The Ducati Streetfighter V4 was commonly sold on Personal Contract Purchase (PCP) and Hire Purchase (HP) finance agreements during the Financial Conduct Authority’s (FCA) investigation period, which ran from 6 April 2007 to 1 November 2024. The FCA's inquiry uncovered significant issues with motor finance products offered by lenders across this timeframe.
How the Ducati Streetfighter V4 was Typically Financed
The Ducati Streetfighter V4 is a high-performance sport motorcycle that typically attracted financing arrangements of £5,000 to £15,000. Commonly used PCP and HP agreements were often structured with terms ranging from 36 to 48 months. During this period, several lenders provided finance for Ducati Streetfighter V4 purchases, including Black Horse, Close Brothers Motor Finance, MotoNovo Finance, and Moneybarn.
PCP agreements typically included a balloon payment at the end of the contract, which could be settled by either returning the motorcycle to the lender or paying off the remaining balance to keep it. This structure allowed customers to manage their payments more effectively over the term but also came with specific risks and requirements.
The FCA Motor Finance Investigation
The FCA launched a wide-ranging investigation into motor finance products, focusing on discretionary commission arrangements used by lenders during the period from 6 April 2007 to 1 November 2024. These arrangements often led to overcharging customers due to hidden fees and commissions that were not clearly disclosed at the time of financing.
The FCA's investigation found that 12.1 million eligible agreements (FCA, March 2026) had been affected by these practices, with an estimated total amount of £7.5 billion (FCA, March 2026) in overcharges (FCA estimate). On average, customers were overcharged by around £829 per agreement (FCA estimate).
How to Check Your Agreement Look for any references to discretionary commissions or hidden fees that were not clearly explained at the time of signing.
Key indicators that your agreement may be affected include:
The relevant dates are critical: agreements made between 6 April 2007 and 1 November 2024 fall within the scope of the FCA's investigation. If you identify any discrepancies, it’s advisable to seek further clarification from your lender.
If you suspect that your Ducati Streetfighter V4 finance agreement was overcharged due to discretionary commissions or hidden fees, the first step is to contact your lender directly. Common lenders like Black Horse, Close Brothers Motor Finance, MotoNovo Finance, and Moneybarn all have dedicated customer service teams who can assist with reviewing your agreement.
It's important to gather evidence such as:
- Original finance agreement
- Payment records
- Correspondence with the lender
Once you have this information, submit a formal complaint to your lender. The Financial Ombudsman Service (FOS) also provides a free and impartial service for resolving disputes if your initial complaints are not resolved satisfactorily.
You do not need a claims management company; you can handle everything directly with your lender or the FOS without incurring additional fees.
Sources and References
- Financial Conduct Authority (2024)
- Financial Ombudsman Service (FOS) guidelines
- Ducati UK finance details