Wow the price of a new fully kitted GSA !

[polevalter]

Agreed happy days!

 

[polevalter]

It's the only way Bmw can shift new bikes I recon pcp typical price over 3 years £8k pcp plus tires services to hand it back or large payment to own ok if your hasty to rent at £8k cost

 

[polevalter]

Agreed yes very pcp for people who can't afford to buy they rent for 3 years

 

[Nutty]

Agreed too much money

Agreed happy days!

Agreed happy days!

It's the only way Bmw can shift new bikes I recon pcp typical price over 3 years £8k pcp plus tires services to hand it back or large payment to own ok if your hasty to rent at £8k cost

Agreed yes very pcp for people who can't afford to buy they rent for 3 years

Are you trying to convince everyone, or yourself?

 

[Glen]

Agreed yes very pcp for people who can't afford to buy they rent for 3 years

Wot a load of bollocks!!!

 

[Deleted account Charles Martel]

There's such a ridiculous amount of snobbery when it comes to money. I'm sure some on here would love to be living in Victorian times, when class was what mattered. Usually the same people who were born with a silver spoon in their mouth and daddy financed them throughout their life.

Money is only useful if you spend it. What's the point in living your one life if you aren't going to do anything on the journey through life? That doesn't mean to you need to be irresponsible though.

One of my friends was a right miser who had thousands in the bank but never did a thing. Died in his 50's and all that money was saved for nothing.

I could save for a new GSA - would take me about 2 years to save £21k (I earn high 40's). I could be dead next week, next month, next year though. Didn't get to experience a new GSA. Or I could finance it and ride it tomorrow. I have money for emergencies, I have a pension I'm contributing to but I'm not going to leave a penny more in my account than absolutely necessary when I die!

What would happen if consumer credit was stopped? Complete chaos, that's what. Massive unemployment, firms closing, economy in recession for decades. All because some jealous numpty has decided that people shouldn't get above their station in life and have things "they can't afford". Except houses, of course. Those same "I never buy what I can't afford in cash" morons are the ones mortgaged to their eyeballs.

Even worse are the twats who proclaim they would never buy something on PCP then say they took a loan out to buy the bike/car. As if it's any different.

I really dislike PCP's .... but cheesestraw's post here makes a lot of sense.

Especially this line "Money is only useful if you spend it. What's the point in living your one life if you aren't going to do anything on the journey through life? That doesn't mean to you need to be irresponsible though."

 

[Deleted account Charles Martel]

, and paid the £1200 1st year depreciation for me.

Have you seen the secondhand values of Africa Twins?
I think they depreciate much faster than you hope!

 

[Blackal]

Agreed yes very pcp for people who can't afford to buy they rent for 3 years

Wot a load of bollocks!!!

I think in general - it has foundation. Cars and bikes.

Now - you may say that doesn't apply to you, and that's fine - but for everyone in that position, there could be 10 who would never be in a position to purchase outright.

Al

 

[Blackal]

What would happen if consumer credit was stopped? Complete chaos, that's what. Massive unemployment, firms closing, economy in recession for decades. All because some jealous numpty has decided that people shouldn't get above their station in life and have things "they can't afford". Except houses, of course. Those same "I never buy what I can't afford in cash" morons are the ones mortgaged to their eyeballs.

Just about everything that builds up gradually, if suddenly stopped - has a great effect. So - to say "if it stopped...." is a bit "sensationalist".

The reduction in credit to head off a crash is surely a good thing, and has to be better than this headlong rush to borrow up to our eyeballs?

Al

 

[Deleted account Charles Martel]

The reduction in credit to head off a crash is surely a good thing, and has to be better than this headlong rush to borrow up to our eyeballs?

Al

Its impossible to disagree.... This sums it up.

 

[DING-DONG]

Have you seen the secondhand values of Africa Twins?
I think they depreciate much faster than you hope!

My AT will have depreciated £2400 in 3 years, well that's what it's costing me to loan it and my KTM that I paid in full with my own money has depreciated £6k in 12 months

 

[Dennis the Menace]

Last Saturday 12.30pm need a pee, dealership on the road I’m on popped in more staff than customers, did I want a sausage, no thanks.

Were you asked that - when you were standing at the urinal?

No I wasn't in Scotland

 

[Stevie4scoops]

I really dislike PCP's .... but cheesestraw's post here makes a lot of sense.

Especially this line "Money is only useful if you spend it. What's the point in living your one life if you aren't going to do anything on the journey through life? That doesn't mean to you need to be irresponsible though."

There are some who like to look flash but don't have the cash to do so.

I believe there's a balance to be struck between spending some today because you don't know how long you're going to live for but keeping some for tomorrow because I can't think of much worse than having blown all your money and being skint.

Many of us could be driving a Bentley if we really wanted to but aren't bothered so drive cars that are a little more modest.

It's nice having choices in what you're able to do and buy but if you blow I all today, your choices disappear

 

[Blackal]

My AT will have depreciated £2400 in 3 years, well that's what it's costing me to loan it and my KTM that I paid in full with my own money has depreciated £6k in 12 months

That seemed surprising, so had a quick look at Honda's 2yr PCP

25 payments of £99 = £2,475
Deposit of £3,116.96

Therefore total paid over 2yrs in order to hand the bike back = £5,591.96 ?

Or - am I not understanding the table?

 

[crotchrocket]

That seemed surprising, so had a quick look at Honda's 2yr PCP

25 payments of £99 = £2,475
Deposit of £3,116.96

Therefore total paid over 2yrs in order to hand the bike back = £5,591.96 ?

Or - am I not understanding the table?

Some dealers were offering an incredible £3k off the asking price in September and a 0% interest PCP for 3 years at £70 per month.

For what its worth, my GSA cost £6k over two years. The bike was at the dealers with various issued through that time for a total of about 9 weeks.

 

[steveC]

Thats £233 pm, at the end if you hand it back you own nothing. Start the PCP again and you need to find another deposit of £3116.96

There will be many who have got on the PCP train and happy to pay that. But those figures are only good to read if your the seller. Well thats the way I see it, if not a visit to spec savers is called for.

 

[Deleted account Charles Martel]

My AT will have depreciated £2400 in 3 years,

Are you Warlord?

No. This is not the case.

 

[DING-DONG]

Some dealers were offering an incredible £3k off the asking price in September and a 0% interest PCP for 3 years at £70 per month. .

Yeah, mine is £66 a month, and I ain't bothered about it not being mine at the end and having no capital in the bike, having bought new and paid in full for several years means I've always took a loss come resale so this way softens the blow.

 

[Blackal]

£66/m and no deposit?

 

[Nutty]

£66/m and no deposit?

Yep. How did you miss the thread? It ran for a month and had a gazillion posts!