Finance Options at Lings Triumph

You just want to ride, not faff around with loads of over complicated finance deals. So we’ve put together three straightforward options to keeps things simple for you. All are available via Triumph Motorcycle Finance and you can finance all or part of your next new or used Triumph, including any accessories that you've added.

Riders love control. So if you like to control your motorcycling expenditure and would also like a brand new Triumph every two or three years, you should be considering a TriStar PCP (Personal Contract Purchase) for your next bike. This is how it works:

Decide on your Triumph and pay a deposit, agree affordable monthly payments based on your proposed annual mileage and ride away.

You will be given a guaranteed future value for the bike at the time of purchase, so at the end of the agreement, you have three options, either:

  • part exchange it for a new Triumph**,
  • pay the final payment and own the bike,
  • or, return the bike*

You have the option of taking the finance over two or three years to suit your budget.

And your Triumph dealer arranges the finance documentation. You just check the paperwork, sign on the dotted line and ride away.

For more information and an example quote visit triumphtristar.co.uk


Credit is subject to status and only available to UK residents ages 18 and over. Credit is provided by Triumph TriStar a trading style of Black Horse Limited, St William House, Tresillian Terrace, Cardiff CF10 5BH. *If the motorcycle is in good condition and has not exceeded the agreed maximum mileage, you will have nothing further to pay. If the motorcycle has exceeded the agreed maximum mileage a charge for excess mileage will apply. Further information n what is considered good condition can be found at blackhorse.co.uk/bikeconditionguide. **Subject to settlement on your existing finance agreement, new finance agreements are subject to status.



What is Personal Contract Purchase (PCP)?

Personal Contract Purchase (PCP) is a finance product that allows you the opportunity to buy a new or a used bike.

It is similar to a Hire Purchase agreement as you will usually pay an initial deposit, followed by monthly instalments over a term typically between 18 to 48 months.

What makes PCP different to Hire Purchase (HP) is that your monthly instalments are paying off the depreciation of the bike, and not its entire value, over the course of the term. Then, when you get to the end of your agreement, there is a final, balloon payment that must be made if you want to keep the bike. The balloon payment is often referred to also as the Guaranteed Future Value (GFV).

How does PCP actually work?​

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When you have chosen your vehicle, you will then agree your annual mileage and decide on the agreement term with one of our Business Managers.

We will then determine the Guaranteed Minimum Future Value (GMFV) of the vehicle at the end of the agreement and work out a deposit and monthly amount that works for you.

At the end of your agreement you will then have three options:

Return – Simply return the bike the back to us 
Retain – Keep the bike by paying the optional final payment
Renew – Trade it in for another bike

For a quotation, help, or advice contact us and ask to speak to one of our Business Managers.

What are the advantages of PCP?

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  • Monthly payments on a bike financed by PCP are usually lower than if your bike is financed by a Hire Purchase agreement.
  • If you decide not to buy the bike, you can simply walk away when you've made all the payments.
  • Similar to PCH, you can drive away a new or used bike every few years (dependent on the chosen term) without worrying about selling it on.
  • If your bike is worth more than the Guaranteed Future Value then you can use that equity towards a deposit on a new bike.

What should you consider when option for a PCP?

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  • If you want to buy the bike you will need to pay your final balloon payment (the Guaranteed Future Value).
  • Similar to PCH, you will need to agree on a mileage allowance at the beginning of your contract and there may be excess mileage charges if you exceed this.
  • You won’t be able to sell the bike without settling the finance.
  • You won’t own the bike until you have made all of your repayments.
  • You’ll need to keep the bike properly insured, maintained and in your possession until the full value is paid off.

Can I settle my PCP agreement early?

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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 bike 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 bike.

What is Hire Purchase (HP)?

​Hire Purchase is a way to finance buying a new or used bike. You will normally pay an initial deposit and will pay off the entire value of the bike in monthly instalments. When all the payments are made, the Hire Purchase agreement ends, and you own the bike outright. With Triumph Motorcycle Finance Hire Purchase, you can:

Pay an initial deposit, ride away and make regular monthly payments. After the last payment, the bike’s all yours.
Choose any new or used Triumph that's up to ten years old and decide how long you want to make regular payments, between one and five years**.
Save time on the phone or internet, as your Triumph dealer arranges the finance documentation. You just check the paperwork, sign on the dotted line and ride away.

As you’d expect, finance is available subject to status for UK residents and indemnities may be required. 

What are the advantages of HP?

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  • You’ll be able to drive away a bike that you may not have managed to buy outright.
  • Unlike a PCP or PCH contract, you won't need to estimate your mileage at the start of your Hire Purchase agreement, so you'll avoid excess mileage charges.
  • Once you’ve made your final monthly payment, including the option to purchase fee, you'll have full ownership of the bike.

What should you consider when opting for HP?

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  • Monthly payments may be higher than some other finance options, such as PCP, as you're paying off the full value of the bike.
  • You won’t be able to sell the bike without settling the finance.
  • You won’t own the bike until you have made all of your repayments.
  • You’ll need to keep the bike properly insured, maintained and in your possession until the full value is paid off.

Can I settle my HP agreement early?

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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 of the bike 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 bike back or you have a second option. Through a PCP agreement, you can take full ownership of the bike by paying off the remaining Guaranteed Minimum Future Value also known as a balloon payment.