John Banks Finance

PCP (Personal Contract Purchase) a simple cost effective way to buy your new or nearly new motorcycle.

You choose the bike, the deposit, how long you want the contract to run for and the mileage you intend to do. You will then receive a quote for fixed cost motoring for the length of the contract. At the end of the contract you have a choice to either buy the vehicle outright for an agreed lump sum (the GFV (guaranteed future value/  final balloon payment), or hand the vehicle back to the lender.

It's as simple as that.

Another option for purchasing a vehicle is a personal loan.It is what it says, a loan.

1. You decide which model and how much deposit you pay.

2. We calculate for you how much you want your fixed monthly payment to be and over how long. So you know up front how much your Honda will cost you each month, until it’s paid off.

Hire Purchase allows you to take ownership of a vehicle once all payments are made. This is one of the most popular methods to buy a new vehicle. You pay an initial deposit, then pay off the balance in monthly payments over an agreed period of time, when the payments are complete the vehicle is yours. One of the main benefits with Hire Purchase is the ability to buy a high value vehicle on monthly payments. Hire Purchase allows you to tailor your finance package as deposit, length of time and monthly payments are all flexible.