Sportscar manufacturer Caterham Cars has launched a finance scheme which offers customers the chance to fund the majority of its ‘Seven’ range in self-assembly form.

Previously only available for new fully built and pre-owned Sevens, the new Caterham Finance scheme provides a finance proposition for customers who want to build the model themselves.

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Through this finance product, customers can repay 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, with a final payment of £6,399 subject to terms and conditions.

David Ridley, Caterham Cars’ chief commercial officer, 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.

"Thanks to the introduction of Caterham Finance and enduring residual values, a Seven is now an even more appealing finance purchase."

The Seven 160, 270, 360 and 420 models are all available in self-assembly form, with factory built models costing an additional £3,000.

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"It can take anywhere between 80 – 100 hours to build your own Caterham and upon competition the car requires an Individual Vehicle Approval (IVA) test to enable the car to be registered with the DVLA," the company wrote.

The finance is being provided by Close Brother Motor Finance, via a white label agreement.