The Honda CBR1000RR, a high-performance sports motorcycle known for its agility and power, was commonly sold on
Personal Contract Purchase (PCP) and
Hire Purchase (HP) finance agreements during the period under investigation by the Financial Conduct Authority (FCA) from 6 April 2007 to 1 November 2024. These financing options were often used by motorcycle enthusiasts who sought to own a bike of this caliber without upfront payment, making it accessible for many riders across the UK.
How the Honda CBR1000RR was Typically Financed
The Honda CBR1000RR was frequently financed through PCP and HP agreements that ranged from £5,000 to £15,000. Common lenders providing finance for this model included
Black Horse,
Close Brothers Motor Finance,
MotoNovo Finance, and
Moneybarn. These arrangements often featured balloon payments, which are large lump-sum payments due at the end of a PCP agreement if you choose not to buy or refinance the bike.
In a typical PCP term ranging from 36 to 48 months, customers would make regular monthly payments and pay an additional final payment known as the Guaranteed Minimum Future Value (GMFV) or balloon payment. This structure allowed riders to manage their finances more flexibly while enjoying the thrill of owning a Honda CBR1000RR.
The FCA Motor Finance Investigation
The Financial Conduct Authority (FCA) launched an investigation into motor finance agreements, uncovering widespread mis-selling practices related to
discretionary commission arrangements. These arrangements involved dealers and lenders receiving additional payments beyond their base rate for selling higher-cost finance products. As a result of this investigation, it was found that 12.1 million eligible agreements (FCA, March 2026) across the UK (FCA estimate), with an estimated total value of £7.5 billion (FCA, March 2026) and an average mis-selling impact of around £829 per agreement (FCA estimate).
This inquiry highlighted issues such as misleading information provided to customers about their financing options, unfair contract terms, and hidden costs that were not clearly disclosed at the time of sale.
How to Check Your Agreement Look for references to discretionary commission payments or any unusual fees and charges that were not transparently communicated during the sales process. check if your agreement includes terms such as "Discretionary Contribution Agreement" (DCA) or similar language indicating additional undisclosed commissions.
agreements made between 6 April 2007 and 1 November 2024 are within the scope of the FCA investigation. If you find any discrepancies or suspect mis-selling, document these findings as evidence for your complaint.
If you believe that your Honda CBR1000RR finance agreement was affected by mis-selling practices during the specified period, it is important to first approach your lender directly. Common lenders such as Black Horse, Close Brothers Motor Finance, MotoNovo Finance, and Moneybarn have dedicated teams to handle customer complaints.
When making a complaint, provide detailed evidence of any issues you have identified in your finance agreement or sales process. Include relevant dates and specific details that demonstrate how the terms of your loan may have been misrepresented.
You do not need a
claims management company to file a complaint; contacting your lender directly is straightforward and free. Remember, lenders are required by law to provide fair and transparent resolution processes for customer complaints.
Sources and References
- Financial Conduct Authority (FCA) estimates on the number of affected agreements: 12.1 million eligible agreements (FCA, March 2026)
- Estimated total value of mis-sold motor finance agreements: £7.5 billion (FCA, March 2026)
- Average impact per agreement due to mis-selling practices: £829 (FCA estimate)
Based on 7,522 MOT tests conducted in 2024 (source: DVSA anonymised test data), the Honda Cbr has a pass rate of 90.7%. This is above the national average of 79.6%, meaning the Cbr performs well in MOT testing.
The Cbr pass rate is better than the overall Honda average of 82.7%. The average mileage at MOT for this model is 15,868 miles.
- MOT pass rate: 90.7%
- MOT failure rate: 9.3%
- Tests analysed: 7,522 (2024 DVSA data)
- Average mileage at test: 15,868 miles
- Honda average pass rate: 82.7%
- National average pass rate: 79.6%
Data source: DVSA anonymised MOT test results 2024, published under the Open Government Licence v3.0.