MV Agusta Motorbike Finance Mis-Selling - FCA Investigation

Home › Vehicles › Motorbikes › MV Agusta Motorbike Finance Mis-Selling - FCA Investigation

MV Agusta Motorbike Finance Mis-Selling - FCA Investigation

Last updated: 26 February 2026

Was your MV Agusta motorbike financed under a Personal Contract Purchase (PCP) or Hire Purchase (HP) agreement during the period from 6 April 2007 to 1 November 2024? If so, it's important to understand that these agreements may have been affected by misleading practices uncovered in the Financial Conduct Authority’s (FCA) motor finance investigation. During this period, MV Agusta motorcycles were commonly sold on these types of finance deals with lenders such as Black Horse, Close Brothers Motor Finance, MotoNovo Finance, and Moneybarn.

How MV Agusta Motorbikes Were Financed

MV Agusta motorbikes are renowned for their Italian craftsmanship and performance. During the period from 6 April 2007 to 1 November 2024, these high-performance bikes were frequently financed through PCP or HP agreements with lenders such as Black Horse, Close Brothers Motor Finance, MotoNovo Finance, and Moneybarn. Common terms for these finance deals typically included a deposit of around 10%, followed by monthly payments over a period of two to four years.

The FCA Motor Finance Investigation

The Financial Conduct Authority (FCA) launched an investigation into discretionary commission arrangements used in motorbike financing during the period mentioned above. This investigation revealed that some lenders provided incentives to dealers for recommending specific finance agreements, which may have resulted in customers being sold more expensive deals than necessary. As a result of this investigation, it is estimated that 12.1 million eligible agreements (FCA, March 2026) across the UK (FCA estimate), with total refunds amounting to £7.5 billion and an average refund per customer of around £829 (FCA estimate).

How to Check Your Agreement Specifically, agreements made between 6 April 2007 and 1 November 2024 are potentially eligible for investigation under the FCA’s findings. look at any documentation provided by your lender to see if there were any unusual incentives or commission arrangements that may have influenced your finance deal.

How to Complain Directly to Your Lender for Free

If you suspect that your MV Agusta motorbike financing agreement was affected by misleading practices during the FCA investigation period, it is important to know how to proceed. Common lenders like Black Horse, Close Brothers Motor Finance, MotoNovo Finance, and Moneybarn have processes in place to handle complaints directly from customers without needing a claims management company. Here’s a step-by-step guide: 1. Review Your Agreement: Carefully review your finance agreement to identify any discrepancies or unusual terms. 2. Gather Evidence: Collect all relevant documents such as loan agreements, payment receipts, and communication records with the lender. 3. Contact the Lender: Reach out directly to your finance provider through their customer service line or online portal. 4. Submit Your Complaint: Provide detailed information about why you believe your agreement was affected by the misleading practices uncovered in the FCA investigation. 5. Follow Up: Keep track of your complaint and follow up regularly until a resolution is reached. You can complain directly to your lender for free, without needing any assistance from claims management companies or solicitors.

Sources and References

Financial Conduct Authority (FCA). "Motor Finance Investigation". FCA estimate.
Office for National Statistics (ONS) Census 2021
FCA Compensation: FCA Scheme Figures

The FCA confirmed on 30 March 2026 that 12.1 million motor finance agreements are covered by the FCA redress scheme. The FCA-estimated scheme average of £829 per eligible agreement per agreement, with a total of £7.5 billion set aside for consumers. The scheme covers PCP and HP agreements entered into between 6 April 2007 and 1 November 2024.

Two separate schemes apply: post-2014 agreements (implement by 30 June 2026) and pre-2014 agreements (implement by 31 August 2026). The final deadline to complain is 31 August 2027. You can complain to your lender directly for free. You do not need a claims management company.

MV Agusta MOT Pass Rate - 2024 Data

Across 1,770 MOT tests in 2024, MV Agusta vehicles have an overall pass rate of 93.4%. This is above the national average of 79.6%. DVSA data covers 6 MV Agusta models with sufficient test volume.

Overall pass rate: 93.4%
Total MOT tests (2024): 1,770
Models with data: 6
National average: 79.6%

MV Agusta MOT Reliability Trend (2022-2024)

MV Agusta pass rates have remained stable: 93.3% in 2022, 94.0% in 2023, and 93.4% in 2024.

2022: 93.3% pass rate (1,930 tests)
2023: 94.0% pass rate (1,971 tests)
2024: 93.4% pass rate (1,770 tests)

Based on 5,671 MOT tests across three years (DVSA open data).

Data source: DVSA anonymised MOT test results 2024, Open Government Licence v3.0.

Frequently Asked Questions

What are some common issues with MV Agusta motorbike finance agreements?

Common issues include unauthorized charging by lenders, high interest rates, and unclear terms of contracts. These problems can lead to financial difficulties for consumers (FCA estimate).

How many people have been affected by mis-selling of MV Agusta motorbike finance agreements?

The FCA estimates that 12.1 million eligible agreements (FCA, March 2026) may be affected by mis-selling issues across the UK, including those involving MV Agusta (FCA estimate).

What should I do if I suspect my MV Agusta motorbike finance agreement was mis-sold?

You can complain directly to your lender for free and ask them to review the terms of your agreement. You do not need a claims management company.

How much could I potentially recover if my MV Agusta motorbike finance agreement was mis-sold?

The average amount recovered from successful complaints is around £829 (FCA estimate). However, this can vary significantly based on the specifics of each case.

Important: MLJ.org.uk is an independent information resource. We are not a claims management company, solicitor, law firm, or financial adviser. We do not process claims, take fees, or provide advice. Where the law gives you a right to complain or claim directly (to a lender, council, FOS, court, or regulator), you can do so without paying a third party. MLJ.org.uk is operated by Copious Ltd, registered in England and Wales, company number 11437826.