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Ducati Financial Services in association with Black Horse Ltd offer finance solutions to help you turn your dream of riding your next Ducati into a reality, often at rates better than high street lenders.
Personal Contract Purchase (PCP) can help you to buy your dream Ducati with lower monthly repayments than a Hire Purchase (HP) product as a large proportion of the amount you repay is deferred into an optional final repayment. You will pay more interest on a PCP agreement than a HP agreement for the same loan amount, term and Annual Percentage Rate of Charge (APR) as your balance reduces more slowly due to the optional final repayment.
You will decide an initial deposit, term and how many miles you’ll ride each year.
The monthly repayment amount and the optional final repayment amount will be calculated based on the anticipated value of the Ducati at the end of the agreement.
At the end of your agreement, you have three options; part exchange your Ducati, return the Ducati (return conditions apply) or pay the option final repayment and own the Ducati.
You will decide an initial deposit, term and how many miles you’ll ride each year.
The monthly repayment amount and the optional final repayment amount will be calculated based on the anticipated value of the Ducati at the end of the agreement.
At the end of your agreement, you have three options; part exchange your Ducati, return the Ducati (return conditions apply) or pay the option final repayment and own the Ducati.
You can normally settle your agreement early by asking the finance company to provide you with a settlement figure. However, the finance company will require you to pay off the difference between what your vehicle is worth, and what you still owe and there may be a difference which is known as negative equity. On the other hand, you may find that at the end of your term your bike is worth more than the Guaranteed Future Value, which means you will have some positive equity to contribute towards your next purchase.
Speak to our team for more details on the specific agreement you are entitled to.
Hire Purchase (HP) is a finance plan that allows you to spread the cost of your Ducati by making monthly payments over an agreed term. You make higher monthly payments than with a Personal Contract Purchase (PCP) agreement as there is no final balloon repayment, instead, when you come to the end of the agreement and you’ve made all the repayments including any interest, you’ll own the Ducati.
You will decide an initial deposit and term.
Your deposit is taken from the price of the Ducati.
The remaining balance plus interest is paid in equal monthly repayments over the agreed term.
Once you’ve made all the payments including any interest, you will become the owner of the Ducati.
Credit is subject to status, available to UK residents aged 18 + and provided by Ducati Financial Services, which is a trading style of Black Horse Ltd, St Williams House, Tresillian Terrace, Cardiff, CF10 5BH.
The short answer is yes, you can end your finance early. There are different provisions within each finance agreement that allows you to do just that. If you have got through two-thirds of the way through your finance agreement, the options to end the finance agreement early open up.
For a Hire Purchase agreement, there is an option of paying it off early through a settlement fee. A settlement fee covers the cost of any remaining unpaid instalments and interest payments remaining on the agreement. Once the settlement fee is paid, you take full ownership early.
Under a Personal Contract Purchase agreement, you can also pay a settlement fee for bringing the agreement to an end early. After that, you can choose to hand the car back or you have a second option. Through a PCP agreement, you can take full ownership of the vehicle by paying off the remaining Guaranteed Minimum Future Value also known as a balloon payment.
F Vindis & Sons (Bedford) Ltd, F Vindis & Sons (Peterborough) Ltd, F Vindis & Sons (Sawston) Ltd, F Vindis & Sons (St Ives) Ltd and Vindis Group Ltd, is an Appointed Representative of Automotive Compliance Ltd, who is authorised and regulated by the Financial Conduct Authority (FCA No 497010). Automotive Compliance Ltd’s permissions as a Principal Firm allows F Vindis & Sons (Bedford) Ltd, F Vindis & Sons (Peterborough) Ltd, F Vindis & Sons (Sawston) Ltd, F Vindis & Sons (St Ives) Ltd and Vindis Group Ltd, to act as a credit broker, not as a lender, for the introduction to a limited number of lenders and to act as an agent on behalf of the insurer for insurance distribution activities only. We can introduce you to a selected panel of lenders, which includes manufacturer lenders linked directly to the franchises that we represent. An introduction to a lender does not amount to independent financial advice and we act as their agent for this introduction. Our approach is to introduce you first to the manufacturer lender linked directly to the particular franchise you are purchasing your vehicle from, who are usually able to offer the best available package for you, taking into account both interest rates and other contributions. If they are unable to make you an offer of finance, we then seek to introduce you to whichever of the other lenders on our panel is able to make the next best offer of finance for you. Our aim is to secure the best deal you are eligible for from our panel of lenders. Lenders may pay a fixed commission to us for introducing you to them, calculated by reference to the vehicle model or amount you borrow. Different lenders may pay different commissions for such introductions, and manufacturer lenders linked directly to the franchises that we represent may also provide preferential rates to us for the funding of our vehicle stock and also provide financial support for our training and marketing. But any such amounts they and other lenders pay us will not affect the amounts you pay under your finance agreement, all of which are set by the lender concerned. If you ask us what the amount of commission is, we will tell you in good time before the Finance agreement is executed. All finance applications are subject to status, terms and conditions apply, UK residents only, 18’s or over. Guarantees may be required.
