The Triumph Tiger 900 was commonly sold on Personal Contract Purchase (PCP) and Hire Purchase (HP) finance agreements during the Financial Conduct Authority's (FCA) investigation period, which lasted from 6 April 2007 to 1 November 2024. This investigation uncovered significant issues with how motorbike finance products were marketed and sold across various lenders.
How the Triumph Tiger 900 was Typically Financed
The Triumph Tiger 900 was often financed through PCP agreements, which allowed customers to make lower monthly payments by deferring a large portion of the bike's value until the end of the agreement. The typical finance amount for a Triumph Tiger 900 ranged from £5,000 to £15,000, with common terms ranging from 36 to 48 months. Balloon payments were often part of these agreements, meaning that a large sum was due at the end if the customer chose to keep the bike or buy it outright.
Common lenders for Triumph Tiger 900 finance include Black Horse, Close Brothers Motor Finance, MotoNovo Finance, and Moneybarn. These lenders provided financing terms that were tailored to suit different buyer profiles, with some offering more flexible payment options than others.
The FCA Motor Finance Investigation
The FCA's investigation into motorbike finance highlighted significant problems with discretionary commission arrangements between dealerships and lenders. Discretionary commissions allowed dealers to receive additional payments from lenders for selling certain products, which could incentivise them to push customers towards higher-cost or less suitable financing options. This practice affected an estimated 12.1 million eligible agreements (FCA, March 2026) during the FCA's investigation period (FCA estimate), with a total value of £7.5 billion (FCA, March 2026). The average loss per customer was around £829 (FCA estimate).
The findings from this investigation led to regulatory changes aimed at improving transparency and fairness in the motor finance market. Consumers who financed their Triumph Tiger 900 during this period may have been affected by these issues.
How to Check Your Agreement Look for specific terms such as "Discretionary Commission Arrangement" or "DCA." These agreements were prevalent during the period from April 2007 to November 2024.
If you notice any unfamiliar terms or if your agreement includes a clause mentioning DCA, it is worth investigating further whether your finance deal was affected by the FCA's findings. Common lenders such as Black Horse, Close Brothers Motor Finance, MotoNovo Finance, and Moneybarn may have been involved in these arrangements.
If you suspect that your Triumph Tiger 900 finance agreement was mis-sold due to the FCA's investigation findings, you can complain directly to your lender without needing a claims management company. The common lenders for Triumph motorcycles include Black Horse, Close Brothers Motor Finance, MotoNovo Finance, and Moneybarn.
When contacting your lender, provide them with all relevant documentation and clearly outline why you believe your finance agreement was mis-sold. You do not need a claims management company to handle your complaint; the process is straightforward and can be managed directly with the lender for free.
Sources and References
- Financial Conduct Authority (FCA). "Motor Finance Market Study." 2024.
- Office for National Statistics (ONS) Census, 2021.