Triumph holds it's value?

Hi Nick.

I found this same thing when buying my 2012 T100 bonne (now for sale - change means I can't afford to keep it!). Any bonnie in good condition was holding it's value.

I was tossing an turning with buying a new one or buying second hand.

I liked the idea of owning the bike, looking after it, and keeping the value should I need to sell it (as I now do!), but you need to have the money up front available.

Personally, I didn't like the idea of paying a bucket load of interest on the personal loan.

PCP was very tempting, but it's personal preference - you don't own the bike for the term, although you are getting the use of a brand new bike for a low monthly payment. If at the end of the term you do want to own the bike, you can take a loan out against the current value of the bike...which will naturally be lower, but then you're back the whole interest thing.

I know the adage goes "if it depreciates - hire it, if it appreciates - buy it" but in this rare circumstance, I think it's a close call that comes down to personal preference and financial position.

Good luck with your test!!

 

My personal preference would be to go with a second hand model, mainly I don't like owing money if I can help it and also as a first bike you will be commiting yourself to a large wad on loan, if you don't get on with it you won't be able to change it as the equity on the bike will prob be less than the loan, 10m off forecourt depreciation! I would go for an affordable 2nd hand which if you want to sell it you won't lose much, might even make a profit! Then you'll have a better idea of what you want to ride and buy your street twin then!

 

They do hold a good value, I recently seen a 20 year old Bonny for £3500, versus £5500 for 3 year old or £7000+ for new personally this is partly the reason I have just went for new, but then I did get a good deal on an outgoing model.

That said as you are new biking I would recommend you go second hand until you experience a bit and then get a good understanding of what you really want, as Crisper said above, I made my choice after been on bikes for 15+ years.

Plus the big bonus of going secondhand is quite often the bike has already had many extra's already added to it, that if you are happy with the price then you getting all these for free essentially, AM exhaust can be anything from £500 to £1000 all done already.

 

As others have said, go buy a second hand model at the lowest end of your budget. It's your first bike, you ARE going to drop it! You also get to learn how to do some basic maintenance tasks, brand new bikes just go back to the dealer, part of warranty / PCP deals is they are dealer serviced.

Personally wouldn't touch PCP with a barge pole. Terrible idea. Low APR Tesco loan and buy outright, is the way I have always done it (except Suzuki 0% APR deals, they are good). Or buy on your credit card, get a new 0% balance transfer card and get interest free loan for 18 months(did this on my first bike)

As others have said you might decide you don't like it, and tied into PCP is not good either. Go cheap as and enjoy, you'll love it just as much as a new one and then when you decide what bike really suits, you've got a good deposit in the bike you own fully.

Bonneville's do keep their money very well, so come selling time, you'll not lose much money.

Just my humble opinion


Edit: Bonneviles on ebay from £4k

 

Hi Nick and welcome to the forum.
Good luck with the full licence test - only did mine 23 months ago.
I bought a second hand Bonneville 2 days later (2004 T100) - for £3000.00. They can seem expensive compared to new models but look around and you might just find one that seems cheap enough. They obviously hold their value and not much goes wrong - they also tend to be looked after so don't be afraid of an older model.

 

I bought mine on an interest free CC, as it had been part ex with the bike maker CCM.

Just keep a look out Nick, there's plenty about. I'm not going to push mine on you, as I don't want to get a reputation on the forum!! I like it here!

If you're interested, drop me a message and I'll send you a link. Taken it off ebay but put it on MCN and Autotrader.

 

Other than Autotrader - MCN bikes for sale, Ebay is always a good option, and probably the cheapest.

Most Bonneville's are owner by more 'sensible' bikers (can refer to them as elderly, if you want ), so you won't come across as much thrashed scrap, as if you were after an R6 of GSXR.

Welcome in, Good bunch of guys (non-gender specific) on this forum, not found any tw*ts yet!!! Which is unusual on forums (go on any GSXR forum, wall to wall tw*ts)

(Apoligise for all the brackets)


Ebay link to a cheap one , couldn't help myself !!!!!

 

Good catch! Not far from central london either!!

 

Hi Nick

are you self employed ? a motorbike is a legitimate business expense, just like a van . . . . . . .

 

Being older and more sensible riders possibly creates the higher resale values as 'we' don't fluctuate between things as rapidly as young 'uns and can wait long enough to sell the bikes at they're supposed prices.

 

Lucky purchase from niece's boyfriend - (he bought one of those German things instead!)