For Sale 2025 Norton Commando 961 SP PCP - £50.43/month

[Geturelegover]

I’ve been deliberating over putting a post up for my silver Norton Commando 961SP since last October. It’s my only bike and finally have to admit due to age and health it’s not going to be ridden by me again so thought I would post on here to see if anyone would like to transfer the PCP @ £50.43 / month.
The bike was registered 11th April 2025 and wasn’t affected by the recall as a later build. I only rode it five times last year, the mileage is 255 miles and only ridden in the dry. It’s standard apart from a small clear tank pad.
So if anyone is interested in taking over the PCP that finishes April 2027, there is a £120.00 charge for the novation transfer that I will reimburse once the transfer is completed.
The bike is located in BA12 (Wiltshire)

 

[Malcvtr]

My apologies, but I know nothing about PCP because I've never been interested so excuse my ignorance. With this finance arrangement, if I went for it, what is the best outcome (financially) for me and what's the worst? Thanks.

 

[peepingtom]

My apologies, but I know nothing about PCP because I've never been interested so excuse my ignorance. With this finance arrangement, if I went for it, what is the best outcome (financially) for me and what's the worst? Thanks.

the cost will only be the £50pm you simply hand it back in April next year as long as the conditions and mileage is within the contract parameters

 

[tjmouse]

My apologies, but I know nothing about PCP because I've never been interested so excuse my ignorance. With this finance arrangement, if I went for it, what is the best outcome (financially) for me and what's the worst? Thanks.

You pay £50.43 a month until April 2027 at which point you either give the bike back or pay the balance to keep the bike.

Worst case financially is probably if you go massively over the mileage limit and drop the bike a few times.

If you keep it clean and use it within the limits then it’s a bargain rental for 12 months. Unfortunately I don’t have enough garage space!

 

[craig614]

Mobile phone contracts are more expensive......and you can ride it for 3,745 miles for a year. Roll on sunshine.

 

[Geturelegover]

Bike PCP transfer on hold pending completion of novation agreements.

Just to try and answer to your question regarding the PCP, in this case you would be in effect hiring the bike for 12 months for £50 per month. At the end of the agreement you either hand the bike back or if you want to keep the bike you pay the GFV £12342.
The best outcome is you get use of the bike for 12 months for just over £600 which is a lot less than what any depreciation would be and if you’re considering keeping it after that many are speculating that the could be a good deal to be had on them.
The downside financially is if you exceed the 4k mileage there is a 10p per mile charge or if the bike is returned damaged or in unreasonably poor condition the finance company will undoubtedly charge for it.

 

[Wilsdorf]

& presumably just over£50 and the cost of an annual service. Cheap as chips.

 

[Malcvtr]

Thanks everyone. Hmmm. Food for thought.

 

[fatbastard]

I was told from the Norton dealer when I got my bike to make a cheeky £8k offer at the end of the term , if not it goes to auction.

 

[Berin]

I was told from the Norton dealer when I got my bike to make a cheeky £8k offer at the end of the term , if not it goes to auction.

That’s what i plan to do. My final payment is £12k, but I can’t see it being worth that.

Future classic though! As they were all SVA they didn’t have to comply with all the Euro safety an emissions rubbish.

 

[Robbieben]

Interested if still available

 

[andysdad]

Check the paperwork - some people’s contracts show £0.00 per mile extra mileage charge!

 

[richh]

Mine shows "0.01"ppm.

 

[Berin]

Check the paperwork - some people’s contracts show £0.00 per mile extra mileage charge!

Mine shows £0.00 for extra mileage

 

[neenaw]

Could not be any further away.........I missed these on the PCP and I am very surprised someone hasnt had your arm off yet

 

[bigtwin]

some people’s contracts show £0.00 per mile extra mileage charge!

That’s exactly what mine shows.

Mine shows "0.01"ppm.

You’ve been had.

Mine shows £0.00 for extra mileage

Same here.

 

[GSite]

Seems the two figures for excess mileage tend to be either 10 pence per mile or zero but nothing in between.
Does not matter to me as the bike will do under 4000 miles in the PCP term, suspect many folks are the same.

 

[Geturelegover]

Just an update to this, this week the finance company has rejected the novation transfer application made by a forum member as they are saying it can only transfer to a family member/relative!
I have called them and explained that I have 2 separate emails from their novation specialists not listing this as a requirement and there is nothing in the transfer agreement form asking for the relationship of the applicant. Despite my protests and that I know of other transfers to a non-related 3rd parties have been approved they said any novation transfer is ultimately at their discretion and so their decision is final.
They did offer the following options;
1) Pay a settlement figure of £12995 and then I can sell it myself suggesting We Buy any Bike.
2) Pay £4332 and they will collect it.
3) Keep it and carry on paying the £50 x12 months but they could collect 3 months from the end of the agreement so in January.
Btw WBAB have offered £10.5k for it now with 255 miles on it and supplying dealer not interested as can’t shift their own stock of them so going to be interesting what they will go for next spring when there are 200 plus going to auction as surely no one is going to pay the GFV.
So looks like option 3 and take great delight in the hit the finance company is going to take.
No regrets about getting as fantastic bike given what the outlay was and also my first new bike day in over 50 years, just such a pity I’m probably not going to able ride it again and it’s going to stay under a cover in the garage for the next 9 months under a cover.

 

[GSian]

Have you thought about loaning it out to the interested party for the £50 per month? As long as it's insured for them to ride it and there's nothing in the contract to say no one else can ride it, then there shouldn't be a problem. I can't see why they would disagree to transfer it other than to get a bike back with really low miles.They're being arses.

 

[GSite]

If the settlement figure now is £12995 then in reality it is the GFV of £12342 plus the second year payments and an admin fee/ collection charges, so why are they wanting £4332 to collect it ?

As you have already paid £600 of the finance and they want £4332 to collect this will include another £550 - 600 for the second year of repayments you are contracted to make. it seems they want around £3732 over and above what you are contracted to pay if they collect after two years. It may be that this £3732 is a figure they stand to lose by early termination, a back hander from Norton at the two year stage, who knows but it sounds sharp practice to me.

In a PCP agreement they would want to reclaim interest lost by you ending the agreement early, hence the ecalated amount above, but in this case there is zero interest, so they are trying to pull fast one. You are contracted to pay 23 x £50.43 then send it back or pay the GFV and keep it.

I would challenge it. Offer them £600 plus their admin / collection fee, they will have a one year old bike which is worth more than it would be in year's time and they will have been paid what they were due at the two year point. Tell them it is a win-win for them, take it or leave it, but they will lose more money in the long run it they decline, especially as they my well have say 100-200 bikes to dipose of next year.

Another take on it may be that as the GFV is £12342, deduct the £3732 from that and offer them £8600 in a year's time which is what I may do, with of course a cheeky £8000 offer as the opening gambit. Otherwise take great delight in option three as you suggest.

No way on God's earth will it be worth the GFV next year and the finance company should know this, seems they may not have performed due diligence when taking on these contracts as they stand to lose a lot of money when I suspect the majority of cistomers will be sending them back at two years.

Good luck with it.