Second-hand Motorbike Finance UK

Drive your dream bike home today, with a motorbike finance package from Black Horse

At Completely Motorbikes we work with Black Horse to offer our customers a full range of easy motorbike finance options. We’re able to offer low rate motorcycle finance on either a hire purchase or a PCP (Personal Contract Purchase) basis. 

Motorbike finance is available on our entire stock, subject to status and affordability checks, to UK residents of 18 years or older. Black Horse is regulated by the Financial Conduct Authority.

 

Motorbike Finance Offers

Unsure which finance option might suit you? Have a read below and consider your options. We have set out the key aspects of each type of finance we are able to offer.

At Completely Motorbikes we are impartial and do not offer any financial advice to our customers, instead stating only the facts, enabling you to make the financial decision that suits you and your financial situation. Our sales team is not targetted on sales or on the selling of finance, so how you choose to purchase your bike is entirely up to you.

Motorbike Hire Purchase

Hire Purchase is a well-known phrase but that doesn’t necessarily mean that everyone knows what it entails. We’ve broken down the main points for you below to help you decide if using hire purchase to buy your next motorbike might be the right option for you: 

  • Allows you to spread the cost of buying your motorbike over an agreed period
  • You own your motorbike outright at the end of the agreement
  • No annual mileage limitations
  • Your purchase is subject to interest at an agreed rate 

To choose Hire Purchase:

  1. Decide which bike you want to ride away on
  2. Agree on a suitable deposit
  3. Agree on a loan period - between one and five years 

Black Horse will use the information you provide, together with your financial status, as indicated by your credit score and your credit history, and their affordability checks, to calculate your monthly repayments inclusive of interest. 

 

Motorbike PCP (Personal Contract Purchase) 

PCP or personal contract purchase is a less-well-known motorbike finance option that some people may never have heard of. We’ve broken down the key points of PCP below, to help you to understand how this motorbike finance option could help you secure the motorbike you want:

  • Lets you keep your repayments lower by deferring a significant portion of the financial credit until the final repayment at the end of the agreement 
  • Can be useful for customers who want to be able to upgrade to new models and keep options open
  • Agreement periods between two and four years
  • Your purchase is subject to interest at an agreed rate 
  • Final payment is optional and based on the bike’s guaranteed future value (GFV)

To choose PCP:

  1. Decide which bike you want to ride away on
  2. Agree on a suitable deposit
  3. Agree on a loan period - between two and four years 
  4. Estimate how many miles you will travel on your bike each year - maximum 24,000 miles annually

Black Horse will use the information you provide, together with your financial status, as indicated by your credit score and your credit history, and their affordability checks, to calculate your monthly repayments inclusive of interest. This process will also generate your optional final payment. 

At the end of the loan period, you will have three options:

  1. Pay the optional final repayment, in order to take ownership of your motorbike
  2. Part exchange your bike against a newer model, using any equity as part of the deposit on your new purchase
  3. Return the motorbike in good condition, having not exceeded the agreed mileage

Your optional final repayment is based on the guaranteed future value (GFV) of your motorbike and is stated at the start of the loan period. 

The above should be used only as a guide and should not be taken to constitute financial advice. For a more detailed discussion about your motorbike finance options with Completely Motorbikes please either fill out our online form here, call us or pop into your closest branch. 

Credit is subject to status and additional affordability checks. UK residents aged 18+ only.
© 2018. Black Horse Limited Registered in England and Wales with registered number 661204.
Registered Office: 25 Gresham Street, London EC2V 7HN
Authorised and regulated by the Financial Conduct Authority