We're here to help you purchase the Honda you desire at a monthly repayment you can afford. We have years of experience and expertise in providing finance to bikers. We understand that as riders we all have different needs and we pride ourselves on tailoring contracts that fits your needs.
Want to own your Honda motorcycle outright at the end of your agreement? Financing your new Honda motorcycle doesn’t really get much simpler or more straightforward than it does with Honda Hire Purchase (HP). This is a finance product from Honda Financial Services that lets you budget effectively because the interest rate and monthly payments remain fixed for the entire duration of the agreement.
So, how does this work?
Hire Purchase may not be right for you so please review our Personal Contract Purchase [PCP] finance product to make sure you choose the right product to suit your needs. Alternatively, please get in touch with your local Honda dealer so they can discuss with you the most appropriate financing solution to suit your needs.
Personal Contract Purchase (PCP) is a flexible funding solution that delivers peace of mind by guaranteeing a future value for your Honda motorcycle. PCP is designed to keep your monthly payments lower compared to other types of financing like Hire Purchase.
PCP is one of two finance products available to you from Honda Financial Services to help fund your Motorcycle.
PCP allows you to keep your monthly repayments lower by deferring a proportion of the credit to the end of the agreement, and also giving you the flexibility of 3 options at the end of the agreement.
When it comes to the end of your agreement, you will have 3 options to choose from:
Retain - You can keep your motorcycle – pay the GFV 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 GFV – if you have exceeded your agreed mileage or the motorcycle is not in a good condition, then there may be additional charges to pay.
Renew - You can part exchange your motorcycle. Then together with your Honda dealer, you can then start looking at your next Honda.
PCP is a form of motorcycle finance that is particularly suited to certain circumstances. PCP might not be right for you so please take a look at our HP finance product to help you decide which type of financing works for you and don’t hesitate to get in touch with your local Honda dealer to find out more.
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 take ownership of the goods from the start of your agreement.
So, how does this work?
There are some aspects of Restricted Use Loan (RUL) that you need to be aware to help you make an informed choice to decide if HP is right for you.
If you use our RUL to fund your motorcycle, there are no mileage limits as part of the finance agreement.
If you use our RUL to fund your motorcycle, the Total Amount Payable (overall cost) is likely to be lower than PCP on an agreement over the same term.
You have the right to withdraw from your RUL agreement within 14 days from the start of your agreement. You can also partially or fully settle your agreement at any time (subject to the terms of the agreement).
You take ownership (title) of any goods purchased with the loan at the start of the agreement, not when you make the final payment. Unlike a PCP or HP agreement, our RUL is not secured against the motorcycle.
If applicable, clothing and accessories not linked to the motorcycle can be included or funded separately using our RUL Product.
RUL may be more suitable for funding your motorcycle if you plan to use the motorcycle for delivery work and are not eligible for our Hire Purchase or Personal Contract Purchase products.
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. Your Honda dealer will be happy to assist you with this.
C J Ball & Son is authorised & regulated by the Financial Conduct Authority, our firm reference number for consumer credit is 307616. C J Ball & Son act as a non-independent credit intermediary for a limited number of finance lenders & insurance providers. C J Ball & Son is not a lender. For more information please request a copy of our Initial Disclosure Document by calling 01603 307500.