If he's bought it on hire-purchase then he's taken out a loan secured against the bike, and if he defaults on paying the loan then the company he's borrowed from can take the bike in payment; it's not his to sell until he's paid it off in full.
can anyone plz help explain what are the implications of buying a such a bike on hire purchase and the possibility of the seller not paying off the rest of the loan
bilalbk
That said, 40K on a modern and unstressed engine shouldn’t be a problem in the slightest, and if it’s been serviced well and isn’t tatty then I’d say it’s probably a cheap way to get a modern bike. How many miles are you planning on putting on it? Go much above average and you’ll likely find it has very little resale value when you come to replace it, which might or might not matter to you.