The MV Agusta Brutale, a high-performance motorbike known for its sleek design and powerful engine, was commonly sold on Personal Contract Purchase (PCP) and Hire Purchase (HP) finance agreements during the period covered by the Financial Conduct Authority’s (FCA) investigation into motor finance mis-selling practices, which ran from 6 April 2007 to 1 November 2024. This investigation revealed that discretionary commission arrangements between vehicle manufacturers and their dealers led to significant overcharging for customers who purchased vehicles like the MV Agusta Brutale on credit.
How the MV Agusta Brutale was Typically Financed
The MV Agusta Brutale, a premium motorbike favoured by enthusiasts and collectors alike, was often financed through PCP or HP agreements ranging from £5,000 to £15,000. Common finance providers for this model included Black Horse, Close Brothers Motor Finance, MotoNovo Finance, and Moneybarn. These agreements typically had terms of 36 to 48 months, during which the borrower would make monthly payments towards the vehicle’s purchase price. In PCP contracts, a balloon payment is usually required at the end of the term if the customer wishes to own the bike outright.
The FCA Motor Finance Investigation
During its investigation into motor finance practices from April 2007 to November 2024, the Financial Conduct Authority (FCA) uncovered widespread mis-selling in discretionary commission arrangements. These arrangements allowed manufacturers and dealers to charge excessive costs to consumers without their knowledge or consent. According to the FCA’s findings, 12.1 million eligible agreements (FCA, March 2026) during this period (FCA estimate), with total overcharges amounting to £7.5 billion (FCA, March 2026) and an average per agreement of £829 (FCA estimate).
How to Check Your Agreement Firstly, review your loan documentation for any mention of “Discretionary Commission Arrangement” (DCA). ensure that the date of your agreement falls within the investigation timeframe: 6 April 2007 to 1 November 2024.
If you suspect that your finance agreement for an MV Agusta Brutale was affected by the mis-selling practices, you can complain directly to your lender without needing a claims management company. Common lenders who provided financing for this model include Black Horse, Close Brothers Motor Finance, MotoNovo Finance, and Moneybarn. Each of these companies has its own complaints process that you can follow to seek redress.
When lodging a complaint, gather all relevant documentation such as your finance agreement, loan terms, and any correspondence with the lender. Providing detailed evidence will strengthen your case and increase the likelihood of receiving compensation for overcharged fees. Remember, you do not need a claims management company; you can handle this process independently and at no cost.
Sources and References
- Financial Conduct Authority (FCA). "Motor Finance Market Study." FCA estimate.
- Financial Ombudsman Service (FOS), various reports.