The Benelli 752S, a high-performance sport bike, was commonly sold on Personal Contract Purchase (PCP) and Hire Purchase (HP) finance agreements during the period covered by the Financial Conduct Authority's (FCA) motor finance investigation from 6 April 2007 to 1 November 2024. This motorcycle, known for its powerful engine and agile handling, was often financed through a range of lenders including Black Horse, Close Brothers Motor Finance, MotoNovo Finance, and Moneybarn.
How the Benelli 752S Was Typically Financed
The Benelli 752S was typically financed with Personal Contract Purchase (PCP) or Hire Purchase (HP) agreements. PCP terms often ranged from 36 to 48 months, with typical finance amounts of £5,000 to £15,000. These loans were provided by common lenders such as Black Horse, Close Brothers Motor Finance, MotoNovo Finance, and Moneybarn.
PCP agreements usually included a balloon payment at the end of the term, which represented the difference between the final payment due under the contract and the motorcycle's estimated residual value. This structure aimed to give consumers the option to either purchase the bike outright or return it at the end of the agreement period.
The FCA Motor Finance Investigation
The FCA conducted an investigation into motor finance agreements from 6 April 2007 to 1 November 2024, focusing on discretionary commission arrangements between lenders and retailers. This investigation found that many finance providers paid commissions based on whether a retailer referred the customer to them or not.
According to the FCA's findings, 12.1 million eligible agreements (FCA, March 2026) were affected by these practices, resulting in an average overcharge of £829 per agreement (FCA estimate), with a total sum of £7.5 billion (FCA, March 2026). This investigation highlighted issues where customers might have been steered towards more expensive finance options due to financial incentives for retailers.
How to Check Your Agreement Key indicators include:
- Discretionary Commission (DCA): If your agreement includes a clause mentioning "discretionary commission" or "DCA," it could indicate that the dealer was incentivized to refer you to a specific lender.
- Relevant Dates: Ensure that your agreement was issued between 6 April 2007 and 1 November 2024.
You can also contact your finance provider directly for clarification on whether your agreement falls within the scope of the FCA's investigation. Common lenders for Benelli 752S include Black Horse, Close Brothers Motor Finance, MotoNovo Finance, and Moneybarn.
If you suspect that your Benelli 752S finance agreement was mis-sold due to the FCA's investigation findings, you can complain directly to your lender without needing a claims management company. Common lenders like Black Horse, Close Brothers Motor Finance, MotoNovo Finance, and Moneybarn all have complaint procedures in place.
To start the process, gather all relevant documentation including your finance agreement and any correspondence with your lender. You should also note down any issues or discrepancies you've noticed with your agreement. Then, follow these steps:
- Contact Your Lender: Reach out to the customer service department of your finance provider.
- Submit a Written Complaint: Provide detailed information about why you believe there was mis-selling and what resolution you are seeking.
- Follow Up: Keep track of any correspondence and ensure that your lender acknowledges receipt of your complaint.
It's important to remember that you do not need a claims management company to handle your case; you can file a complaint directly with the lender for free.
Sources and References
- Financial Conduct Authority (FCA), 2024
- Office for National Statistics (ONS) Census, 2021