The Moto Guzzi V85 TT, a popular adventure motorcycle known for its distinctive styling and powerful performance, was commonly sold on Personal Contract Purchase (PCP) and Hire Purchase (HP) finance agreements during the FCA investigation period from 6 April 2007 to 1 November 2024. During this time, dealerships often facilitated these types of financing arrangements with lenders such as Black Horse, Close Brothers Motor Finance, MotoNovo Finance, and Moneybarn.
How the Moto Guzzi V85 TT was Typically Financed
The typical finance amount for a Moto Guzzi V85 TT ranged from £5,000 to £15,000, with Personal Contract Purchase (PCP) terms commonly spanning 36 to 48 months. Dealerships often partnered with lenders such as Black Horse and Close Brothers Motor Finance to offer these financing options to customers. In a PCP agreement, borrowers make monthly payments over the term of the contract, followed by an optional balloon payment at the end of the term, which allows them to either buy the motorcycle outright or return it.
Hire Purchase (HP) agreements were also prevalent for Moto Guzzi V85 TTs, with borrowers paying a fixed amount each month until the total cost of the motorcycle is paid off. These HP terms often mirrored those of PCP contracts but did not include an optional balloon payment at the end.
The FCA Motor Finance Investigation
The Financial Conduct Authority (FCA) launched a full investigation into motor finance agreements from 6 April 2007 to 1 November 2024, focusing on discretionary commission arrangements between lenders and dealerships. This period saw significant changes in how motorcycle financing was structured and marketed. The FCA found that 12.1 million eligible agreements (FCA, March 2026) by these practices (FCA estimate), resulting in a total of £7.5 billion (FCA, March 2026) in mis-sold finance (FCA estimate). On average, customers overpaid by approximately £829 per agreement (FCA estimate).
The investigation highlighted issues such as inflated interest rates and hidden fees that dealerships may have added to the financing agreements without adequately informing consumers.
How to Check Your Agreement Look for the term "Discretionary Commission Arrangement" (DCA) in the paperwork. If you find this terminology, it indicates that your agreement was likely influenced by the practices under scrutiny.
Relevant dates are also crucial to consider: agreements made between 6 April 2007 and 1 November 2024 fall within the scope of the FCA investigation. check if your lender is one of those commonly used for Moto Guzzi V85 TTs, such as Black Horse, Close Brothers Motor Finance, MotoNovo Finance, or Moneybarn.
If you suspect that your finance agreement was mis-sold and believe it falls within the FCA investigation period, you can complain directly to your lender at no cost. Common lenders for Moto Guzzi V85 TTs include Black Horse, Close Brothers Motor Finance, MotoNovo Finance, and Moneybarn.
When contacting these lenders, provide them with details about your agreement, including any relevant dates and evidence of overpayment or hidden fees. Lenders are required to address complaints fairly and in a timely manner without requiring you to engage the services of a claims management company.
You do not need a claims management company to handle your complaint; you can manage it directly through your lender’s customer service department at no additional cost.
Sources and References
- Financial Conduct Authority (FCA). "Motor Finance Market Study: Discretionary Commission Arrangements." 2024.
- Office for National Statistics Census. 2021.
- Financial Ombudsman Service (FOS) guidelines on motor finance complaints.