Need help deciding what to do

[rickyxsara]

Clive, chop it in for a 1150.

 

[chasr]

Been down this route - traded mine in for a new one at just under 2 years. What I would advise, is to wait until January'ish, and try for a deal on a new 1200. Sales are much slower at that time of year (obviously), and you might be surprised how cheap it is to change.

 

[Big Lee]

I listened to a feature on Radio 2 the other week about warranties etc & the Money saving expert bloke said what about insuring things yourself, £650 in your pocket to go toward any repairs in the first year then another £650 next year assuming nowt goes wrong. So in the 3rd year when something breaks you`ve got £1300 in the bank to fix it, if not & you`ve part ex`d it you`ve got £1300 to go toward your new bike.
Bearing in mind because of the amount of 12GS`s on the road it makes sense that over the years more will be broken & have spares in the breakers to use on our bikes rather than on a few so pushing up prices or having to go to dealers for the work & parts. Many 12GS`s can be a good thing!

 

[R1200GSA]

Personally, I would trade it in for a new 12ADV

Im with Dirtydog on this one. Gwon......ya know it makes sense.

 

[Yoda]

Just been through the same loop and went for a new one. The issue for me was the fact that the whole 1200 range is just too new for there to yet be a supply of 2nd hand parts, the independents generally won't have had much exposure to them, and the machine is so, so dependent on being plugged in to the BMW Komputa.

Financially I figured that £650pa extended warranty, plus continued depreciation of (say £1k pa) equated well with buying a new one and the higher depreciation of (say (£1.5k pa).

That's my 2c.

 

[ampthill]

Just been through the same loop and went for a new one.

Me too however unfortunately reached a diiferent conclusion and not the one I wanted

Examined the cost of replacing my 2004 model with a new one compared to keeping it. Used a 3 year period...

Costs to replace 1200 with new one
Trade in value of 2004 GS= £7000, cost of new one (inc.abs) = £10000 therefore cost to change = £3000.
Value of 2006 bike in 3 years = say £6500 therefore depreciation = £3500
Therefore total cost of changing for new bike = £3000 + £3500 = £6500 over next 3 years

Costs to keep 2004 gs for another 3 years
Current value = £7000
value in 3 years = £4500
Therefore depreciation over next 3 years of 2004 bike = £7000 - £4500 = £2500 over next 3 years.
Of course this does not account for the costs of any repair required.

Oh well. Think I need a more creative accounting mechanism

Peter

 

[Gonzo]

C'mon guys, be honest.

Upgrading to a new machine after only two years (the two years with the steepest depreciation curve) is never really going to stand the test of a purely financial assessment. Ampthill's calculation might be crude, but its directionally correct.

Granted, there is a peace of mind aspect to the decision, but isn't it really all about the overwhelming deisre to have a nice shiny 2006(7) model sitting on the drive, maybe even the Adv version, and feeling good about a new toy? And hoping that SWMBO falls for the financial excuse?

Of course, there's nothing wrong with the desire, and I speak as a jealous, bitter and twisted soul who has no effing chance whatsover of persuading Mrs G that I should get a new bike after 2 years and 20k miles. She's an accountant and would never go for the financial excuse. Now what other good reasons are out there....................?

 

[Fanum]

Me too however unfortunately reached a diiferent conclusion and not the one I wanted

Oh well. Think I need a more creative accounting mechanism

Peter

Motorcycles are not rational purchases...they're something you buy with your heart as well as with your head.....if you know you want it and you can afford it, why worry about a few quid either way ffs????

Just go and buy it......this isn't a practice life ya know, it's the one and only life you're gonna get

 

[ampthill]

Ampthill's calculation might be crude, but its directionally correct.

oh and here was me thinking how beautifully elegant they were in their simplicity

Peter

 

[Gipsy]

oh and here was me thinking how beautifully elegant they were in their simplicity

Thank you Ampthill for putting my earlier thoughts into an easier to understand formula.

One other positive side effect is that when the information available suggests that BMW have stopped B testing the 1200Gs, and have rebuilt any faith I may have lost in the current model SWMBO will have no objection to me getting a new one. Just imagine the discussions/arguments if I change this one, and then perhaps a year later want to change again!

 

[stephinson]

get it traded in then people like my with not alot of money can buy yours

Ive just bought one from someone in your position from a bmw shop

04 model
they gave it the 6000 service new tyres 12 month warranty
taxed it

Bargain

 

[Yoda]

She's an accountant and would never go for the financial excuse. Now what other good reasons are out there....................?

Ahemm, cough (and a quick life saver over the shoulder to make sure my accountant's not watching me type).

My 12GS is run as a company bike. The '04 was a straight capital purchase and was depreciated as per normal capital allowance rules.

At two years old the extended warranty was going to be £650 pa, plus ongoing depreciation in excess of £1,000pa. Add in an annual service in year one, plus a set of tyres etc etc and it's quite easy to get to an amortized monthly figure of £175.

For the princely sum oif £176 per month a business can aquire a shiny new machine on a Leasing arrangement. The monthly payments are an allowable business expense and 50% of the VAT can be claimed.

So we moved the asset off-balance sheet at a nett cost of £1 per month. And we released £7k in funds back into the business.

At the end of three years we can either pay a balloon final payment, or sell it back to the dealer and walk away. As part of the arrangement, the dealer has confirmed in writing that they'll fund a 3rd year warranty as per the terms of the BMW 'used bike' warranty.

Creative'R'Us.

 

[Gonzo]

oh and here was me thinking how beautifully elegant they were in their simplicity

Peter

Er, (shovel in hand) that's absolutely what I meant. Who sez crude ain't gorgeous?

 

[Clive795]

Just thought I would update this thread.

After discussion with my wife we (she) decided that a new bike would be nice if the price was right.

A visit to SPC yesterday resulted in the right deal and so roll on next Wednesday when I collect a shiny new one !

I now need to find some time at the weekend to strip off all the TT/GPS/NN extras that are going back on the new one.

I would like to provide a sensible carefully reasoned case for replacement over keeping the old for another two years but the truth is simply - I wanted a new one and luckily am able to afford it.

Clive

 

[Graham G]

After discussion with my wife we (she) decided that a new bike would be nice if the price was right. Clive

Should have asked the missus in the first place methinks!

 

[El Minky]

Not if your the one doing the insuring and you know the risk..........