If you decide to finance your new motorbike or scooter through us, we’ll be looking to offer you one of three types, these are:

– Hire Purchase (HP) – this is the most common finance. The lender owns the bike and you hire it from them until you’ve made all the monthly payments and your option to purchase fee, then it’s yours.

– Conditional Sale (CS) – this is pretty similar to HP, except there is no option to purchase fee.

– Personal Contract Purchase (PCP) – not so different from HP in that the lender owns the bike until you’ve paid the agreed monthly payments, but you still don’t own it. Then you can hand it back, use any value in the bike as a deposit to get another one, or pay what’s called a balloon payment, you’ll know how much this is when you take the finance, and then the bike is yours.

– Personal loans – the bike is yours as soon as the money reaches the dealer, you then pay the agreed monthly amounts to the finance company until it’s paid off in full. Job done.

As with signing any contract, you need to be sure you understand what you are agreeing to. So, if you have a question, no matter how insignificant you think it might be, ask us. We’re happy to help.