MONEY FOR NOTHING
These brilliant 0% interest deals mean funding your new bike has never been cheaper
With interest base rates at an alltime low, the cost of borrowing cash has never been cheaper. When you combine these unprecedented times with bike manufacturers’ desire to shift old stock, you’ve got the recipe for some very tasty 0% deals.
With no interest to pay, you get the luxury of paying off the value of the bike on a monthly basis over two, three or four years, and you’ll own the bike at the end of the term, too.
Hire purchase explained
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 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. However, be aware that... O You must have fully comp 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 actually own the motorcycle until all of the payments have been made
‘You can have a new bike for less’