1200 insurance

[Mad_Accountant]

Specifically BMW insurance.

I had my renewal throughly this week. The way BMW multibike policies work is that you insure the lead bike and then up to three more go on for £10.50 each.

For a 2012 GS Adventure, a '92 1000cc r100r and a c1 the proposal was £398 (ie £377 for the GSA and £21 for the other two)

I sold the 1200 a few weeks ago to help pay for my new campervan and when I asked them to remove that bike the proposal dropped to £187 (£176 for the Boxer and £10 for the C1)

So swapping my 1200 for the airhead saved me £211.

I imagine it would be a similar story if I take up my option on an LC

My airhead is my "bike for when I don't have a bike" and in no way am I knocking owning the quite magnificent LC but it is hard for me to justify an additional £211 on insurance and a likely £1,500 per year on depreciation.

However knowing me that is exactly what I will do but March 2014 is the earliest as I have recover from the camper van arriving next Friday.

Enjoy your new bikes everyone

 

[baja]

Living in London, I didn't even consider GS.

there was 2 brokers trying to sell me insurance for 2000 quid TPFT (I am 41 with 22 years experience and 6 years NCB)

Then I called BMW Insurance and they told me 285 Fully Comp.

Job done, bike owned.

 

[Nutty]

£1500 a year on depreciation I wish

 

[Mad_Accountant]

More?? Less??

 

[Nutty]

More?? Less??

More, I'd say.

 

[Mad_Accountant]

Bike costing 16k all in - four years later would it sell for 10k? I guess it wouldn't and so I guess you are correct .......

So up it to 2K per year..... Bike costs 16k all in and four years later sells for 8k ..... I suppose that works but what scary numbers they are

Money well spent though

 

[Nutty]

Bike costing 16k all in - four years later would it sell for 10k? I guess it wouldn't and so I guess you are correct .......

So up it to 2K per year..... Bike costs 16k all in and four years later sells for 8k ..... I suppose that works but what scary numbers they are

Money well spent though

You can't put a price on fun

 

[Jumblemo]

A well specced Mini is 20k, my local VW dealer has a fully specced Golf 2.0 TDi on sale for 26k!! New vehicles are expensive. At 13k for a GS TE compared to 16k for a 'strada I don't think it's actually too bad considering the delight it brings. After all, you can't take it with you.

 

[DING-DONG]

Money well spent though

Its only paper ! I'm sure I've spent more on dirty women .

 

[Jumblemo]

And according to Paul G in another thread the 1100 GS was £9070 OTR in 1999.... New GS really isn't out of line then with previous pricing.

 

[baja]

I have only ever counted how much I have spent on cigarettes.

Since I stopped smoking nothing I buy for pleasure has any meaning in money.

I don't understand people who would or wouldn't buy a bike based on depreciation.
Not having budget for a GS stopped me from buying it two years ago, today I could afford to take it on finance and I am not claculating how much I am paying overall and how much it lost in value getting out off the showroom.
Whats the point?
What will that change?
I want it and I have it , thats all that counts.
Amount of money I will loose on sale (if ever) doesn't relate to experience I will have over the years of owning it.

 

[Mad_Accountant]

Its only paper ! I'm sure I've spent more on dirty women .

Do dirty women cost more?

 

[Elvisto]

Its only paper ! I'm sure I've spent more on dirty women .

Do you have their phone number by any chance