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BMW Motorrad PCP

2

Comments

  • #52
    TheBlaaMan
    Registered Users, Registered Users 2 Posts: 3,451 ✭✭✭TheBlaaMan


    mjsc1970 wrote: »
    I may be adding the sums incorrectly but it looks to me that If you were to buy the bike outright after 3 years on PCP, what you would pay overall then would be ballpark RRP. Have I this right?

    Yeah, exactly. Effectively free financing over the term. AKA a very good deal!


  • #53
    mjsc1970
    Registered Users, Registered Users 2 Posts: 668 ✭✭✭mjsc1970


    TheBlaaMan wrote: »
    Yeah, exactly. Effectively free financing over the term. AKA a very good deal!

    That's sweet.


  • #54
    galwaytt
    Registered Users, Registered Users 2 Posts: 12,790 ✭✭✭✭galwaytt


    mjsc1970 wrote: »
    I may be adding the sums incorrectly but it looks to me that If you were to buy the bike outright after 3 years on PCP, what you would pay overall then would be ballpark RRP. Have I this right?

    You're not wrong :)

    If you were of a mind to, and could save some money into an account/CU whilst you were making the PCP payments, you could find that when the time comes you have the GMFV already saved, and you could just walk in and pay it off: so you'd have had the benefit of the cheaper 'per month' payments without the pressure of pure HP ones.

    So the question is, if the bike comes in at RRP then, the only difference compared to cash would be, maybe, 5% - 10%, at which you'd ask yourself: do you think that the Total Amount Payable represents value, and considering you'd have a span new bike under you ? I think in a lot of cases the answer to that would be 'Yes'.

    It's a pity no-one else bar BeeEmm does anything like it.

    Ode To The Motorist

    “And my existence, while grotesque and incomprehensible to you, generates funds to the exchequer. You don't want to acknowledge that as truth because, deep down in places you don't talk about at the Green Party, you want me on that road, you need me on that road. We use words like freedom, enjoyment, sport and community. We use these words as the backbone of a life spent instilling those values in our families and loved ones. You use them as a punch line. I have neither the time nor the inclination to explain myself to a man who rises and sleeps under the tax revenue and the very freedom to spend it that I provide, and then questions the manner in which I provide it. I would rather you just said "thank you" and went on your way. Otherwise I suggest you pick up a bus pass and get the ********* ********* off the road” 



  • #55
    listermint
    Registered Users, Registered Users 2 Posts: 34,104 ✭✭✭✭listermint


    any details of this, their website is poxy no matter what link you press for further details on those motorad finance options the link is broken.


  • #56
    TheBlaaMan
    Registered Users, Registered Users 2 Posts: 3,451 ✭✭✭TheBlaaMan


    listermint wrote: »
    any details of this, their website is poxy no matter what link you press for further details on those motorad finance options the link is broken.

    Call them and ask for the sales team....... :P


  • #57
    listermint
    Registered Users, Registered Users 2 Posts: 34,104 ✭✭✭✭listermint


    TheBlaaMan wrote: »
    Call them and ask for the sales team....... :P

    I would but they don't deserve the business if they can't advertise it properly....

    So.


  • #58
    thos
    Registered Users Posts: 574 ✭✭✭thos


    galwaytt wrote: »
    You're not wrong :)

    If you were of a mind to, and could save some money into an account/CU whilst you were making the PCP payments, you could find that when the time comes you have the GMFV already saved, and you could just walk in and pay it off: so you'd have had the benefit of the cheaper 'per month' payments without the pressure of pure HP ones.

    So the question is, if the bike comes in at RRP then, the only difference compared to cash would be, maybe, 5% - 10%, at which you'd ask yourself: do you think that the Total Amount Payable represents value, and considering you'd have a span new bike under you ? I think in a lot of cases the answer to that would be 'Yes'.

    It's a pity no-one else bar BeeEmm does anything like it.

    I think the other variable here is probably mileage, I thought these PCP deals were based on a certain expected mileage, and may be penalties for exceeding the mileage. Worth checking!


  • #59
    listermint
    Registered Users, Registered Users 2 Posts: 34,104 ✭✭✭✭listermint


    thos wrote: »
    I think the other variable here is probably mileage, I thought these PCP deals were based on a certain expected mileage, and may be penalties for exceeding the mileage. Worth checking!

    Id say they'd murder you if it was a commuting machine. Anything other than a weekend spinner


  • #60
    TheBlaaMan
    Registered Users, Registered Users 2 Posts: 3,451 ✭✭✭TheBlaaMan


    thos wrote: »
    I think the other variable here is probably mileage, I thought these PCP deals were based on a certain expected mileage, and may be penalties for exceeding the mileage. Worth checking!

    This is definitely a factor, monthly mileage above 500km is likely to cost you....


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  • #61
    galwaytt
    Registered Users, Registered Users 2 Posts: 12,790 ✭✭✭✭galwaytt


    thos wrote: »
    I think the other variable here is probably mileage, I thought these PCP deals were based on a certain expected mileage, and may be penalties for exceeding the mileage. Worth checking!

    you're right actually : I think it's a 4k kms pa limit

    Ode To The Motorist

    “And my existence, while grotesque and incomprehensible to you, generates funds to the exchequer. You don't want to acknowledge that as truth because, deep down in places you don't talk about at the Green Party, you want me on that road, you need me on that road. We use words like freedom, enjoyment, sport and community. We use these words as the backbone of a life spent instilling those values in our families and loved ones. You use them as a punch line. I have neither the time nor the inclination to explain myself to a man who rises and sleeps under the tax revenue and the very freedom to spend it that I provide, and then questions the manner in which I provide it. I would rather you just said "thank you" and went on your way. Otherwise I suggest you pick up a bus pass and get the ********* ********* off the road” 



  • #62
    H_Lime
    Registered Users, Registered Users 2 Posts: 1,815 ✭✭✭H_Lime


    If I cant outright buy something I dont buy it. The exception being my mortgage, a necessary evil. Pcp doesn't appeal to me as best as my stupid head can interpret you don't own the bike and there's strings attached. I know that an ehhh duuuuh statment but tis how i feel
    Anyway ignore that interruption lads and enjoy the shiny machines:)


  • #63
    galwaytt
    Registered Users, Registered Users 2 Posts: 12,790 ✭✭✭✭galwaytt


    H_Lime wrote: »
    If I cant outright buy something I dont buy it. The exception being my mortgage, a necessary evil. Pcp doesn't appeal to me as best as my stupid head can interpret you don't own the bike and there's strings attached. I know that an ehhh duuuuh statment but tis how i feel
    Anyway ignore that interruption lads and enjoy the shiny machines:)

    It's no different from 'ordinary' HP - you don't own it there either.

    Only way you own whilst something whilst borrowing to pay for it is personal bank loan or the credit union.

    Remember; if someone doesn't buy it new, then no-one can buy it secondhand, later....

    Ode To The Motorist

    “And my existence, while grotesque and incomprehensible to you, generates funds to the exchequer. You don't want to acknowledge that as truth because, deep down in places you don't talk about at the Green Party, you want me on that road, you need me on that road. We use words like freedom, enjoyment, sport and community. We use these words as the backbone of a life spent instilling those values in our families and loved ones. You use them as a punch line. I have neither the time nor the inclination to explain myself to a man who rises and sleeps under the tax revenue and the very freedom to spend it that I provide, and then questions the manner in which I provide it. I would rather you just said "thank you" and went on your way. Otherwise I suggest you pick up a bus pass and get the ********* ********* off the road” 



  • #64
    H_Lime
    Registered Users, Registered Users 2 Posts: 1,815 ✭✭✭H_Lime


    galwaytt wrote: »
    It's no different from 'ordinary' HP - you don't own it there either.

    Only way you own whilst something whilst borrowing to pay for it is personal bank loan or the credit union.

    Remember; if someone doesn't buy it new, then no-one can buy it secondhand, later....

    Yeah hp doesn't appeal either, nor loans of any kind. I'm most likely an oddity here and it probably explains why I've a multitude of older bikes:pac:
    I'm not adverse to the prospect of buying new (if i could, which i can't) but thankfully theres enough of ye chaps happy to drink the coffee and sign the doyted line in the local beemer dealership that 2nd hand motos will be aplenty ;)


  • #65
    blade1
    Registered Users, Registered Users 2 Posts: 12,460 ✭✭✭✭blade1


    H_Lime wrote: »
    Yeah hp doesn't appeal either, nor loans of any kind. I'm most likely an oddity here and it probably explains why I've a multitude of older bikes:pac:
    I'm not adverse to the prospect of buying new (if i could, which i can't) but thankfully theres enough of ye chaps happy to drink the coffee and sign the doyted line in the local beemer dealership that 2nd hand motos will be aplenty ;)
    Pretty much same as myself.
    The last loan I had was for a fireblade that I crashed in 2006.
    Loan was 7000 and I sold the bike after crash for €700.
    Paying back money on something I didn't have.
    Never again I thought.

    Also was out of work for a year over it.


  • #66
    listermint
    Registered Users, Registered Users 2 Posts: 34,104 ✭✭✭✭listermint


    Although i do agree somewhat,

    Having no credit history is not good either. It stops you getting loans / credit cards and or makes mortages harder to obtain.

    So theres a happy medium there.


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  • #67
    blade1
    Registered Users, Registered Users 2 Posts: 12,460 ✭✭✭✭blade1


    listermint wrote: »
    Although i do agree somewhat,

    Having no credit history is not good either. It stops you getting loans / credit cards and or makes mortages harder to obtain.

    So theres a happy medium there.

    None of that applies to me.


  • #68
    galwaytt
    Registered Users, Registered Users 2 Posts: 12,790 ✭✭✭✭galwaytt


    blade1 wrote: »
    Pretty much same as myself.
    The last loan I had was for a fireblade that I crashed in 2006.
    Loan was 7000 and I sold the bike after crash for €700.
    Paying back money on something I didn't have.
    Never again I thought.

    Also was out of work for a year over it.

    why didn't your insurance cover it ??

    Ode To The Motorist

    “And my existence, while grotesque and incomprehensible to you, generates funds to the exchequer. You don't want to acknowledge that as truth because, deep down in places you don't talk about at the Green Party, you want me on that road, you need me on that road. We use words like freedom, enjoyment, sport and community. We use these words as the backbone of a life spent instilling those values in our families and loved ones. You use them as a punch line. I have neither the time nor the inclination to explain myself to a man who rises and sleeps under the tax revenue and the very freedom to spend it that I provide, and then questions the manner in which I provide it. I would rather you just said "thank you" and went on your way. Otherwise I suggest you pick up a bus pass and get the ********* ********* off the road” 



  • #69
    blade1
    Registered Users, Registered Users 2 Posts: 12,460 ✭✭✭✭blade1


    galwaytt wrote: »
    why didn't your insurance cover it ??

    Only had 3rd party f&t at the time.


  • #70
    TheBlaaMan
    Registered Users, Registered Users 2 Posts: 3,451 ✭✭✭TheBlaaMan


    galwaytt wrote: »
    you're right actually : I think it's a 4k kms pa limit

    The figures in the quote I provided in post #50 were based on 6000km p/y


  • #71
    thos
    Registered Users Posts: 574 ✭✭✭thos


    TheBlaaMan wrote: »
    The figures in the quote I provided in post #50 were based on 6000km p/y

    What happens if you exceed that?


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  • #72
    H_Lime
    Registered Users, Registered Users 2 Posts: 1,815 ✭✭✭H_Lime


    thos wrote: »
    What happens if you exceed that?

    Subsequent cups of coffee charged at 50 euro a pop!!:eek::pac: ok I'm done now lol


  • #73
    Emmersonn
    Banned (with Prison Access) Posts: 1,128 ✭✭✭Emmersonn


    TheBlaaMan wrote: »
    The figures in the quote I provided in post #50 were based on 6000km p/y
    This mileage may be ok for a Sunny Sunday Rider but for three weeks in September on holidays in Europe I put up in excess of 7000km. I ride all year round and my annual mileage is usually between 20000 and 22000 km. As Blade1 said If you can't afford to pay in full for transport in do'nt put it on the never never ;)


  • #74
    galwaytt
    Registered Users, Registered Users 2 Posts: 12,790 ✭✭✭✭galwaytt


    Emmersonn wrote: »
    This mileage may be ok for a Sunny Sunday Rider but for three weeks in September on holidays in Europe I put up in excess of 7000km. I ride all year round and my annual mileage is usually between 20000 and 22000 km. As Blade1 said If you can't afford to pay in full for transport in do'nt put it on the never never ;)

    Yes, but there's no reason to not Play The Game - i.e., take them up on their offer of the low payments etc, pay them. The mileage issue only comes up at the end of the contract, when it's time to change/renew/whatever.

    So, in 3 years time, then just buy off the balance: you'll have the benefit of cheap finance, low payments in the interim.

    If you're trading it against another brand it mightn't even matter anyway.

    Ode To The Motorist

    “And my existence, while grotesque and incomprehensible to you, generates funds to the exchequer. You don't want to acknowledge that as truth because, deep down in places you don't talk about at the Green Party, you want me on that road, you need me on that road. We use words like freedom, enjoyment, sport and community. We use these words as the backbone of a life spent instilling those values in our families and loved ones. You use them as a punch line. I have neither the time nor the inclination to explain myself to a man who rises and sleeps under the tax revenue and the very freedom to spend it that I provide, and then questions the manner in which I provide it. I would rather you just said "thank you" and went on your way. Otherwise I suggest you pick up a bus pass and get the ********* ********* off the road” 



  • #75
    listermint
    Registered Users, Registered Users 2 Posts: 34,104 ✭✭✭✭listermint


    galwaytt wrote: »
    Yes, but there's no reason to not Play The Game - i.e., take them up on their offer of the low payments etc, pay them. The mileage issue only comes up at the end of the contract, when it's time to change/renew/whatever.

    So, in 3 years time, then just buy off the balance: you'll have the benefit of cheap finance, low payments in the interim.

    If you're trading it against another brand it mightn't even matter anyway.

    Surely its picked up during services intervals which are no doubt in the contract and part of the deal. (at your expense)


  • #76
    galwaytt
    Registered Users, Registered Users 2 Posts: 12,790 ✭✭✭✭galwaytt


    listermint wrote: »
    Surely its picked up during services intervals which are no doubt in the contract and part of the deal. (at your expense)

    You don't have to service it with the supplying dealer.

    Ode To The Motorist

    “And my existence, while grotesque and incomprehensible to you, generates funds to the exchequer. You don't want to acknowledge that as truth because, deep down in places you don't talk about at the Green Party, you want me on that road, you need me on that road. We use words like freedom, enjoyment, sport and community. We use these words as the backbone of a life spent instilling those values in our families and loved ones. You use them as a punch line. I have neither the time nor the inclination to explain myself to a man who rises and sleeps under the tax revenue and the very freedom to spend it that I provide, and then questions the manner in which I provide it. I would rather you just said "thank you" and went on your way. Otherwise I suggest you pick up a bus pass and get the ********* ********* off the road” 



  • #77
    blade1
    Registered Users, Registered Users 2 Posts: 12,460 ✭✭✭✭blade1


    galwaytt wrote: »
    You don't have to service it with the supplying dealer.

    Are they not all connected?
    A bit like The Borg?


  • #78
    galwaytt
    Registered Users, Registered Users 2 Posts: 12,790 ✭✭✭✭galwaytt


    blade1 wrote: »
    Are they not all connected?
    A bit like The Borg?

    lolz. I contacted them today via WebChat, and.........not only did I NOT get the answer to my question, the person I was chatting with could not find the model i was looking for: a G310GS. I sent them a link to their own firm's webpage that featured it... :rolleyes::rolleyes:

    Indeed not only do I now know the person I was chatting with didn't know they make bikes, they said their Car & Van 'specialist' would call me.

    Van.

    I didn't know BMW made vans, buy hey :pac::pac::pac:

    Ode To The Motorist

    “And my existence, while grotesque and incomprehensible to you, generates funds to the exchequer. You don't want to acknowledge that as truth because, deep down in places you don't talk about at the Green Party, you want me on that road, you need me on that road. We use words like freedom, enjoyment, sport and community. We use these words as the backbone of a life spent instilling those values in our families and loved ones. You use them as a punch line. I have neither the time nor the inclination to explain myself to a man who rises and sleeps under the tax revenue and the very freedom to spend it that I provide, and then questions the manner in which I provide it. I would rather you just said "thank you" and went on your way. Otherwise I suggest you pick up a bus pass and get the ********* ********* off the road” 



  • #79
    thos
    Registered Users Posts: 574 ✭✭✭thos


    galwaytt wrote: »
    Yes, but there's no reason to not Play The Game - i.e., take them up on their offer of the low payments etc, pay them. The mileage issue only comes up at the end of the contract, when it's time to change/renew/whatever.

    So, in 3 years time, then just buy off the balance: you'll have the benefit of cheap finance, low payments in the interim.

    If you're trading it against another brand it mightn't even matter anyway.

    Can't find figures on bike penalties, but for mileage excess on car PCP deals they seem to range from 6c to 15c per km. So a 5k km excess over 3 yrs, at ballpark 10c/km, is 500eur penalty.

    Some car examples here:
    https://www.independent.ie/life/motoring/car-news/how-drivers-are-managing-to-steer-well-clear-of-pcp-excess-mileage-penalties-35967132.html

    Ideally it should just be a re-balance of the GMFC (balloon payment!) but I'd imagine there could be a sting in the tail if you were way off and not expecting it.


  • #80
    Ryath
    Registered Users, Registered Users 2 Posts: 3,466 ✭✭✭Ryath


    Mileage excess only comes into it if you hand back the bike at the end of the deal. If you pay the balloon payment and buy the bike outright it makes no odds. If you trade it in for a new bike obviously the mileage will effect the trade in value but unless you have mega mileage on it the idea is you should have enough equity in it to have the deposit on a new pcp deal.

    The dealer wants you on a new bike at the end of the term but obviously if it suits the 0% deal are a great way of spreading the purchase cost with no Cost of credit. As was suggested if you plan to buy outright at end of term it’s a good idea to save the extra every month to pay the balloon payment/GMFV

    Any idea of PCP rates they are offering on the F800 range?
    https://www.joeduffy.ie/motorrad/news-events/bmw-pcp/

    The BMW motorbike Ireland page really is terrible.

    https://www.bmw-motorrad.ie/bikes/touring/bmw-f-800-gt/?section=Offers

    Off bikes over 10 years now :( but every year I say I’ll get back at soon. Must try and swing by Duffys next time I’m up in Dublin.


  • #81
    markad1
    Registered Users Posts: 923 ✭✭✭markad1


    Old thread I know,

    If anyone has gone PCP with Motorrad how has it worked out?

    I would change my bike often enough and was wondering if this would work out better for me?

    I did PCP on a golf with 0% and paid off the balance at the end. I thought it was a cracking deal.


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  • #82
    mjsc1970
    Registered Users, Registered Users 2 Posts: 668 ✭✭✭mjsc1970


    Don't know yet I'm only 11 months in.

    I'll let ya know in 2 years 😉


  • #83
    listermint
    Registered Users, Registered Users 2 Posts: 34,104 ✭✭✭✭listermint


    markad1 wrote: »
    Old thread I know,

    If anyone has gone PCP with Motorrad how has it worked out?

    I would change my bike often enough and was wondering if this would work out better for me?

    I did PCP on a golf with 0% and paid off the balance at the end. I thought it was a cracking deal.

    Just looking at the pcp page there , zero percent on **** bikes no one wants gs310 and bank loan **** rates on anything nice e.g SR1000 presume that's the same on e.g new R1250 GT


    Really poor apr frankly anti sale.


  • #84
    markad1
    Registered Users Posts: 923 ✭✭✭markad1


    The apr put me off going pcp on a R1250GSA


  • #85
    Alfaguy
    Registered Users Posts: 21 ✭Alfaguy


    I know when I was ordering my S1000RR last August they (Joe Duffy's) did offer me some finance but since I did not need it I never enquired about the details.


  • #86
    Hotblack Desiato
    Registered Users, Registered Users 2 Posts: 35,465 ✭✭✭✭Hotblack Desiato


    Subtle "I bought a brand new S1000RR for cash" post :p

    Scrap the cap!



  • #87
    blade1
    Registered Users, Registered Users 2 Posts: 12,460 ✭✭✭✭blade1


    Hotblack Desiato wrote: »
    Subtle "I bought a brand new S1000RR for cash" post :p

    Fair play to him.


  • #88
    markad1
    Registered Users Posts: 923 ✭✭✭markad1


    I bet he's loving it


  • #89
    Hotblack Desiato
    Registered Users, Registered Users 2 Posts: 35,465 ✭✭✭✭Hotblack Desiato


    I'm not jealous at all, honest!
    I think I'd struggle to hold on to my licence on one of those even if I jammed it into first gear and took the gear lever off...

    Scrap the cap!



  • #90
    blade1
    Registered Users, Registered Users 2 Posts: 12,460 ✭✭✭✭blade1


    Hotblack Desiato wrote: »
    I'm not jealous at all, honest!
    I think I'd struggle to hold on to my licence on one of those even if I jammed it into first gear and took the gear lever off...

    You only lose your licence if you're caught. :D
    Speaking of which, I managed to get 2 points on my license during pandemic.:mad:

    Have had only a couple of spins in the last year and managed to get points ffs.

    Traffic core didn't appreciate my cornering technic :pac:
    All I was doing was letting out a bit of built up tension.

    Cop said he had done advanced training and wouldn't dream of doing what I did.
    I felt like saying "not advanced enough so imo". :pac:
    Better to bite the lip though.

    At least he gave me the choice of punishment for the crime d
    so I opted for the lowest which was 2 points and €80 fine.
    Fair is fair. I got caught.


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  • #91
    Hotblack Desiato
    Registered Users, Registered Users 2 Posts: 35,465 ✭✭✭✭Hotblack Desiato


    No law against cornering??? years ago a guy I knew got pulled over in Brittas, apparantly the garda thought he was going "too fast" because his bike was "leaned over"

    Well of course it's basic physics that a bike which isn't leaned over can only go in a straight line but you try having that argument at the side of the road with a mucker ban garda...

    Hey at least the points expire quicker under lockdown, kinda... my single sole and solitary local 50km/h area spin since last March resulted in a gushing fork which I've still not fixed :(

    Scrap the cap!



  • #92
    D3V!L
    Registered Users, Registered Users 2 Posts: 2,958 ✭✭✭D3V!L


    Hotblack Desiato wrote: »
    No law against cornering??? years ago a guy I knew got pulled over in Brittas, apparantly the garda thought he was going "too fast" because his bike was "leaned over"

    Well of course it's basic physics that a bike which isn't leaned over can only go in a straight line but you try having that argument at the side of the road with a mucker ban garda...

    Hey at least the points expire quicker under lockdown, kinda... my single sole and solitary local 50km/h area spin since last March resulted in a gushing fork which I've still not fixed :(

    Best I had was "you sounded like you were going fast" . The lad hadn't even seen me yet.


  • #93
    blade1
    Registered Users, Registered Users 2 Posts: 12,460 ✭✭✭✭blade1


    Hotblack Desiato wrote: »
    No law against cornering??? years ago a guy I knew got pulled over in Brittas, apparantly the garda thought he was going "too fast" because his bike was "leaned over"

    Well of course it's basic physics that a bike which isn't leaned over can only go in a straight line but you try having that argument at the side of the road with a mucker ban garda...

    Hey at least the points expire quicker under lockdown, kinda... my single sole and solitary local 50km/h area spin since last March resulted in a gushing fork which I've still not fixed :(

    2 points for either driving without due care or driving without reasonable consideration.
    I forget which one it was. The letter is in the drawer.
    The fact that I was happy to take that probably speaks for itself.
    Squad with cameras in it, no way was I chancing a day in court with that.

    Oh yeah, and in a 60 as well.


  • #94
    Nola Ugly Jack
    Posts: 4,186 ✭✭✭ Nola Ugly Jack


    listermint wrote: »
    Just looking at the pcp page there , zero percent on **** bikes no one wants gs310 and bank loan **** rates on anything nice e.g SR1000 presume that's the same on e.g new R1250 GT


    Really poor apr frankly anti sale.

    You are better off going no where near getting money off them, the finance they offered me was a joke rate and it wasn't even that much.

    I traded in my Ducati, gave them 6 grand cash and got a loan of about 5k with Bank of Ireland on the rest.

    One thing I took into account is selling a bike with finance outstanding on it would be impossible, I prefer to have a 5k loan hanging over me than having it linked to the bike at all.

    Their rates were rubbish aswell, I think I would have saved 100 quid over 3 years going with them, obviously considering the finance would have been linked to the bike it was a no brainer not to go with it.

    PCP on any vehicle wouldn't interest me, I have built up equity in my bikes since I bought my gsxr 5 years ago. Each time I buy a bike I save up in between and put the cash into the next one, it's also a way of saving albeit the asset is depreciating.

    iL have gone from a 4k gsxr 5 years ago to probably an 19k BMW now if I sold it that I owe nothing on so its basically cash in the driveway if crap hits the fan and I need to sell it. I think that's the best way to go if it suits someone to do that and fits their lifestyle.


  • #95
    H_Lime
    Registered Users, Registered Users 2 Posts: 1,815 ✭✭✭H_Lime


    Mya Magnificent Bread wrote: »
    You are better off going no where near getting money off them, the finance they offered me was a joke rate and it wasn't even that much.

    I traded in my Ducati, gave them 6 grand cash and got a loan of about 5k with Bank of Ireland on the rest.

    One thing I took into account is selling a bike with finance outstanding on it would be impossible, I prefer to have a 5k loan hanging over me than having it linked to the bike at all.

    Their rates were rubbish aswell, I think I would have saved 100 quid over 3 years going with them, obviously considering the finance would have been linked to the bike it was a no brainer not to go with it.

    PCP on any vehicle wouldn't interest me, I have built up equity in my bikes since I bought my gsxr 5 years ago. Each time I buy a bike I save up in between and put the cash into the next one, it's also a way of saving albeit the asset is depreciating.

    iL have gone from a 4k gsxr 5 years ago to probably an 19k BMW now if I sold it that I owe nothing on so its basically cash in the driveway if crap hits the fan and I need to sell it. I think that's the best way to go if it suits someone to do that and fits their lifestyle.

    "Each time I buy a bike I save up in between and put the cash into the next one, it's also a way of saving albeit the asset is depreciating"
    An high power asset with a sidestand, what could go wrong!:D


  • #96
    Nola Ugly Jack
    Posts: 4,186 ✭✭✭ Nola Ugly Jack


    H_Lime wrote: »
    "Each time I buy a bike I save up in between and put the cash into the next one, it's also a way of saving albeit the asset is depreciating"
    An high power asset with a sidestand, what could go wrong!:D

    Yeah they are a stupid purchase tbh, like I took it out for a 5 minute spin today and ended up doing 200kmh on the N11, its Gona land me in jail hahaha

    Might get an adventure bike next


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  • #97
    raven41
    Registered Users, Registered Users 2 Posts: 102 ✭✭raven41


    As long as you know what you are getting into I think pcp has its uses. Basically you are renting the bike, with lowish monthly payments. I would be very interested to know what percentage of purchasers (renters) pay the final balloon payment. I know there are yearly mileage limits but I reckon a lot of sunday spin types wouldnt actually come anywhere near hitting that.
    After the 3 years are up you rent the latest improved offering from Berlin and start the whole merry go round again.
    Not for me but...


  • #98
    markad1
    Registered Users Posts: 923 ✭✭✭markad1


    Mya Magnificent Bread wrote: »
    Yeah they are a stupid purchase tbh, like I took it out for a 5 minute spin today and ended up doing 200kmh on the N11, its Gona land me in jail hahaha

    Might get an adventure bike next

    Won't help you, they go fast too :D


  • #99
    listermint
    Registered Users, Registered Users 2 Posts: 34,104 ✭✭✭✭listermint


    Mya Magnificent Bread wrote: »
    You are better off going no where near getting money off them, the finance they offered me was a joke rate and it wasn't even that much.

    I traded in my Ducati, gave them 6 grand cash and got a loan of about 5k with Bank of Ireland on the rest.

    One thing I took into account is selling a bike with finance outstanding on it would be impossible, I prefer to have a 5k loan hanging over me than having it linked to the bike at all.

    Their rates were rubbish aswell, I think I would have saved 100 quid over 3 years going with them, obviously considering the finance would have been linked to the bike it was a no brainer not to go with it.

    PCP on any vehicle wouldn't interest me, I have built up equity in my bikes since I bought my gsxr 5 years ago. Each time I buy a bike I save up in between and put the cash into the next one, it's also a way of saving albeit the asset is depreciating.

    iL have gone from a 4k gsxr 5 years ago to probably an 19k BMW now if I sold it that I owe nothing on so its basically cash in the driveway if crap hits the fan and I need to sell it. I think that's the best way to go if it suits someone to do that and fits their lifestyle.

    Agree on all counts. If the rates were under 3 percent or best zero percent it could make sense.


  • #100
    dmigsy
    Registered Users Posts: 1,843 ✭✭✭dmigsy


    listermint wrote: »
    Agree on all counts. If the rates were under 3 percent or best zero percent it could make sense.

    Exactly this. I did zero percent on PCP for a car. Worked out very well after the three years. PCP can be a great deal or can be sh!te. It all depends on the details of the individual deal.


  • #101
    Nola Ugly Jack
    Posts: 4,186 ✭✭✭ Nola Ugly Jack


    I should probably know this because I work in finance but I remember watching a video on PCP, I'm pretty sure the guy said the best thing to do is just buy outright at the end but that they never recommend going down the PCP route at all, it's a nice way to own a shiny new toy but you are still spending a significant amount of money over what you would have if you bought cash.

    I think the majority of people even looking at PCP are probably financially well off because they have enough cash to afford the repayments on a brand new bike.

    I think bike v car is very different in these situations. If I had a wife and kids and wanted them safe in some massive SUV then yeah I might consider going PCP but because bikes relatively are alot cheaper than cars I just don't see any value in going PCP on a bike tbh.

    10 grand will buy you a 2 year old bike, you can get that loan from the bank and own outright, so for a bike I just don't see any value or point in PCP.

    If we were talking a 60 grand 5 series then I would probably have a different answer


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