In this current financial climate we don’t always have the funds available to purchase a vehicle outright which is why we offer finance with Black Horse Motorcycle Finance and Close Motor Finance. It is quick and easy to apply you can do it on line by clicking our ‘apply for finance’ link and we will call you back and let you know how we get on, you can call us and do it over the phone or just pop in store with your full driving licence (both parts, card and paper) and we can do it while you wait it only takes about 5 minutes. You can discuss and choose your new bike while you are in store and if accepted all we need from you will be a £99 deposit.
Finance options could help you ride a better bike than you thought. There are different ways to finance your motorcycle:
Personal Loan – a loan you repay in instalments over an agreed length of time. Available to 18+ year old riders soley or with a garantour.
Hire Purchase – a popular way to finance a bike. Once you've made all the payments, you own the motorcycle outright.
Ride On Personal Contract Purchase – a type of hire purchase that gives you three options at the end of the agreement term: return the bike, part exchange it or buy it outright.
Finance is subject to status and you must be a UK resident aged 18 or over to apply. Indemnities may be required.
If you would like more information about the finance available please give us a call or check out the Black Horse Web Site by clicking the icon below.
Conditional Sale (CS)
Conditional Sales agreements involve a finance company (the creditor) purchasing a vehicle on behalf of the customer (the buyer), which allows the customer to pay for the vehicle in instalments. This enables the customer to pay a deposit and take immediate possession of the vehicle; however, the title to goods remains with the creditor until the buyer satisfies the conditions of the agreement. In other words, the finance company own the vehicle until all payments have been made.
Hire Purchase (HP)
A Hire Purchase agreement is much the same as a conditional sale agreement. The only difference between them is simply that under hire purchase, the consumer is under no obligation to take title to the goods, whereas under conditional sale, transfer of title is automatic upon the completion of the condition (usually of course, the full payment of the vehicle).
Hire Purchase and Conditional Sale agreements are simple and easy to arrange at a dealership. They are convenient, on the spot, finance options which offer flexible repayments suited to the buyer. Interest is fixed so you have a fixed monthly payment. A deposit secures the vehicle and regular payments are made over a pre-agreed period, usually 12–60 months.
You do not own the vehicle until the end of the contract, which means you cannot sell the vehicle at any time during your contract without the financier’s approval.
The vehicle can be repossessed if you do not make your payments.
If you have paid a third or more of the vehicle’s value, and dependent on the type of finance agreement, you can have additional legal rights and if you default on payments, the financier would have to obtain a court order to repossess the car.
To reduce monthly payments, a larger payment or lump sum called a balloon payment can be made at the beginning or end of the agreement period. Often the customer would pay a balloon payment on the last installment of their lease.
Guaranteed Asset Protection Insurance (GAP)
This product provides protection for any shortfall liability of the balance between the market value placed on the vehicle and paid out by the motor insurer, and the amount required to settle the outstanding balance in the case of a write-off or if the vehicle is stolen.
Credit Protection Insurance (CPI)
Credit Protection Insurance protects you if you have an accident, fall ill or lose your job. In any of these circumstances, this product will ensure you do not fall behind with your finance payments.
The term annual percentage rate (APR) refers to the interest rate, as applied to finance, for a whole year rather than just a monthly fee/rate. In short, it is a finance charge expressed as an annual rate and can be used as a benchmark by which you can judge the cost of borrowing.
If you would like more deails please give us a call or visit the Close web site by clicking the icon below.
Your bike finance plan helps to spread the cost of a new or used bike. Instead of paying the full amount up front, you pay monthly with interest. Our dealerships offer a range of finance products to suit individual preferences and circumstances, such as Hire Purchase, Personal Contract Purchase and Lease Purchase.
Credit is subject to status and is only available to UK residents aged 18 and over. Finance provided by Suzuki Finance, which is a trading style of Suzuki Financial Services Limited, St William House, Tresillian Terrace, Cardiff, CF10 5BH.
Terms and Conditions
Finance is available to UK residents aged 18 years or over, subject to status. This video is intended merely to give you information on how Hire Purchase works. Suzuki Finance is a trading style of Suzuki Financial Services Limited, part of Lloyds Banking Group, St William House, Tresillian Terrace, Cardiff, CF10 5BH.
Your regular monthly repayments are low because it is the nature of a PCP product that a significant proportion of the total amount payable is repayable at the end of your agreement by one large final repayment payable one month after you have paid all your other repayments.
Credit is available to UK residents aged 18 years or over, subject to status. If finance is needed when making a part exchange, you will need to enter into a new agreement (subject to status). Under the goods return option, you will have to make additional payments if the car is not in good condition for its age and mileage, or if the car has exceeded its allowed mileage. This video is intended merely to give you information on how Personal Contract Purchase works. Suzuki Finance is a trading style of Suzuki Financial Services Limited, part of Lloyds Banking Group, St William House, Tresillian Terrace, Cardiff, CF10 5BH.