At WeBuyAnyBike247, we know that life changes fast. Whether you’re looking to upgrade to a newer model, downsize your garage, or simply need the cash, having outstanding finance on your bike shouldn't stand in your way.
One of the most common questions we get is: "Can I sell my bike if I still have a loan with Black Horse?"
The short answer is yes. We deal with Black Horse finance settlements every single day, making the transition from "financed" to "sold" seamless and stress-free. Here is exactly how the process works.
Understanding Your Agreement with Black Horse
Black Horse is one of the UK’s leading providers of motorcycle finance, usually offering Hire Purchase (HP) or Personal Contract Purchase (PCP) agreements.
Legally, while you have outstanding finance, Black Horse remains the owner of the motorcycle until the final payment (and any "option to purchase" fee) is made. This means you cannot sell the bike privately without settling the debt first. However, as an authorised motor trade buyer, WeBuyAnyBike247 can settle that debt on your behalf as part of the purchase.
The 3-Step Settlement Process
Selling a bike with finance to us is designed to be as simple as selling a bike you own outright.
1. Request Your Settlement Figure
Before we can finalise the deal, we need to know exactly how much is owed to Black Horse. You can obtain this by logging into your Black Horse online account or calling their customer service team.
- What to ask for: A "Current Settlement Figure" and the "Expiry Date" of that figure (usually valid for 12–28 days).
- What we need: A copy of the settlement letter or a screenshot showing the figure, your agreement number, and the bank details for Black Horse.
2. We Settle the Finance Directly
Once we’ve agreed on a purchase price for your motorcycle, we handle the heavy lifting. Instead of you having to find the cash to pay off Black Horse, we pay them directly. This ensures the finance is cleared instantly and the "HPI" marker on the bike is updated, protecting your credit rating and satisfying the terms of your agreement.
3. You Get the Difference
If your motorcycle is worth more than the settlement figure (which is the case for most riders), we pay the remaining balance - the equity - directly into your bank account.
Example:
- We value your bike at: £8,000
- Your Black Horse settlement is: £5,500
- We pay Black Horse £5,500 and pay YOU £2,500.
What if I owe more than the bike is worth? (Negative Equity)
In some cases, particularly in the early stages of a PCP deal, you might owe more than the bike's current market value. Don't worry—you can still sell to us. You would simply pay us the difference (the shortfall), and we would then settle the full amount with Black Horse for you.
Why Choose WeBuyAnyBike247 for Black Horse Settlements?
- Speed: No waiting for weeks to clear a loan privately.
- Security: We are a trusted trade buyer; we ensure the finance is settled correctly so you aren't left with an outstanding debt.
- Convenience: We come to you, collect the bike, and handle the paperwork.
Ready to Clear Your Finance?
Don't let a Black Horse agreement stop you from moving on to your next adventure. Our team is expert at navigating finance paperwork, ensuring you get a fair price and a clean break from your loan.
Get your free, no-obligation valuation today. Simply let our team know you have Black Horse finance, and we’ll take it from there.