Crazy Price Norton Commando PCP Deal
- Thread starter Pythongrün
- Start date
I have a question on insurance. When they ask me do I own the bike and is it registered in my name, what do I say? It will be registered in my name, but do I own it, for insurance purposes?
Until you've paid 50 % of the amount owing ?
On this PCP deal, most will be handing the bike back after the two year term.
Only at the end of the contract would it become yours, if you paid the balloon. They own it for the full term.
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Is this offer still available?
So the answer is, I’m the keeper but declare it’s financed?
Phone any Norton dealer is your best bet .
According to the Norton website, the deals ended 31/12/24, but it doesn’t show the cheap PCP’s anyway.
Best would be to call some dealers to see.
Another question regarding insurance.
My insurance quote was based on the bike valuation of £13.7k which is what it’s costing me and what I would want or expect to recoup if it was a total loss. However my invoice states it is £17k less the deposit /advanced payment and or p/ex £3.6k ( no mention of who made that payment) and £13k odd on finance.
So should you use the invoice cost or what it’s costing you for an insurance quote? In the event of a claim could the insurance company say you’ve undervalued it and hence made the premium lower and pay a reduced pro-rata settlement.
Also applies if you take out a RTI Gap Insurance and the bike was a total loss would it be considered fraudulent to claim the extra £3.6k dealer contribution? If the bike was unfortunately a total loss at at say 22 months old and you get a full RTI payment it would even better “Crazy Price Norton”
My insurance quote was based on the bike valuation of £13.7k which is what it’s costing me and what I would want or expect to recoup if it was a total loss. However my invoice states it is £17k less the deposit /advanced payment and or p/ex £3.6k ( no mention of who made that payment) and £13k odd on finance.
So should you use the invoice cost or what it’s costing you for an insurance quote? In the event of a claim could the insurance company say you’ve undervalued it and hence made the premium lower and pay a reduced pro-rata settlement.
Also applies if you take out a RTI Gap Insurance and the bike was a total loss would it be considered fraudulent to claim the extra £3.6k dealer contribution? If the bike was unfortunately a total loss at at say 22 months old and you get a full RTI payment it would even better “Crazy Price Norton”
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If PCP or Regular vehicle Finance that ive done from year dot, I put myself as owner. Im paying finance taken in my name towards owning it. I assume in the event of a total loss they would pay the finance company before me as they would do a finance check.
IF lease I would not put myself as owner.
Spare a thought for the guy trying to sell his 2015 bike on here for 7k
If he holds on a few months it may help him. Once they’re seen more.
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I suppose if you wanted one you could buy his which looks mint and dip into your savings paying yourself back at £146 a month for four years = 7k
By declaring that the bike is owned by the finance company, then the insurer accepts that they will deal with them directly to settle any [total loss] claim. I’m therefore thinking I shouldn’t need GAP insurance 
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And no mileage limitation.... Ever.
Which in this case it won’t be as invoice will go to finance company who’ll pay the dealer
But apparently the 2023 onwards bikes are much better made, with many revisions.
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