Our exclusive range of finance products

MotoNovo Finance is on a mission to put dealer finance at the forefront of the buying journey; online, in the showroom, and post purchase.

So many of our dealers have already benefited from the products we offer, helping them sell more vehicles, sell more finance, and retain more customers.

To drive the accessibility of dealer finance forward, MotoNovo Finance has a core product suite that caters for almost every type of customer.

HP

Our traditional Hire Purchase product. 

With a HP agreement, customers can spread the cost of their vehicle by paying a fixed amount per month. We offer this product with terms from 12 to 60 months and a maximum advance of £75,000.

Available on cars, vans, and motorcycles.

PCP

Our popular Personal Contract Purchase product. 

PCP agreements contain a balloon payment at the end of the finance agreement, which usually makes the monthly instalment amounts lower than a traditional HP agreement. This is great for customers who like to change their vehicle frequently. We offer this product with terms up to 48 months and a maximum advance of £50,000.

Available on cars and motorcycles only.

HP+

Our combination of Hire Purchase (HP) and a personal loan (+).

The Personal Loan is designed to be used for:

•        Settling a previous finance agreement 
•        Vehicle extras/accessories
•        Additional products

Available on cars and vans only.


Breeze

Our helpful HP product with a balloon payment helps keep the monthly repayments low. The customer must pay the final balloon payment plus the purchase fee to complete the finance agreement and take possession of the vehicle. We offer this product with terms up to 48 months and a maximum advance of £75,000.

Available on cars and motorcycles only.

​Rate4Risk

The HP option that can help more customers apply for finance by applying adjusted price parameters. 

This product is fully automated on our Nexus 2 system with terms up to 60 months and a maximum advance on £10,000. 

Available on cars and vans only.

VAT Assist

Our VAT Assist product is a traditional Hire Purchase (HP) loan where an amount equivalent to the VAT due is deferred to later in the agreement.


VAT Assist works like a traditional HP loan, the only difference being that the customer will not generally need to pay a deposit (although they can). The equivalent of the VAT due is then taken on the 3rd instalment as part of the payment plan.


Available to VAT registered business customers and on vans only.

Pause Month

Customers can take a two month break from their repayments—interest is calculated from the day the agreement starts. This product is available with: HP, HP+, Rate4Risk, and VAT Assist. It is not available on PCP and Breeze agreements. 

0% Subsidy

Dealers can offer their customers interest-free finance with our 0% Subsidy product. This rate can be offered on any vehicle and is a great incentive for customers to choose finance over any other payment method.