Landmark motorcycle manufacturer Ducati has
launched a new PCP scheme in the UK called TriOptions through its
Ducati Finance brand, backed by Black Horse, the Lloyds Banking
Group’s motor finance arm.
Under the scheme, customers have the option at
the end of a contract to either part-exchange the bike, return the
bike or pay any outstanding finance to take full ownership of the
bike. Payments will be set by the customer’s proposed annual
mileage.
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The move follows an earlier 0% PCP offers on
selected models by Ducati and means all Ducati models in the UK are
now covered by at least one PCP option.
The company estimates 63% of consumers who
take finance on its motorbikes opt for PCP and attribute the
popularity of such plans, rather than regular finance, to the
flexibility at the end of contract and high residual value in most
Ducati models.
To back this up, TriOptions will include
Guaranteed Future Value, a calculation made by Ducati Finance on a
bike’s residual value, based on estimated mileage.
A spokesperson for Ducati UK told Motor
Finance the excitement shared among Ducati franchise dealers,
all of whom will have TriOptions available, meant some forecourts
had begun advertising the plan before it was formerly
announced.
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By GlobalDatarichard.brown@vrlfinancialnews.com
