I had made some enquiries during the past week or two about an 899 and was given all the figures while the dealer sourced a bike. Went in yesterday and Ducati have increased the pcp offer substantially making the bike just short of £1000 more !!!! The offer was £3157 deposit and 35 x £139 with a lump of £5745 at the end, making a total cost of £13942, 5.7apr, 4.54 fixed. The new offer is, £3157 deposit, 35 x £149 with a lump of £6313 at the end, making a total cost of £14860, 9.5apr. 8.09 fixed. No interest rate hikes have been made by the banks etc so how do they justify such a massive increase in rates which adds nearly £1000 extra on a 3 year deal. Do you reckon Ducati have just done this because the bike is proving to be so popular so they are taking our eyes out. I was going to go for this offer but the increase has probably made me back out of it. Some may say 'its only £10 month' but that plus the extra at the end makes it not viable and £10 when things are tight and you have to justify why you 'need' another bike to the other half makes it even harder.
Because Ducaudi takes the piss. Why else would VW Audi group be rolling in cash? Coz they takes yours.
Apart from the £800+ extra deposit you can buy the 1199 abs for the same £149 per month, higher final payment but the bike would be worth more anyway.
Me working for the VWG group (indirectly) the markup on parts its plain silly... (Gas discharge bulb... VWG purchase price = £15 / Dealer sale price £150)
Ducati cost to manufacture? 7k (guess). Sell to you and me 20k. Its a joke and I wont be ripped off anymore by them. Its ruined my perception of the brand. Whilst I will have my 916 forever, I suspect I wont be buying another Ducati.
Fresh delivery of hot cakes. I count 9 x Panigales - some have black front fenders, some have red, does that indicate whether they are 899s or 1199s? Twitter / smcbikes: A few new Ducati’s all ready ...
Mortgages and loans these days are not as tied to the BOE base rate as they used to be. As it's been low for so long most banks etc altered the terms of how much they can charge above base rate so they earn the same margin as they always have even on trackers. Many loan rates are currently and have been for some time similar to those we had with a BOE base rate much higher than 0.5% I suspect it is simply because they can and think people with pay it. Might be over subscribed so it's a way to cool the amount signing up. I always saw PCP as a way of shifting bikes many otherwise couldn't afford especially in hard times so if it sells really well without there is less need to offer it. Just my perception, not based on any inside knowledge mind you.
Its the same with most things really, supply and demand. You take a holiday during school holidays you will pay more. Book a flight well ahead you will get it cheaper. House prices, the list goes on. Hotels charge more during the week than at weekends. Unfortunately that's how its always been.
It could be that the terms that Ducati get from their bankers have changed and as a result it costs them more to borrow so they have to pass on the increase. I`m sure there are plenty of other potential lenders any of us can speak to before buying a bike so , as usual, look out for the best deal you can and don't just take the dealer`s offer because it is convenient.
The rest or most of the rest of their pcp deals are the same, it is just one or two they have put up, think the Multi has also gone up. Watching a program yesterday they said they did not expect any interest rate rises before 2016. I think the view that they know they are shifting so lets con some more cash out of customers seems to be the reason. Bit of a bummer when you are given the figures, ready to go and are just waiting for a bike then the goalposts are moved.
The BoE base rate has nothing to do with interest rate on personal finance, or mortgages for that matter. Finance deals are more closely linked to Libor (London InterBank Offer Rate) as this is the rate at which money is loaned between banks (so a bank would add their commission on top of this rate) rather than the BoE rate which is (historically) the rate given for overnight deposits at the BoE. But it's all down to supply and demand. The 899 has been a big seller for Ducati so they are making their money for a popular product.
I've been looking at the 899 ,and had not really looked into the 1199 But after reading a few threads on here ,then being told the same as iang27 When I called into the dealers to knock them down ,the 1199 looking more the likely one I will go for. Back to back test rides Saturday ,and if the fuelling and the handling to my likening it will be the 1199 if not I'll suck up the increase and try and grab a 899.
wait, so the 1199 is still at the lower rates? Ducati are mad to do this, unless they are selling more 899's than they can possibly make this seems stupid! The impression is that lots have bought them but quite a few took the plunge because of the Termig deal at Christmas. I wonder what the sales have been doing since this ended.
I can only relay what the dealers have told me Moto Rapido have sold every 899 before it's reached their showroom Snells ,August delivery if I ordered last week
