Honda Finance Explained


Please note: We are a credit broker and not a lender. We can introduce you to a limited number of lenders and their finance products which may have different interest rates and charges. We are not an independent financial advisor; we will provide details of products available from the lenders that we work with, but no advice or recommendations will be made. You must decide whether the finance product is right for you. We do not charge you a fee for our services. 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). The lenders we work with could pay commission at different rates. However, the amount of commission that we receive from a lender does not have an effect on the amount that you pay to the lender under your credit agreement.


Hire Purchase is one of a number of finance products offered by Honda Financial Services, allowing you to budget effectively because the interest rate and monthly payments are fixed at the start for the whole term of the agreement. At the end of the agreement when you’ve paid all of your payments and fees, you own your motorcycle or scooter outright.

HP is very straightforward. Down payment, payments over time, purchase fee, and it’s yours.



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

PCP allows you to keep your monthly repayments lower by deferring a proportion of the credit to the end of the agreement, as well as giving you the flexibility of three options at the end of the agreement.

  1. RETAIN – You can keep your motorcycle or scooter. Pay the Guaranteed Future Value (GFV) and the option to purchase fee, and you will own the motorcycle or scooter outright.
  2. RETURN – You can hand your motorcycle or scooter back to us without paying the GFV. If you have exceeded your agreed mileage or the vehicle is not in a good condition, then there may be additional charges to pay. This will be detailed in your agreement.
  3. RENEW – You can part-exchange your motorcycle or scooter. Then, together with Motoden, you can start looking at your next Honda.