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Suzuki 'cashback' is really throwing down the gauntlet

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Rogerborg
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PostPosted: 13:46 - 08 Jan 2012    Post subject: Suzuki 'cashback' is really throwing down the gauntlet Reply with quote

Last September, Suzuki ran a "£1 off per cc" offer. They're essentially doing it again for some of the models in their range until the end of April.

List prices have gone up a few %, but then you get from £600 to £1000 cashback, £1 deposit, 3%/4%/5% over 3/4/5 years on anything from this list: GSX-R1000, GSX-R750, GSX-R600, GSR750, GSX650F, Gladius 650, V-Strom 650, SV650, GSX1250FA.

At those prices, I could almost be tempted, although the cheapskate in me wonders what it'll do to used prices. How far and how fast will it knock on, and how badly will dealers get screwed on their current stock? Will they try and sit on it for 4 months, or will they suck it up and accept that prices are £600 or so down on everything?

And how will other manufactures respond? At the entry level, you're looking at just £4454 for the SV650. That's £1350 less than an ER-6n - heck it's less than a Ninja 250! - £1400 less than a CBF600N, or near as dammit £2000 less than the new XJ6. It's even a fair bit less than the Hyosung copies - why would you buy the Korean knock off?

Interesting times, let's see how it plays out. Very Happy
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pepperami
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PostPosted: 14:10 - 08 Jan 2012    Post subject: Reply with quote

Even if it did have the knock on effect you`re talking about, I still would`nt be able to find a 250 run-about Sad Laughing
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Maruchino
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PostPosted: 14:33 - 08 Jan 2012    Post subject: Reply with quote

This is how I got my GSX 1250 FA in September. £1 deposit, 0% APR, £1256 off list price automatically before haggling. Brought it down to a more realistic price.

I don't think any other manufacturers responded last time, so I can't see why they would do so this time, but I could be wrong.
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robbieguy2003
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PostPosted: 14:52 - 08 Jan 2012    Post subject: Reply with quote

I done the same as Maruchino, but I got the FA ST - same thing but with panniers and a top box.

I've found it a good bike and at the money it was stunning value.

I think the cost of new bikes in the last couple of years has got a bit stupid, so I wonder if someone in Suzuki is saying lets take less margin and shift more units, afterall more units out means more money coming back into the suzuki eco-system (spares/parts/dealer work etc).

It'll be interesting to see if the others do follow on this. I'm not sure what it'll do the the used prices but to be honest, much like my 600RR I cant see myself getting rid of the 1250 anytime soon (2-4 years at least for this one) so I'm not totally bothered about list price changes at the minute.
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Maruchino
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PostPosted: 15:12 - 08 Jan 2012    Post subject: Reply with quote

Deal doesn't look as good across the board on this one this time. Although some bikes are still £1 per cc 'ish.

For example the GSX 1250 FA is only £650 off, that's only half what was offered last time. No 0% finance offer this time either by the looks of it. But they are still doing the £1 deposit which is nice.
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robbieguy2003
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PostPosted: 15:15 - 08 Jan 2012    Post subject: Reply with quote

Yeah agreed, i'm guessing we got a slightly better deal buying coming into the winter rather than buying coming at the start of the year or in march/april when I guess this will be getting hammered.
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Maruchino
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PostPosted: 15:18 - 08 Jan 2012    Post subject: Reply with quote

Yeh that would make sense to me. Lucky so far (fingers crossed) it has been a mild winter so I've been able to use it a few times.
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Pete.
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PostPosted: 15:41 - 08 Jan 2012    Post subject: Reply with quote

Gixxer750 is a grand more than the 600, yet they are essentially the same bike. What's extra in the 750 that costs a grand?
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iooi
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PostPosted: 16:36 - 08 Jan 2012    Post subject: Reply with quote

Kawasaki have a few Promotions

Example.... Of a 650 dual purpose bike...

Quote:
Kawasaki Versys ABS
Total Amount of Credit (min £400): £6,800.00
On the Road Price: £6,899.00
Deposit: £99.00
Duration of Agreement: 36 months
35 Monthly Payments: £188.88
Final payment: £189.20
Total Amount Payable: £6,899.00
Interest Rate (Fixed): 0%
Representative APR: 0% APR


Quote:
V Storm ABS
Cash Price (OTR): £7,028.00
Deposit: £1
36 Monthly payments of: £204.27
Interest charges: £326.72
Option to purchase fee: £0.00
Acceptance fee: £0.00
Total Amount payable: £7353.72
Total amount of credit: £7,027.00


Not sure how prices compared before...
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Rogerborg
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PostPosted: 18:05 - 08 Jan 2012    Post subject: Reply with quote

I can only assume that Suzuki is betting the farm on shifting some stock, in the hope of making it back later in parts and servicing.

Maruchino wrote:
I don't think any other manufacturers responded last time, so I can't see why they would do so this time


One month at the end of the season, they could tough it out. Four months, including all of April, that might be a different story, there will be a lot of "Yehbut, I could just go to Suzuki and..."

I'm pretty confident that there will be customers getting stabbed in dealers by the end of it, to screams of "Then! Why! Don't! You! Sod! Off! And! Buy! A! Gladius! Then!" Hurt

The danger for Suzuki is that they'll reduce the perceived value of their bikes in the long term - which is why they've done it as a "cashback" rather than a price reduction. It'll be a hard sell for dealers having to slap another £650 on the price of an SV650 on the first of May, although I suspect they'll all heave a sigh of relief when the promotion ends.
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instigator
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PostPosted: 19:59 - 08 Jan 2012    Post subject: Reply with quote

iooi wrote:
Kawasaki have a few Promotions

Example.... Of a 650 dual purpose bike...

Quote:
Kawasaki Versys ABS
Total Amount of Credit (min £400): £6,800.00
On the Road Price: £6,899.00
Deposit: £99.00
Duration of Agreement: 36 months
35 Monthly Payments: £188.88
Final payment: £189.20
Total Amount Payable: £6,899.00
Interest Rate (Fixed): 0%
Representative APR: 0% APR


Quote:
V Storm ABS
Cash Price (OTR): £7,028.00
Deposit: £1
36 Monthly payments of: £204.27
Interest charges: £326.72
Option to purchase fee: £0.00
Acceptance fee: £0.00
Total Amount payable: £7353.72
Total amount of credit: £7,027.00


Not sure how prices compared before...


Amazing when you consider I bought my non-ABS (but with full panniers) Versys, brand new in August 2009 for £4500 Shocked
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Rogerborg
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PostPosted: 21:32 - 08 Jan 2012    Post subject: Reply with quote

instigator wrote:

Quote:
Kawasaki Versys ABS
On the Road Price: £6,899.00


Amazing when you consider I bought my non-ABS (but with full panniers) Versys, brand new in August 2009 for £4500 Shocked


Yup, workmate got a Bandit, currently priced at about £6400, for low £4K back then as well.

Eh, exchange rate, Angelina Jolie personally inflates the tyres on the new ones, leaves a bit of lipstick on the rims.

I half suspect that as volume of sales dropped, they've (all manufacturers) been cranking up the prices to try and maintain profits. Problem: nobody's got any money. Solution: more expensive bikes!

I couldn't see that ending well, which is why it's great to see Suzuki at least try to reverse it.
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bazza
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PostPosted: 23:24 - 08 Jan 2012    Post subject: Reply with quote

The question is: Gixxer 750 or thou? Enquiries will have to be made.

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Paulington
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PostPosted: 00:13 - 09 Jan 2012    Post subject: Reply with quote

bazza wrote:
The question is: Gixxer 750 or thou? Enquiries will have to be made.

I hate myself - I wanted a Street Triple next. Crying or Very sad

I'd have a Thou, but I'm biased. Wink.
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Reid
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PostPosted: 01:33 - 09 Jan 2012    Post subject: Reply with quote

Worth noting that Suzuki aren't the only manufacturer cutting a chunk out of the cost of new machines. Yamaha have cut the R1's list price by £1400 for this year (even with new electronics). Same amount off the TDM 900 and then £400-£1000 off on selected other models. Admittedly the R1 is still around a grand more than a GSXR and just a fraction more than an ABS Fireblade but it's interesting that Suzuki aren't the only ones who recognise that prices need to come down and that maybe a move towards volume is the way forward right now.


edit: Not just the Japanese cutting prices, just noticed KTM are lowering prices on key models too (£950 on Super Moto R, smaller decreases on others).
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Paulington
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PostPosted: 06:47 - 09 Jan 2012    Post subject: Reply with quote

"Cut price" R1s are still ridiculous though.

Local dealerships around me are offering brand new R1s at £13,800 OTR and touting it as a bargain! Shocked.

That's Ducati/Aprilia money for a heck of a lot less bike, hell, last year they were offering the new R1s with a full Akrapovic road system with twin carbon silencers plus some other goodies for just £12,400 OTR, so the price of them now is staggering.

No surprise I see absolutely no R1s at bike meets with new plates.
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robbieguy2003
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PostPosted: 09:39 - 09 Jan 2012    Post subject: Reply with quote

I dont get or understand why the R1 was ever so much, unless they were trying to cash in on the last of the Rossi marketing. I can see dealers saying 'look how good the Yamaha is, even Rossi cant ride a Ducati, they're shit'. I for one, am hoping Rossi will at least take a few wins next year and possibly more to put a few people back in their shells but thats another argument, but i'll guarantee he hasn't lost his talent and I reckon there is more left in him.

The thing I dont get with the newer R1s is when you sit on them they seem very 'fat', the only bikes that dont feel 'fat' are the new ZX10 and the Blade.
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Wafer_Thin_Ham
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PostPosted: 09:43 - 09 Jan 2012    Post subject: Reply with quote

robbieguy2003 wrote:

The thing I dont get with the newer R1s is when you sit on them they seem very 'fat', the only bikes that dont feel 'fat' are the new ZX10 and the Blade.


New fireblade is positively anorexic, and SV650S is tempting for that money, especially if it's 0%. May have to go and look at their site.
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robbieguy2003
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PostPosted: 09:46 - 09 Jan 2012    Post subject: Reply with quote

Quote:
New fireblade is positively anorexic, and SV650S is tempting for that money, especially if it's 0%. May have to go and look at their site.


Yep, I rode my brother-in-laws RR5 1000RR for a few weeks, I loved the torque and stability at speed but found the turn in quite slow. I had a go on the RR8 1000 when they came out and found it quite a giggle, it was slightly slower than the 600 but not by much and the power was great.

The SV seems to be a bargain at that rate. And even if someone had the cash you might as well use the 0%.
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Wafer_Thin_Ham
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PostPosted: 09:53 - 09 Jan 2012    Post subject: Reply with quote

robbieguy2003 wrote:


The SV seems to be a bargain at that rate. And even if someone had the cash you might as well use the 0%.


Just checked the site and it's not 0% anymore. Have to do some haggling instead. Laughing
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robbieguy2003
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PostPosted: 10:05 - 09 Jan 2012    Post subject: Reply with quote

Quote:
Just checked the site and it's not 0% anymore. Have to do some haggling instead.


Bugger, 10 steps walking out of the showroom then Laughing

I've found it seems easier to blag accesories (exhaust, heated grips etc) or gear than more money off, especially when they have a deal on. I've used the 'misses' has said I can spend this much excuse more than once, even when i was single Laughing
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iooi
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PostPosted: 10:50 - 09 Jan 2012    Post subject: Reply with quote

Big_Ham wrote:
robbieguy2003 wrote:


The SV seems to be a bargain at that rate. And even if someone had the cash you might as well use the 0%.


Just checked the site and it's not 0% anymore. Have to do some haggling instead. Laughing


Quote:


Interest charges £593.40


That is with the 5% option, 3 & 4% are even less. So they are giving more back as cash, than they would be charging in interest over 5 years.

Personally cashback is a better option than 0% or low rate interest promotion....

Even better would be if they reduced the price full stop......
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garth
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PostPosted: 11:26 - 09 Jan 2012    Post subject: Reply with quote

Only issue being the entire of Suzuki's range looks wank.
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chris-red
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PostPosted: 12:01 - 09 Jan 2012    Post subject: Re: Suzuki 'cashback' is really throwing down the gauntlet Reply with quote

Rogerborg wrote:


And how will other manufactures respond? At the entry level, you're looking at just £4454 for the SV650. That's £1350 less than an ER-6n - heck it's less than a Ninja 250! - £1400 less than a CBF600N, or near as dammit £2000 less than the new XJ6. It's even a fair bit less than the Hyosung copies - why would you buy the Korean knock off?

Interesting times, let's see how it plays out. Very Happy



The SV is old hat now that model has been around about 10 years, plus they have a terrible finish I'd rather have any of those bikes before an SV.

You think that was a bargain in 2006 the guy who bought my Speed Four brand new paid £3999, that included an alarm and the full body kit. In 2002 the guy who bought my TDM new paid only £3995, they are almost double that now!
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