A bit of a predicament

[FirebladeRuss]

So, I'm quite happily rocking around on a clean and tidy 58 plate Blade with 25k on the clock.

However, whilst having tyres changed for the MOT at my local yamaha place (that my mate is a mechanic at), I took out anew MT10 for a while to kill some time.

Long story short, got offered a blinding part ex on my Blade...and a finance deal that would work out at £45 a month with the blade PX as deposit.

I've always had naked bikes until the blade (bandit 600, Fazer 1000, BMW K1200R, Kwak Z1000), and my main riding is commuting, which to be fair the Blade handles respectably aside from the usual slightly achy wrists.

The idea of a band new bike is very appealing, and the MT10 is certainly no slouch in term of performance, jsut a different delivery to the Blade - not making it any better or worse, just different. It's rare i get opportunity to tear the arse out of the Blade, and I don't do track days or anything.

I'm a real stickler for having my car/bikes perfect condition, so obviously buying second hand never really hits the mark for me, and i spend ages trying to sort out the bits previous owners have neglected or bodged - hence the proposition of a new bike is quite appealing in that respect.

So, I'm kind of stuck pondering what to do, so thought I'd get some peoples opinions on the MT10 and indeed my Blade whilst we're at it - as I can't make up my mind what to do.
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[bamt]

A 9 year old blade and £45/month so total payments £2.7k if taken over 5 years, less if shorter? I'm guessing that the actual deal is PCP with a large-ish final payment, which makes this less appealing than it appears at first glance (unless you got an absolutely stonking trade-in valuation well above market value).

[FirebladeRuss]

[wristjob]

£45 per month for how many years?
is it one of those shocking pcp deals where you have to pay for the bike again after 3 years?
if its a pcp deal what is the milage penalty?
as for the mt10 nearly all reviews are complimentary.
although the standard pads from yamaha make the brakes feel wooden(they still work well)
probably going to be better at everything as a road bike.
looks are a bit odd.
crossplane engine sounds and works well.
downside ,its not a tuono.
upside, its not a tuono.

[FirebladeRuss]

[stevo as b4]

I like the look of that generation blade far more than most of its rivals. In fact the R1's, GSXR's and comedy ZX10R's look bloody ugly in comparison IMO.

What colour scheme is your blade in? If it was something special like the TT legends colours, and it's still very tidy and enjoyable to ride I'd keep it 100%. Why get rid of a good, clean capable bike that's a few years old if it's still a fucking nice ride and excites or thrills you to ride?

What do you think about the MT10 apart from it being a brand new bike is better about it than your blade? The Blade will be faster, have more bhp, and has probably got better more adjustable suspension, as well as much better build quality, judging the MT10 by the standards of the smaller MT series bikes. Its also bloody ugly in an Alien way, just like most modern nakeds are. Im not sure it's any more ugly than a Z1000 or H2R, but that's not saying much either.

What needs doing to your blade to make it truly mint and spotlessly clean if that's what matters to you, and how much will it cost to get it there?

That would be my biggest deciding factor of all I reckon.

[FirebladeRuss]

[Tracer1234]

Ah, but wait, look at your forum name. Sorry to say your stuck with a fireblade now until the end of time.
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Riding: Yamaha MT-09 Tracer Occasionally Riding: 08 Suzuki SV650, Potato: 2011 Yamaha YBR Custom.
Used to ride: 2015 Yamaha MT-09 Tracer (smidsy) 09 Triumph Street Triple (P/X'd) 08 Yamaha YBR (Sold)
CBT 04/14. A: Mod 1 & 2 13/04/15

[P.]

[FirebladeRuss]

Any thoughts on the bike itself, ignoring finance, as that is a personal decision for people?
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[chickenstrip]

[Rogerborg]

No, sorry, I can't let this one slide.

[Polarbear]

I'm another non fan of PCP. The bike is never yours. You can't fuck around with it. You have to worry about miles, paint chips, dropping it (more than you would if it was your own). Not for me.
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Triumph Trophy Launch Edition

[andys675]

I can't agree entirely, I do think PCP is a good thing but there is no reason at all for the rate being 9.9APR this is purely kickback money for the dealer and should be refused until the rate drops to 5%, this is usually black horse finance who are all over the main dealers as the preferred in-house finance company so the dealers are lazy/greedy and don't try other suppliers where they could drop the rates and sell more bikes

and also there is no reason the dealer can't discount the bike on a PCP just as if they were discounting it for any normal reason
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Some people feel the rain, others just get wet.

[Jayy]

You only live once, do it.

[techathy]

Seems like you're trying to verify a decision you've already made. So go for it.

The one thing I'd say is make sure you run all the finance numbers through & also assume you'll pay the final lump sum to keep the bike. The finance company won't be wanting to lose money so the GFV will be what you'll expect get for the bike in good, not A1, condition as trade in after the finance period is over. I've seen the total cost of car ownership be over 10% less by stomaching the bigger HP monthly payments.
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Bikes: '17 Zero FX ZF6.5, '16 BMW R1200 RS, '12 Triumph Daytona 675

[Bozzy]

Get it bought if you like it!

You only live once.

Although I would probably get a cheap personal loan rather than PCP as your deposit amount (the Blade) will be fairly substantial. I'd do this because;

1. You should get a lower interest rate.
2. You won't have a hefty final payment.
3. You'll have more flexibility if you want to sell up before the loan completes.

Good luck!
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2004 SV650S >>> 2009 Street Triple R

[Wafer_Thin_Ham]

[Rogerborg]

Oh, for sure, rent the MT-10 if the numbers work out. Be clear that you are trading a bike that you own for one that you're just renting. With a limited mileage too - take that into account.

<sperg>
Yamaha PCP seems to assume £6417 final payment on a £11000 MT10 @ 8.9%. £45 a month x 36 months @ 8.9% = just £1,424 loan value which leaves you needing to make up £3159 from the trade-in value of the Blade.

That's very close to the £3130 book trade-in value so they're not actually doing you any favours.

That cost to own though... There's going to be a lot of them just handed back, I expect.
</sperg>
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Biking is 1/20th as dangerous as horse riding.
GONE: HN125-8, LF-250B, GPz 305, GPZ 500S, Burgman 400 // RIDING: F650GS (800 twin), Royal Enfield Bullet Electra 500 AVL, Ninja 250R because racebike

[Pjay]

PCP is fine if the amount you paid in is equal or less than the depreciation of the bike over the time of the contract.

With newer models, this is quite hard to work out and predict. Tis a minefield.

I would just look at it as hiring the bike for £45 a month + your deposit. If you are happy with this, then go for it.
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struan80 - I'll go first - satisfied tick 1

[Wafer_Thin_Ham]

[FirebladeRuss]

Ive been offered £5k

No, I've not made up my mind. My Blade is a lovely looking bit of kit, but it's got 26k on it now, which means the value is only going one way.

There's nothing wrong with it, and the mileage doesn't bother me personally in the slightest because it's sound. BUt as is always the way, other buyers and traders all pull funny faces because it's over 20k.

I was just curious to know what others would do, and what the opinions of the MT10 were in general, if anyone had one, etc.

I'm not really fussed on what people views on PCP deals are to be honest, because as I've said, that's down to personal choice and financial standings. I'm more interested in the bikes themselves, build quality, reliability, etc.
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[mentalboy]

[FirebladeRuss]

Fuck me.

Any views on the MT10 at all?!
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[Alex A]