Honda Restricted Use Loan (RUL) Finance
Restricted Use Loan is a finance product from Honda Financial Services to help finance accessories, clothing or even your new Honda bike. It allows you take ownership of the goods from the start of your agreement.
More manageable than you might think
So, how does this work?
- Choose the motorcycle, clothing and accessories you want.
- Once you’ve decided what products you would like to finance, agree how much deposit you’d like to put down.
- You can then adjust the term to best suit your ideal monthly budget, anywhere between twelve and sixty months.
- The rest of the cost of the motorcycle, clothing or accessories, plus interest, is paid in equal monthly payments.
- A Restricted Use Loan provides you with instant ownership of the goods, as you can use the funds to purchase them. You then pay all the agreed loan instalments until the loan value and interest has been paid in full.
There are some aspects of Restricted Use Loan that you need to be aware of to help you make an informed choice to decide if RUL is right for you.
Choose the right product
Restricted Use Loan may not be right for you so please review our other finance products or speak to your Honda dealer, to make sure you choose the right product to suit your needs.
It is important that the product you choose should provide a monthly payment that is sustainable, whilst also meeting your needs and circumstances best. Your Honda dealer will be happy to assist you with this.
Product Features and Considerations
There are some aspects of Restricted Use Loan (RUL) that you need to be aware to help you make an informed choice to decide if HP is right for you.
- Choose the motorcycle, clothing and accessories you want.
- Once you’ve decided what products you would like to finance, agree how much deposit you’d like to put down.
- You can then adjust the term to best suit your ideal monthly budget, anywhere between twelve and sixty months.
- The rest of the cost of the motorcycle, clothing or accessories, plus interest, is paid in equal monthly payments.
- A Restricted Use Loan provides you with instant ownership of the goods, as you can use the funds to purchase them. You then pay all the agreed loan instalments until the loan value and interest has been paid in full.
FINANCIAL DISCLOSURE: Bill Smith Motors Ltd are a credit broker and not a lender. We are Authorised and Regulated by the Financial Conduct Authority. FCA No: 653179 Finance is Subject to status. Other offers may be available but cannot be used in conjunction with this offer. We work with a number of carefully selected credit providers who may be able to offer you finance for your purchase. Registered in England & Wales: 00777008, Registered Office: Address: Whitchurch Road, Christleton, Chester, CH3 6AE
Read our Initial Disclosure Document HERE
