Showing monthly payments on a bike dealer website

Many motorcycle buyers think about affordability as a monthly budget rather than the full price. If your website only shows the cash price, those buyers are left to work out the rest for themselves. Showing a clear monthly figure, where you offer finance, answers their first question on the page.

Bridging the gap with HP and PCP options

Different riders require different financing models. Traditional Hire Purchase (HP) appeals to those looking to own the bike long-term at the end of the agreement, while Personal Contract Purchase (PCP) offers lower monthly outlays for riders who like to upgrade their machine every few years. A calculator for hire purchase, and lender quotes for PCP where you offer it, let a visitor see what the bike would cost them each month.

Key benefits of on-page finance tools

• Better enquiries — A buyer who has already tried different deposits and terms knows what they can afford before they get in touch.
• Clear presentation — The rate, the total payable and a representative example shown plainly beside the monthly figure. Showing finance is regulated, so only do it if you are authorised to.
• Everything in one place — Working out the figures on your stock page keeps the buyer on your website, next to the bike, rather than off on a separate calculator.

Making it easy to set up

Your website should take the cash price from the stock record and work out the finance from it, so there is nothing to type twice. When a visitor can see how a bigger deposit brings a bike within their monthly budget, the stock page is doing some of the selling for you.

How MotoVend handles it

MotoVend has a built-in hire purchase calculator that works out the APR and adds a representative example. Or, with your own lender account, it can show quotes from iVendi or Codeweavers (HP and PCP) or Evolution Funding (HP), one provider at a time. Finance is not shown on sold, POA or +VAT vehicles, and you can switch it off for any vehicle. More on finance.