Motorbike & Bike Finance

Our Motorbike & Bike Loan

Motorcycle Finance with First Response

We have been providing motorbike finance to UK customers since 2004, which makes us one of the longest standing and most experienced companies in the UK.

Our motorbike loan process is simple and efficient; apply online by providing personal, address, and vehicle details. The bike you choose can be from any motorbike dealer in the UK who has FCA permissions (this means they're legally allowed to sell finance).

Representative 38.9% APR, First Response Finance

Apply for bike loan

 

Hire Purchase

When you get a motorbike on finance with us the agreement is called a Hire Purchase. Hire Purchase is one of the most common ways of financing a motorbike in the UK and consists of spreading the costs with monthly payments for an agreed period of time. The table below outlines some of the must have criteria you need in order for your application to be considered by or team. 

Fixed Criteria

  • Minimum 21 years of age
  • Licence capacity of 125cc motorbike
  • Petrol maximum mileage of 120,000
  • You are a UK resident

Flexible Criteria

  • £2,000 - £10,000 lend
    (up to £15,000 in certain circumstances)
  • 18 - 60 month agreement
    (majority are 24-36 months)
  • Deposits are not required
  • CBT licenses considered

What motorbikes do we finance?

We will finance almost any motorbike from a Honda PCX125 to a Suzuki GSX-R1000.

In the past we have financed motorbikes from a range of bike manufacturers including: Triumph, Yamaha, Kawasaki, Honda, AJS, Harley Davidson and Suzuki.

You also have the finance option of newer bike manufacturers, for example Hyosung and Sym. If you have a question regarding finance on newer motorbikes then just ask, we will always do our best to get you on the motorbike of your choice. To get an idea of costs you can use our motorbike finance calculator.

Apply for motorbike loan

Our Process

We have worked hard over the years to try and make our motorbike finance application as simple as possible. Below is an idea of how your application will be processed – as your application is subject to status you may not reach all of the steps below.

  1. Apply online
  2. We send you a text and/or email asking for the perfect time to call you
  3. We’ll call you when requested and have a 10-15 minute chat
  4. We will give you a rough quote to give you an idea of costs and what we can lend you
  5. You find your dream bike and give us the details
  6. We do a full quote – this will be a true figure based on the bike you have chosen
  7. We send the documents to you/the dealer so you can read and sign them
  8. We receive the documents back, send the money to the dealer & you can ride away!

Please note, all of this can be done within 1 day (subject to individual circumstances)

Which licence do I require?

We are able to finance the following licences; CBT (Compulsory Basic Training) A1, A2 & Full A, however these are restricted by our minimum finance application age of 18 years old.

We pride ourselves on getting you on the perfect bike, however with so much choice from our dealers it's important to understand the restrictions your license may have regarding the speed, weight, and power of the motorbike you're looking to finance. As part of our application process we will require proof of your motorbike licence, which may slow down or mean we decline your application if the bike you want isn't supported by the licence you currently hold. To get a clear idea of how to get the licence you need, or to clarify which bike you are allowed to ride and finance with us, click the button below.

Government Motorbike Requirements

Hire Purchase Pros & Cons

Pros
  • Simple to arrange
  • Fixed monthly repayments
  • Fixed interest rates
  • Flexible term lengths 18-60 months
  • Vehicle belongs to you after final payment
  • Deposits not required
  • No annual mileage restrictions
  • You are protected under the Consumer Rights Act 2015
Cons
  • The vehicle is at risk of repossession if you do not keep up repayments
  • You do not own the vehicle until your final payment
  • Hire Purchase is not suitable if you plan on paying off your motorbike finance within 6 months
  • Finance is subject to status and not guaranteed

Want bike finance but have bad credit history?

Being in the dark about your credit and how it may affect your ability to get any kind of finance can be a difficult situation to find yourself in. It can be hard for lenders to trust you as your credit history only displays how you have handled the last 6 years of you finances, despite knowing yourself you're in a better financial position now to keep repayments up. Unlike some other lenders, we do take into consideration more than just your credit file and how it may look on the surface, so if you feel any concerns regarding your credit history, read our Bad Credit Bike Finance blog. 

Independent advice

We believe all customers should be happy with the motorbike they have chosen and all details of their motorbike finance before they sign the documents. If necessary we will always encourage customers to seek independent advice on finance, debt or dealing with money

The below link will take you to an independent government website which will educate and inform you about your options of a finance agreement.

Money Advice Service

Citizens Advice