PCP: All the big ques­tions

Motorcycle News (UK) - - 88 Brilliant New Bike Deals -

Who does it work best for?

Rid­ers who want to change their new bike ev­ery two or three years, want low monthly re­pay­ments and arenõt both­ered about own­ing the bike out­right.

Who is it not suited to?

Rid­ers who want to keep their bike un­til it wears out, and those who want to truly own their mo­tor­cy­cle.

Are there mileage lim­its?

Yes, usu­ally around 5000 per year, though these are of­ten ad­justable up to 24,000 miles. If you go over the agreed mileage you will in­cur ad­di­tional charges.

Can I ride it like I stole it?

Yes, pro­vided you main­tain it like you own it. Usual wear and tear is al­lowed, but noth­ing that could con­sti­tute abuse or ne­glect. We have heard no tales of deal­ers be­ing un­rea­son­able, which is­nõt sur­pris­ing as itõs in their in­ter­est to usher you into another deal.

What about bolt-ons?

Yes, fine. Just re­mem­ber that if they lower the value of the bike in the eyes of the dealer (eg pur­ple an­odised ev­ery­thing and an ear­split­ting pipe) you will be pe­nalised. Best plan is to put it back to stan­dard.

Is it pos­si­ble to end the agree­ment early?

Yes, though you will have to pay any neg­a­tive eq­uity on the bike. So if the bike is worth £7000 and you still owe £7500, youõll have to pay the £500.

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