The Triumph Tiger 1200, a versatile adventure motorbike renowned for its performance and reliability, was commonly sold on Personal Contract Purchase (PCP) and Hire Purchase (HP) finance agreements during the Financial Conduct Authority (FCA) investigation period from 6 April 2007 to 1 November 2024. These financing options allowed many riders to acquire this popular model despite its significant cost, typically ranging between £5,000 and £15,000.
How the Triumph Tiger 1200 was Typically Financed
During the period of investigation by the FCA, the Triumph Tiger 1200 was often financed through various lenders including
Black Horse,
Close Brothers Motor Finance,
MotoNovo Finance, and
Moneybarn. These finance agreements typically offered terms ranging from 36 to 48 months, providing riders with manageable monthly payments while allowing for ownership flexibility.
PCP agreements in particular included a balloon payment at the end of the term, which represented the residual value of the bike if it was not purchased outright or returned at that point. This structure often made the initial monthly payments lower compared to HP terms but required careful consideration of the final balloon payment and its implications for ownership continuation.
The FCA Motor Finance Investigation
The FCA launched an investigation into motor finance agreements, focusing on
discretionary commission arrangements (DCAs) between lenders and retailers. These DCAs allowed retailers to receive additional commissions based on performance metrics such as sales volume or loan value, which could incentivize the sale of more expensive or higher-interest financing products.
The investigation found that 12.1 million eligible agreements (FCA, March 2026) by these practices across various makes and models from 6 April 2007 to 1 November 2024 (FCA estimate). The total amount involved was estimated at £7.5 billion (FCA, March 2026) (FCA, March 2026).
How to Check Your Agreement Look for the term "Discretionary Commission Arrangement" or its abbreviation “DCA”. agreements made during the specified period from 6 April 2007 to 1 November 2024 are particularly relevant.
If you suspect that your agreement was part of a DCA and believe it may have been mis-sold due to improper incentives, further investigation is warranted. This includes understanding the terms, interest rates, and any additional charges that were applied during the finance application process.
If you discover your Triumph Tiger 1200’s finance agreement was part of a DCA and believe it may have been mis-sold, you can complain directly to your lender at no cost. Common lenders such as Black Horse, Close Brothers Motor Finance, MotoNovo Finance, and Moneybarn all offer complaint procedures.
You do not need a claims management company to handle this process on your behalf; contacting the lender directly is sufficient. Providing evidence of any discrepancies or misunderstandings in your agreement can aid in resolving issues effectively without additional expenses.
Sources and References
- Financial Conduct Authority (FCA). "Motor Finance Investigation." FCA, 2024.
- Triumph Motorcycles Ltd. "Triumph Tiger 1200."
- Close Brothers Motor Finance. "Finance Options for Motorbikes."
- MotoNovo Finance. "About Us."