As for the comment people who buy a bike on a pcp don't look after them, really! It's in my interest to have a safe and reliable bike, let alone having a bike worth something either for the next deal or if I decide to keep it. As for not buying bling for a pcp bike, well that's for the individual to decide. I'm sure there's plenty of standard Multies that are owned by owners on here. The reason I'm not too bothered is this Multi is not the final version I want and tho I'd love a different pipe, tail tidy, carbon bits etc etc I don't feel I have too. If I'd been able to afford a PP might've been a different story. It's not like I've never blinged a pcp bike up before
Just out of interest has any body run there pcp to the full term and if so what was the hand back like,did you get more than the gfv ?
I reckon that depends on dealer relations and what you are chopping in against. I'd imagine an 1199 would be a faorly strong bet right now, or a 14 model multi, less so a 1299 or new multi
Usually yes otherwise you hand the bike back and walk away...which is not what the dealer/manufacturer wants you to do. They want you to buy a new one. The GMFV's should be such that you have some equity as the end.
Spot-on. Your 13 model didn't turn into a crap bike that has to be upgraded overnight with the introduction of the 14 model. Just ride it and enjoy or, like me, take the hit and upgrade to a new model (PP in spring. Can't wait!). My 13S will have done 20,000 miles by then and I don't keep bikes past that point. Might try PCP this time though. Looks a good arrangement to me.
A lot of people here don't seem to realise that PCP is just another financial product to borrow money to buy a bike/car/whatever, nothing more. The bike is yours to do as you wish, at the end of the deal you can buy the bike for the balloon payment and it may be worth more, in which case you probably would, or less and you can decide to hand it back. Simple really. In interim, you have a much cheaper loan payment than you would for the full amount. Most PCP deals roll over to a new bike after or before they mature, that's what I will probably do. If you do very high miles then PCP can be adjusted to account for that anyway, most car PCP deals are at 15,000 as an example and bikes typically about 5,000 at the higher end. Ignore the internet oddballs who are telling you the bike is not really yours or owners aren't looking after them, that's all BS. It's just a bike loan that leverages a financial product to shift higher value bikes/cars from new. It's supported by the manufacturer with better interest rates because it stimulates new sales. PCP managed well can get you on a new bike every three years or less which if that appeals can't be bad. If you just want a bike long term, you can use PCP to leverage the first three years then either buy at the agreed value or even refinance to suit.
PCP is just an HP agreement where the full balance is not paid in monthly repayments but leaves a final amount outstanding at the end. You can p/ex or buy outright a bike on PCP at any time during the agreement.
Agree with above. They are looked after same as any other new bike. Ducati is 6k pa limit with fairly punative charges over, but again if buying another bike thats simply part of the negotiation.
There can't be that many bikes doing more than those miles each year. I probably do about 12k plus miles a year across a couple of bikes and some foreign trips on rentals. My bikes here see up to 5k a year at the top end so it's not an issue for me. If you are doing more serious miles then I'd be thinking to get in a position to buy the bike outright or do a simple loan without conditions. PCP needs a mileage limit as without the final guaranteed value cannot be offered as any bike coming back after three years with 50K miles is clearly not worth the same as something with 8-10k which seems the top end of the averages.
I bought my multi gt last year in sept for £15995 had so many problems with it that I traded it in this sept and only got £10k for it, Riders didn't want to touch it and they offered me peanuts,I had done 6000miles , I have moved to Bmw, and have to say the service has been brilliant, they traded the bike on, and I see on autotrader the bike is still for sale at £13995, it seams it dosent matter how much they charge for it, if they haven't sold it they've made nothing! Last time for me buying a new bike, as that hit lost me years of money I had put into bikes! Hey ho! That's life I suppose!
I have just traded my 899 in, now bear in mind its £12,500 including VAT, bear in mind the minute you sign the paperwork you have depreciated the bike by the VAT 20% so that's £2,500 lost already, a year later the dealer has offered me 10k as part ex so all I have lost is the vat can't be bad well I don't think so anyway considering I have put 7000 miles on the clock in less than a year. If a dealer is desperate to sell you a bike he will offer you best price.
We had a new Granada 2.9 24v Cosworth in our company and list for company car tax was c£29k. I bought it at 4yrs old with 185000 miles on it for £500
I paid for my 1200 ABS model with cash nearly 3 years ago now and was looking to change to a PP model a couple of months ago but got offered just over 7k in Pex, tbh I wasn't expecting much more than that as there are a few second hand models on the market nowadays. I was however a little disappointed that the dealer didn't seem to be keen to go that little bit extra to try and do a deal. Hence I still have it but maybe tempted to change later this year and may consider the PCP route with either Ducati or BMW.
My pcp gfv is 8500 ish for an S so about in line with your 7k Has anyone EVER actually got more on trade in than the GFV?!
