Is this a good deal? PCP £2500 deposit, £99 per month for 3 years, Or £1500 deposit, £132 per month for 3 years. 2016 Black Edition blade ( non ABS ), Extras, Seat cowl, waved break discs, Honda racing short levers & double bubble screen.
Concentrate on the OTR price and the rate of finance... I paid £10,200 for the blade last year. Bank loans are only around 3% APR at the minute. Get it close to that and you're doing well.
I would have thought that they will be very heavily discounted soon due to the new 2017 honda that is about to be launched .
Both PCP deals, Next door is Lloyds BMW, S1000RR, £1500 deposit & £194 per month over 48 months, 2016 model with all the toys!!
The figures mean nothing without knowing the GFV, APR and mileage limit, purchase price, and amount of interest payable
In that case it will cost 6100 plus servicing etc to own for 3 years and it's hard to believe there will be much if any equity left in it at the end of the loan with a 7k GFV. So it depends on the individuals idea of value, and if the idea was to keep it at the end of 3 years I would think there are cheaper ways to buy one.
Never had a new bike, Still got my SP2, Got the deposit & going to have a look at other offers like the new zx10r & Gixer 1000, Getting on in years and might not be on sport bikes forever.
Pcp just doesn't stack up for me. You'll put a lot of cash in that deal in 3 years get nothing back. Get a loan and pay half the interest
PCP is good but it depends on what you want, if you want to change your bike every 2 to 3 years and pay a small monthly payment then its great. If you want to own the bike at some point then PCP is always a more expensive option as you pay interest on the total amount borrowed but you also pay interest again on the balloon. HP is the best way with bikes IMO, you pay a higher deposit/payment but in the end its yours. Hope this helps.
You only pay twice as i initially its over a shorter term, normally 3yrs and then if u wanted to own pay the GFV over a further two years. To get anywhere near close on normal HP finance it would be a 60mth agreement anyway. If you matched PCP v HP both over 36mths the payment would be £80-£100 amth more hence why cars do PCP, cars wouldnt sell for £40-£100k on HP
On a PCP you pay double interest on the balloon weather you re-finance it at the end of the term or not. Most people don't realise and its not clear in your T's & C's
I know the new model will be hitting the dealers soon but I am quite tempted with the deals that can be had on the outgoing model. A lot of bike for the money.
