Justify a 13K bike

[Wrinkly]

Rightly or wrongly here's how I look at it.

For my current bike a 2011 R1200gs dohc, 61 reg in Sept 2011 I paid an OTR price of £11,525 with dynamic and premium packs.

Now, that's what I paid for the bike but I have no Idea what it's cost me as I still own it.

So to see what a bike costs we'll have to go back to my pevious bike.

BMW R1200gs mu. Reg Sept 09 on 59 plate OTR price £11,875 with dynamic and premium pack,plus upgrade to the adventure luggage,the vario luggage was free at the time.

When i trade in for my new bike I get given £7,890 in part ex plus I get to keep the adventure luggage which is transferred to my new bike.

That's £11,875 take away £7,890 = £3,985.
Lets allow £500 for the panniers and frames = £3,485.

I owned the bike for 743 days.

By my reckoning that bike didn't cost me £11,875 but £3,485 or £4.69 a day.

£4.69 per day,I believe 10 fags are about that price these days ?

Absolute bargain in my way of thinking,but then again it wouldn't do for us all to think the same.

Steve

 

[will]

Rightly or wrongly here's how I look at it.

For my current bike a 2011 R1200gs dohc, 61 reg in Sept 2011 I paid an OTR price of £11,525 with dynamic and premium packs.

Now, that's what I paid for the bike but I have no Idea what it's cost me as I still own it.

So to see what a bike costs we'll have to go back to my pevious bike.

BMW R1200gs mu. Reg Sept 09 on 59 plate OTR price £11,875 with dynamic and premium pack,plus upgrade to the adventure luggage,the vario luggage was free at the time.

When i trade in for my new bike I get given £7,890 in part ex plus I get to keep the adventure luggage which is transferred to my new bike.

That's £11,875 take away £7,890 = £3,985.
Lets allow £500 for the panniers and frames = £3,485.

I owned the bike for 743 days.

By my reckoning that bike didn't cost me £11,875 but £3,485 or £4.69 a day.

£4.69 per day,I believe 10 fags are about that price these days ?

Absolute bargain in my way of thinking,but then again it wouldn't do for us all to think the same.

Steve

I like your thinking thats not bad when you look at it that way

 

[Budweiser]

Also take into account the cost of use and all the enjoyment you've had. No brainer, get what suits you and enjoy it

 

[Beemerman59]

Rightly or wrongly here's how I look at it.

For my current bike a 2011 R1200gs dohc, 61 reg in Sept 2011 I paid an OTR price of £11,525 with dynamic and premium packs.

Now, that's what I paid for the bike but I have no Idea what it's cost me as I still own it.

So to see what a bike costs we'll have to go back to my pevious bike.

BMW R1200gs mu. Reg Sept 09 on 59 plate OTR price £11,875 with dynamic and premium pack,plus upgrade to the adventure luggage,the vario luggage was free at the time.

When i trade in for my new bike I get given £7,890 in part ex plus I get to keep the adventure luggage which is transferred to my new bike.

That's £11,875 take away £7,890 = £3,985.
Lets allow £500 for the panniers and frames = £3,485.

I owned the bike for 743 days.

By my reckoning that bike didn't cost me £11,875 but £3,485 or £4.69 a day.

£4.69 per day,I believe 10 fags are about that price these days ?

Absolute bargain in my way of thinking,but then again it wouldn't do for us all to think the same.

Steve

A daily cost is a very valid way of looking at it certainly for people who use their bikes daily or weekly commute. If like me however you only used the bike at weekends and holidays the maths get skewed a different way if looking at it from the number of days actually used. That could then start to read at upwards of £20 per day actually used. Also, I would assume the trade in value is less if the mileage is higher so again the maths change for higher mileage bikes which are used daily.

Just another way of looking at statistics.

 

[David Nimrod]

Wish I understood this thread. Whats pcp?

Otherwise known as 'Angel Dust' - PCP is the common name for the chemical Phencyclidine.

After using it you won't understand anything...

 

[Bendy toy]

Back in 2002 I bought a brand new Audi A4 TDI Sport Avant with 1/2 leather and few other goodies total was £22,500. The plan was to keep it long term certainly more than the four years I financed it over.

18 months later I had no option but to sell due to divorce and change of circumstances. I got £17,500 for it having done about 22K miles. £5000 gone plus interest was hard to swallow but it worked out about £0.23 per mile (plus servicing and tyres etc). But had I kept it for 10 years and done 150K miles it would have cost £0.14 per mile plus maintenance etc.

Clearly that was unusual and we all know selling a new car in under 3 years & deffo under 2 years is financial suicide. But the future is another world and older cars (of any brand) are less reliable so the savings might not be so great. Maybe a PCP would have been a better option.

 

[GSmonkey]

I save up and buy my (nearly new) cars and bikes cash. I then keep them 5+ years. I think its the cheapest way. I get a new car/bike every 5yrs. They're normally under warranty for most of it.

Would never want to get in debt over a car and certainly not a bike. Fair enough, you can't take it with you and all that bollox, but you're still paying APR on all the cash. They're also trying to get you into a new machine every 3yrs, which unless you do big mileage is too frequent.

 

[jasperthehorse]

Its all about personal choice, level of disposable income and priorities.
Personally i cant get my head round people who spend hard earned on smoking and gambling.
On the same note im sure the same people would think im mad spending my money on new cars and bikes.

 

[Reggie P]

PCP is expensive. Hey if you want a newer bike , get a bank loan and buy something ( privately or dealer ) about 18 mnths old . There is plenty of choice. You will have that "new bike feel" and some BMW warranty left.

It will be your bike , the running costs / depreciation will be small.
You avoid the horrid choice that you get with pcp's at the end ....hand it back or make the balloon payment.

As others have said ...live within your means ....its far less stressful than being encouraged into a pcp.

 

[Bendy toy]

A PCP or a personal loan are both debt. But some choose to finance a vehicle.

Work out the costs of paying cash (selling your Krugerands etc) against the APR costs and decide. Sometimes paying the interest makes more sense than selling assets (unless you are Gordon Brown).

 

[Keyframe]

Well done Stuartw

four pages in and a long overdue reminder that actually handing over the agreed purchase price for a bike and getting a receipt with your name on it makes you the owner.

Consider your answer to for example, "is this your bike, sir?" or "show us your bike"

cut and pasted from "ask the police"

A registration document (V5) is not proof of ownership. The registered keeper should be the person who is actually using / keeping the vehicle and this is not necessarily the owner of the vehicle or the person who is paying for it.

He is the person responsible for the vehicle so far as official communications from the police/DVLA etc., but the owner is the person who put up the cash (or was given it as a gift).

This means something to some, nothing to others. I'm never taken in by expensive cars or motorbikes sitting on driveways.

 

[JohnnyBoxer]

This means something to some, nothing to others. I'm never taken in by expensive cars or motorbikes sitting on driveways.

A £500 working bike that you own, is better than a bike that you pay £200-£500/month to rent

 

[Bendy toy]

A £500 working bike that you own, is better than a bike that you pay £200-£500/month to rent

Sounds like my slightly tatty Diversion 900. But its got pannier frames, Rox anti vibe bar risers, engine bars AND crash bungs blue spot brakes so pretty well equipped. 1997 with 73K on clock will struggle to make £1000 on t'bay

 

[deaninkl]

I wish I could by a 13,000 bike. but a new GS is now 25,500 pounds here is malaysia..... screaming eagle road king with everything is 69,380 pound... so instead of trying to justify it, if you have the dosh, buy it and ride it. If you dont no need to justify anything.

 

[Big Nick]

I don't think the word 'justify' is relevant

It's a pretty simple process, if you really must have the bike and you can afford it just buy it!

Live for today and don't get tied up in finance calculations

Whilst cost and value for money is relevant it shouldn't be the be all and end all of the bike buying process

Just buy one!

 

[Goose]

Live within your means.


Al

100% - however if you have the means or can afford it - remember no matter how hard you try, you cannot take anything with you when you expire!

Same boat as you - but my wife was the one that told me that I should get my GSA......... she feels that after all the hard work in life, I was entitled to splash out on a hobby/pasttime that she could enjoy with me!

Always nice to get a new machine........... if you can manage to spare the funds - otherwise there's some stunning "slightly owned" ones available!

 

[JohnnyBoxer]

I don't think the word 'justify' is relevant

It's a pretty simple process, if you really must have the bike and you can afford it just buy it!

Live for today and don't get tied up in finance calculations

Whilst cost and value for money is relevant it shouldn't be the be all and end all of the bike buying process

Just buy one!

That's why the country is in a fecking mess...................living for today

As long as your circumstances don't change through................

a) Illness

b) Unemployment

c) Divorce/Separation

d) Tax Bill

Then you might well be in negative equity, compared to the finance outstanding or if you paid outright then the amount you've lost would have bought you a good secondhand example

A good secondhand bike that you own outright and has cost a few thousand can be just as good, plus if your circumstances change you can still keep it, because you're not paying the burden of monthly repayments............... or if not, you can sell it easier to recoup your initial outlay

 

[MarkShelley]

Please keep buying new bikes.
If people don`t buy new bikes there will be no cheap used ones for me to buy.

 

[JayC]

Please keep buying new bikes.
If people don`t buy new bikes there will be no used ones to buy.

Fixed.

 

[MarkShelley]

Fixed.

It didn`t need fixing. The most expensive bike I have ever bought is £2400 for my current GS.
I don`t include my T3 which cost more as I bought it as a hobby/investment, not to use regularly.