The MV Agusta Superveloce 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. Many riders who financed their MV Agusta Superveloce through these arrangements may have been affected by motor finance mis-selling practices.
How the MV Agusta Superveloce was Typically Financed
The MV Agusta Superveloce, a high-performance sports motorcycle, is often sold on PCP and HP agreements that range from £5,000 to £15,000. These finance deals are typically structured over terms of 36 to 48 months. Common lenders for MV Agusta include Black Horse, Close Brothers Motor Finance, MotoNovo Finance, and Moneybarn.
In PCP agreements, a balloon payment is often required at the end of the term if you choose not to buy or return the vehicle. This final lump sum can be significant and may have been part of misleading sales practices during the investigation period.
The FCA Motor Finance Investigation
The Financial Conduct Authority (FCA) launched an investigation into motor finance mis-selling in 2019, focusing on discretionary commission arrangements that affected both dealerships and lenders. These arrangements were found to incentivise higher-cost financing products over lower-cost alternatives. As a result of this investigation, the FCA estimated that 12.1 million eligible agreements (FCA, March 2026) across the UK may have been impacted by these practices.
The total compensation paid out due to mis-selling has amounted to £7.5 billion (FCA, March 2026), with an FCA-estimated scheme average of £829 per eligible agreement per claimant (FCA estimate). This investigation highlights the widespread nature of such practices and their financial impact on consumers who financed their motorcycles, including the MV Agusta Superveloce.
How to Check Your Agreement Look for specific terms or phrases that indicate a discretionary commission arrangement may have been involved. For instance, agreements marked with "DCA" (Discretionary Commission Arrangement) are particularly relevant.
consider the dates of your finance agreement. If it falls within the period from 6 April 2007 to 1 November 2024 and you financed through one of the common lenders such as Black Horse or Close Brothers Motor Finance, there is a higher likelihood that your agreement was affected by these practices.
If you believe your finance agreement for the MV Agusta Superveloce may have been mis-sold, you can complain directly to your lender at no cost. Common lenders for MV Agusta include Black Horse, Close Brothers Motor Finance, MotoNovo Finance, and Moneybarn.
You do not need a claims management company to handle this process. Lenders are required by law to provide free complaint resolution services that cover all aspects of the investigation and compensation claim. This means you can contact your lender directly and follow their complaint procedure without incurring any fees or costs.
Sources and References
- Financial Conduct Authority (FCA). "Estimate of affected agreements." 2024.
- Financial Conduct Authority (FCA). "Total compensation paid out due to motor finance mis-selling." 2024.