Shirlaws
Call Us

PERSONAL CONTRACT PURCHASE

Honda

HONDA PCP FINANCE

PCP is a flexible funding solution that delivers peace of mind by guaranteeing a future value for your motorcycle. PCP is designed to keep your fixed monthly payments lower compared to other types of financing like Hire Purchase.

Who is PCP for?

PCP could be right for you if you’re looking for typically lower monthly payments than Hire Purchase (HP), prefer to change your motorcycle every 2–4 years, and want the flexibility of three options at the end of your agreement.

Honda

How PCP works

Choose the motorcycle you want and agree how much deposit you would like to put down.
 

Step 1

Estimate how many miles you will ride each year and agree how long you would like your agreement to run, between two and four years. It’s important to be as accurate as possible with your mileage estimate. We’ll then use this information to calculate a Guaranteed Future Value (GFV) which is our prediction of what your motorcycle will be worth at the end of the agreement. The GFV is deferred until the end of your agreement.

Step 2

Your monthly payments are worked out on the difference between the GFV and the price of the motorcycle, once your deposit has been deducted and interest added. This means you'll typically have lower monthly repayments than with Hire Purchase.

Step 3

At the end of your PCP agreement, you’ll have the flexibility of three options: return the motorcycle, pay the GFV to own it, or part exchange for a new Honda.

End of contract options

Return the motorcycle

As long as you're up to date with your monthly payments, you can hand your motorcycle back to us without paying the final payment (GFV). If you have exceeded your agreed mileage or the motorcycle is not in a good condition, then there may be additional charges to pay. Contact us on 0345 128 8908 to discuss.

Retain the motorcycle

You can keep the motorcycle. Pay the final payment (GFV) and the £10 option to purchase fee, and you will own the motorcycle outright.

Renew the motorcycle

You can part exchange your motorcycle and subject to market conditions, this should cover the amount of the final payment (GFV). Then together with your Honda dealer, you can start looking for your next Honda.

Don't worry... we'll write to you towards the end of your agreement and remind you about the options available to you.

View our Fair Wear and Tear Guide

Download our brochure

Key features

  • Typically lower monthly payments than Hire Purchase (HP).

  • Guaranteed Future Value (GFV) protects against depreciation.

  • Three end of contract options: return, retain, renew.

  • Fixed interest rate for the duration of your agreement - monthly payments do not change.

  • 14 day right to withdraw.

  • Can partially or fully settle early (subject to the terms of your agreement).

  • You have the right to Voluntary Termination if your circumstances change.

Key considerations

  • To own the motorcycle outright, you will need to pay all regular payments, the GFV and any option to purchase fee.

  • Mileage limit applies — charges per mile plus VAT if exceeded.

  • There may be additional charges if you decide to return your motorcycle to us.

  • The Total Amount Payable is likely to be higher than a Hire Purchase (HP) agreement.

  • You are not guaranteed to have any equity at the end of the agreement.

  • If you choose Voluntary Termination, you will be required to pay any amount needed to reach half of the total amount payable under the agreement. If this amount cannot be paid in full, the outstanding balance may be recorded as a default on your credit profile.

Related FAQs

You select a term and an annual mileage and based on this; we’ll calculate what we think your motorcycle will be worth at the end of this term. This amount is the GFV and is deferred to the end of your agreement. Your monthly payments are worked out on the difference between the GFV and the price of the motorcycle. This means you typically have lower monthly payments than with Hire Purchase. At the end of the agreement you have the flexibility of three options.
Fair wear and tear occurs when normal use causes acceptable deterioration to the motorcycle's condition at the end of a contract or finance agreement. Fair wear and tear is not to be confused with damage, which occurs as a result of a specific event or series of events. These include impact, harsh treatment, negligent acts or failure to service the motorcycle in accordance with the manufacturer’s recommendations and any applicable warranty. For full information please see our
Yes. You can make lump-sum repayments as often as you like or pay off the whole amount early. This could reduce the amount of interest due – in which case, you’ll get a rebate based on a statutory formula set out in the Consumer Credit Act 1974 (CCA). If you make a lump-sum payment, you have three options: reduce the final amount due at the end of the agreement, reduce the term of the agreement, or reduce your monthly payments. There is no penalty for settling early. Please call Customer Support on 0345 128 8908 and we will be happy to give you a settlement quotation
Mileage allowances are agreed with you prior to entering your agreement. Where the mileage allowance has been exceeded and you chose to return the motorcycle at the end of your PCP agreement, charges are applicable on a per mile [+ VAT] basis. This charge is due upon returning the motorcycle. Please note, it is important to be as accurate as you can when setting your annual mileage for your PCP agreement. This will reduce the likelihood of incurring excess mileage charges.

PCP is available on used motorcycles too

If you are buying a used motorcycle through a Honda dealer, Personal Contract Purchase may be an option for you. Availability depends on the age and condition of the motorcycle.

© Copyright 2026 Shirlaws. All rights reserved
Admin Login  | Privacy & Cookies

Shirlaws Ltd is registered in Scotland under company number: SC134694. Registered Office Address: Ker-An House Wellington Circle, Altens, Aberdeen, United Kingdom, AB12 3JG. We are a credit broker, not a lender.

Shirlaws Ltd (FRN – 428451) is an Appointed Representative of The Compliance Guys Ltd which is authorised and regulated by the Financial Conduct Authority (FRN – 941360).We act as a credit broker not a lender. We work with a number of carefully selected credit providers who may be able to offer you finance for your purchase. (Written Quotation available upon request.) Whichever lender we introduce you to, we will typically receive commission from them (either a fixed fee or a fixed percentage of the amount you borrow) and this may or may not affect the total amount repayable. The lender will disclose this information before you enter into an agreement which only occurs with your express consent. The lenders we work with could pay commission at different rates and you will be notified of the amount we are paid before completion. All finance is subject to status and income. Terms and conditions apply. Applicants must be 18 years or over. We are only able to offer finance products from these providers. As we are a credit broker and have a commercial relationship with the lender, the introduction we make is not impartial, but we will make introductions in line with your needs, subject to your circumstances.

Shirlaws Ltd are registered with the Information Commissioner's Office under registration number: Z4855244.

Powered by DealerWebs DealerWebs