Tempting. Low up front and monthly payments. Expensive IF you walk away after the initial period. However if you are the kind of person who wants to update regularly to the latest toys from a single manufacturer, in this case Ducati, and are prepared to pay a premium to do so, it looks a good option.
Not for me....I like to own my bike - and do whatever I want to do to it....I think with PCP the mileage is limited plus you cant arse around with it....air filters, dyno work etc etc...
I like the idea of it.... but think it's most useful because you get the warranty, the 1199 does seem to have a lot of 'character' it seems, so the warranty would be useful I rekon.
The only way i was able to afford my nearly new ducati. The milage is restricted to 6k pa. But thats no bother as i bet i wont do 4k.i have changed a few bits. I will just swap back when done
Just the standard 2 year warranty. You can, or at least you could, extend it for an extra year for £300 or so to take it to the 3 year mark. They stopped the third year warranty a month or so ago implying there would be a replacement but I haven't heard anything as yet as to what it will be.
I haven't done the numbers but I would have thought with some of the low-interest-rate loans on offer now it shouldn't be difficult to better Tri-options.
It's FAR cheaper over the interest period to do it on a bank loan, but it does offer flexibility and low monthly payments. I've had loads of bikes on pcp and never had an issue with modifications providing it can be returned to standard without damage. My Triumph has all the official accessories on it as do most and it's not been an issue. The issue comes if they re-posses it which if u think is likely then you probably have some other stuff to work on :-( I'm currently trying to work out the best way of financing. For example if u set the mileage high (default is 4k a year normally) u will pay more a month, but your GFV (guarantee future value) or 'balloon' can reduce significantly. Often though if you put more deposit down on the bike the interest rate rises. Mine on my 848 was 4.x but was 5.2 if I put down an extra £1000 deposit. There are some useful sites out there to advise on the best way to get value out of pcp
As already said loans are dirt cheap at the moment, surely worth considering. Ducati are quite rigid on how much deposit you put down and over what period, surely better over 2 years as the residual value at the end will be higher but they always advertise 3 years. Seems a way of Ducati keeping an eye on dealers discounting new bikes. Be better if your dealer offered alternative finance from different companies and products ie 0% or 50% deposits, monthly interest only, straight loans etc. BMW are 2.9% on their PCP finance at the moment.
Im looking at coming back to the Multi. Usure about PCP and looking at just putting the difference on a 0% credit card. (Yorkshire bank have 26 months at 0%) Can anyone advise what the situation is if your trade in is valued at more than the trioptions deposit. (i reckon approx £6k over the example given on Duc ti UK) Cheers
To be fair unless I'm miss reading the information @evoarrow has a point The Ducati tri options cheapest option is 5.88% and runs through to 8.42% compared with bmws 0% on a few models to Having 2.9% on 10 models but has a slightly higher limit of 9.9% on 7 models
It would be interesting to hear from those who have or are coming to the end of a PCP deal no matter which brand. The Multi (asany new bike) value dropped like a stone on my 2010. The problem I have with it is that your in a never ending cycle of having to find another deposit. By the way those Ducati interest rates are shocking in todays climate but as with everything Ducati.....there is a price to pay for the excitement.
I don't reckon youll ever see that as you never know which way the market will go.... id never have considered pcp before but - if the wife wanted an "emergency holiday" then id let one of my bikes go in return for a brand spanking hyper sp on pcp....!
I have used credit cards with 0% for deposits and paying off PCP balances a few times and always had to pay a 2% fee for the pleasure. Still a cheaper loan but you should factor it in.
Also, Amex do 5% cash back for new customers up to £125 so if you find a dealer who takes Amex, not all do, you can get 5% cashback on some of it and then do a balance transfer to an interest free for around 2% so you make 3% to offset the 2% charge from the dealership. If you can be arsed.
