Streetbike Finance

	You’ll be pleased to know Streetbike is an approved Close Motor Finance Dealer, which means that for you, our customers, we are here to advise and help with a range of quality products that are designed to protect your best interests i.e. your pride and joy….yer bike! So with that said, feel free to browse and see what is available to help you get and keep that dream bike. In the meantime if you want a quote or need any assistance with any of the financial packages we offer please don’t hesitate in contacting our sales team. You can call on 0121 506 6800.
Conditional Sale This is the most common yet simple form of agreement, which allows you to spread payments over a fixed period. The interest rate is fixed at the start of the agreement, so you can enjoy the benefit of protection against subsequent interest rate rises during the term of the loan. Conditional Sale agreements involve a finance company purchasing a vehicle on behalf of the customer, which allows you to pay for the vehicle in instalments. This enables the customer to pay a deposit and take immediate possession of the vehicle; however, the title to goods remains with the finance company until the buyer satisfies the conditions of the agreement. In other words, the finance company own the vehicle until all payments have been made. Ride on PCP Ride on PCP is a flexible finance plan which is designed to provide the biker with an affordable way to have a new bike every two or three years. As with a Conditional Sale, you pay a small deposit, and then make regular monthly payments. But when you reach the end of the agreement you then have three options. OPTION 1. Pay the final lump sum payment plus a purchase fee and keep the bike. OPTION 2. If you no longer like the bike simply hand it back to us providing the bike is in good order and has not exceeded the maximum agreed mileage. OPTION 3. Is the most popular - part exchange your bike for a new one. GAP – Retail Price Protection Did you know that if your bike was written off as a result of an accident, fire or theft, most insurance companies would only pay the current market value for the bike, and not the price you paid for it? Our Retail Price Protection GAP (RRP GAP) can return you to the original position you were in when you first purchased your bike for up to a maximum period of 3 years, if your bike is written off and a total loss, payment is made by your insurance company. RRP GAP can pay you the difference between the amount paid by the insurance company (or the market value of your bike, whichever is the greater) and the amount of your original invoice price (or the early settlement amount if the bike is subject to a finance agreement and the early settlement amount is greater than the invoice price). Policy exclusions & limitations may apply, a summary of which is available in a brochure in store. Please ask in store for a brochure. APR The term Annual Percentage Rate (APR) refers to the interest rate, as applied to finance, for a whole year rather than just a monthly fee/rate. In short, it is a finance charge expressed as an annual rate and can be used as a benchmark by which you can judge the cost of borrowing. Finance is available to people 16 years and over, subject to status. Indemnities may be required. Written details are available on request. Streetbike are authorised & regulated by the Financial Services Authority.