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Motorrad Finance

BMW Group Financial Services has entered the Irish motorcycle finance market and will offer a range of motorcycle finance, leasing and insurance products. Products will be available on new and approved used BMW motorcycles. Philip Kerry, newly appointed Managing Director of BMW Financial Services Ireland, said: "One of the key drivers in the Irish motorcycle market is the availability of credit. With the decreased availability of consumer credit and the disappearance of many former motor finance companies, this is the right time for us to be making this investment."

As well as traditional Hire Purchase Agreements, BMW will also offer a PCP personal leasing product. Here the customer chooses the motorcycle they want and repayment period that is right for them. There is a maximum annual mileage agreed, as well as a deposit and a regular monthly payment. At the start of the PCP scheme a guaranteed minimum future value is set. When the agreement end the customer has 3 options, part-exchange their motorcycle for another one, keep it and pay the guaranteed minimum future value, or return the motorcycle.

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