Leisure Trail UK

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Santander Motorcycle Finance

If you've already found the bike you want and are now looking for finance, it's important to choose the type that's right for you.

Santander Consumer Finance offers you a range of options which can be tailored to suit the way you want to pay.

Leisure Trail UK is here to help you make the right choice for finance and are happy to discuss the options with you.

Once that decision is made, Leisure Trail UK will apply to Santander for finance on your behalf, and they are usually able to make a quick decision.


Types of Finance

There are 3 types of finance available through Santander:

  1. Conditional Sale
  2. Personal Contract Purchase
  3. Fixed Sum Loan



1. Conditional Sale


What is it?

A simple way of financing that gives you the certainty of a fixed interest rate, and fixed monthly payments throughout the agreement.

The initial deposit and repayment period can be structured to help meet your budget and the length of time you expect to keep the bike.

You can trade in your existing bike and put this towards the initial deposit, or if you wish, just put down a cash deposit.


How does it work?

  • Leisure Trail UK will structure the agreement to meet your individual requirements based on the bike, the agreement duration required, the available deposit and your monthly budget

  • After paying the initial deposit you make regular monthly payments to cover the amount borrowed plus any interest and fees
  • The interest rate is fixed which means you'll know exactly how much you will repay throughout the term of the agreement

  • Once all of the payments have been paid the bike is yours

Features & Benefits

  A guaranteed fixed monthly payment, allowing you to budget with confidence.




2. Personal Contract Purchase


What is it?

Similar to a Conditional Sale agreement but with additional flexibility since part of the cost is deferred until the end of the agreement which may give you the benefit of lower monthly payments.

The deferred amount is known as the Guaranteed Future Value (GFV) sometimes known as Optional Final Payment.


At the end of the agreement you have 3 options

1

Retain the bike

Simply pay the Guaranteed Future Value, and the bike is yours.

2

Renew the bike

Choose another bike, using any excess part exchange value that is above the Guaranteed Future Value towards your deposit.

3

Return the bike

There's nothing more to pay if the bike is in good condition and within the agreed mileage terms.

How it works?

  • Leisure Trail UK will agree with you an estimated annual mileage and this will be used to determine the bike's GFV

  • You agree on the amount of deposit, and this figure combined with the agreement duration and GFV will determine the amount of your monthly payment

  • You sign the agreement, pay the deposit and then make the monthly payments
  • The interest rate is fixed which means you'll know exactly how much you will repay throughout the term of the agreement

  • At the end of the agreement we'll write to remind you of the three available options

  • You decide which option is best for you

  • We can help if you decide to part exchange the bike

  • Features & Benefits

      A guaranteed fixed monthly payment, allowing you to budget with confidence

      Potentially lower payments than a Conditional Sale agreement

      Variety of options available at end of the agreement

      You can match the length of your agreement with the time you want to keep the bike




    3. Fixed Sum Loan

    A Fixed Sum Loan is not available as a standard product choice. Santander may offer you this product as part of our underwriting conditions. Leisure Trail UK will make you aware of this after your application for finance has been received and assessed by Santander.


    What is it?

    In some circumstances Santander may offer you a Fixed Sum Loan.

    Sometimes known as an unsecured loan, this is different to an overdraft or credit card because it allows you to borrow a fixed amount over a fixed term at a fixed rate of interest.

    A Fixed Sum Loan gives you immediate ownership of the bike, meaning it is yours from the start of the loan.

    At the end of the agreement, all of the bike's current market value could be recouped if you decided to sell it or traded it in as a deposit against your next bike.


    How it works?

    • Your dealer will advise you if we can offer you this product. The decision will be based on the bike, the amount of deposit and your credit score
    • You make regular monthly payments during the agreement to cover the amount borrowed plus any interest and fees
    • The interest rate is fixed so you'll know exactly how much you'll repay from the start of the agreement

    Features & Benefits

      You own the bike right from the start of the loan