The Yamaha Tracer 700 was commonly sold on Personal Contract Purchase (PCP) and Hire Purchase (HP) finance agreements during the Financial Conduct Authority's (FCA) investigation period, which spanned from 6 April 2007 to 1 November 2024. During this time, many individuals opted for these financing options when purchasing their Yamaha Tracer 700 motorbikes due to their attractive payment plans and flexible end-of-term choices.
How the Yamaha Tracer 700 was Typically Financed
Yamaha Tracer 700 owners often financed their motorcycles through PCP or HP agreements, with typical finance amounts ranging from £5,000 to £15,000. These loans were commonly offered by lenders such as Black Horse, Close Brothers Motor Finance, MotoNovo Finance, and Moneybarn. The loan terms typically lasted between 36 and 48 months, allowing riders to spread the cost of their motorbike over a manageable period. PCP agreements often included balloon payments at the end of the term, which could be settled in cash or used as part of a trade-in for a new vehicle.
The FCA Motor Finance Investigation
The FCA launched an investigation into discretionary commission arrangements (DCAs) that were prevalent in the motor finance industry during the specified period. DCAs allowed lenders to offer incentives to retailers and brokers based on the volume and type of finance agreements they facilitated, potentially leading to conflicts of interest and mis-selling practices.
According to the FCA's estimates, 12.1 million eligible agreements (FCA, March 2026) by these arrangements (FCA estimate). The total value of mis-sold agreements was approximately £7.5 billion (FCA, March 2026), with an average claim amount of £829 (FCA estimate). This investigation highlighted issues such as inadequate disclosure of interest rates and fees, misleading information about end-of-term options, and pressure to enter into finance agreements that were not suitable for the borrower's circumstances.
Relevant dates include 6 April 2007 to 1 November 2024, during which time many finance agreements for Yamaha Tracer 700 motorcycles were sold. if your agreement contains a term that mentions "DCA" (discretionary commission arrangement), it is likely affected by the FCA's investigation.
If you believe your financing arrangement for your Yamaha Tracer 700 was mis-sold, you can complain directly to your lender for free. Common lenders such as Black Horse, Close Brothers Motor Finance, MotoNovo Finance, and Moneybarn have established complaint procedures that allow borrowers to raise concerns without the need for a claims management company.
You do not need a claims management company to handle your complaint; instead, you can contact your lender directly using their official complaints procedure. Most lenders provide detailed information on how to file a complaint on their websites or through customer service contacts. By following these procedures, you can seek redress without incurring additional fees or costs associated with third-party services.
Sources and References
- Financial Conduct Authority (FCA) estimates: 12.1 million eligible agreements (FCA, March 2026), £7.5 billion (FCA, March 2026) total, £829 average per eligible agreement claim amount
- Ongoing FCA investigation period: 6 April 2007 to 1 November 2024
- Common lenders for Yamaha Tracer 700 finance agreements: Black Horse, Close Brothers Motor Finance, MotoNovo Finance, Moneybarn
These sources provide a full overview of the regulatory actions and industry practices relevant to motor finance mis-selling during the specified period.