Buy a DIY Caterham Seven for £65 a week

Struggling to find the perfect Christmas present for the tinkerer in your life? Caterham has just announced it will now offer finance on its self-assembly models for the first time.

Previously, Caterham Finance has only been available to buyers of factory-built and pre-owned cars.

The Seven 160, 270, 360 and 420 models are all available in kit form, offering a saving of £3,000 over the ready-built models.

Caterham Cars chief commercial officer David Ridley said: “There has been an increase in customers wishing to build their own Seven in recent years. We are delighted to be able to provide a finance facility to these customers, making owning and building a new Caterham even more attainable.”

Customers will be able to fund the cost of a Seven over 48 months. For example, a self-assembly Seven 160 is available with a deposit of £3,099 and monthly payments of £279 at 19.5% APR Representative, equating to £65 per week, with a final payment of £6,399.

That’s quite a substantial interest rate but, with Caterham suggesting it takes 80 to 100 hours to build a Seven, is there a better petrolhead gift this Christmas?