OP­TION 3 – PER­SONAL LOAN

Motorcycle News (UK) - - Pcp Deals -

Short of sav­ing up your pen­nies un­til they be­come a tide of pounds, ben­e­fit­ting from a wind­fall, or be­ing in the sim­plis­ti­cally en­vi­able po­si­tion of be­ing loaded – you could fall back on op­tion three: the per­sonal loan.

The beauty of the per­sonal loan is that it’s just a lump sum of cash, which you can use to fund what­ever takes your fancy – the loan is not tied to the bike. The only pro­viso is that you pay it back at the rate and times agreed. Buy a bike, add some rid­ing kit or ac­ces­sories, some­thing nice for your part­ner – the choice is yours

There are var­i­ous routes to a per­sonal loan, but your own bank is a good place to start... O Get your bud­get worked out based on what you can af­ford to re­pay across the pe­riod of the loan – you can bor­row any­thing from £400 to £25,000 over one to five years O Find your per­fect bike (the fun bit) O Set a re­pay­ment term of one to five years, based on your monthly bud­get This op­tion’s great if... O You want to own your mo­tor­cy­cle out­right from the start of your loan O You want fixed, reg­u­lar pay­ments O You want the flex­i­bil­ity to buy kit or ac­ces­sories at the same time

Be aware that... O You can’t just ter­mi­nate the agree­ment and hand the mo­tor­cy­cle back to end the loan agree­ment O You have no pro­tec­tion against the bike’s de­pre­ci­a­tion in value

5000pa £4372

power. Built to be an en­gag­ing en­try level bike that’s also ideal for rid­ers mov­ing to their first big bike, it has the zest and han­dling to keep ex­pe­ri­enced rid­ers happy too.

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