Personal Contract Purchase allows you to keep your monthly repayments lower by deferring a significant proportion of the amount of credit to the final repayment at the end of the agreement. Agree an initial deposit, how many miles you are likely to ride each year and how long you want the agreement to run for and the dealer will then calculate the Guaranteed Future Value (GFV) of your motorcycle to confirm your monthly repayment. The dealer will submit the finance application to us and, subject to your application being approved; you can just ride your motorcycle away.
How It Works
Borrow any amount from £1,000 and set repayments to suit your budget for terms of 2–4 years
The options at the end of the agreement are:
1) Part exchange the motorcycle subject to settlement of your existing finance agreement; new finance agreements are subject to status or
2) Return the motorcycle and not pay the final lump sum repayment. If the motorcycle is in good condition and has not exceeded the agreed maximum mileage you will have nothing further to pay. Further information on what is considered good condition can be found at blackhorse.co.uk/bikeconditionguide. If the motorcycle has exceeded the agreed maximum mileage a charge for excess mileage will apply or
3) Pay the Final Lump Sum Repayment to own the motorcycle.
What You Need To Know
Things to consider