents (excluding the Channel Islands and the Isle of Man) aged 18 or over and is subject to status.

All references to taxation, VAT and accounting treatment are subject to confirmation by your professional advisors.

Payment Protection Insurance

This scheme is administered by Direct Group Ltd. on behalf of AXA Insurance UK plc, AXA Sun Life plc (the insurers) and The Funding Corporation (1) Limited. This insurance is arranged by The Funding Corporation (1) Limited who is an Appointed Representative of The Funding Corporation Limited who is registered in England and authorised and regulated by the Financial Services Authority for the sale of general insurance. The Funding Corporation Limited is governed by the Financial Ombudsman Service in relation to complaints concerning insurance. Direct Group Limited, AXA Insurance UK plc, and AXA Sun Life plc are authorised and regulated by the Financial Services Authority and within the jurisdiction of the Financial Ombudsman Service and the Financial Services Compensation Scheme. You and we are entitled to choose the law applicable to the policy. We propose to choose the Law of England and Wales and by taking out the insurance you agree that the Law of England and Wales applies.

Payment Protection Insurance – Policy Summary

This policy summary does not contain full details and conditions of your insurance – these are located in your policy wording.

Type of Insurance and Cover

This insurance can provide financial protection for your loan repayments to The Funding Corporation, in the event of your unemployment, accident or sickness, critical illness or death.

Your policy schedule will show which option or combination of options you have chosen. If you have selected Unemployment Cover and at the start date you are on a fixed term contract please refer to the definition “Regular Fixed Term Contract” and the Circumstances You Cannot Claim - Unemployment section to understand your cover.

Features and benefits

Protection Against Unemployment

If you are made unemployed and the unemployment lasts in excess of 30 days we will pay 1/30th of your monthly repayment for each subsequent day you remain unemployed, for a maximum of 12 months.

Protection Against Accident and Sickness

If, due to accident or sickness certified by a registered medical practitioner, you are unable to work, for a period in excess of 30 days we will pay 1/30th of your monthly repayment for each subsequent day you remain disabled, for a maximum of 12 months.

Protection Against Death

If you die during the term of the policy we will pay an amount equal to the balance outstanding on your finance agreement including any final lump sum payment, up to a maximum of £25,000.

Protection Against Critical Illness

If during the term of the policy, but after the waiting period, you suffer a critical illness (see definitions within the policy wording) from which you survive for 30 days from the date of diagnosis, we will pay an amount equal to the balance outstanding on your finance agreement including any lump sum final payment, up to a maximum of £25,000.

Unemployment to Disability & Disability to Unemployment Claims

We will not re-impose the deferred period but we will pay in total a maximum of 12 monthly repayments.

Payment of Benefit

For unemployment and accident or sickness claims benefit will be paid monthly in arrears at a rate of 1/30th of the amount of benefit for each day, after the 30 day qualification period, of unemployment or accident and sickness. We will pay up to a maximum of 12 monthly benefits for each claim.

For life and critical illness claims the payment will be a lump sum.

We will send the benefit direct to your lender.

Significant or unusual Exclusions or Limitations:

General Exclusions:

Losses whilst you are no longer resident in the UK or outside of the European Union for a period intended by you to be of more than 13 consecutive weeks.

Alcohol or solvent abuse by you, or the taking of drugs by you except under the direction of a doctor.

Intentional self-inflicted injury, including undergoing surgery, which is not medically necessary or is undertaken solely at your request.

The maximum payable each month under this policy and any other loan protection policies issued by us to you is £1,000.

Cover under this policy expires if you die, or a payment is made under the Critical Illness section, you reach the normal retirement age at your place of work or 65 years of age whichever is earlier, the expiry date of your original loan term, you repay your finance agreement, or cease to reside in the UK.

We will only pay one type of benefit under this policy at any one time. You cannot claim for a period for which a benefit has already been paid. In respect of unemployment and accident and sickness we will not pay for the first 30 days of your unemployment or disability.

Exclusions under Unemployment Protection:

Periods of unemployment separated by less than 6 months will be treated as one period of unemployment and we will pay benefit for a maximum of 12 months in total.

If the maximum number of payments are made in respect of any one claim, you will not be able to claim again under this policy until you have been back to work for a period of at least 6 months.

Unemployment due to voluntary redundancy; your dismissal as a result of misconduct or breaking your contract; resignation; where the possibility of unemployment was known by you at the time of taking this policy out or is notified to you within 30 days of you taking this policy out; normal or seasonal occurrences in your occupation, or unemployment which commences at the expiry of a fixed term contract.

Any benefits will cease on the day your final monthly payment becomes due, it does not cover your final lump sum repayment.

We will not pay an unemployment claim if it is caused by accident or sickness when you are unable to claim accident and sickness benefits under the terms of this policy.

If you are in receipt of a payment in lieu of notice, benefit payments will not start until 30 days after the period covered by the payment.

Exclusions under Accident and Sickness Protection:

Periods when you cannot work due to the same accident or sickness separated by less than 3 months will be treated as one claim and we will pay benefit for a maximum of 12 months in total.

If the maximum number of payments are made in respect of any one accident or sickness claim, you will not be able to claim again for the same accident or sickness until you have been back to work for a period of at least 6 months.

You must return to work for one month before you will qualify to make a further claim for a different accident or sickness.

Any benefits will cease on the day your final monthly payment becomes due, it does not cover your final lump sum repayment.

Any accident or sickness, arising from: a pre-existing condition, pre-existing being any condition, injury, illness, disease, sickness or related condition and/or associated symptoms, that was known about, or where medical treatment or advice had been received, whether diagnosed or not, during the six months before the start of this policy; or any mental or nervous disorder unless diagnosed by a specialist consultant; or any back complaint or associated condition unless supported by specialist medical evidence.

Exclusions under Life Cover

• Suicide within the first 12 months.
• Pre-existing conditions.
• Any death, in the first six months after the start date, other than by fatal accident.

• Pre-existing conditions.
• Any critical illness suffered by you, in the first three months after the start date.

Duration

This is a variable term contract linked to the originally anticipated term of your loan, up to a maximum 60 months. This policy may exceed one year in duration, you may need to review and update this cover periodically to ensure it remains adequate.

Cancellation period

You are free to cancel this policy at anytime.

Claim notification

To register a claim contact 0870 4128900.

Full details are available at www.FSCS.org.uk

GAP Insurance Summary of Cover

Type of Insurance and Cover

This product provides you with financial protection against the repayment costs of your The Funding Corporation car loan, in the event of your vehicle being declared a total loss by your Road Traffic Act (RTA) motor insurer. The level of cover is dependent on whether your motor insurance provides Comprehensive or Third Party Fire and Theft cover.

Features and Benefits

Please refer to the relevant section within “What is Covered” in your policy wording.

Comprehensive Cover

If your RTA motor insurance provides Comprehensive cover and you have a valid claim we will pay the amount by which the outstanding balance on your finance agreement exceeds the insurance settlement from your RTA insurer, at the date on which the payment is made by your RTA insurer.

Third Party Fire and Theft Cover

If your RTA motor insurance provides Third Party Fire and Theft cover then:

• if as a result of fire or theft you have a valid claim we will pay the amount by which the outstanding balance on your finance agreement exceeds the insurance settlement from your RTA insurer, at the date on which the payment is made by your RTA insurer.
• if as a result of accident you have a valid claim we will pay the amount by which the outstanding balance on your finance agreement exceeds the insurance settlement from your RTA insurer (up to a maximum of £300), at the date on which the payment is made by your RTA insurer.

Payment

Significant or unusual Exclusions or Limitations:

During the period of insurance you must be:

• the first person named on the finance agreement for the vehicle; and
• the registered keeper of the vehicle; and
• the policyholder of the Comprehensive, or Third Party Fire and Theft RTA motor insurance policy for the vehicle.

You must inform us of any additions or improvements made to the vehicle, or if you renegotiate the terms of your loan agreement. If you do not the amount we pay may be affected. When you tell us an additional premium may be required.

Your policy excludes some situations, which include anything that is caused by illegal or deliberate acts on your part. Please refer to the Section “General Exclusions” of your policy wording for full details but the most significant are listed below:

We will not make any payment in respect of:

• Any claim where your RTA motor insurance policy offers to provide a replacement vehicle, or offers to repair your vehicle as settlement.
• Any vehicle which has appeared on the MIAFTR register.

In calculating your outstanding balance we will exclude:

• Any amount financed above the mileage adjusted retail price for your vehicle as published by Glasses Guide at the time of purchase.
• Any amount of negative equity included in your finance agreement which has been transferred from a previous credit agreement.
• Any arrears or interest on arrears,

But include:

• Any rebate or reduction in interest charges for early settlement

In calculating the original purchase price of your vehicle we will exclude:

• Any amount above the mileage adjusted retail price for your vehicle suggested by Glasses Guide (see “Definitions”)
• Any amount over £75,000.

We will include:

• Factory or dealer accessories fitted at the time of purchase

Your RTA motor insurers must have accepted and settled your motor claim on a total loss basis.

The most we will pay under this policy is £5,000.

The most we will pay under the Third Party Fire & Theft section of this policy in respect of total loss as a result of accident is £300.

Your policy ends at the earliest of the following:

• the end of the cover period shown on your schedule
• the date on which your loan agreement ends
• 62 months from the date of commencement shown on your policy schedule
• the total loss of your vehicle, whether it results in a claim being paid under this policy or not
• the date on which you sell or transfer the vehicle.

Duration

The policy duration is variable and your policy schedule will show the length of cover chosen. This policy may exceed one year in duration, you may need to review and update this cover periodically to ensure it remains adequate.

Cancellation period

You are free to cancel this policy at anytime.

Claim Notification

To make a claim contact 0870 4128904.

Making Yourself Heard

If you have a complaint and your complaint relates to the way in which your policy was sold to you, it should be addressed to The Funding Corporation Limited, Customer Services Department, International House, Kingsfield Court, Chester Business Park, Chester CH4 9RF. If you are not satisfied with the way in which your complaint has been dealt with, you can approach The Financial Ombudsman Service.

In the event of a complaint about the handling of your claim or policy itself, you should contact Direct Group. If you are not satisfied with the way in which your complaint has been dealt with, you should write to The Customer Care Department of AXA Insurance. If the complaint is still not resolved, you can approach The Financial Ombudsman Service. Referral to the Financial Ombudsman will not affect your right to take legal action.

Full details of addresses and contact numbers can be found within the Policy Wording.

Financial Services Compensation Scheme (FSCS)

AXA Insurance is covered by the FSCS, which is triggered when an authorised firm goes out of business. In this unlikely event you may be entitled to compensation from the scheme. Compensation under the scheme for:

• Compulsory insurance is covered in full.
• Non-compulsory insurance is protected in full for the first £2,000 and 90% of any amount above this threshold.

Full details are available at www.FSCS.org.uk

Optional Payment Protection Insurance and GAP Insurance is arranged by Direct Group Limited on behalf of AXA Insurance UK plc, AXA Sun Life plc (the insurers) and The Funding Corporation (1) Limited who are registered in England and regulated by the Financial Services Authority for the sale of general insurance. We are governed by the Financial Ombudsman Service in relation to complaints concerning insurance.

Direct Group Limited, AXA Insurance UK plc, and AXA Sun Life plc are authorised and regulated by the Financial Services Authority and within the jurisdiction of the Financial Ombudsman Services and Financial Services Compensation Scheme.

This insurance is arranged by The Funding Corporation (1) Limited who is an Appointed Representative of The Funding Corporation Limited who is registered in England, Authorised and regulated by the Financial Services Authority for the sale of general insurance. The Funding Corporation Limited is governed by the Financial Ombudsman service in relation to complaints concerning insurance. Direct Group Limited, AXA Insurance UK plc, and AXA Sun Life plc are authorised and regulated by the Financial Services Authority and within the jurisdiction of the Financial Ombudsman Service and the Financial Services Compensation Scheme. You are entitled to choose the law applicable to this policy. We propose to choose the Law of England and Wales and by taking out the insurance you agree that the Law of England and Wales applies.

Subaru Finance is a trading style of the Funding Corporation (1) Limited. Finance is provided by The Funding Corporation (1) Limited (Registered no. 4189928). Registered Office: International House, Kingsfield Court, Chester Business Park, Chester CH4 9RF. Finance is available to UK & Northern Ireland residents (excluding the Channel Islands and the Isle of Man) aged 18 or over and is subject to status.

The Funding Corporation (1) Limited is a member of the Finance & Leasing Association (FLA) and subscribes to the FLA Lending Code and to the FLA Conciliation and Independent Arbitration Scheme. If you have a complaint about your loan which has not been resolved to your satisfaction, you can refer it to the FLA under the Lending Code. Further details about the FLA, including up to date contact details, may be obtained by phoning 020 7836 6511 or visiting their website : www.fla.org.uk. Copies of the FLA Lending Code 2004 are available on request or can be obtained from the FLA’s website.

Finance is provided by County Leasing & Finance Limited (Registered no. 539271). Registered Office: County house, Beaufort Road, Plasmarl, Swansea SA6 8JG. Finance is available to UK & Northern Ireland residents (excluding the Channel Islands and the Isle of Man) aged 18 or over and is subject to status.

All references to taxation, VAT and accounting treatment are subject to confirmation by your professional advisors.

Payment Protection Insurance

This scheme is administered by Direct Group Ltd. on behalf of AXA Insurance UK plc, AXA Sun Life plc (the insurers) and The Funding Corporation (1) Limited. This insurance is arranged by The Funding Corporation (1) Limited who is an Appointed Representative of The Funding Corporation Limited who is registered in England and authorised and regulated by the Financial Services Authority for the sale of general insurance. The Funding Corporation Limited is governed by the Financial Ombudsman Service in relation to complaints concerning insurance. Direct Group Limited, AXA Insurance UK plc, and AXA Sun Life plc are authorised and regulated by the Financial Services Authority and within the jurisdiction of the Financial Ombudsman Service and the Financial Services Compensation Scheme. You and we are entitled to choose the law applicable to the policy. We propose to choose the Law of England and Wales and by taking out the insurance you agree that the Law of England and Wales applies.

Payment Protection Insurance – Policy Summary

This policy summary does not contain full details and conditions of your insurance – these are located in your policy wording.

Type of Insurance and Cover

This insurance can provide financial protection for your loan repayments to The Funding Corporation, in the event of your unemployment, accident or sickness, critical illness or death.

Your policy schedule will show which option or combination of options you have chosen. If you have selected Unemployment Cover and at the start date you are on a fixed term contract please refer to the definition “Regular Fixed Term Contract” and the Circumstances You Cannot Claim - Unemployment section to understand your cover.

Features and benefits

Protection Against Unemployment

If you are made unemployed and the unemployment lasts in excess of 30 days we will pay 1/30th of your monthly repayment for each subsequent day you remain unemployed, for a maximum of 12 months.

Protection Against Accident and Sickness

If, due to accident or sickness certified by a registered medical practitioner, you are unable to work, for a period in excess of 30 days we will pay 1/30th of your monthly repayment for each subsequent day you remain disabled, for a maximum of 12 months.

Protection Against Death

If you die during the term of the policy we will pay an amount equal to the balance outstanding on your finance agreement including any final lump sum payment, up to a maximum of £25,000.

Protection Against Critical Illness

If during the term of the policy, but after the waiting period, you suffer a critical illness (see definitions within the policy wording) from which you survive for 30 days from the date of diagnosis, we will pay an amount equal to the balance outstanding on your finance agreement including any lump sum final payment, up to a maximum of £25,000.

Unemployment to Disability & Disability to Unemployment Claims

We will not re-impose the deferred period but we will pay in total a maximum of 12 monthly repayments.

Payment of Benefit

For unemployment and accident or sickness claims benefit will be paid monthly in arrears at a rate of 1/30th of the amount of benefit for each day, after the 30 day qualification period, of unemployment or accident and sickness. We will pay up to a maximum of 12 monthly benefits for each claim.

For life and critical illness claims the payment will be a lump sum.

We will send the benefit direct to your lender.

Significant or unusual Exclusions or Limitations:

General Exclusions:

Losses whilst you are no longer resident in the UK or outside of the European Union for a period intended by you to be of more than 13 consecutive weeks.

Alcohol or solvent abuse by you, or the taking of drugs by you except under the direction of a doctor.

Intentional self-inflicted injury, including undergoing surgery, which is not medically necessary or is undertaken solely at your request.

The maximum payable each month under this policy and any other loan protection policies issued by us to you is £1,000.

Cover under this policy expires if you die, or a payment is made under the Critical Illness section, you reach the normal retirement age at your place of work or 65 years of age whichever is earlier, the expiry date of your original loan term, you repay your finance agreement, or cease to reside in the UK.

We will only pay one type of benefit under this policy at any one time. You cannot claim for a period for which a benefit has already been paid. In respect of unemployment and accident and sickness we will not pay for the first 30 days of your unemployment or disability.

Exclusions under Unemployment Protection:

Periods of unemployment separated by less than 6 months will be treated as one period of unemployment and we will pay benefit for a maximum of 12 months in total.

If the maximum number of payments are made in respect of any one claim, you will not be able to claim again under this policy until you have been back to work for a period of at least 6 months.

Unemployment due to voluntary redundancy; your dismissal as a result of misconduct or breaking your contract; resignation; where the possibility of unemployment was known by you at the time of taking this policy out or is notified to you within 30 days of you taking this policy out; normal or seasonal occurrences in your occupation, or unemployment which commences at the expiry of a fixed term contract.

Any benefits will cease on the day your final monthly payment becomes due, it does not cover your final lump sum repayment.

We will not pay an unemployment claim if it is caused by accident or sickness when you are unable to claim accident and sickness benefits under the terms of this policy.

If you are in receipt of a payment in lieu of notice, benefit payments will not start until 30 days after the period covered by the payment.

Exclusions under Accident and Sickness Protection:

Periods when you cannot work due to the same accident or sickness separated by less than 3 months will be treated as one claim and we will pay benefit for a maximum of 12 months in total.

If the maximum number of payments are made in respect of any one accident or sickness claim, you will not be able to claim again for the same accident or sickness until you have been back to work for a period of at least 6 months.

You must return to work for one month before you will qualify to make a further claim for a different accident or sickness.

Any benefits will cease on the day your final monthly payment becomes due, it does not cover your final lump sum repayment.

Any accident or sickness, arising from: a pre-existing condition, pre-existing being any condition, injury, illness, disease, sickness or related condition and/or associated symptoms, that was known about, or where medical treatment or advice had been received, whether diagnosed or not, during the six months before the start of this policy; or any mental or nervous disorder unless diagnosed by a specialist consultant; or any back complaint or associated condition unless supported by specialist medical evidence.

Exclusions under Life Cover

• Suicide within the first 12 months.
• Pre-existing conditions.
• Any death, in the first six months after the start date, other than by fatal accident.

• Pre-existing conditions.
• Any critical illness suffered by you, in the first three months after the start date.

This is a variable term contract linked to the originally anticipated term of your loan, up to a maximum 60 months. This policy may exceed one year in duration, you may need to review and update this cover periodically to ensure it remains adequate.

Cancellation period

You are free to cancel this policy at anytime.

Claim notification

To register a claim contact 0870 4128900.

Full details are available at www.FSCS.org.uk

GAP Insurance Summary of Cover

Type of Insurance and Cover

This product provides you with financial protection against the repayment costs of your The Funding Corporation car loan, in the event of your vehicle being declared a total loss by your Road Traffic Act (RTA) motor insurer. The level of cover is dependent on whether your motor insurance provides Comprehensive or Third Party Fire and Theft cover.

Features and Benefits

Please refer to the relevant section within “What is Covered” in your policy wording.

Comprehensive Cover
If your RTA motor insurance provides Comprehensive cover and you have a valid claim we will pay the amount by which the outstanding balance on your finance agreement exceeds the insurance settlement from your RTA insurer, at the date on which the payment is made by your RTA insurer.

Third Party Fire and Theft Cover
If your RTA motor insurance provides Third Party Fire and Theft cover then:

• if as a result of fire or theft you have a valid claim we will pay the amount by which the outstanding balance on your finance agreement exceeds the insurance settlement from your RTA insurer, at the date on which the payment is made by your RTA insurer.
• if as a result of accident you have a valid claim we will pay the amount by which the outstanding balance on your finance agreement exceeds the insurance settlement from your RTA insurer (up to a maximum of £300), at the date on which the payment is made by your RTA insurer.

• the first person named on the finance agreement for the vehicle; and
• the registered keeper of the vehicle; and
• the policyholder of the Comprehensive, or Third Party Fire and Theft RTA motor insurance policy for the vehicle.

• Any claim where your RTA motor insurance policy offers to provide a replacement vehicle, or offers to repair your vehicle as settlement.
• Any vehicle which has appeared on the MIAFTR register.

• Any amount financed above the mileage adjusted retail price for your vehicle as published by Glasses Guide at the time of purchase.
• Any amount of negative equity included in your finance agreement which has been transferred from a previous credit agreement.
• Any arrears or interest on arrears,

• Any rebate or reduction in interest charges for early settlement

• Any amount above the mileage adjusted retail price for your vehicle suggested by Glasses Guide (see “Definitions”)
• Any amount over £75,000.

• Factory or dealer accessories fitted at the time of purchase

The most we will pay under this policy is £5,000.

The most we will pay under the Third Party Fire & Theft section of this policy in respect of total loss as a result of accident is £300.
Your policy ends at the earliest of the following:

• the end of the cover period shown on your schedule
• the date on which your loan agreement ends
• 62 months from the date of commencement shown on your policy schedule
• the total loss of your vehicle, whether it results in a claim being paid under this policy or not
• the date on which you sell or transfer the vehicle.

The policy duration is variable and your policy schedule will show the length of cover chosen. This policy may exceed one year in duration, you may need to review and update this cover periodically to ensure it remains adequate.

Cancellation period

You are free to cancel this policy at anytime.

Claim Notification

To make a claim contact 0870 4128904.

Making Yourself Heard

If you have a complaint and your complaint relates to the way in which your policy was sold to you, it should be addressed to The Funding Corporation Limited, Customer Services Department, International House, Kingsfield Court, Chester Business Park, Chester CH4 9RF. If you are not satisfied with the way in which your complaint has been dealt with, you can approach The Financial Ombudsman Service.

In the event of a complaint about the handling of your claim or policy itself, you should contact Direct Group. If you are not satisfied with the way in which your complaint has been dealt with, you should write to The Customer Care Department of AXA Insurance. If the complaint is still not resolved, you can approach The Financial Ombudsman Service. Referral to the Financial Ombudsman will not affect your right to take legal action.

Full details of addresses and contact numbers can be found within the Policy Wording.

Financial Services Compensation Scheme (FSCS)
AXA Insurance is covered by the FSCS, which is triggered when an authorised firm goes out of business. In this unlikely event you may be entitled to compensation from the scheme. Compensation under the scheme for:

• Compulsory insurance is covered in full.
• Non-compulsory insurance is protected in full for the first £2,000 and 90% of any amount above this threshold.

If your car is written off by your insurance company following fire, theft or accident, GAP insurance helps to bridge the ‘gap’ between the insurance payout you’ll receive and the finance still outstanding on your vehicle. (Up to a maximum of £5,000).

GAP Return to Invoice (RTI) Insurance

Alternatively you could choose to take RTI, which offers the above benefits but cover is not restricted to a maximum of £5,000. It could give you back the difference between the insurance payout and the full original purchase price of the vehicle (up to £15,000).

Please refer to important information for more details on Personal Finance.

The ‘traditional’ method of financing a new car.

Hire Purchase calls for an initial deposit, which is a predetermined percentage of the total vehicle cost, followed by regular, fixed monthly payments over a number of years, until the balance is cleared.

Advantages

• The vehicle becomes your property at the agreement’s end after the final monthly payment and option to purchase fee is paid
• Payments are made monthly over a fixed period (usually 1-5 years)
• Payments are fixed throughout

There is a ‘pause payment’ option, which effectively extends the payment period by one month because no payment is made in month one, allowing the customer a little breathing space at the start of the agreement.

Please refer to important information for more details on Personal Finance.

An attractive ‘spin’ on conventional Hire Purchase in so far as it calls for lower monthly payments. It does, however, require the customer to make a final ‘balloon’ payment at the agreement’s end, which then releases the car into the customer’s possession.

Advantages

• Payments are lower than with a ‘standard’ Hire Purchase arrangement
• The vehicle becomes the owner’s property at the agreement’s end after the balloon payment and option to purchase fee are paid
• Payments are made monthly over a fixed period (usually 1-5 years)
• Payments are fixed throughout

An attractive ‘spin’ on conventional Hire Purchase in so far as it calls for lower monthly payments. It does, however, require the customer to make a final ‘balloon’ payment at the agreement’s end, which then releases the car into the customer’s possession.

Advantages

• Payments are lower than with a ‘standard’ Hire Purchase arrangement
• The vehicle becomes the owner’s property at the agreement’s end after the balloon payment and option to purchase fee are paid
• Payments are made monthly over a fixed period (usually 1-5 years)
• Payments are fixed throughout

Optional Payment Protection Insurance and GAP Insurance is arranged by Direct Group Limited on behalf of AXA Insurance UK plc, AXA Sun Life plc (the insurers) and The Funding Corporation (1) Limited who are registered in England and regulated by the Financial Services Authority for the sale of general insurance. We are governed by the Financial Ombudsman Service in relation to complaints concerning insurance.

Direct Group Limited, AXA Insurance UK plc, and AXA Sun Life plc are authorised and regulated by the Financial Services Authority and within the jurisdiction of the Financial Ombudsman Services and Financial Services Compensation Scheme.

This insurance is arranged by The Funding Corporation (1) Limited who is an Appointed Representative of The Funding Corporation Limited who is registered in England, Authorised and regulated by the Financial Services Authority for the sale of general insurance. The Funding Corporation Limited is governed by the Financial Ombudsman service in relation to complaints concerning insurance. Direct Group Limited, AXA Insurance UK plc, and AXA Sun Life plc are authorised and regulated by the Financial Services Authority and within the jurisdiction of the Financial Ombudsman Service and the Financial Services Compensation Scheme. You are entitled to choose the law applicable to this policy. We propose to choose the Law of England and Wales and by taking out the insurance you agree that the Law of England and Wales applies.

Subaru Finance is a trading style of the Funding Corporation (1) Limited. Finance is provided by The Funding Corporation (1) Limited (Registered no. 4189928). Registered Office: International House, Kingsfield Court, Chester Business Park, Chester CH4 9RF. Finance is available to UK & Northern Ireland residents (excluding the Channel Islands and the Isle of Man) aged 18 or over and is subject to status.

The Funding Corporation (1) Limited is a member of the Finance & Leasing Association (FLA) and subscribes to the FLA Lending Code and to the FLA Conciliation and Independent Arbitration Scheme. If you have a complaint about your loan which has not been resolved to your satisfaction, you can refer it to the FLA under the Lending Code. Further details about the FLA, including up to date contact details, may be obtained by phoning 020 7836 6511 or visiting their website : www.fla.org.uk. Copies of the FLA Lending Code 2004 are available on request or can be obtained from the FLA’s website.

Payment Protection Insurance

This scheme is administered by Direct Group Ltd. on behalf of AXA Insurance UK plc, AXA Sun Life plc (the insurers) and The Funding Corporation (1) Limited. This insurance is arranged by The Funding Corporation (1) Limited who is an Appointed Representative of The Funding Corporation Limited who is registered in England and authorised and regulated by the Financial Services Authority for the sale of general insurance. The Funding Corporation Limited is governed by the Financial Ombudsman Service in relation to complaints concerning insurance. Direct Group Limited, AXA Insurance UK plc, and AXA Sun Life plc are authorised and regulated by the Financial Services Authority and within the jurisdiction of the Financial Ombudsman Service and the Financial Services Compensation Scheme. You and we are entitled to choose the law applicable to the policy. We propose to choose the Law of England and Wales and by taking out the insurance you agree that the Law of England and Wales applies.

Payment Protection Insurance – Policy Summary

This policy summary does not contain full details and conditions of your insurance – these are located in your policy wording.

Type of Insurance and Cover

This insurance can provide financial protection for your loan repayments to The Funding Corporation, in the event of your unemployment, accident or sickness, critical illness or death.

Your policy schedule will show which option or combination of options you have chosen. If you have selected Unemployment Cover and at the start date you are on a fixed term contract please refer to the definition “Regular Fixed Term Contract” and the Circumstances You Cannot Claim - Unemployment section to understand your cover.

Features and benefits

Protection Against Unemployment

If you are made unemployed and the unemployment lasts in excess of 30 days we will pay 1/30th of your monthly repayment for each subsequent day you remain unemployed, for a maximum of 12 months.

Protection Against Accident and Sickness

If, due to accident or sickness certified by a registered medical practitioner, you are unable to work, for a period in excess of 30 days we will pay 1/30th of your monthly repayment for each subsequent day you remain disabled, for a maximum of 12 months.

Protection Against Death

If you die during the term of the policy we will pay an amount equal to the balance outstanding on your finance agreement including any final lump sum payment, up to a maximum of £25,000.

Protection Against Critical Illness

If during the term of the policy, but after the waiting period, you suffer a critical illness (see definitions within the policy wording) from which you survive for 30 days from the date of diagnosis, we will pay an amount equal to the balance outstanding on your finance agreement including any lump sum final payment, up to a maximum of £25,000.

Unemployment to Disability & Disability to Unemployment Claims

We will not re-impose the deferred period but we will pay in total a maximum of 12 monthly repayments.

Payment of Benefit

For unemployment and accident or sickness claims benefit will be paid monthly in arrears at a rate of 1/30th of the amount of benefit for each day, after the 30 day qualification period, of unemployment or accident and sickness. We will pay up to a maximum of 12 monthly benefits for each claim.

For life and critical illness claims the payment will be a lump sum.

We will send the benefit direct to your lender.

Significant or unusual Exclusions or Limitations:

General Exclusions:

Losses whilst you are no longer resident in the UK or outside of the European Union for a period intended by you to be of more than 13 consecutive weeks.

Alcohol or solvent abuse by you, or the taking of drugs by you except under the direction of a doctor.

Intentional self-inflicted injury, including undergoing surgery, which is not medically necessary or is undertaken solely at your request.

The maximum payable each month under this policy and any other loan protection policies issued by us to you is £1,000.

Cover under this policy expires if you die, or a payment is made under the Critical Illness section, you reach the normal retirement age at your place of work or 65 years of age whichever is earlier, the expiry date of your original loan term, you repay your finance agreement, or cease to reside in the UK.

We will only pay one type of benefit under this policy at any one time. You cannot claim for a period for which a benefit has already been paid. In respect of unemployment and accident and sickness we will not pay for the first 30 days of your unemployment or disability.

Exclusions under Unemployment Protection:

Periods of unemployment separated by less than 6 months will be treated as one period of unemployment and we will pay benefit for a maximum of 12 months in total.

If the maximum number of payments are made in respect of any one claim, you will not be able to claim again under this policy until you have been back to work for a period of at least 6 months.

Unemployment due to voluntary redundancy; your dismissal as a result of misconduct or breaking your contract; resignation; where the possibility of unemployment was known by you at the time of taking this policy out or is notified to you within 30 days of you taking this policy out; normal or seasonal occurrences in your occupation, or unemployment which commences at the expiry of a fixed term contract.

Any benefits will cease on the day your final monthly payment becomes due, it does not cover your final lump sum repayment.

We will not pay an unemployment claim if it is caused by accident or sickness when you are unable to claim accident and sickness benefits under the terms of this policy.

If you are in receipt of a payment in lieu of notice, benefit payments will not start until 30 days after the period covered by the payment.

Exclusions under Accident and Sickness Protection:

Periods when you cannot work due to the same accident or sickness separated by less than 3 months will be treated as one claim and we will pay benefit for a maximum of 12 months in total.

If the maximum number of payments are made in respect of any one accident or sickness claim, you will not be able to claim again for the same accident or sickness until you have been back to work for a period of at least 6 months.

You must return to work for one month before you will qualify to make a further claim for a different accident or sickness.

Any benefits will cease on the day your final monthly payment becomes due, it does not cover your final lump sum repayment.

Any accident or sickness, arising from: a pre-existing condition, pre-existing being any condition, injury, illness, disease, sickness or related condition and/or associated symptoms, that was known about, or where medical treatment or advice had been received, whether diagnosed or not, during the six months before the start of this policy; or any mental or nervous disorder unless diagnosed by a specialist consultant; or any back complaint or associated condition unless supported by specialist medical evidence.

Exclusions under Life Cover

• Suicide within the first 12 months.
• Pre-existing conditions.
• Any death, in the first six months after the start date, other than by fatal accident.

• Pre-existing conditions.
• Any critical illness suffered by you, in the first three months after the start date.

This is a variable term contract linked to the originally anticipated term of your loan, up to a maximum 60 months. This policy may exceed one year in duration, you may need to review and update this cover periodically to ensure it remains adequate.

Cancellation period

You are free to cancel this policy at anytime.

Claim notification

To register a claim contact 0870 4128900.

Full details are available at www.FSCS.org.uk

GAP Insurance Summary of Cover

Type of Insurance and Cover

This product provides you with financial protection against the repayment costs of your The Funding Corporation car loan, in the event of your vehicle being declared a total loss by your Road Traffic Act (RTA) motor insurer. The level of cover is dependent on whether your motor insurance provides Comprehensive or Third Party Fire and Theft cover.

Features and Benefits

Please refer to the relevant section within “What is Covered” in your policy wording.

Comprehensive Cover

If your RTA motor insurance provides Comprehensive cover and you have a valid claim we will pay the amount by which the outstanding balance on your finance agreement exceeds the insurance settlement from your RTA insurer, at the date on which the payment is made by your RTA insurer.

Third Party Fire and Theft Cover

If your RTA motor insurance provides Third Party Fire and Theft cover then:

• if as a result of fire or theft you have a valid claim we will pay the amount by which the outstanding balance on your finance agreement exceeds the insurance settlement from your RTA insurer, at the date on which the payment is made by your RTA insurer.
• if as a result of accident you have a valid claim we will pay the amount by which the outstanding balance on your finance agreement exceeds the insurance settlement from your RTA insurer (up to a maximum of £300), at the date on which the payment is made by your RTA insurer.

• the first person named on the finance agreement for the vehicle; and
• the registered keeper of the vehicle; and
• the policyholder of the Comprehensive, or Third Party Fire and Theft RTA motor insurance policy for the vehicle.

• Any claim where your RTA motor insurance policy offers to provide a replacement vehicle, or offers to repair your vehicle as settlement.
• Any vehicle which has appeared on the MIAFTR register.

• Any amount financed above the mileage adjusted retail price for your vehicle as published by Glasses Guide at the time of purchase.
• Any amount of negative equity included in your finance agreement which has been transferred from a previous credit agreement.
• Any arrears or interest on arrears,

• Any rebate or reduction in interest charges for early settlement

• Any amount above the mileage adjusted retail price for your vehicle suggested by Glasses Guide (see “Definitions”)
• Any amount over £75,000.

• Factory or dealer accessories fitted at the time of purchase

The most we will pay under this policy is £5,000.

The most we will pay under the Third Party Fire & Theft section of this policy in respect of total loss as a result of accident is £300.
Your policy ends at the earliest of the following:

• the end of the cover period shown on your schedule
• the date on which your loan agreement ends
• 62 months from the date of commencement shown on your policy schedule
• the total loss of your vehicle, whether it results in a claim being paid under this policy or not
• the date on which you sell or transfer the vehicle.

Duration

The policy duration is variable and your policy schedule will show the length of cover chosen. This policy may exceed one year in duration, you may need to review and update this cover periodically to ensure it remains adequate.

Cancellation period

You are free to cancel this policy at anytime.

Claim Notification

To make a claim contact 0870 4128904.

Making Yourself Heard

If you have a complaint and your complaint relates to the way in which your policy was sold to you, it should be addressed to The Funding Corporation Limited, Customer Services Department, International House, Kingsfield Court, Chester Business Park, Chester CH4 9RF. If you are not satisfied with the way in which your complaint has been dealt with, you can approach The Financial Ombudsman Service.

In the event of a complaint about the handling of your claim or policy itself, you should contact Direct Group. If you are not satisfied with the way in which your complaint has been dealt with, you should write to The Customer Care Department of AXA Insurance. If the complaint is still not resolved, you can approach The Financial Ombudsman Service. Referral to the Financial Ombudsman will not affect your right to take legal action.

Full details of addresses and contact numbers can be found within the Policy Wording.

Financial Services Compensation Scheme (FSCS)

AXA Insurance is covered by the FSCS, which is triggered when an authorised firm goes out of business. In this unlikely event you may be entitled to compensation from the scheme. Compensation under the scheme for:

• Compulsory insurance is covered in full.
• Non-compulsory insurance is protected in full for the first £2,000 and 90% of any amount above this threshold.

Payment Protection Insurance is an insurance product that could make your motor finance payments for you should you be unable to do so due to loss of income. Such a loss of income may be caused by redundancy, accident, severe illness or death.

There are 3 levels of cover to choose from, each offering you varying degrees of cover.

 
Gold

Offers you Life, Accident & Sickness and Unemployment cover.
Life: Your motor finance obligations could be paid (up to £25,000) in the event of your death.
Accident & Sickness: Your monthly payments could be made (up to £1,000 per month) if you are unable to work for 30 continuous days. The payments could continue for up to 12 months for any one claim.
Unemployment: Your monthly payments could be made (up to £1,000 per month) if you are made unemployed through no fault of your own for 30 continuous days. The payments could continue for up to 12 months for any one claim.

Silver

Offers you Life and Accident & Sickness cover.
Life: Your motor finance obligations could be paid (up to £25,000) in the event of your death.
Accident & Sickness: Your monthly payments could be made (up to £1,000 per month) if you are unable to work for 30 continuous days. The payments could continue for up to 12 months for any one claim.

Bronze

Offers you Life cover only
Life: Your motor finance obligations could be paid (up to £25,000) in the event of your death.

• Ideal for individuals looking for an alternative to a company car with a release from benefit-in-kind taxation
• A fixed rental over a set period (2, 3 or 4 years)
• Can also include servicing and maintenance costs (optional)
• At the end of the contract the individual returns the car and takes out a new vehicle