Purchase new ?

[ZX-7R]

[AshWebster]

that's because PCP is only available on bikes upto 5 years old ( or something along those lines)
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Honda cg125 J reg peice of shit ---> CB650F ---> 2016 CBR600RR
Ford KA ---> 93' MR2 ---> 94'MR2 ---> 98' Subaru WRX STI Ver 3 (track car)

[Rogerborg]

I wonder how many end up just going straight in the back of Nardo's lorry to Elbonia when the finance is over.

They're owned by the finance company, who won't care who buys them.

Dealers don't have any skin in the game, they're just drop off and collection points for the PCP never-never. The "guaranteed future value" actually reduces their ability to screw over owners with derisory trade-in offers. Plus, they get incentives from Honzuki UK to sell new bikes, not used ones.

Honzuki UK will be delighted to have them out of the country. No lingering warranty issues, more new bikes sold.
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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

[DJP]

My last 5 bikes have all been bought new.

Bikes don't depreciate like cars and the way that I buy and use them means that the marginal savings from buying used simply isn't worth it to me.
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Suzuki Bandit 1250
https://deejayp999.atwebpages.com/index.html
That's http not https

[Northern Monkey]

I've bought 3 brand new bikes, 2 were cash, one was PCP. I'd not buy PCP again. It's too much of a pain in the arse to flip if you don't like it. Better finance deals are available from the bank (3.3% apr for 7k), and you can negotiate a better deal when you're a cash buyer.
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Fisty: after polishing the tank with the glistenng beads of sweat from my full hot scrotum, I filled the headrace bearings with 10cc of my manmilk

[iooi]

[owl]

[Rogerborg]

[Northern Monkey]

[colink98]

So general consensus is this, that and the other.
get it new, get it old, get in on the never never.

I think a nearly new hopefully with factory panniers / top box would be the most attractive.
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PCX125 (stolen) - CBF600 (current)
Ride it like you stole it.
ride sensible and not like an idiot and you wont get 6 points in one week.

[Freddyfruitba...]

[Hawkeye1250FA]

[DJP]

[Rogerborg]

Bandit 1250 was, what, £7500 OTR in 2016?

5 year old trade in price is £3,170.

Closer to 40% than 50%. £866 a year.

It's actually a fairly compelling argument, but I'd be astonished if you'd be offered a full 50% back in PX after 5 years, unless it's a particularly desirable model and has been a garage queen.
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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

[DJP]

[Alex A]

Sometimes it makes sense to buy new outright IME. For example:

- When you can achieve a PX allowance significantly in excess of what you could easily achieve privately (it happens!), and therefore offsets depreciation.

- When you can buy pre-reg or NOS bikes at a significant discount. Once they're cleared out, you'll probably stand a good chance of getting most of (if not all) your capital back out of it.

- Brand new models which are in high demand and short supply, and would attract near RRP on the used market in the near term (e.g. MT-10).

In most cases, it helps in terms of cost of ownership if you don't keep it very long. Buy it, experience it, flog it whilst there's still a good amount of Warranty.

[Bozzy]

[Irezumi aka Reuben]

As can be seen from this it really depends on your personal circumstances. I think it also depends massively on what bike you're buying and when.

I bought a first gen street triple after they had been out 2-3 years so the initial wave of buyers had gone, it had also just gone through the banking crash (2009/2010), I got a shockingly good deal on a brand new street triple (which I wish I'd kept).

I'd be looking to wait until after summer. Dealers will struggling in winter so looking to make sales. Also the potential for a bit of a hit after the brexit announcement. If this drives up prices and makes things tougher for people financially then a better time to buy.
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Pictorgraphicalfantastical

[P.]

Pretty sure iooi is just a cheap ass

[Rogerborg]

[andys675]

[Bozzy]

[Hawkeye1250FA]

And just to add ...

The 50% rule for VTing isn't limited by time... I.e if you are only 6 months in ( 25% of the price ) - then you can still VT.

It's their responsibility to figure out how to get the final 25% off you, which would have to be another loan... but without anything to secure it - it would just be a personal loan.

Now I'm not sure on the specifics because no one ever did it while I was there - but I was told by the finance director that the legal guys seemed to think they would have a problem if anyone simply
Refused to sign the new personal loan agreement forms!
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1993 RF400R - 2002 Bandit 1200 - 2012 1250 FA

[Bozzy]

[grr666]

All sounds very complicated to me.
There is bike I want, here is debit card, now bike is mine. If I can't put it on the debit card, then I can't afford it.
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Currently enjoying products from Ford, Mazda and Yamaha
Ste wrote: Avatars are fine, it's signatures that need turning off.