18 plate TE model Gs

[doyle]

After a bit of advice, I have a 18 plate 1200gs Te, which I have had from new and at 5he time decided to take on PCP.

I have hardly used the bike ,mileage is currently just over 4K. Now I have decided it’s a waste of money sitting not getting used. The end of the agreement is up in June 2022, , because I am wanting it away before then I have a fee of £1200 to pay which is a bugger but hey ho.

I can buy the bike outright for £9300, which I have the funds to do ,But don’t need the bike and the question iif I did buy it ,would it sell and price wise clear itself? Dealer prices are more with always higher mileage, but come with main dealer confidence?

Any advice?

No need to say - shouldn’t have taken it out on PCP - since in my case it was a bad decision.

 

[een705]

I am sure you will get more than 9300 but winter is coming...

 

[joness7]

You don't need to settle the finance in advance.

With the buyer present, call the finance company and get buyer to pay the settlement figure. Then buyer transfers the rest of the purchase price to you.

 

[the woodster]

Selling privately will very likely get you more money but can come with a load of faff. If you're not intending to buy another bike then this is your only real option. You are not selling at an ideal time but it sounds like an attractive bike. Plenty will tell you to wait for next Spring. Why would you? the bike will be six months older and you want the money now. I'd try Facebook Marketplace to assess the interest, which is free. You can of course go the eBay, Autotrader, MCN route.

 

[Gargy]

Bike is worth around the 13k mark in a dealership.
Pay off the finance. Service it and extend the warranty. Advertise it at £11750.
Buyer gets peace of mind. You get more cash.

Good luck.

 

[yofi]

My tuppence's worth. If you want the bike away now and do not want to wait until spring then you are getting quite close to a balancing act. Franchise stealer price is around the 12.5k mark (varying between 11.5 to 13k), and private sale would max out at 11k, were there any takers. I'd say that given the hassle and risk given the time of the year, it's simply not worth it for a grand or so.

 

[MikeS]

You don't need to settle the finance in advance.

With the buyer present, call the finance company and get buyer to pay the settlement figure. Then buyer transfers the rest of the purchase price to you.

Do it this way, very straight forward.

 

[doyle]

Thank you for all the advice and suggestions. I will see where it leads.