Like two old airheads.
No thanks.
Other bikes do exist you know...
Apparently some aren't even BMW's
Trading up.....................
- Thread starter Gargy
- Start date
Other bikes do exist you know...
Apparently some aren't even BMW's
Not aimed at you but at the general consensus that as soon as you approach a dealer they will have your trousers down. Sometimes a bit of common sense goes a long way......!!
3 pages about a bloke who did not even want to change his bike but just wanted a free coffee
3 pages about a bloke who did not even want to change his bike but just wanted a free coffee
It doesn't take much...
All that tells you is how much money the dealer is making out of the finance deals. So if you take the deal, to get the £1K off they wouldn't give you for cash, you're still paying more than if you paid the full price in cash. Cash will still work out cheaper even if they don't discount for it.
sagalout
Registered user
Not sure on BMW dealers, but do know a guy who sold Kawasaki and Suzuki for decades. He ended up getting shafted on the margins so much that he was lucky to make £250 profit on a new £8k bike. It was all down to the way that the margins increased with the number of bikes sold, so the big boys like DK would sell bikes for a loss, just to get the bikes out of the door and then get to the higher margins. A small dealer couldn't take that risk. He ended up giving up the franchises and now only sells Korean small bikes, where presumably the margins are better. Shame though, as he's a proper old school dealer that knows bikes inside out. Coffee is crap though...
Why would anybody take out PCP when credit can be obtained as low as 3.7% from a well known peer to peer loan company if your credit rating is good and you need to borrow 10K ?
No point is saving with interest rates at @2% if you are lucky, inflation is eroding away any gain. Better off overpaying on your mortgage if you have one and have a bike a finance if you have no savings.
The clock os ticking and we are all dying! live now....
No point is saving with interest rates at @2% if you are lucky, inflation is eroding away any gain. Better off overpaying on your mortgage if you have one and have a bike a finance if you have no savings.
The clock os ticking and we are all dying! live now....
Gargy
Registered user
3 pages about a bloke who did not even want to change his bike but just wanted a free coffee
I did wonder if anyone would spot that...................lol.
The one thing you do lose in an instant is the VAT, which is in excess of 2K, and of course your paying the VAT on the new steed...... Which is roughly £4000 to the nice VAT man for two bikes in 6 months.................. If you change that is.
A lot to be said for getting/doing what you want to do now, whilst still healthy/alive to do it. We can probably all think of someone who has not reached a fulfilled retirement. Personally, I never buy anything, unless I have the cash to pay for it and I never buy new, but normally nearly new, but would never knock anyone who decides to buy on credit. Lets face it, you are only borrowing time, as it has to be repaid anyway.
Georgeeboi
Registered user
+1 Gadget well said life's to short if you can pay it do it!
There's some right 'Puritans' on here what what
Get yourself a treat and some tight collared preacher will be along shortly to tell you just how wrong you are and just how righteous they are to boot
It's Methodist Lite I tell ee and just as mean spirited
Get yourself a treat and some tight collared preacher will be along shortly to tell you just how wrong you are and just how righteous they are to boot
It's Methodist Lite I tell ee and just as mean spirited
sijohnston
Registered user
I do find some of these posts amusing. I am a Suzuki car dealer. I read your complaint and wondered what your job might be? Contrary to your opinion, selling motorbikes and cars these days is a case of paying the overheads and trying to get staff and yourself a reasonable salary out of the place. No one makes a fortune any more as manufacturers are cutting margins by the year. Our overheads on showrooms, rates, electric, heat, etc are colossal. Now, back to your chagrin. You didn't state whether or not your Fatboy was new or used and since you're looking at a part-exchange, I'm not sure what their margin is and therefore their over allowance, but either way, you've lost the VAT content on your bike and that's about it. I think the government are more to blame than your dealer. Most dealers work bloody hard and our sales teams work longer hours than in most other occupations with the exception of medics perhaps (GP's excluded). Of course we run up against this kind of attitude with car buyers, but less frequently. When I get a little pissed at my line of work, a quick read of these threads quickly brings me to a state of thankfulness that I'm not a bike dealer!
Finally someone who 'get's' it!
Look at it another way .......
You're standing on a forecourt looking at two vehicles, one of which is brand new and you'd be it's first keeper, the other is 6 months old, has done a few thousand miles and has had one owner.
You look at the prices and they're only £1000 apart because the dealer gave a very high PX price for the second hand one. You'd choose the new one EVERY time, that used vehicle would get older and depreciate until he dropped the price to a point where buying the used vehicle looked attractive (usually a lot less than a new one)
If you think a £1500 loss on a new bike is bad..... The only new bike I ever bought was a Triumph Explore 'launch model' bought in March 2012... did around 5k on it , including two trips to France... decided it was not for me... Paid £12500 for it... first offer from the dealer to buy it back was £8200 , and eventually got 9000 for it ....
I won't be buying new again ... and yes I was a hasty twat
I won't be buying new again ... and yes I was a hasty twat
Bendy toy
Registered user
Due to divorce screwing my finances I can say that HP (at the right %rate) is the best option. My 52 Audi A4 listed at £24K bought with personal loans. 18 months and 24K miles later I had to sell. Divorce.
I got 17K for it and then only because I'd kitted it well. No private burrs were interested do it went to a dealer.
The merc van I used for 2 years as a plumber went back on the paid more than 50% clause. It's value was less than 50% but I could just walk away.
I also got stuffed for the bank loan on (ex) wife's car. Had it been HP I'd have told then to collect it.
so for me assuming acceptable %rate I would buy cars or bikes on HP. You can at least walk away. Yes you don't own it until it's paid for. But is there any practical difference to a personal loan?.
Sure is-
Personal loan: You own it - you sort it. Can't pay - sell it yourself and then repay the bill not to mention early closure fees.
HP: you just hand it back and walk away. Keep the deposit in your own pocket.
I got 17K for it and then only because I'd kitted it well. No private burrs were interested do it went to a dealer.
The merc van I used for 2 years as a plumber went back on the paid more than 50% clause. It's value was less than 50% but I could just walk away.
I also got stuffed for the bank loan on (ex) wife's car. Had it been HP I'd have told then to collect it.
so for me assuming acceptable %rate I would buy cars or bikes on HP. You can at least walk away. Yes you don't own it until it's paid for. But is there any practical difference to a personal loan?.
Sure is-
Personal loan: You own it - you sort it. Can't pay - sell it yourself and then repay the bill not to mention early closure fees.
HP: you just hand it back and walk away. Keep the deposit in your own pocket.
Have balls of steel like me I have just traded the 07 Honda Blackbird with 11,000 on the clock for £6000 and just bought myself a 13 plates R 1200 GSA for 11 K (5 k savings used ) now I think the dealer got taken from behind because in that deal I not only got all the bags for the panniers but also got a free tank bag of free nav 5 system free service and new tires all a cash deal so who's laughing my side because I think in three years time that bike will be worth 8 1/2 thousand of anyone's money or even as a trade in
That have me a headache.
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