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White Bear Yard,,
Adlington, Chorley PR7 4HZ -
Mon-Fri: 8:00am - 5:30pm
Sat & Sun is closed -
Spread the cost of your vehicle by paying in fixed monthly instalments with terms from three to four years.
This product contains a balloon payment at the end of the finance agreement, which usually makes the monthly instalment amounts lower than a traditional Hire Purchase (HP) agreement. This is great for customers who like to change their vehicle frequently.
When you have paid off the finance agreement, and the final balloon payment or Guaranteed Minimum Future Value (GMFV), the vehicle becomes yours.
Alternatively you can return the vehicle to the dealership, use it as a part exchange against your next vehicle or refinance the balloon payment into a new HP agreement, subject to finance approval
Generally lower monthly repayments than a typical Hire Purchase agreement
Flexible repayment terms to help suit your monthly budget
No minimum or maximum deposit, so you can have more control over the amount of finance required
Fixed interest rates, so you know exactly what you’re paying every month for the length of the term
At the end of the agreement you can purchase the vehicle outright, return the vehicle to the lender, use it as part exchange for your next vehicle or refinance the balloon payment into a new HP agreement, subject to finance approval
You don’t own the vehicle until you’ve made your final payment, including the final balloon payment, which means the vehicle could be repossessed if you do not maintain contractual payments
You cannot sell or give the vehicle away until you have paid all of the repayments under the finance agreement
Excess mileage charges apply, as documented in the finance agreement prior to purchase
If the predicted Guaranteed Minimum Future Value (GMFV) is set very close to the actual value of the vehicle, there will be little equity to roll onto another deal
The vehicle’s future value is based on its condition in comparison to vehicles of the same age and mileage. Any damage that is not down to normal wear and tear will need to be rectified by the customer
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You can spread the cost of your car, van, or motorcycle by paying in fixed monthly instalments. With terms from 12 to 60 months and a deposit amount, you can choose the right payment plan that suits your budget.
When you have paid off the finance agreement and settled the option to purchase fee, the vehicle becomes yours.
You can enjoy a one month payment holiday before your first instalment is due, with interest calculated from the day your agreement starts.
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Pros & Cons
No minimum or maximum deposit price, so you can have more control over the amount of finance required
Flexible repayment terms to suit your monthly budget
Fixed interest rates, so you know exactly what you’re paying every month for the length of the term
You don’t own the vehicle until you’ve made your final payment, which means the vehicle could be repossessed if you do not maintain contractual payments
You cannot sell or give the vehicle away until you have paid all of the repayments under the finance agreement
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The power of self-serve technology into the dealer showroom to help motorcycle & Scooter dealers cater for the new era of digital customers..
The way customers shop for vehicles has changed.
Today, customers visit less than 2 showrooms before making a purchase, usually after spending 3 months researching their options online.
Customers are growing increasingly tech-savvy, and over 50% of businesses are responding by adding self-serve facilities to their websites and stores.
To help dealers reach those tech-savvy customers that are quickly becoming the norm, Motogb with MotoNovo have introduced self-service for our Motorcycle & Scooter dealers
MotoNovo Self-Serve presents a seamless, multi-channel experience facilitating the customer's need to be in control of the finance process and future-proofing the dealer's business.
To find out more about Motogb-MotoNovo Self-Serve, speak to your Account Manager.
