Funding solutions explained
Personal Contract Purchase is a finance product offered by Honda Financial Services that provides a flexible funding solution to get you on your new motorcycle and out on the road with monthly payments that are lower than some alternative finance products.
PCP typically offers a lower monthly payment than Hire Purchase. This is because we defer part of your loan repayment until the end of the agreement, when you will have three options.
At the end of your agreement you have the flexibility of 3 options:
Retain - you can keep your motorcycle - pay the final payment and the option to purchase fee, and you will own the motorcycle outright.
Return - you can hand your motorcycle back to us without paying the final payment - if you have exceed your agreed mileage or the motorcycle is not in a good condition, then where may be additional charges to pay. Excess mileage charges will be explained before you sign the agreement, so you will know what these may be if you go over your estimated mileage.
Renew - you can part exchange your motorcycle and subject to market value conditions, this should cover off the cost of the final payment.
Personal Contract Purchase may not be right for you so please review our other finance products or speak to your Honda dealer, to make sure you choose the right product to suit your needs.
It is important that the product you choose should provide a monthly payment that is sustainable, whilst also meeting your needs and circumstances best. Your Honda dealer will be happy to assist you with this.
There are some aspects of Personal Contact Purchase (PCP) that you need to be aware of to help you make an informed choice to decide if PCP is right for you.
Hire Purchase is the simplest and most straightforward way Honda Financial Services can help you fund your new Honda motorcycle. Interest rates and monthly payments remain fixed throughout the full term of the Hire Purchase agreement, and as soon as the final payment has been made the motorcycle is all yours.
Hire Purchase may not be right for you to please review our other finance products or speak to your Honda dealer, to make sure you choose the right product to suit your needs.
It is important that the product you choose should provide a monthly payment that is sustainable, whilst also meeting your needs and circumstances best.
Restricted Use Loan is a finance product from Honda Financial Services to help finance accessories, clothing or even your new Honda bike. It allows you to take ownership of the goods from the start of your agreement.
Restricted Use Loan may not be right for you so please review our other finance products or speak to your Honda dealer, to make sure you choose the right product to suit your needs.
It is important that the product you choose should provide a monthly payment that is sustainable, whilst also meeting your needs and circumstances best.