Finance: 'Get yourself a new bike for less'

Published: 15 February 2017

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Personal Contract Purchase now finances 20-30% of all new bikes sold in the UK, and it’s growing fast. But it might not be right for you, so make sure you understand what it is and how it works.

You can have these new bikes for less than you might have ever imagined – and what’s more you can have another new one in three years’ time, probably without increasing your monthly outlay, or having to find a fresh deposit.

This is how it works…

● Work out what you can afford as a deposit and in monthly repayments for the duration of the contract.
● You can get PCP on any amount from £1500 upwards.

● Choose your new motorcycle (or a used one – bikes up to three years old can also qualify).
● Set a repayment term of between two to four years.

● Set your annual mileage at up to 24,000 miles a year. Your mileage will affect your monthly payments.

● Decide which end-of-agreement option is best for you when the time comes – most roll on to another bike.

Be aware that…

● You do not own the bike, and won’t unless you pay the final balloon figure.

● A significant proportion of the credit is deferred until the end of the contract, and it’s not the cheapest route to ownership.

● You must have fully comprehensive insurance.

● Excess mileage charges apply.

● Abuse or neglect will damage. your bike’s guaranteed future value.

● The bike is at risk of repossession if you do not maintain repayments.

Aprilia Tuono Factory – £148.42 per month

077cc | 184kg | 175bhp | 825mm

Cash price: £13,044

Deposit: £2500

Mileage: 4000pa

Term: 49 months

Rate: 8.9% APR

Final repayment: £6415

To make way for the new Euro4-compliant model in 2017, selected Aprilia dealers such as Wheels Motorcycles in Peterborough (www. wheelsmotorcycles. co.uk) have cut £3000 from a pre-registered 2016 Aprilia Tuono V4 Factory, which means you can pick up this piece of naked exotica for an amazingly low monthly payment. This is one of MCN’s all-time super naked favourites thanks to its stunning 175bhp V4 power, excellent electronic rider aids and race-bred Öhlins suspension. The Italian machine is the very definition of a super naked as it handles and performs very much like its superbike stablemate the RSV4, just with the added fun factor that comes from flat bars. Irresistible with its polished frame, Superpole graphics and Brembo calipers, the £148.20 per month tag makes it all the more alluring.

Yamaha MT-10 – £168.47 per month

998cc | 210kg | 160bhp | 825mm

Cash price: £10,136

Deposit: £500

Mileage: 6000pa

Term: 49 months

Rate: 8.9% APR

Final payment: £6415

The MT-10 took top honours in the unfaired nutter class in this year’s MCN Awards. With the addictive and torque-filled crossplane motor from the R1 in a flat-barred, space-age-styled chassis, the MT-10 will turn the most shy and retiring of riders into monowheeling stunt monkeys. It’s a hoot.

Ducati Monster 1200 R – £156.20 per month

1198cc | 180kg | 160bhp | 830mm

Cash price: £15,687

Deposit: £4085

Mileage: 5000pa

Term: 36 months

Rate: 6.6% APR

Final repayment: £7912

The lovable Monster now comes in a roaring R version – one that can easily match the performance of a full-blown superbike of a few years ago. It handles, has more power and ground clearance, is sharper, more attractive and more desirable. For a large, powerful naked it’s hugely impressive.

Kawasaki Z1000 – £165.40 per month

1043cc | 221kg | 140bhp | 815mm

Cash price: £10,036

Deposit: £500

Mileage: 5000pa

Term: 36 months

Rate: 5.9% APR

Final repayment: £4867

The Zed Thou focuses on real-world thrills and recognises that honed throttle response, glitch-free engine delivery and refined, top-rate suspension and brakes are far more rewarding than top-line bhp. If power is nothing without control, the Z1000 is the naked that proves this ethos.

More finance options…

Looking for the perfect two-wheeled companion? Visit MCN Bikes For Sale website or use MCN’s Bikes For Sale App.

By Emma Franklin

Editor - Resident two-stroke nut and fully trained journalist, Emma’s passion for motorcycling has seen her work across many of the UK’s best-loved motorcycling titles over the past 19 years, before becoming Deputy Editor on the world’s number one biking weekly in 2020 and then Editor in 2024. A consumer journalist at heart, she’s dedicated to cutting through marketing waffle and putting manufacturers’ claims to the test in order to get to the truth. Passionate about all levels of road racing, and a former club racer herself, she’s still very much a paddock regular through her support of partner, Bruce Dunn’s racing exploits – so if you see her at a circuit, feel free to say hello.