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Hire purchase is the most widely used form of motorcycle finance. A loan secured on the bike itself, you pay a deposit (this is flexible) and finance the remainder of the balance over 24-60 months – the choice is yours. Once you have completed all the payments the bike is yours and you can settle the agreement at any time.
A hire purchase with a balloon payment allows you to offset a certain amount of what you are borrowing until the end of the agreement. This lowers the monthly payment when compared to a normal hire purchase agreement, however at the end of the agreement there you will need to settle the balloon payment.
Finance a dealer purchase with agreements from 12-60 months in length with or without a final “balloon payment“. We can help you to choose the right bike and will select the best lender for your personal circumstances and chosen vehicle. We recommend taking a regulated classic car finance agreement whenever possible.
Release the equity in your classic bike or collection. Under certain circumstances, this allows owners to release funds from their automotive assets to allow you to buy more vehicles or use the cash elsewhere whether it be for business or pleasure.
We can finance a motorcycle that is purchased privately (ie not from a dealer) under certain circumstances. This type of finance is not widely available – if you wish to finance a private purchase please get in touch.
Bid at an auction safe in the knowledge that the finances had already been pre-arranged, leaving you to get on with the bidding. We can organise a pre-agreed lending facility for you.
The facility can be agreed on a specific classic bike (or bikes) within an agreed price bracket (this obviously depends on the bike’s value). As auction houses generally specify that the invoice must go to the bidder (rather than a third party) we can either make arrangements to bid on a clients behalf or make the necessary arrangements to invoice the third party lender using our existing relationships with the auction houses.
We can obtain an agreement in principal for a restored motorcycle so that a percentage of its value can be agreed on in advance and funded at point of sale, meaning clients have options when it comes to payment.
Our knowledge of classic motorcycles allows us to make a value decision on a realistic completed value (taking into consideration factors such as specification, heritage and the market at point of sale) – something lenders are unable to do on their own. As independent experts, our valuation and informed opinion on the asset allow funders to get a second opinion and lend against it.
Our buyer’s funding plans offer flexibility and reduce admin and fees for multiple purchases. Please get in touch to find out more.