Justify a 13K bike

[Shaunie]

I've had beemers for years now. R1100S, R1100GS, F650GS, R1150GS and R1200GS. All 2nd hand and the most expensive was £7500, paid for out of my redundancy money. I've had my eye on the dealer deposit contribution offer all year now and managed extremely well to to procrastinate to the nth degree. Now I've actually had a test ride on a 12GS ADV and have been offered what I consider to be an extremely good deal on a PCP plan. I've never had PCP before but it seems to be the way things are these days on cars as well as bikes. The sticking point is that I just can't get my head around owning a £13K bike. I'm a modest man, with a modest income, with a modest house and a modest car (04 Octavia tdi). I don't want to be seen as a flash bugger with an expensive toy but the finance is just so affordable it doesn't seem worth looking at an older model with a rake of miles. Anyone else had the same discomfort regarding justifying an expensive purchase that they had always considered out of their price range?

 

[Blackal]

Live within your means.

Get a good second-hand machine and keep the difference.

Al

 

[Mr K]

Because you can?

Because you can and you want to?

 

[pedro]

Because you're worth it.

 

[Giles]

My current bike is the first bike I've ever bought new. (and yes it was about 13k).

My reasoning at the time was that It'll see me for years and years, and I'll run it into the ground. (which I have done more than once on the trails ).

Would I buy another brand spanking new bike?

Probably not - I'd look at an ex demonstrator or the like, but not because I worry about being materialistic, and what other peepes might think with a brand new bike on my drive. It's your money....

 

[twizzle]

I have a self imposed £5000 per bike limit....I always get a cheap loan so as not to touch the family sliver...when I pay it off which I always do early... I go and get another.....if required... I sell one... I have between 2 and 3 bikes at a time....I'm more happy doing that then having 15k in one bike... But, if that's what you want and can afford it... Do it...

My issue with pcp is I feel I never really own it till the balloon is clear...

Also with my 5k rule I never lose much money....

4 years ago I paid £5k for a GS1150 today it's worth around 3.5k so that's £1500 in four years.....

 

[David Nimrod]

My GS cost me a tenth of that... there's nothing more that a £13k GS would give me.

 

[Aidan1150]

I agree with Twizzles approach. I don't think I could ever justify so much money for a bike or car.

 

[Farmer Palmer]

My GS cost me a tenth of that... there's nothing more that a £13k GS would give me.

How about.............110hp

FP.

 

[Bendy toy]

I'm looking to spend £7K or £8K on a R1200GSA and really cant stretch to £13K or more. The biggest headache is finding my way through the minefield of ongoing improvements to fix stuff like brake servos and gearboxes down to dodgy fuel strips.

At least all that stuff should(?) be sorted with a new one.

 

[Georgeeboi]

Go for it life is to short if you can afford the payments do it.

 

[David Nimrod]

How about.............110hp

There's a few bikes I could imagine spending £13k on...

But a new BMW ain't one of them

 

[SPR Phil]

I've just got a brand new rallye on that deal! I am not loaded, but I would have been paying more money a month on a bank loan for a second hand bike than I'm paying for a brand new £13,500 bike. hopefully hassle free and warranty covered to. it ain't flash, it's common sense. Go get and enjoy!

 

[spm0912]

£13k on a weekend toy, for me that would be an extravagance. But my bike is my sole form of transport, it takes me to work every day, on holiday several times a year, provides endless fun blatting around on my days off and all for less a month than my wife spends on her train ticket to get to work!!

I've never paid the balloon payment, bike is PX'd after 2-3 years, any problems (and in 10 years of BMW ownership they've all been minor) its covered under warranty so peace of mind.

Yes it's a feck of a lot of money but I don't smoke, drink very little and derive huge satisfaction from owning and riding a new(ish) bike.

Only you will know if you can afford it and how it fits into your financial priorities. Don't worry about what others think, it's your money, spend it however you want to

 

[JJH]

Justify it your self I think that is the test. JJH

 

[MikeS]

PCP deals are so tempting because they bring the monthly payments for something very expensive with reach of the average earner.

Whenever I get tempted with a PCP (happens a lot) I just work out how much it will cost me in total including interest. Suddenly your £13k bikes becomes a £15k or £16k or even higher price bike. If you decide to turn the balloon payment into a loan as well then the total price becomes nuts.

I have so far managed to avoid PCP's although I know I will give in one day.

My current way of buying bikes is taking the time to find old bikes (over 10 years) with very low miles. It's like having an almost new bike for very little money and it's a real buzz when you manage to find one.

 

[Zack]

I considered the same deal before I purchased a full spec, 2,500 miles, 1 year old, R1200 GS in a private sale for £9750.

I just could not stand the thought of having to shell out £3500 over 3 years and having to then hand the bike back leaving me with nothing to show for my money.

 

[GADGET]

Your choice,personally I never buy new and never buy anything unless I have the cash to pay for it.

 

[Keyframe]

£13K on a bike?

In 1998 I blew £7200 on a year old BMW. That represented 2 years overtime I'd saved up. I nearly didn't go through with it because it was so much money at the time and I was actually holding the bankers draft in my hand at the dealers.

I'm still riding that same bike to work and back most days, it was so worth every extra shift and weekend.

Fella, you seem to change your bike quite often, you're comfortable with being in debt, the fine print of the credit agreement and what happens at the end of it and you've obviously talked it through with yourself.

Just do it.

 

[GS TRV]

Your choice,personally I never buy new and never buy anything unless I have the cash to pay for it.

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