PCP – the big questions

Who does it work best for?

Riders who want to change their new bike every two or three years, want low monthly repayments and aren’t bothered about owning the bike outright.

Who is it not suited to?

Riders who want to keep their bike until it wears out, and those who want to own their motorcycle.

Are there mileage limits?

Yes, usually around 5000 per year, though these are often adjustable up to 24,000 miles. If you go over the agreed mileage you will incur additional charges.

Can I ride it like I stole it?

Yes, provided you maintain it like you own it. Usual wear and tear is allowed, but nothing that could constitute abuse or neglect. We have heard no tales of dealers being unreasonable, which isn’t surprising as it’s in their interest to usher you seamlessly into a new deal.

What about bolt-ons?

Yes, fine. Just remember that if they lower the value of the bike in the eyes of the dealer (eg purple anodised everything and an earsplitting pipe) you will be penalised. The best plan is to put it back to standard.

Is it possible to end the agreement early?

Yes, though you will have to pay any negative equity on the bike. So if the bike is worth £7000 and you still owe £7500, you’ll have to pay the £500.