Green shield stamps not accepted, clause number 1...........
Or JB's
War bonds..
And
Certainly no swopping your food ration coupons..
Green shield stamps not accepted, clause number 1...........
If it's a good bike, you just keep it and pay it off.
Or if it's a Lemon, you hand it back (fight off their lawyers regarding discrepancies in condition/mileage/expectations) and walk away grinning from ear to ear.
Then stick your £6,400 on another better condition, lower mileage HAT of the same PCP returns
I'll be keeping mine as I've spend £1500 on farkles which I would actually like to keep on the bike and they have 'adventure (crash) history' with me now
The bike looks like it's been to Mongolia, but I've only chucked it down a couple of Peak District hills....
Basically it's scratched to fuck and I'd be returning it in a wheelbarrow if it carries on
PCP - Persistently Crashed Plan. GFV = £0
Pic : Sleeping after a hard days riding with my mates, shhhh... you'll wake it up
Great pic!
Let’s see the accompanying video
So where do we get this deal ?
So where do we get this deal ?
The Africa Twin deal was roughly as follows:-
Brand new Africa Twin DCT = RRP £12,500
Dealer Contribution = £3,500
Customer Contribution = £0
PCP Financed at £70 pcm
PCP Finance = 0%
Balance to pay after 3 years = £6,400 or hand the bike back
Mileage allowance = 4000 miles per annum, 12,000 total over contract.
The way I looked at this deal was.....
- I get a brand new bike and not pay a single penny deposit. Walk in, sign papers, walk out with keys and Happy Days smile.
- I only pay £70 per month, which is the cheapest finance I've ever had on any bike in my 30 years of buying bikes. Even CRF250's and monkey bikes are more expensive than that.
- I won't miss £70 per month. Mileage restrictions don't apply to me as I'll be paying off the balance and keeping it. Its a really nice bike for £9,000 total payments. In my opinion, a Bargain !!
- So I can happily write off the £70 each month. £6,400 is cheap to then pay off this bike after 3 years. Depreciation has been paid for by dealer upfront and its still a really good bike.
Which ever way you look at it.... it's a good deal.
Which one ?
The one in post number 1
If it’s 7p per mile over...is it as simple as:
Paying the £70 (if that deal became avalible again)
Acctually doing the 10,000 a year I’d like to do
At the end handing the bike back plus pay 18,000 x 7p £1260
If that’s the case the bike would acctually cost £105 per month which is cheap when you consider deprecation you have on a bike you’d owned after 30,000 miles.
On the condition front, is it scrapes and missed service that cause an issue - If I choose to just ride and never clean and corrosion appears can they have a claim on you
In theory yes, but you have to also keep up the service record for that mileage.
BUT, I would imagine they'll try to find any means possible to rack up a higher settlement figure from you, based on wear & tear, condition etc if you handed it back.
So yes, if you return the bike in poor condition they'll try and charge you to remedy it...
On the car, honda finance assessed the repair cost of any minor scuffs and had an allowance (£400 I think), below which there was no charge. Maybe a similar process on a bike?
In theory yes, but you have to also keep up the service record for that mileage.
BUT, I would imagine they'll try to find any means possible to rack up a higher settlement figure from you, based on wear & tear, condition etc if you handed it back.
So yes, if you return the bike in poor condition they'll try and charge you to remedy it...
That’s you fucked then!
Ordered a 2018 model ATAS today, DCT version. Collect in 2 weeks.