You could fork out £4k on a deposit for a PCP deal... or you could buy a used gem
See what stunners are out there for less than £5k
There’s little doubt that attractive finance packages have changed the way we view buying new bikes. Walk through a dealer’s showroom and you’ll see that new bikes no longer have just their full RRP emblazoned on their price tags, but also an enticing-looking monthly payment.
It could be as low as £60 or as high as £250, those monthly payments depend on a number of things: the bike’s price, the interest rate and, chiefly, how much you put down as a deposit. Experts say you should put down 25% of the total on-the-road price in order to secure some equity with the bike for you to use as a deposit on a future PCP deal. However, if you’re not 100% certain what option you’ll take at the end of the term, caution should be used when considering just how much to place as a down payment, as you may not see any of it again if you choose to walk away at the end of the PCP agreement.
So with the most attractive PCP deals on the latest crop of superbikes demanding an average up-front payment of around £4000, we look to see if that cash can work harder for you by buying a bike on the used market.
There’s no denying £119 per month for the all-new Honda Fireblade is very tempting, but take a look at what you could buy if you spent the required £4193 deposit on a used Honda instead. As MCN went to press, there was an example of the firm’s iconic and appreciating SP1 for sale online for just £4500. The 2002 homologation special has done 35,000 miles, has non-standard cans and four previous owners, but with typical prices for these limited-edition WSB machines steadily spiralling upwards, this could be a chance to own something special and make a few quid, too.
A different Ducati
Ducati’s Trioptons package makes it possible to ride a new, £20,995 1299 Panigale S for three years for £229 per month, after a £4911 deposit. But if you don’t fancy having that sizeable direct debit coming out of your account all year – what can that deposit buy you outright on the used market?
A few extra quid will be able to buy you a one-owner 2009 Ducati 1098. We found a belter listed for sale on Mcnbikesforsale.com with 16,000 miles on the clock, a full service history, and a Termignoni exhaust fitted – all for just £6200. The 1098 is a bike that looks good and rides beautifully.
It’s a similar story for Aprilia. Sign up to a three-year PCP deal on a new RSV4 RF for £249 per month after a £5000 deposit. Yet that deposit will buy you the firm’s very first top-spec superbike, the RSVR Factory. With a 999cc V-twin engine, Öarahlins suspension, lashings of carbon fibre, Brembo brakes and lightweight Marchesini wheels, just £4700 will buy you a low-miles, 2002 model and if you treat it right it won’t lose you any cash, either.
Best of both worlds?
Manufacturers also offer PCP deals on used bikes. Available on bikes up to five years old, PCP on used machines can make more sense because, as you only pay interest on the depreciation and secondhand bikes have already had the bulk of their depreciation financed by the first owner, you can often have a low deposit, low monthly payments and should get some equity too.