Personal Contract Purchase (PCP) explained:

A Personal Contract Purchase agreement can offer you lower monthly repayments as a significant proportion of the total amount payable is deferred to the end of the agreement and is payable by an optional final repayment. You agree your Ducati, an initial deposit, how many miles you are likely to ride each year and how long you want the agreement to run for.

The final repayment is based on our predicted value of your Ducati based on this information and is often referred to as the GFV (Guaranteed Future Value).

The deposit and predicted value are deducted from the price of your Ducati and the remaining balance and interest provides you with low** fixed monthly repayments. Interest is payable on the price of your Ducati less the deposit.

During and up to the end of the agreement you have 3 options…

1: Part exchange the bike for a new one*** - you can use any equity towards another motorcycle.

2: Return the bike to Ducati Financial Services - If the motorcycle is in good condition and has not exceeded the allowed mileage you will have nothing further to pay. If the motorcycle has exceeded the allowed mileage a charge for excess mileage will apply.

3: Pay the outstanding finance and own the bike outright.

For those motorcyclists wanting to ride the newest Ducati models, keep their options open and be able to budget to achieve their riding dreams, then a PCP is a great way to make the desirable affordable.

** Your regular monthly payments are low because it is the nature of a PCP product that a significant proportion of the total amount payable is payable at the end of the contract by one large final repayment.

*** Subject to settlement of your existing agreement; new finance agreements are subject to status.

Hire Purchase (HP) explained:

With a Hire Purchase agreement, an initial deposit is agreed on your chosen Ducati model, the length of your agreement (typically between 1 – 5 years) and a monthly repayment amount. Once the HP agreement is approved, the finance application submitted and you have signed the agreement, the model yours to ride away. Once all the monthly repayments have been paid, you own it outright.