Motorcycle finance… not the most glamorous of topics !

However as a Sales Person in the Motorcycle industry, I want to use this platform as a way to inform fellow riders on this subject and help them to understand the main differences between the two types of motorcycle finance – HP finance and PCP finance.

Selling bikes to customers on the daily, I hear many things from customers about finance that are just plain nonsense, when I ask them where they heard that information… I usually hear ‘a friend told me’.

I just want to set the record straight and answer any questions you guys may have.

Before I delve into this subject matter, much of this information is provided by Black Horse as well as my own knowledge and experience and I aim to debunk some myths and common misconceptions associated with motorcycle finance.


Okay, lets get into it.

We can understand what Motorcycle Finance is with Black Horse’s official definition:

Motorcycle finance helps to spread the cost of a new or used motorcycle. Instead of paying the full amount upfront,
you can pay monthly with interest.

Fairly simple right? Well, there are a few options that people buying motorcycles on finance are presented with, which gives the customer a few different avenues as to how they can manage their spending efficiently and in the best way for their circumstances.

The two types of finance that will be discussed are HP finance and PCP finance.


What is HP finance?

HP finance is referred to many people as ‘standard finance’ and stands for ‘Hire Purchase’.

Simply put, with this method you will put down a deposit, the higher the deposit you can put down, the lower the monthly payments will be. Once you pay your final monthly instalment, you then own your bike instead of the finance company.

You can agree to make repayments from 12 months to 60 months.

Paying off the bike in 12 months will come with higher monthly payments but you will own the bike much quicker than if you pay the lowest monthly payment possible over 5 years.

With a 5 year agreement, payments will be exceptionally low however you will end up paying much more interest on the bike over the span of the agreement.

The maximum age of the bike at the end of the agreement is 14 years old. So if the bike is 12 years old, you could take finance out on it with a two year agreement, but no longer.


What is PCP finance?

PCP finance stands for Personal Contact Purchase. With PCP, you put down a deposit, keep your monthly repayments lower than you would on HP finance by deferring a significant proportion of the amount of credit at the final payment at the end of the agreement. In easy terms you pay a deposit, pay lower monthly payments but have a large final payment at the end.

You need to agree an initial deposit, how many miles you are likely to ride each year and how long you want the agreement to run for and the dealer will then calculate the Guaranteed Future Value (GFV) of your motorcycle and confirm your monthly repayment.

What is the Guaranteed Future Value you ask? According to creditplus.co.uk, a GFV is a figure on which a balloon payment is based. GFV is calculated based on predicted residual value of a vehicle, which in turn is calculated according to information from trade guides and takes factors such as depreciation, mileage and condition into account.

At the end of a PCP agreement, you have a few options. You can either:

1. Pay off the final payment in a lump sum.

2. Further finance the final payment if you wish to keep the bike but cant afford a big ole payment

3. Use the positive equity in the current bike as a deposit for a brand new model of bike

4. Hand the bike back to the finance company and have nothing further to pay (but with this option, you must adhere to your mileage allowance and keep it in         decent nick – else you’ll get hit with mileage and/or condition charges)


During HP & PCP Finance:

1) You can change your repayment date during the first 30 days of your agreement free of charge. A loss of interest charge is payable after the first 30 days.
2) You will have fixed monthly repayments with a fixed interest rate for the term of your agreement.
3) You can make additional lump sum repayments to reduce your balance or settle your agreement at any time. We will provide you with a settlement quotation
on request.
4)  You can part exchange your motorcycle at any time subject to settling the outstanding finance. New finance agreements are subject to status.
5) If the goods are not of satisfactory quality, you will have rights against the finance company you went with.



1) YOU NEVER OWN IT ON PCP – Wrong! It’s a purchase plan , you own it when you make the final payment just like HP.

2) YOU HAVE TO PAY IF YOU GO OVER THE MILEAGE ON PCP – Correct but ONLY if you return the bike to the finance company, it doesn’t apply if you trade it in to a dealer. 99% of customers don’t return it to the finance company… The mileage charge is only 6p a mile for the first 5000 miles over, so 5000 miles over your contract would be £300 – the bike would devalue more than that in CAP with a 5000 mile adjustment. Basically, if you dont intend to hand it back to a dealer, you could in theory, pay a lesser monthly payment (through doing less miles a year) and you wont incur a penalty at the end of the agreement if you trade it in with a dealer. However if the worse case scenario happens and you have to give it back to the finance company, if you selected low miles and massively exceed them, it could be quite costly.

3) YOU CAN’T PUT EXTRAS ON IF YOUR BIKE IS ON A PCP – You can put all the customisation parts on it you like and either leave them on at trade in or take them off and re-sell separately. Just if you do wish to remove them, if you cant do it yourself or it requires  engine mapping (or example if you were putting on a standard exhaust) consider potential labour costs.



If you require anymore information, I recommend you check out this really useful PDF:  file:///C:/Users/keffi/Downloads/blackhorseebook%20(3).pdf

I would like to thank David Rothwell at Black Horse for providing me with the above information and assisting in making this post happen.

Hope this was of some use to you guys and will benefit you when you next decide to buy a bike on finance.

If you have any questions – please ask in the comments box!





A year of modifying my Duke 690 Before/ During/ After

There is a saying, it’s better to be someones shot of whisky, than everyone’s cup of tea.

I first bought my KTM 690 Duke in September 2016 after putting 500 miles on a work’s demo bike and completely falling in love with it.

Why? It was light in weight, had a beautiful TFT dash and at its heart was a wonderfully, stroppy single cylinder engine.

I’d been eyeing up this bike in the showroom for a while. I liked it, in fact I loved it. When I took out the demo bike, I loved how it rode and how it made me feel like a faster, better, more competent rider. The one thing I couldn’t stop thinking about was how I was going to buy it and change it visually to make it different to any other KTM 690 Duke on the market.

Working at a KTM dealer at the time, and having KTM’s bike configurator open on the computer in front of me most days – curiosity got the better of me and I started scrolling through the masses of accessories at my disposal.

Here the first picture I had taken of me with my new machine.

At this stage, I had got an Akrapovic End Can put on and that was the only thing that had been changed. So it was still pretty standard at this stage.

I still had massive plans for the bike. I was happy with the end can. It looked much meaner than the boring silver stock can and is supposed to add 3 bhp which wasn’t really noticeable to me from riding the standard version days before, however I had a much bigger smile on my face when riding through tunnels. The engine note was a lot deeper, had a more refined rumble to it, and of course there wasn’t a baffle in sight.

Next on my list was a:

Tail tidy

Full Akrapovic Exhaust System/ complete with Akra cat, Akra map and air box

After ordering the parts, it was time to fit them! The process of fitting the exhaust was making me nervous. As someone who’d just bought a brand new bike, seeing it pretty much dismantled made my stomach churn. Thankfully I knew the mechanic so I trusted him to put it back together correctly!

Whilst it was getting taken apart, it turns out my boyfriend http://www.instagram.com/hypermotardmike bought me a graphics kit and some crash bars! So at this stage, we threw everything on.

Tail tidy ✓ graphics ✓ new exhaust ✓ crash bars in black ✓ – it was starting to look far better!

I took the bike to the Isle of Man to watch the 2017 TT with my dad. When taking photos of my bike and looking at it, there was one thing that was really bugging me – the orange stripe on the front!

I wanted to take my KTM away from the usual orange branding and sterotypical look of a KTM. I had removed any 690 graphics and wanted people to wonder what make/ model the bike actually was! I had a head start in completely ridding it of orange with the help of the black frame and white panels – which was a new colour option for 2016! (the previous year’s colour options were black panels/ orange frame or white panels/ orange frame) so I was trying my hardest to steer away from any orange on the bike at all. When I got back to Manchester, I was thinking about ways to cover it, but in the end, I decided just to peel away the graphic panel with it on, I didn’t mind it looking a little unsymmetrical, I wanted it to be quirky after all.

The next part of the make over is where I decided to take a bit of a risk.

I racked my brain for ages about the different colour options I could take my bike down as I liked black and white, but I wanted to inject some colour into it, some fun! After all it is a KTM.

So after pondering back and forth between blue, red and mint green rim tape, I decided at the last minute to pick none of those colours and go for red and yellow!

I was worried it was going to look a little Rupert the bear-ish, but had faith that it would tie in with the existing Akrapovic exhaust stickers!

I wont lie, at first I was a little worried that it looked a bit… dare I say, garish?!

But it kept growing on me and I’m glad I chose something a bit outlandish.

It was starting to get there… but I still wasn’t done!

The graphic kit came with airbox stickers, but I didn’t like them. They looked too retro and it didn’t look right with the bike in my opinion.

I just felt like it was a little bare looking as you can see from this image below:

It is here where I decided to get some custom stickers made for my air box covers.

I used a company called Crispy Designs who have a large presence on instagram.



Whilst I had ordered my air box cover stickers, I had ordered black bars and smaller indicators. It frustrated me that when the new 2017 duke 125 and 390 dukes were rolling into our showrooms with their updated designs, these bikes came with small indictators and black bars as standard! I just thought it finished off the aesthetics beautifully.

So we began to change them.

Below silver bars and big, standard indicators

Here, small indicators and silver bars

Here big, standard rear indicators and silver bars


Below, small rear indicators and silver bars

Below, silver bars replaced by black bars – much more stealthy and expensive looking.



The final touch was a seat cowl complete with matching graphics, black levers and the custom air box cover stickers.

Here is the finished result! I honestly think I am done with it now. I’m not quite sure there is much else I can add to it!

If you have any questions about my bike or the things that have been done to it, please feel free to drop me a comment!

Thanks for reading!