Buy new on PCP

This is how the system works...

● Get your budget worked out, based on what you can afford as a deposit and as monthly repayments for the duration of the contract

● You can get PCP on any amount from £1500 upwards

● Choose your new motorcycle (or a used one, as bikes up to three years old can also qualify; see right)

● Set a repayment term of between two and four years

● Set your annual mileage up to 24,000 miles a year. Your annual mileage will affect your monthly payments and future value. Most deals are based on 4000-6000 miles

● Decide on which end-of-agreement option is best for you when the time comes. Most roll on to another bike

This option’s great if...

● Not owning the bike outright doesn’t bother you

● You like to keep your options open

● You’re after flexible deposit options

● You can work with a mileage allowance of up to 24,000 miles a year (more will incur penalties)

● You want to pay over a period of two to four years in regular, relatively small, monthly payments

● You want to pay equal monthly payments across the term

● You are worried about a fall in the value of the bike (thanks to the ‘G’ in Guaranteed Future Value)

At the end of the contract...

● Part-exchange the motorcycle for another one, subject to settlement of your existing finance agreement

● Return the motorcycle. If it’s in good condition and has not exceeded the allowed mileage you will have nothing further to pay

● Hand over the final payment figure and keep the bike

Be aware that...

● You do not own the motorcycle and won’t unless you pay the final ‘balloon’ figure at the end of the term

● You must have fully comprehensive insurance cover in place throughout

● Excess mileage charges apply if you go over the agreement

● Abuse or neglect will damage your bike’s guaranteed future value

● Your motorcycle is at risk of repossession if you do not maintain contractual repayments.