Motorcycle finance helps you spread the cost of a new or used motorcycle. Instead of paying the full amount upfront, you can pay monthly with interest. Black Horse offer a range of financial options to allow to get out on the road with a payment plan flexible to your needs, with different preference options available for your circumstances, such as Personal Loan, Hire Purchase and Personal Contract Purchase (PCP).
Each of these products works a little differently, but in general terms, the finance company will buy the motorcycle on your behalf and then you will repay the amount borrowed, plus interest - when you have paid the final repayment the motorcycle will be yours. The exception is Personal Loan where you own the motorcycle from the outset.
The choice is yours:
Dependant on the product you choose, you would typically pay a deposit and make monthly repayments from 1-5 years to tailor the finance to meet your budget. Where the product is secured against the motorcycle for the duration of the agreement (not in the case of a Personal Loan) the motorcycle will be owned by the finance company (not the dealer). You do not take title of the motorcycle until the final repayment is made.