£8634 over 3 years and you don't even own it at the end. Absolute bargain....
Not aimed at you JB....Just an observation.
That can’t be right?
I was upset at losing £1000/yr on my ex dem twin-cam GSA
£8634 over 3 years and you don't even own it at the end. Absolute bargain....
Not aimed at you JB....Just an observation.
£8634 over 3 years and you don't even own it at the end. Absolute bargain....
Not aimed at you JB....Just an observation.
And depreciation over the same period is???
£11,325 for three years borrowing a TE Exclusive!
And depreciation over the same period is???
And the best bit is that friends say to me “ I/we PCP it (bike/car) because we can’t afford to buy it “ !?!!?
I tell them I know exactly what they mean , I’m in a worse situation in that I don’t earn enough to be able PCP a new car/bike so I buy something I can afford instead...... it usually goes right over their head
Even when I pointed out to my best mate a few years back that I’d bought a fully specced 5yr old 42k mile S Type Jag in Jewish racing gold for less than the 1st years payment & deposit on the 1 yr old 19k mile Audi A3 1.6 poverty spec he was about to rent AND that I could therefore literally hand the keys to a complete stranger after 1 yr, walk away and I would still be in a better position financially he still thought he was getting a good deal. Even more so because the dealer was throwing in a key care policy and an Autoglym paint care package
But I'll have to adjust it all again when I buy it off you at the end of the PCP contract so the buttons were money well spent.
It's not all about the money boys!
Just ride and enjoy.
That can’t be right?
I was upset at losing £1000/yr on my ex dem twin-cam GSA
£9,200 in June 2021... get saving....
Thought I’d update the thread even though I bought my bike a few months ago!
I went PCP via the dealer which to be honest wasn’t too bad a deal and it helped secure me a good overall package with luggage etc
I then got a bank loan that was nearer half the APR rate of the PCP and paid it off within the cooling off period
When I pay the bike off when I retire in a couple of years, doing the switch will have saved me around £1200 in interest plus a rebate on the interest still left on the personal loan so maybe a £2000 total saving.
The only downer is my monthly repayments are £80 a month more that they would have been on PCP
Thought I’d update the thread even though I bought my bike a few months ago!
I went PCP via the dealer which to be honest wasn’t too bad a deal and it helped secure me a good overall package with luggage etc
I then got a bank loan that was nearer half the APR rate of the PCP and paid it off within the cooling off period
When I pay the bike off when I retire in a couple of years, doing the switch will have saved me around £1200 in interest plus a rebate on the interest still left on the personal loan so maybe a £2000 total saving.
The only downer is my monthly repayments are £80 a month more that they would have been on PCP