There are two basic types of finance that we can offer you…
Hire Purchase could help you buy the motorbike 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’s 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.
Set your payments to suit your budget – borrow any amount from £1,500 to £25,000.
What you pay…
You pay a deposit on the bike.
Interest rates are fixed so you’ll always know the amount of each payment until the bike is yours.
You pay over the chosen period.
After the last payment you own the bike outright.
What are the benefits of Hire Purchase…
The choice is yours. You can choose any new or used motorbike you want that’s up to ten years old, and you choose how long you want to make regular payments, from one to five years*.
You can budget with confidence. Your regular repayments will always be the same throughout the agreement, giving you the reassurance you need.
Our documents are clearly written so you can be sure there are no hidden extras.
Ride away today. No wasted hours online ticking boxes, holding on the phone, or complicated paperwork. The dealership arranges it all. You just check the paperwork, sign on the dotted line and drive away.
Why choose Hire Purchase…
Hire purchase lets you choose the motorbike you want, while spreading the payments out to suit your budget. You’ll have the reassurance of knowing your regular monthly payments will stay the same. After the last payment, the bike’s all yours.
Who might like this product…
If you want to own your bike outright at the end of your payment plan.
If you have a deposit available.
If you like to budget – you’ll know the exact payment amounts each month.
Check out this video from Black Horse about HP…
PCP – Personal Contract Finance do you want a new motorcycle every two or three years? Personal Contract Purchase lets you do just that…
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 – 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
Check out this video from Black Horse about PCP…
* Finance is available subject to status, to UK residents aged 18 years or over. Indemnities may be required. Conditions may apply depending on credit score status. Please contact us for further details.
** Subject to the motorcycle being returned on time, in good condition (fair wear & tear accepted) and within the permitted maximum mileage.
What’s an APR…
APR stands for the Annual Percentage Rate of charge.
You can use it to compare different credit and loan offers…
The APR includes important factors such as:
The interest rate you must pay, how you repay the loan; the length of the loan agreement (or term); frequency and timing of instalment payments; and amount of each payment; and certain fees associated with the loan. All lenders have to tell you what their APR is before you sign an agreement.
The APR will vary from lender to lender. Generally, the lower the APR the better the deal for you, so if you are thinking about borrowing, shop around.
APR works best if you are comparing similar types of credit, over similar periods. Also look at the total amount payable – and check that you can afford the repayments.