16k for new 1290 adventure s then they want £1200 to turn tech pack on think il keep my 2020
Kind of assumes you can get a better return on investing the £10k than the borrowing interest, now lets say you buy on credit and will pay £12k for a £10k bike over 4 years, you would need 4.x% with compounded interest, and some savings accounts are around this now, especially if you can "lock" the money away for 4 years, so you still have £10k cash in bank.With maths like that I wouldn't be making money that's for sure hahahah
Inflation acts on the whole loan, not just the interest, at current rates that'd mean that say you paid 10 in cash today, that same 10k in cash would have the purchasing power of 11k in a years time effectively already cancelling out the interest......
As it stands this very moment, I also have all that cash I didn't pay to invest elsewhere, which I do, actually making me money, AND on top of all this I have a bike NOW not in 4 years time or whatever...
Maybe but are they really?They are all fucking robbing cunts who push how far they can rob you, all the same , cars and bikes, about time we told them to fuck off , just activate the stuff and give customers a RRP on the bike
I've gone Chinese, what's the worst that can happen
Right but that's a 790R you're comparing to an 890R, which is a significant upgrade over the 790, the base 2023 790 is exactly 10k + 700 quid for the tech pack,if anything that's cheaper than it used to be especially after you account for the fact that there was over 20% inflation since 2019 (that 11700 is now is more like 14-15k)Well my 790r was £11.700 otr with rally mode included in 2019 the new one £13.400 plus a grand for tech pack 23 model
Plus are they not made in a different country now for more profit
All I'm saying is someone on minimum wage now has to work less to buy a better bike than they had to even 5 years ago. At the bottom line that's what you have to look at.They are saying it's inflation that's utter bollox inflation for years was at a all time low and bikes still went up , admittedly inflation is high now but they were going up before
I remember buying a brand new 520exc £5.300 otr they 10k now?
Simple answer why people buy on PCP is that’s all they see is the lower monthly figure they don’t look at the final cost.Idk why in the world anyone would ever buy a bike on PCP when you have personal loans as low as 5%, which is what i've done to supplement what I received for my XR for getting my GT, over 4 years I'm paying 1 grand more than the bike's sticker value is, at the rate inflation is going right now I'm making money on financing over a one off cash payment!!
Sometimes you just gotta use your noodles...
I agree with what you're saying other than the above.My point is only, that if I wanted this bike, long term I'd have "paid" more if I bought it in cash.
I only have 5% interest on the loan for it, keep in mind personal loan not PCP or HP so I OWN the bike fully, and currently inflation offsets that completely.