The 899 deal was just slightly higher apr than the 848 so about £3k down £139 a month and around £6k end payment.....
Must be a Ducati led promotion as Manchester have been shouting about it too. So maybe the 899 hasn't lit as many fires as they thought it would.
I think the initial press response has been pretty strong, surely Ducati's marketing strategy is to get as many registered and out there on the road as quickly as possible, best way of selling them is potential customers talking to new owners and the new owners themselves raving about them.
I always wondered about the PCP plan thingies. Do they make sense? Ive always bought my bikes outright. Just saved up and stuff.
Iam needing a sports bike back in my garage and have started lookin for some winter deals had my mind nearly made up on a s1000rr with a list price of £13655 and the bmw select deal over 2years you pay a total of £13550(dealer deposit contribution of £750)with tri options on a 899 over 3 years, list price £12628 total payable over 3 years £13942,heart says Ducati,head says BMW,Wife says she has seen some new boots she likes.Need to have a few sleeps on this one,oh i quite fancy a used cbr1000rr with no finance
I think the danger with these payment options is that you will never save enough to pay the balloon payment at the end of the term, if you could save enough you probably wont need those type of repayments in the first place. So you give the bike back or you buy another one, but at some stage you my not want to buy another bike, so eventually you could end up with nothing but have paid out shed loads over a number of years with nothing to show for it at the end.
Or you just finance it again and pay it that way. End of the day. If you have 3k in your pocket and £140 pm as a budget,you either go get a used bike for whatever thousand with a personal loan or a PCP deal and make a decision at the end
I put £2800 down on my 848 Evo on Tri-options. Balloon is £5100. If I put another £1000 down, the interest rate was higher and the balloon was £100 more but monthly payments would have been £90 a month! I'm only paying £119 a month. I tend not to get too caught up in what I am paying, I wanted a Ducati, it's that simple. I would have thought the balloon for the 899 is around £6500
I have never been one for financing cars and bikes.. If I don't have the cash to buy it I do without and as for this PCP shit I really don't see any advantage. Part with over £3k then give them £139 x 36 and if you want to keep your 3 year old shitter it'll cost you £6000 (est) In 3 years time you'll be able to pick up a 899 for £6k! I wouldn't want to upgrade any bits of a bike that I have on long term hire! I have toyed with getting a new to me bike, but what is a new bike going to give me over and above my 999 once the novelty has worn off. I certainly wont get in to debt for a bike.
I sort of agree, I set myself a goal in January to pass my test and buy a bike, I passed my test this year and to get through a test was £600, add another £1200 for helmet and gear, I just paid cash for a decent 600SS which has been perfect as a first Duke and all done this year out of my disposable income. I'll probably keep the bike another 18 months, and then put some more cash to it and then buy something for around £3,500 and then after a few years trade up again, benefit is that you keep owning a better bike every couple of years outright, and most three to five year old bikes are surely 80% of the brand new ownership experience.
Thats the point, its worth 6k in three years All you are doing is paying depreciation and whatever interest charges are made. Its not hard
