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.

 

Hire Purchase

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.

More manageable than you might think

So, how does this work?

  •  Choose the motorcycle you want.
  •  Agree how much deposit you would like to put down.
  •  The rest of the cost of the motorcycle, plus interest, is paid in equal monthly payments.
  • You can then adjust the length of the agreement to suit you, anywhere between 1 and 5 years to fit the monthly payment you would like.
  • Once you’ve paid all the monthly payments and the option to purchase fee, you own the motorcycle.

Choose the right product:

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

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.

How it works

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.

  • Firstly, choose the Motorcycle you want.
  • Agree how much deposit you would like to put down.
  • Then, estimate how many miles you will ride each year
  • Consider how long you would like your agreement to run, between 2 and 4 years.
  • We will then use this information to calculate a Guaranteed Future Value [GFV] – this is what we predict the value of your motorcycle to be worth at the end of the agreement.
  • The Guaranteed Future Value is deferred until the end of your agreement.
  • Your monthly payments are worked out on the difference between the GFV and the price of the motorcycle once your deposit has been taken off and interest added. This means you have lower, fixed monthly repayments.

You decide

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

       or

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.

     or

Renew - You can part exchange your motorcycle. Then together with your Honda dealer, you can then start looking at your next Honda.

 

Choose the right product

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.

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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.