Restricted Loan Use

Restricted Use Loan may not be right for you so please review our other finance products or speak to your Honda dealer, to make sure you choose the right product to suit your needs.

It is important that the product you choose should provide a monthly payment that is sustainable, whilst also meeting your needs and circumstances best. Your Honda dealer will be happy to assist you with this.

Product Features and Considerations 

There are some aspects of Restricted Use Loan (RUL) that you need to be aware to help you make an informed choice to decide if HP is right for you.

• If you use our RUL to fund your motorcycle, there are no mileage limits as part of the finance agreement.
• If you use our RUL to fund your motorcycle, the Total Amount Payable (overall cost) is likely to be lower than PCP on an agreement over the same term.
• You have the right to withdraw from your RUL agreement within 14 days from the start of your agreement. You can also partially or fully settle your agreement at any time (subject to the terms of the agreement).
• You take ownership (title) of any goods purchased with the loan at the start of the agreement, not when you make the final payment.  Unlike a PCP or HP agreement, our RUL is not secured against the motorcycle.
• If applicable, clothing and accessories not linked to the motorcycle can be included or funded separately using our RUL Product.
• RUL may be more suitable for funding your motorcycle if you plan to use the motorcycle for delivery work and are not eligible for our Hire Purchase or Personal Contract Purchase products.