Post 1 - I took delivery of my brand new R1200GS LC on 28th February 2014.
My initial thoughts, it must have been hell of a price to take one day before new Registration Plate is effective which immediately means a lower future value.
29/03/14 718miles
18/06/14 4697miles - Dealer had the bike for 3 days to sort out 5 items and replace 3
09/07/14 4965miles – Dealer had the bike to attend to 6 issues
09/08/14 5592miles - Gear Shift Assist Pro fitted at my own expense & the GS was not used over winter.
08/04/15 Almost 7000miles – attend to 10 items and - It took BMW several weeks to decide that the bike had real issues (BMW Dealer, or BMW UK, and BMW Finance Involvement)
- THE DEALER HAS NOW HAD MY BIKE FOR 4 MONTHS!!!!
Assume you maintained your BMW Finance payments on the bike? In this period
So BMW have told me what my options are. BMW Dealer, BMW UK, BMW Finance?
1.... To hand the keys over for a bike I've had less than a years use of and lose 5K, What’s the £5k previous payments? From 1 bike or 2?
2.... Take any spec TE available
This seems ‘like for like” and if a new bike going onto Feb your 2014 PCP with original GFV then it will definitely be worth more at Contract End
3.... Get the engine and box fitted to what's left of my original bike and use that.
Original Bike?? Who owns that now?
Post 5 - I have been offered a replacement bike for me to keep, but only what they can get hold of!
- New Bike?, What about the existing PCP Agreement liabilities? Or is it new bike with change of Registration & Chassis on PCP Agreement
Post 9 - The other LC was chopped in against another bike because of driveshaft and clutch problems
Clarify “Chopped In” Straight Swop/At cost to you/ PCP Agreement again? Did they give you a new/different bike and change the Registration & Chassis of your existing PCP agreement? Is Post 1 about the bike given you from Post 9?
Post 15 - I was prepared to take a considerable loss financially due to the use that I have had and the mileage that I have covered, but not a total loss. it would be unrealistic to expect a full refund.
You garaged it for winter and made payments without riding it after having complained 3 months on the bounce from 4697 to 5592 miles??
Post 18 - I got the bike on a PCP plan so option 1 is to walk away and kiss goodbye to everything that you have paid to date!
What about the remaining monthly payments and GFV that are due?
However I have had a savings plan in place to pay the bike off at the end of the agreement which would mean that the bike would be mine
Have you asked for a current Finance Settlement? Have you asked the Dealer for a Part Exchange Value (To compare PX Value to Settlement)
Post 46 - There is no hidden agenda, I am a grown man, and I'm not trying to get out of the pcp agreement.
What I object to is the fact that I have been penalized for being patient.
Penalised Financially?
Most replies seem to advise taking Option 2, if you can get that and it's a straight replacement bike and only the outstanding payments on your original Feb 2014 PCP agreement to be continued then you are surely on a financial winner. Not withstanding the grief factor you’ve suffered of course!!