Im thinking of going for this as my 06 749 has started to get to the point where i worry each day if it will start, run and get me to work on time. Can you add bits to the bike at the point of purchase with pcp? Terms in particular. Seems a no brainer for me as the train is £30 a day and takes f***in' ages.
PCP is less expensive than a good annual family holiday. 2 weeks later you only have a tan to show for it. At least you get to have a brand new warranted bike to ride 365 days a year.
Yep I'm with you there I personally don't drink, smoke or spend much going out so to me 75 a month for a new multi is nothing. Others will spend 75 on a weekend out
I haven't had a drink for four months now, quite enjoy feeling so fresh Back to pcp, i spoke to the dealer today and he confirmed you can pay lump sums here and there through the term. Does anyone know, when you do this do the monthly payments decrease or do they just shorten the term length? What i need to work out is do i trade in so have a bigger deposit from the off, or lay down a grand, sell my current bike privately in a week or so, then put that money to the pcp, and get the payment amount down. Thanks.
Iirc any payments you make through the term just come off the final lump you would need to find at the end of the term. Would have thought it would reduce the total amount a little as you shouldn't pay interest on that amount, but the rates atm seem pretty crazy low so probably wouldn't knock huge amounts off.
its a glorified long term rental arrangement with huge penalties if you clock too many miles and you get an option to buy at the end of it
T There are only penalties for higher mileage if you give the bike back at the end of the term. Common sense suggests most people will trade in for another bike or buy it outright.
What happens if you're circumstances change after 12 months and you have to sell the bike. It's taken a massive and probably 90% of its 3 year depreciation in the first 12 months, you'll probably end up owing them money to get out of the agreement. Trouble is Ducati only offer Lloyds finance, shop around, if you're putting down 50% you could probably get the balance on interest free or just pay the interest charges, about £30.00 month. Close finance are good for that sort of 'flexible' deal.
With the amount of deposit you need to get into the trioptions scheme I don't think you would end up owing them if you wanted out after 12 month. I think it's a great deal the interest is by bad and the payments are low because of ducatis good second hand values , it's got to be one of the best ways to get a new bike if you can't afford to pay in full.
I did.....went for the 1199 when I was originally looking for an 848SE. I decided that this way I get a much higher spec bike for the same monthly amount - which i won't be so militant about keeping spotlessly clean and only use in the dry, as for me its a commuter and occasional fun day bike........I view it as a hire bike and will just give it back at the end of the term and swap out for something new.
I put the full deposit amount down in the tri-options scheme. Trading in after 1 year isn't an option. Still owe too much. Probably due to the 2014 revised diavel being released, reducing the older models values.
They only work if you keep them three years, the depreciation evens itself out over that period, your buggered if you try and move before that. Ducati update models every couple of years, they'll always use that as a reason to give you less for your bike in p/ex. Look at the monster 1100/ 1100s/1100EVO and now 1200.. They're not for me ......
I played around with mine quite a bit and found that if I put more down up front my balloon was only £100 less, the only difference was the monthly payment. I have to say the interest was lower than any loan I could get. But like it's been said I REALLY have to keep the bike for the term because it looses a bulk of depreciation in the first 1 year and u have only paid £1200-1500 off it!
