GSA 2016 - Select Finance Opinions Please

[gsbiker]

Considering a new GSA. I've previously only bought to keep but this time I'm considering BMW select Finance but am nervous. Don't know I really want to change my bike every 2 years as recommended but payments between 2 yr plan vs 3 year are similar. Advise welcome please along with good/bad experience particularly with GS owners trading up each time to new models.

 

[JohnnyBoxer]

Cheap as chips at present at 2.9%

If you want to keep the bike after 2 or 3 years, just pay BMW the balloon & it's yours

If the bike doesn't suit - just trade in

Choice is yours

Simple really

 

[Caesi]

Playing with the same idea. 2.9% is a very attractive rate keeping the deposit low you can hand back after 3 yrs.
at that point the interest+original deposit will probably less than the depreciation on a 3yr old bike.
Unless I'm missing something here.

 

[boatman]

Wonder what is going to happen to all these 2/3year old low milage machines?

 

[Caesi]

They'll flood the second hand mkt depressing prices even further would be my guess.
Enough profit margin to sacrifice it for mkt share.

 

[Davey B]

At the moment it is a no brainer. If you borrow at 2.9% but can get 3% on a lump of cash you would have used, you're ahead. (Santander 1/2/3 acct) I have had 2 on this scheme and not had an issue. Paid this one off early but certainly wouldn't rule out using the scheme again

 

[roadrider]

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