Failed bike repayments

Failed bike repayments

I bought a brand spanking new Ducati Panigale 1299 a couple of months ago ready for the summer. I couldn’t wait to go and do some track days. A week later I got wiped out by some snotty nosed teenager in his mum’s Nissan Mica.

He admitted liability and forgetting my broken arm for now, despite being fully comprehensive insured, my insurer has valued my bike at less than I owe the finance company.

I have stopped paying Mr Finance Co. and told them they can do one. I don’t see why I have to pay for a bike I don’t have any more all because of some little muppet in a Micra. Why shouldn’t he pay?


Firstly, I feel your pain as I got nailed on my new Bandit 600 years ago about three months after I got it. However, your finance company can take you to court and would win if you do not repay them.

While it is unfortunate that you have to pay off a Ducati you no longer have,you have an agreement to repay Mr Finance Co. the money that originally paid for your bike. Think of it in terms of a bank loan i.e. if you borrowed £10,000 over three years, but failed to make the payments the bank could sue you. My advice is get in contact to start paying.

Andrew Prendergast

Motorcycle Monthly June 2015

Disclaimer: The legal advice and statements contained within this/these articles is correct at the time of printing. If you are seeking legal advice after a motorbike accident please contact us to speak directly with one of our lawyers.

Posted by Andrew Prendergast. Last modified: March 23, 2018 at 4:50 pm

Andrew has been riding motorcycles since he was 10 years old and currently rides a ZZR1400 as his daily commuter whether it is sunny or snowing. In addition, he is currently restoring an old Honda CB750 K1. Andrew practices across all areas of motorcycle law, with his practice involving both civil claims and motoring defence work.


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