Honda Free CBT

SolHill95 · Derestricted Danger Joined: 22 Jul 2015 Karma :

Greets y'all

I don't know if this is just local or nationwide but the Honda dealership in Carlisle is offering to pay for your CBT if you buy a 125 with them.

I spoke to a friendly chap inside and saying that there was a finance plan available, £99.00 deposit and £70.00 a month for 3 years.
It isn't a buy to rent contract so after 2 years I could sell it on and not face any surprises. Though they are offering a 2 year guarantee, roadside assistance and a year of tax free when the contract is signed.

The bike I looked at was the new Honda CB125F and costs £2599.00 new.

What I'm trying to ask is do the people of BCF think this is a good offer and is this happening elsewhere too.

Cheers
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KnightsFall · Nitrous Nuisance Joined: 14 Oct 2014 Karma :

Based on the RRP, the price quoted is a few quid high (£2499 RRP + £55 registration + £17 tax = £2571) but the finance offer seems to be Honda standard at the moment. I'm guessing the free CBT is the dealer's own offer.

Pretty much par for the course in terms of buying a Jap 125 new at the moment. Probably not a huge amount to choose between them but the YBRs are on 0% at time of writing, which works out more or less the same per month. You get a longer service interval on the Yamaha (3500 v 2500) but pretty sure you get a gear indicator on the Honda, which might come in handy for noobs forgetting which one they are in. Otherwise not sure what else there is to differentiate them. I expect Honda are still trying to convert folk lamenting them dropping the CBF125 and are trying to sweeten the deal, whilst Yamaha are trying to take advantage in order to boost sales of an ageing model.

Hefty · Could Be A Chat Bot Joined: 25 Jun 2013 Karma :

Is that three-year finance period set in stone? Cause you're very unlikely to want your first 125 for that long.
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SolHill95 · Derestricted Danger Joined: 22 Jul 2015 Karma :

DanRLee · Two Stroke Sniffer Joined: 12 Feb 2015 Karma :

I'd give it a miss, mainly because if you wait and save up, you'll get a 125 on the road for half the money, and you'll want some money left over for when you decide a 125 isn't enough and you start looking at doing a das, not to mention you will get the opportunity to learn how these little bikes work if you buy used.
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stinkwheel · Bovine Proctologist Joined: 12 Jul 2004 Karma :

I'd imagine the CBT would be with CMT (Cumbria Motorcycle Training).

I've had two friends do CBT with them and both went back for a second afternoon on the road at no extra charge.

Was a few years back mind but their website still claims they operate a "garaunteed pass" scheme.

That said, how much does CBT cost these days? £100? I bet you could find one that much cheaper elsewhere. Not that I have anything in particular against Lloyd Honda but the Lloyd group as a whole aren't generally the cheapest.

Price up getting finance through your bank too. Although I personally think you'd be crazy to buy a brand new 125 on tick. I suppose someone needs to buy new 125s though, otherwise there'd never be second hand ones.
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SolHill95 · Derestricted Danger Joined: 22 Jul 2015 Karma :

DanRLee · Two Stroke Sniffer Joined: 12 Feb 2015 Karma :

You sound as if you've already made up your mind and that you're looking for reassurance, Don't listen to the many voices of reason, just go along with the deal, because someone will appreciate your 125 when they're paying half the price you did when you do move on.

If you just want a 125 for the next 3 years have you considered going Chinese?
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SolHill95 · Derestricted Danger Joined: 22 Jul 2015 Karma :

KnightsFall · Nitrous Nuisance Joined: 14 Oct 2014 Karma :

If you genuinely need it and cannot afford to buy outright, I don't think finance has to be a terrible option. Sure, saving to buy outright is the ideal but life does not always work out that way. One thing to bear in mind is that you can trade up early and do not need to pay off the full agreement before doing so. Not sure about Honda but a lot of big names and independents are using Black Horse and they make refinancing pretty easy.

As long as your settlement figure is less than the resell or part ex value, you have at least a small deposit to go towards another bike. You would have to do the numbers and figure out what seems reasonable to you but clearly a new bike will leave you paying quite a bit of depreciation off, before this happens. Low to zero interest deals might lessen this a little though and around a hundred quid's worth of CBT helps too.

As I say though, depends how much you need it and what combination of interest and depreciation you are willing to pay before you trade it in.

Marclev · Nova Slayer Joined: 27 Jul 2015 Karma :

Rogerborg · nimbA Joined: 26 Oct 2010 Karma :

You tell people and you tell people, but they want that shiny new "peace of mind" bike naow naow NAOW. Rolling Eyes

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