PCP isn’t right for ev­ery­one, so what are the other fi­nance op­tions avail­able?

Motorcycle News (UK) - - Pcp Deals -

If you want a bit of se­cu­rity with your pur­chase, and you’re com­fort­able with the bike be­long­ing to the fi­nance com­pany un­til you’ve paid off the whole con­tract, then you could go with this op­tion – a good old­fash­ioned hire pur­chase con­tract. The ben­e­fit is that you can buy the mo­tor­cy­cle you want while spread­ing the cost over a pe­riod that makes it more af­ford­able within your fi­nan­cial land­scape. Af­ter pay­ing an ini­tial de­posit you get to ride away on your new pride and joy, on the strict agree­ment that you’ll con­tinue to pay the re­main­ing in­stal­ments to the end of the term. Once you’ve made all the pay­ments – the mo­tor­cy­cle is wholly yours to do with as you wish.

Most deal­ers of­fer Hire Pur­chase through one or two big com­pa­nies – this is how it works... O Get your bud­get worked out based on what you can af­ford to re­pay – you can bor­row any amount from £1500 O Choose your new mo­tor­cy­cle (or a used one – higher value bikes up to 12 years old can usu­ally qual­ify) O Set a re­pay­ment term of one to five years, based on your monthly bud­get

This op­tion’s great if... O You want flex­i­ble de­posit op­tions – 0% de­posit, and 0% fi­nance may be even be avail­able, sub­ject to sta­tus O You want a sim­ple re­pay­ment sum at fixed in­ter­est rates, so you’ll al­ways know the amount of each pay­ment for the du­ra­tion of the con­tract O You want to own your mo­tor­cy­cle out­right at the end of the con­tract

Be aware that... O You must have fully com­pre­hen­sive in­sur­ance dur­ing the fi­nance term O Your mo­tor­cy­cle is at risk of re­pos­ses­sion if you do not main­tain your agreed re­pay­ments O You have no pro­tec­tion against the bike’s de­pre­ci­a­tion in value O You do not own the mo­tor­cy­cle un­til all of the pay­ments have been made

5000pa £1691

MT range. Us­ing the same rolling chas­sis and en­gine, the MT-125 mar­ries the un­der­pin­nings to in­stantly recog­nis­able MT fam­ily an­gu­lar styling. A real win­ner.

5000pa £3832.97

grey/black seat cover and hand pro­tec­tors. It’s a great ev­ery­day do-it-all com­muter, or smaller and less ag­gres­sive ad­ven­ture bike that caters for all rid­ers.

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