Finance

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Moonraker Motorcycles are not a lender. All finance is subject to status and availability, and must be a UK citizen aged 18 and over.

All finance applications are submitted by FCA (Finance Conduct Authority) approved staff.

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Conditional Sale (CS)

With conditional sale, you put down a deposit and borrow the remaining cost of the vehicle, paying it back monthly over the term of the agreement. Choose this option if you want to own the vehicle at the end of the agreement. 

The amount you borrow is secured against the vehicle. Repayments are fixed throughout the agreement and spread equally throughout the term, which can be up to five years (60 months). There is no lump sum to repay at the end of the agreement, unless an optional balloon repayment is set. There are some restrictions on which vehicles can have a balloon repayment; where this is allowed, it is payable at the end of the agreed term.

Under the terms of a conditional sale agreement, you have an obligation to pay the title transfer fee and then you become the legal owner of the vehicle.

Hire Purchase (HP)

With hire purchase, you pay a deposit and then the remaining amount borrowed is spread across monthly repayments. Choose hire purchase if you plan to repay the full cost of the vehicle but also want an option to hand it back after your final repayment. 

The amount you borrow is secured against the vehicle. Repayments are fixed throughout the agreement and spread equally throughout the term, which can be up to five years (60 months).  

An optional balloon repayment can be set on a hire purchase agreement. This option has some vehicle restrictions and the balloon repayment is payable at the end of the agreed term. When the final payment is made, you can also choose to pay the ‘option to purchase’ (OTP) fee to become the legal owner of the vehicle.

At the end of the agreement there is no lump sum. Instead, you’ll have two options: 

  • Pay an OTP fee and become the full legal owner of the vehicle

  • Hand the vehicle back to us and walk away. We will remain the legal owner of the vehicle

Personal Contract Purchase (PCP)

Like conditional sale and hire purchase, with personal contract purchase (PCP), you pay a deposit and then the remaining amount borrowed is split into monthly instalments. PCP is great if you want to change or upgrade your car or motorcycle* at the end of the agreement.

With PCP, we guarantee the minimum the vehicle will be worth at the end of your agreement based on the agreed annual mileage and maintenance of the vehicle (any excess mileage and/or damage may incur additional charges). This value is known as the ‘Guaranteed Minimum Future Value’ and by deferring this amount to the end of the term, you could benefit from lower fixed monthly payments compared to our HP and CS products. 

The finance is secured against the vehicle. Repayments are fixed throughout the agreement and spread equally throughout the term, which can be up to four years (48 months).

At the end of the agreement, you’ll have three options:

  • Part-exchange it – use any value left in your vehicle to part-exchange it for a new one

  • Buy it – pay off the final payment (Guaranteed Minimum Future Value plus the Option to Purchase Fee (OTP)) in one lump sum and become the legal owner

  • Hand it back – simply hand back the vehicle and the keys, pay any charges incurred, and walk away

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Simple bike and motorbike finance

As quoted from First Response Finance's website

We have been providing motorbike finance to UK customers since 2004, which makes us one of the longest standing and most experienced companies in the UK.

Our motorbike finance process is simple and efficient; apply online by providing personal, address, and vehicle details. The bike you choose can be from any motorbike dealer in the UK who has FCA permissions (this means they're legally allowed to sell finance).

 

Hire Purchase agreement

When you get a motorbike on finance with us the agreement is called a Hire Purchase. Hire Purchase is one of the most common ways of financing a motorbike in the UK and consists of spreading the costs with monthly payments for an agreed period of time.

Fixed Criteria

  • Minimum 21 years of age

  • Minimum 125cc motorbike

  • Petrol maximum mileage of 120,000

  • You are a UK resident

Flexible Criteria

  • £2,000 - £10,000 lend
    (up to £15,000 in certain circumstances)

  • 18 - 60 month agreement
    (majority are 24-36 months)

  • Deposits are not required

  • CBT licenses considered

What motorbikes do we finance?

We will finance almost any motorbike from a 125cc KTM Duke to a 1198cc Ducati Diavel.

In the past we have financed motorbikes from a range of bike manufacturers including: Triumph, Yamaha, Kawasaki, Honda, AJS, Harley Davidson and Suzuki.

You also have the finance option of newer bike manufacturers, for example Hyosung and Sym. If you have a question regarding finance on newer motorbikes then just ask, we will always do our best to get you on the motorbike of your choice.

Our Process

We have worked hard over the years to try and make our motorbike finance application as simple as possible. Below is an idea of how your application will be processed – as your application is subject to status you may not reach all of the steps below.

  1. Apply online

  2. We send you a text and/or email asking for the perfect time to call you

  3. We’ll call you when requested and have a 10-15 minute chat

  4. We will give you a rough quote to give you an idea of costs and what we can lend you

  5. You find your dream bike and give us the details

  6. We do a full quote – this will be a true figure based on the bike you have chosen

  7. We send the documents to you/the dealer so you can read and sign them

  8. We receive the documents back, send the money to the dealer & you can ride away!

Please note, all of this can be done within 1 day (subject to individual circumstances)

 

CBT licences

We are able to finance customers who only have a CBT (Compulsory Basic Training) licence to purchase a motorbike on finance. The motorbike you wish to finance must be at least 125cc.

Hire Purchase Pros & Cons

Pros

  • Simple to arrange

  • Fixed monthly repayments

  • Fixed interest rates

  • Flexible term lengths 18-60 months

  • Vehicle belongs to you after final payment

  • Deposits not required

  • No annual mileage restrictions

  • You are protected under the Consumer Rights Act 2015

Cons

  • The vehicle is at risk of repossession if you do not keep up repayments

  • You do not own the vehicle until your final payment

  • Hire Purchase is not suitable if you plan on paying off your motorbike finance within 6 months

  • Finance is subject to status and not guaranteed

Independent advice

We believe all customers should be happy with the motorbike they have chosen and all details of their motorbike finance before they sign the documents. If necessary we will always encourage customers to seek independent advice on finance, debt or dealing with money

The below link will take you to an independent government website which will educate and inform you about your options of a finance agreement.