Exclusive member offer: Go electric – for less!
If you like the idea of an electric vehicle, but not the cost – here’s an affordable solution.
We’ve teamed up with E-Moped specialists, Silence UK to offer our members a loan to spread the purchase cost of an electric smart motor scooter. That way, you can start saving on fuel costs right away, and spread the cost of the bike over a time to suit you. With a typical loan costing around £112 per month to repay over 3 years (see illustrative example below), it’s a great way to enjoy all the benefits of the electric transport revolution- for less.
What’s more, you’ll also receive 5% cashback* on completion of your purchase.
Make the switch to an eco & economical E-Moped today:
As more and more commuters want to avoid the cost, congestion and environmental impact of travelling by car, these E-Mopeds are an increasingly popular solution. Silence UK offer a selection of models to suit a range of budgets, starting with the S02 with an on-the-road price of £3,325.
S02 model features and benefits include:
* Removable battery – charges from a standard UK plug socket
* Running costs of around just 1p per mile – a huge saving on standard fuel costs
* Charges up in just 3-4 hours
* 35-mile range – perfect for the daily ride to work or trips around town
* No CO2 emissions
* Widespread easy & free parking
With running costs from just 1p per mile, they could soon pay for themselves in fuel savings alone based on a regular car commute. Check out the S02 in more detail here.
Apply now for an affordable loan to purchase your SilenceUK E-Moped and repay in affordable instalments, plus receive 5% cashback on completion of your purchase*
How does it work?
1. Choose your model from Silence UK
A range of E-Mopeds are available – visit the Silence UK website to learn more about the features and benefits of each. Check out the range here.
2. Apply for your loan
You’ll just need a minimum deposit of £250- then you can apply to borrow the remaining amount up to the value of your chosen E-Moped with a Co-op Credit Union loan at 19.8% APR.
(Deposit options of £250, £500, £750 or £1,000 are available). See illustrative example below.
2. Receive the cash
On approval of your loan application, you’ll receive the cash to purchase the E-Moped into your bank account.
3. Order your E-Moped
When your loan is issued, we’ll provide you with ordering details for your E-Moped.
4. Get cashback
On completion of your purchase, you’ll receive 5% cashback* on the purchase price of your E-Moped.
*Cashback is based on base bike price only. £55 first registration fee and any additional accessory purchases are excluded from the 5% cashback offer)
Note: as a member of The Co-op Credit union, in addition to your monthly loan repayment, you’re also required to save a minimum of £10 per month with us, which means you’ll build up a savings pot as you borrow. See the FAQs about membership at the bottom of this page.
What does it cost?
Silence UK offer a range of E-Mopeds to suit different budgets and requirements – starting with the entry-level S02 pictured above, with an on-the-road cost of £3,325, through to the S01 Connected as shown in the video at the top of the page, with an on the road cost of £5,695. Discover the full range here.
Illustrative example for the S02 model:
Typical Example: Model – S02 Urban E-Moto Scooter: £250 Deposit. £3,075 loan required for the remaining cost of the E-Moped. Loan repaid over 36 months at £112 per month for 35 months, then a final month’s payment of £88.62. APR 19.8%.
Total payable £4,285.62. Total interest paid £933.62. You will also receive 5% cash back on the base bike price (£3,270) of £163.50 making the total payable less cashback: £4122.12
Note: the amount you choose to save with The Co-op Credit Union is in addition to your loan repayments, minimum savings amount £10/month.
Loans are available over a time period to suit you, up to 3 years. There are no fees or hidden costs, and no penalties for early repayment if you decide to pay off your loan off earlier than planned.
Example given is a representative example for illustration purposes only based on a typical loan of £3,075 over 36 months at 19.8% APR. All loans are subject to approval.
What makes Silence E-Mopeds special?
Note: S01 model pictured above. Stowage and App are not included on the S02 model.