Finance: Small price, big fun

Personal Contract Purchase now finances 20-30% of all new bikes sold in the UK, and it’s growing fast. But it might not be right for you, so make sure you understand what it is and how it works.

You can have these new bikes for less than you might have ever imagined – and what’s more you can have another new one in three years’ time, probably without increasing your monthly outlay, or having to find a fresh deposit.

This is how it works

  • Work out what you can afford as a deposit and in monthly repayments for the duration of the contract.
  • You can get PCP on any amount from £1500 upwards.
  • Choose your new motorcycle (or a used one – bikes up to three years old can also qualify).
  • Set a repayment term of between two to four years.
  • Set your annual mileage at up to 24,000 miles a year. Your mileage will affect your monthly payments.
  • Decide which end-of-agreement option is best for you when the time comes – most roll on to another bike. 

Be aware that

  • You do not own the bike, and won’t unless you pay the final balloon figure.
  • A significant proportion of the credit is deferred until the end of the contract, and it’s not the cheapest route to ownership.
  • You must have fully comprehensive insurance.
  • Excess mileage charges apply.
  • Abuse or neglect will damage. your bike’s guaranteed future value.
  • The bike is at risk of repossession if you do not maintain repayments.

Honda MSX125, £85

Cash price: £2969
Deposit: £203
Mileage: n/a
Term: 36 months
Rate: 6.9% APR
Final repayment: £85

Honda’s modern interpretation of the monkey bike is a big hit with city commuters. Fun, funky and totally unique, it’s powered by a hardy single-cylinde rair-cooled motor that puts out just shy of 10bhp. The chassis is great fun, and weighing in at just 101kg it’s brilliantly chuckable, and will even lighten the dullest of winter commutes by tempting you to pull little skids and cheeky wheelies whenever you get the chance.

The MSX is big news in the States and Japan too (where it’s known as the Grom), meaning there’s a healthy aftermarket accessories catalogue available too featuring all kinds of tuning and styling upgrades. Made in Thailand, but with fairly decent build quality and superb style, the MSX125 may be small, but it’s certainly not dull – and it could well develop into a future classic too.

Kawasaki Z250SL, £64

Cash price: £3649
Deposit: £500
Mileage: 4000pa
Term: 36 months
Rate: 5.9% APR
Final payment: £1447

SL stands for Super Lightweight and at just 147kg ready to ride, it’s a title that’s well deserved. Just pushing it out of the garage is as simple as handling a mountain bike thanks to its lack of weight. It’s perfect for zipping through the inner city congestion, and it looks great too. And all for just £64 a month.

Suzuki VanVan 125, £72.77

Cash price: £3471
Deposit: £402.50
Mileage: n/a
Term: 48 months
Rate: 6.33% APR
Final repayment: £72.77

For those who like their commuters in a retro styled package, theVanVan takes kitsch cool to a whole new level. With its chrome rimmed clocks, bench seat, white-striped tank and balloon tyres, it’s far from your conventional 125 – but it does return upwards of 90mpg and is totally effortless to ride too.

Yamaha MT-03, £59.46

Cash price: £4539
Deposit: £918.60
Mileage: 6000pa
Term: 37 mths
Rate: 4.9% APR
Final repayment: £1953

A naked version of Yamaha’s 321cc parallel-twin cylinder R3, the MT-03 gives big bike look and feel without any of the big bike hassle. Priced just £400 more than the smaller MT-125 and £400 less than the fully faired YZF-R3, the 321cc naked is the perfect choice for city riders on a budget.

Aprilia RS4 125, £69.97

Cash price: £3999
Deposit: £100
Mileage: 4000pa
Term: 49 months
Rate: 8.9% APR
Final repayment: £1506

This beauty looks so much like the RSV4 that it’ll make you, and every passer by, look twice. With upside down forks, radial caliper, and a sexy braced swingarm, the four-stroke RS4 gives you all of the pleasure of riding an exotic machine without any of the fear of having to manage to 200bhp.

Honda CBR125R, £102.78

Cash price: £3799
Deposit: £99
Mileage: n/a
Term: 36 mths
Rate: 0%
Optional final payment: £102

Honda’s built-in-Thailand learner-legal supersport mixes big bike appeal with small bike ease of use. It’s well built, has a single cylinder engine that is practically unburstable and is backed up by the reassurance of ABS. It’s the perfect machine for a frugal commuter or a complete novice.

Yamaha YBR125 Custom, £69

Cash price: £2921
Deposit: £437
Mileage: n/a
Term: 36 months
Rate: 0%
Final repayment: £69

The YBR125R Custom is now in demand with the new-wave of fashion-conscious younger riders. It’s basically Yamaha’s super-commuter YBR125 but with a few extra custom bits bolted on. Sweet looking, easy to ride, and on this deal the YBR125 is also amazingly cheap, too.

KTM RC125, £75

Cash price: £3599
Deposit: £1799
Mileage: n/a
Term: 24 months
Rate: 0% APR
Final repayment: £75

KTM’s race replica 125 is good enough to meet the small supersport competition head-on. This is a proper sized bike with a spacious riding position and plenty of room even for a six-foot big un. WP suspension adds an air of kudos, and the digital dash is just like the one on the full sized RC8 superbike.

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