Choosing your next Motorcycle whether it is new or pre-owned is exciting and selecting how to finance your new bike is an important part of the process. We have a continued commitment to guide you through the options available and find the right plan to meet your individual needs.
Below is a summary of some of the options available. A good starting point is to consider your monthly budget. We can then ensure you are considering the right finance package that is affordable for you.
Your new bike might be much more affordable than you think!
Hire Purchase could help you buy the Motorcycle you want whilst spreading the cost. After paying an initial deposit you just ride away and make regular agreed payments. After the last payment, the bike is all yours. How it works - Choose your new bike - Used bikes up to ten years old can also qualify - Choose to repay over one to five years - Setting your payments to suit your budget – borrow any amount from £1,500 to £25,000.*
This is one of the simplest methods of finance and still offers flexibility. Firstly the you can decide on the amount for the deposit, plus the length of the agrreement that meets your own requirements. This ican be any number of months up to 5 years which means we can tailor the length of your agreement to match your affordable monthly payment.*
With this type of agreement the motorcycle belongs to you from day one.
Personal Contract Purchase
This is fast becoming one of the most popular ways to purchase your next motorcycle. For many years Personal Contract Purchase has been popular in the car market but now the benefits are being widely recognised in the motorcycle world as it could help you purchase a better specification or newer bike. It also allows you to part exchange your bike for a new machine every two to three years.*
You pay a deposit and agree affordable regular payments based on your proposed annual mileage. You are also advised of the Guaranteed Future Value (GFV) of your bike at the end of the agreement. Once your agreement reaches the end of its term you then have 3 options.
Part Exchange your bike for the latest new machine. The difference between the trade in value and the GFV can be used as the deposit towards your next PCP agreement.
Pay the Guaranteed Future Value and therefore purchase the bike outright.
Return the bike with no futher commitents.