Personal Contract Purchase is a finance product offered by Honda Financial Services that provides a flexible funding solution to get you on your new motorcycle and out on the road with monthly payments that are lower than some alternative finance products.
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?
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.
PCP may not be right for you. So, check out our other finance products to make sure you choose the product that best suits your needs and then contact your local Honda dealer for more details or for a personalised quote. The product you choose should provide a monthly payment that is sustainable, whilst also meeting your needs and circumstances best. Your Honda dealer will be happy to assist you with this.
M&P Direct Limited is registered in England and Wales under company number: 03928542. Phoenix Way Garngoch Industrial Estate, Gorseinon, Swansea, SA4 9HN
M&P Direct Limited is authorised and regulated by the Financial Conduct Authority, under FCA number: 678577. We act as a credit broker not a lender. We work with a number of carefully selected credit providers who may be able to offer you finance for your purchase. (Written Quotation available upon request). Whichever lender we introduce you to, we will typically receive commission from them (either a fixed fee or a fixed percentage of the amount you borrow). The lenders we work with could pay commission at different rates. All finance is subject to status and income. Terms and conditions apply. Applicants must be 18 years or over. We are only able to offer finance products from these providers.
M&P Direct Limited are registered with the Information Commissioners Office under registration number: Z6142034