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Africa Twin 0% finance? Anybody done it?

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Rigga
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PostPosted: 11:16 - 02 May 2016    Post subject: Africa Twin 0% finance? Anybody done it? Reply with quote
Inspired by wafer thin hams thread on the gsxr750 I decided to have a look for some 0% deals myself and found this...

https://www.kestrelhonda.co.uk/pages/offers/adventure-offers.htm

It's the non dct one, £187 a month over 3 years with £2.5k deposit which would be my blackbird and final payment of £1250. Must admit I'm very tempted by this.

Has anybody else bit the bullet?
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Rogerborg
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PostPosted: 11:39 - 02 May 2016    Post subject: Reply with quote
I would urge you to read this thread before putting a penny down on a new Africa Twin.

https://www.africatwinforum.com/forum/193-appearance-body/5137-corrosion-how-keep-your-looking-good.html
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Rigga
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PostPosted: 12:24 - 02 May 2016    Post subject: Reply with quote
Kin el, piss poor regarding the spokes. Hopefully they'll do a recall and maybe swap them for stainless?
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c-m
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PostPosted: 14:07 - 02 May 2016    Post subject: Reply with quote
I never understand why they do a final payment nonsense. Why not just do a deposit and regular fixed payments?
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bamt
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PostPosted: 14:34 - 02 May 2016    Post subject: Reply with quote
Because it makes the normal monthly payments lower, to make it appear more affordable, even if the overall cost is the same or higher.
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Albigularis
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PostPosted: 14:36 - 02 May 2016    Post subject: Reply with quote
c-m wrote:
I never understand why they do a final payment nonsense. Why not just do a deposit and regular fixed payments?


Because it makes the monthly cost lower, but also...

Say at the end your bike is worth £7k, but the final payment is £5k, you've paid interest on £2k that you didn't need to borrow, and that value difference can be used as deposit on your next new PCP deal.

If you consistently buy new bikes it's not a terrible option, it's why the GS is a consistent seller, PCP renewals.
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ScaredyCat
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PostPosted: 14:44 - 02 May 2016    Post subject: Reply with quote
Albigularis wrote:
Say at the end your bike is worth £7k, but the final payment is £5k, you've paid interest on £2k that you didn't need to borrow, and that value difference can be used as deposit on your next new PCP deal.

If you consistently buy new bikes it's not a terrible option, it's why the GS is a consistent seller, PCP renewals.


OP isn't talking abut a PCP deal. It's straight finance but has a final payment of 1250 quid. I wonder how much interest you'd get if you stuffed 1250 quid away for 3 years. Not a lot I'd wager, but better than nothing and you're not having to pay the extra 35 quid each month for 36 months..


Quote:
Honda Africa Twin ABS £10,499
Deposit £2,500
Amount of Finance £7,999
36 Monthly repayments £187.47
Final Repayment £1,250
Total Charge for credit £0

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Rogerborg
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PostPosted: 15:48 - 02 May 2016    Post subject: Reply with quote
It's the same general principle as PCP, although with PCP you get the option to hand the bike back rather than buying it.

Given the quality of modern bikes, that's beginning to look like a more attractive option.
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ScaredyCat
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PostPosted: 16:21 - 02 May 2016    Post subject: Reply with quote
Rogerborg wrote:
It's the same general principle as PCP, although with PCP you get the option to hand the bike back rather than buying it.

Given the quality of modern bikes, that's beginning to look like a more attractive option.


Without the milage conditions and without the wear and tear/ damage conditions. It's still a better option that PCP by a long way. With PCP you're stuck with the same brand and restricted to the products that brand offers. At least you can trade in a non-pcp deal with any other make as the desire takes you.

Next people will be expecting bikes to just about last those 3 years, that's not a road we should be heading down.
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Rogerborg
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PostPosted: 16:40 - 02 May 2016    Post subject: Reply with quote
ScaredyCat wrote:
With PCP you're stuck with the same brand and restricted to the products that brand offers.

...or you hand it back, walk away, and get another PCP deal elsewhere.


ScaredyCat wrote:
Next people will be expecting bikes to just about last those 3 years, that's not a road we should be heading down.

If they last as long as 3 years it'll be an improvement for some bikes.

I rather like the idea of being able to say "Come and collect your out-of-warranty but not-fit-for-purpose bike if you like, but devil another penny will you see from me."
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Wafer_Thin_Ham
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PostPosted: 16:42 - 02 May 2016    Post subject: Reply with quote
There are also switch gear problems (Water ingress IIRC), and have heard of a couple of the DCT ones hitting a false neutral, then whacking into gear causing the bike to suddenly jerk forwards. Difficult to say if this is rider error or what though.

That said the people that have them seem to love them.
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Rigga
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PostPosted: 18:54 - 02 May 2016    Post subject: Reply with quote
Wafer_Thin_Ham wrote:
There are also switch gear problems (Water ingress IIRC), and have heard of a couple of the DCT ones hitting a false neutral, then whacking into gear causing the bike to suddenly jerk forwards. Difficult to say if this is rider error or what though.

That said the people that have them seem to love them.


I wouldn't want the dct model, anyway this deal is only on the non dct model as far as I can see. Wonder how many customers bikes have been affected by these issues?
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Rigga
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PostPosted: 19:03 - 02 May 2016    Post subject: Reply with quote
Rogerborg wrote:
ScaredyCat wrote:
With PCP you're stuck with the same brand and restricted to the products that brand offers.

...or you hand it back, walk away, and get another PCP deal elsewhere.



But then you've got absolutely fuck all to show for your deposit and 3 or 4 years of payments. At least if you've got it on straight finance the bike is yours at the end of the term and you can trade it in for something else if you want shut of it.
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Wafer_Thin_Ham
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PostPosted: 19:15 - 02 May 2016    Post subject: Reply with quote
Rigga wrote:


I wouldn't want the dct model, anyway this deal is only on the non dct model as far as I can see. Wonder how many customers bikes have been affected by these issues?


Only 2 that I know of have claimed to have the DCT problem. The spoke thing seems to be affecting more.
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Rigga
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PostPosted: 19:22 - 02 May 2016    Post subject: Reply with quote
Wafer_Thin_Ham wrote:
Rigga wrote:


I wouldn't want the dct model, anyway this deal is only on the non dct model as far as I can see. Wonder how many customers bikes have been affected by these issues?


Only 2 that I know of have claimed to have the DCT problem. The spoke thing seems to be affecting more.


Yeah it's the spoke issue that concerns me, something not right there! Surely they will have to do some kind of recall.
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Wafer_Thin_Ham
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PostPosted: 19:28 - 02 May 2016    Post subject: Reply with quote
Rigga wrote:

Yeah it's the spoke issue that concerns me, something not right there! Surely they will have to do some kind of recall.


Maybe, maybe not. I've seen maybe half a dozen bikes with that problem, depends on how they're ridden and cleaned I guess though.
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Polarbear
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PostPosted: 21:13 - 02 May 2016    Post subject: Reply with quote
A proper long haul rough terrain vehicle and you have to worry about the cleaning routine, come on. Laughing

Another case of cutting corners with fittings.
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ScaredyCat
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PostPosted: 22:27 - 02 May 2016    Post subject: Reply with quote
The spoke thing isn't unique to the Africa Twin, the Yamaha S10 has similar issues, I think the recommendation there was to replace them with Hagon ones for £170.
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Rogerborg
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PostPosted: 23:01 - 02 May 2016    Post subject: Reply with quote
Rigga wrote:
Rogerborg wrote:
...or you hand it back, walk away, and get another PCP deal elsewhere.

But then you've got absolutely fuck all to show for your deposit and 3 or 4 years of payments. At least if you've got it on straight finance the bike is yours at the end of the term and you can trade it in for something else if you want shut of it.

Urgh.

You're going to be paying for the depreciation on a vehicle one way or another. PCP lets you pay (approximately) for just that, with an option to pay the rest and own outright at the end, leaving you in exactly the same position as if you'd straight financed.

For the same interest rates, PCP will never cost you more, will cost you less as you go, and gives you more flexibility at the end. If you like the bike, pay to keep it. If you don't, or if you think the balloon payment is more than it's worth, walk away.

I know it's new fangled and therefore suspicious, but it's really not some cunning trap.
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ScaredyCat
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PostPosted: 07:05 - 03 May 2016    Post subject: Reply with quote
Rogerborg wrote:

For the same interest rates, PCP will never cost you more, will cost you less as you go, and gives you more flexibility at the end.


Again, provided you don't go over the milage and the bike is in the condition they expect it to be at the end of the term.

For me, I'd rather be able to ride it how often and how far I like and, for a bike that claiming to be an off roader, perhaps bounce it off a few rocks and stuff - you know,have some fun. You're not going to do that on a PCP deal because rather than live with a bit of cracked plastic you'll have to repair it.

I'd take 0% finance over 0% PCP any day of the week.


PCP deals are for summer only riding BMW owners hypnotised by dreams of busty Bavarian barmaids that they also couldn't afford to run.
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Kris
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PostPosted: 07:11 - 03 May 2016    Post subject: Reply with quote
What's the financial penalty on a PCP deal for not servicing 'by the book' at a main-dealer?

Thinking
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c-m
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PostPosted: 08:11 - 03 May 2016    Post subject: Reply with quote
The KTM 950/990 adventures are well known for rusty spokes too. Rather than using stainless, they used some crappy coated ones.
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Rogerborg
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PostPosted: 09:58 - 03 May 2016    Post subject: Reply with quote
ScaredyCat wrote:
Rogerborg wrote:

For the same interest rates, PCP will never cost you more, will cost you less as you go, and gives you more flexibility at the end.

Again, provided you don't go over the milage and the bike is in the condition they expect it to be at the end of the term.

Then you pay the final balloon and you own it, leaving yourself in exactly the same position as straight finance would have obliged you to be in. Other than keeping the money in your pocket longer.

Again, no worse off, and you might be better.

This desperation to find ah-but-what-if worst case gotchas in PCP is bizarre, especially if you're comparing it to straight finance at the same rate.
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Kris
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PostPosted: 10:17 - 03 May 2016    Post subject: Reply with quote
This:

Kris wrote:
What's the financial penalty on a PCP deal for not servicing 'by the book' at a main-dealer?

Thinking


And also, do you have to insure the bike fully comp as part of the agreement?

Can anyone who has a recent PCP bike answer these two questions?

Thankyouplease.
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Polarbear
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PostPosted: 10:28 - 03 May 2016    Post subject: Reply with quote
ScaredyCat wrote:
The spoke thing isn't unique to the Africa Twin, the Yamaha S10 has similar issues, I think the recommendation there was to replace them with Hagon ones for £170.


On a bike costing £10500 I wouldn't expect to have to change anything due to crappy manufacturing. (except maybe on a Harley).
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