Personal Contract Purchase (PCP) is a available on all New Suzuki and Yamaha* Bikes over 251cc
How it works…
Choose your new motorcycle or used bikes up to 3 years old can also qualify.
Establish your annual mileage – maximum 6,000 miles per annum
Choose your repayment period – either 2 or 3 years
What you pay…
You pay a deposit – from 5% of the on the road price
Your dealer advises you of the Guaranteed Future Value* of the bike
You pay over the chosen period
At the end of the agreement you have 3 options
Pay your outstanding finance and own the motorcycle
Return the motorcycle to Black Horse or Suzuki Financial Services – as long as the vehicle is in good condition, the mileage is within the agreed limit and all the required payments have been made.
Part exchange the motorcycle for a new one – subject to payment of your outstanding finance.
You can change your motorcycle for a new one every two or three years subject to status*
Fixed regular payments
There is a Guaranteed Future Value** for your motorcycle
Just to show you the difference between buying on PCP and a standard personal loan agreement. Here’s a representative example for a Yamaha XJ6N…
Ride on PCP
|Total Amount of Credit||£5220.00||£5220.00|
|Purchase Fee (Inc. in payments below)||£10.00||N/A|
|Credit Facility Fee (Inc. in payments below)||£215.00||N/A|
|Total Amount Payable||£7180.70||£5495|
|Monthly Payments||35 x £138.02||22 x £217.50|
|Final Payment (Optional with PCP)||£1900.00||£217.50|
|Duration of Agreement||37 months||24 months|
|Representative APR||15.9% APR||0% APR|
|Interest Rate (Fixed)||12.79%||0%|
* PCP is also available on Yamaha YZF-R125 and MT-125
** Subject to the motorcycle being returned on time, in good condition (fair wear & tear accepted) and within the permitted maximum mileage.
From time to time we may receive a payment or other benefit from the finance provider if you enter into an agreement with them.