Lease Or Buy

Nope ..... well not me.

How many miles do you want to do per year?
How long do you want to keep it?
How necessary is the latest and greatest model?

 

I'm not a huge fan of pcp deal, the balloon payment is normally very high - that's to get you to restart the deal on another new bike. So you take the hit ( 1st buyer) look after the bike and then chop it in. Only winner is dealership. This is only my opinion and not one of the masses..

 

Nope always paid cash. IHO dealers and the finance companies are the only winners if you go for a PCP....

 

I've always been in the camp of buy the bike out right....... but not now i've been totally converted with my last purchase, as it seems i've bought a bit of lemon that i would be happy part with in 2 years.
So its pcp for me in future.

 

Bought my Africa twin on PCP

Was reduced to 10k from 1200ish

3 years at 0% interest at £140 per month and then I will hand it back.
Cheap bike.
Of course 0% PCP is rare and mileage limited to 3000 per year

 

Here you go. Saw these in A1 moto York yesterday (Wednesday) and took a pic as found the figures laughable.

Lovely and cheap per month but look at the end payment?





Only £5800 or £7500 to find in 3 years

..... but at least you get a complimentary Arrow exhaust with the 765
Wow wee!!!!

 

The bike itself is really a bit of a cherry along with any sweetener deals/discounts. Put the object of desire to one side.

You are really asking about the price of money and how much you are borrowing. The advantage of PCP is the low entry cost but it is most expensive in the long run. I have not heard of a pure lease as for cars but the advantage is usually business based and depends on cash flows and, marginally, tax. With a good credit history personal loans are probably cheapest but nothing beats saving up if you can only stand the wait.
https://www.moneysavingexpert.com/car-finance/

 

That Street triple is approx £145 per month including the deposit if you hand the bike back after the 37 months. Not bad monthly rental for a new bike every three years

Depends on your circumstances i suppose and how often you change bikes.
If you purchase the depreciation would be a huge factor on a new bike as you also have 20% VAT when buying

If purchasing outright I would always go for ex demo

Where PCP doesnt work so good is where the APR rate is around whats normally offered (8-10% ish)

 

I’ve got my first ever brand new bike thanks to PCP
2018 Speedmaster
Gonna get a brand new 2.5 Rocket R on a PCP
I understand people being wary of these deals but it suits me and I’m not in a position to do it another way
Great if you can buy stuff outright but I have spent all my life with second hand cars and motorbikes
The balloon payment is only a problem if you want to own the bike at the end of the deal
Feck it just get another one

 

Yes. Bransons in Yeovil 12 months ago

I just googled Africa twin 0% and there are deals on again at other dealers. I guess they are clearing out for the new model

 

Your right Dilli it is all about personal choice on how you finance your bike.

 

So if you think £147 a month is acceptable then go for it but dont forget you can't use it as freely as if it was your own due to the mileage limitations

I bought my765 with 272 miles on last November and it's now on about 5600 miles.
How much additional expense on top would those 1600 miles then be?

 

I agree. If you are a proper biker or retired etc and do more than 3k per year it is not for you due to the mileage penalty.
Checking out used bikes shows that a huge majority of bikers will never do 3000 miles per year

 

You can set the mileage higher (costs more) and if you trade for another bike theirs no mileage penalty anyway

 

So say you set it at a higher mileage say 6000 and then due to work, weather, fitness etc didn't do it, would you get some refunded?

 

Not a refund but a better trade in valuation