Honda Financial Services

Personal Contract Purchase (PCP)

A PCP is an increasingly popular way of funding a new Honda motorcycle. You can get onto your new motorcycle and out on the road with monthly payments that are lower than some alternative finance products.

How it works

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.

So, how does this work?

  • 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.

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.

Finance as individual as you are

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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