The Honda NC750X was commonly sold on
Personal Contract Purchase (PCP) and
Hire Purchase (HP) finance agreements during the Financial Conduct Authority’s (FCA) investigation period from 6 April 2007 to 1 November 2024. The FCA's probe found that many motorcycle dealerships were using
discretionary commission arrangements, which resulted in inflated finance costs for customers.
How the Honda NC750X was Typically Financed
The Honda NC750X was often financed through PCP or HP agreements ranging from £5,000 to £15,000. Common lenders that provided financing for this model included
Black Horse,
Close Brothers Motor Finance,
MotoNovo Finance, and
Moneybarn. PCP agreements typically had terms of 36 to 48 months, often including a final balloon payment at the end of the term.
Discretionary commissions were frequently used by finance brokers to incentivise dealerships, leading to higher costs for consumers. These commissions were not always transparently disclosed in the initial financing agreement.
The FCA Motor Finance Investigation
The FCA investigation revealed that discretionary commission arrangements had a significant impact on the motorbike finance market during the period from 6 April 2007 to 1 November 2024. 12.1 million eligible agreements (FCA, March 2026), with an estimated total of £7.5 billion (FCA, March 2026) in inflated costs (FCA estimate). The average additional cost per agreement was around £829 (FCA estimate).
The investigation uncovered that discretionary commissions often led to hidden fees and higher interest rates, making PCP and HP agreements more expensive than they should have been. This practice was particularly prevalent among motorcycle dealerships, including those offering the Honda NC750X.
- Discretionary Commission Arrangements: Look for any mention of commissions or incentives paid by lenders to dealers.
- Relevant Dates: Ensure that the financing dates fall within the period from 6 April 2007 to 1 November 2024.
- DCA (Discretionary Commission Agreement): Check if your agreement was marked as a DCA. This is often noted in the finance documentation.
If you suspect your agreement may be affected, it's important to review your contract carefully and compare it with details provided by the FCA investigation findings.
You can complain directly to your lender without needing a
claims management company. Common lenders for the Honda NC750X include Black Horse, Close Brothers Motor Finance, MotoNovo Finance, and Moneybarn. These companies have dedicated teams to handle customer complaints regarding historical motor finance agreements.
When contacting your lender, provide them with clear evidence that you financed your Honda NC750X during the FCA investigation period and explain why you believe your agreement was affected by discretionary commission arrangements. You do not need a claims management company to file this complaint; it can be done directly at no cost.
Sources and References
- Financial Conduct Authority (FCA), 2024
- Office for National Statistics Census, 2021
Based on 3,914 MOT tests conducted in 2024 (source: DVSA anonymised test data), the Honda Nc has a pass rate of 92.6%. This is above the national average of 79.6%, meaning the Nc performs well in MOT testing.
The Nc pass rate is better than the overall Honda average of 82.7%. The average mileage at MOT for this model is 21,215 miles.
- MOT pass rate: 92.6%
- MOT failure rate: 7.4%
- Tests analysed: 3,914 (2024 DVSA data)
- Average mileage at test: 21,215 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.