PCP and part exchange bikes.

[mrtee43]

Presumably though, when the 2 year manufacturer warranty expires, you will add on the cost of 2 years extended warranty ?

 

[BeemerBaz]

Presumably though, when the 2 year manufacturer warranty expires, you will add on the cost of 2 years extended warranty ?

Most certainly, unless I pay off the balance before then and trade in again.

 

[Duraace]

Apr is 3.9%

Final payment depends on a few factors including term length , your deposit etc. I haven't got exact figures in front of me but at 3.9% it's very competitive.

3 options at end of term.

Pay off balance and own the bike

Trade bike in and do the same again

Hand bike back and walk away.

I was surprised how many new bikes are actually bought this way.

Someone posted a link yesterday to PCP details which is well worth a read.

I'm happy with how pcp works. Was trying to figure out what sort of deal it is. £1k final payment then it's a cracking deal or other extreme of £10k final payment means you've been robbed.

Weighing up wether to pcp or just pay cash.

 

[theop]

Pcp for piece of mind. Complex machines go wrong, why bother to own trouble? Make it someone elses problem for a bit of extra cost. In theory anyway.