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Tech pack rip off

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18K views 75 replies 15 participants last post by  gavp  
#1 ·
16k for new 1290 adventure s then they want £1200 to turn tech pack on think il keep my 2020
 
#43 ·
Yeah, price up a GS or an MTS and the KTM is fucking cheap, two of my mates bought them last autumn with a free tech pack, both reckoned it was a bargain.

A Tracer is now approaching £15k and "Budget Middleweights" are now £10k+

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...
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.

The probelm with taking credit and "investing" is if that investment is risky, chuck it all into stocks and a sudden crash tomorrow can wipe it out, potentially along with your job, leaving you with no cash, no job and a bike on finance that is now worht £3k less than you still owe on it.

I don't do credit anymore, did as a stupid yoof, swapping bikes every 5 minutes, each time borrowing more, after @5 years I worked out I had paid enough in payments to have bought a top of the range bike (Fireblade / Exup back then) outright, yet still had finance on a bike that outweighed its value.

It also makes you think twice about a swap, it would cost me about £8k to change (Including £2k extra PX allowance) by the time I have had to re-buy all the extra's on mine, not just tech pack, but my Akra won't swap, nor will my luggage, crash bars, comfort seats, I may get a grand back flogging some bits, but still £7k, and maybe I could save another £500 by not needing to buy tyres and having this years service.

At this point I have a rapidly depreciating asset, that in four years time will be worth about £9k, and has cost over £15k (taking into account inlfated PX) so another £6k, if I kept my £8k bike for another 4 years it will only lose £2k tops.

This is what PCP can do to people, a loop of always owning a vehice at the point of max depreciation, I only bought my new KTM's as I got over £3k off on both occasions, second time around I could swap my luggage, seats and crash bars so was a great deal.
 
#11 ·
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
Maybe but are they really?

 
#14 ·
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
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)
 
#15 ·
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?
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.
 
#17 ·
Couldn't tell you myself, but a lot of reviews rate 890s much better, from what I've seen having tried the 890 too the aero on it is really good and so is the new dash, I'm sure the extra poke from the engine is also welcome, but besides it's a moot comparison, if you really really think the 890 is no better than the 790, why not compare it to the current 790? Essentially the same bike but for almost a grand less!! And nowhere near as ugly 😂
 
#20 ·
I haven't ridden a 790 so I don't want to chat shit, but the new 890 base suspension is the same thing without the adjusters on the 790, and the base 890 felt pretty damn good out of the box, very good wind protection and rock solid even at speed.

You're right about the changes not adding up in the real world, but then at the end of the day the brand new 2023 R1250GS is probably no quicker off road and in the real world than a 2003 R1150GS. That's a whole another conversation altogether.

Talking about suspension then the old 790R wasn't 11k either, it was right about 12k normally. The base 790 back then was 11k,with the same, non adjustable APEX forks , as the current one, except the current bike is a grand cheaper...

We can be as pedantic as we want but at the end of the day the new bikes are an evolution and an improvement, however small, and cost no more in actually reality after you adjust for inflation, increase in earnings etc etc.

I like to grumble like the next person but the reality is, going back to what I said in the Kove topic too, KTM does just simply offer a good deal for their bikes and what those bikes are capable of. If that wasn't the case we wouldn't all be here.

Wanna talk about ripoff, how about Harley Davidson? 30 grand for a 20 year old bike?
 
#19 ·
The want you to buy the latest shit that's why they rate it better , honestly it's probably a little bit faster has a little bit more torque, but just pub talk bollox , my 799 has loads of torque off road will spin up in most gears , it's not torque it's tyres where the grip comes from, you can have all the torque but without grip it's useless, speed wise your talking a bike length or two upto 100 mph nothing really so I find significantly better hard to swallow it's not moved on much , as for wind it's still the same with buffering , fitted a rade screen and removed mirrors made mine bearable
 
#22 ·
I think you’ve gotta be out of your mind to borrow money to buy a depreciating asset. If you want something bad enough, save up or sell other things to pay for it. Just bang the money down on the counter and try to get some extras or servicing thrown in for the best deal possible. Don’t get dragged into all that PCP malarkey.
 
#23 ·
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...
 
#24 ·
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...
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.
 
#25 ·
Cash is king for me , only thing I had a loan on is my house which is now paid for , nothing wrong with a good finance deal but cash is king , it's mine I own it, if I get ill or can't work I am not worrying about shit on finance , if I can't buy it outright I won't have it , these things were taught from my parents and stood me in good stead so far, I'm helping my sister out now , in debt fucking credit cards traveling around the world fake tits , lived with mam rent free not a pot to piss in because of finance , no unless I help she will be potentially homeless, so my plans for a few years are fucked because of her

I actually giving her a flat above my shop for free because I can't see her homeless, and think of my parents looking down , fucking fuming inside, and around 70k to get a extension on property which is my life savings which I will get that part for me , so when people say finance is a good thing it's not , if you can't afford it don't buy it, it's will stand you well
 
#29 ·
Yeh, I kind of guessed you'd be looking at it like that.
The thing I can't argue with is that you get to have it now, and that in itself has value.

Inflation acting on the whole loan doesn't work when it comes to deprecating assets.
Your 10k might be equiv to 11k in a years time but your 1 year old depreciated assets isn't.

What is saving you is that you claim to be making more than the interest you're paying through your investments, which maybe the case now but might not be the case over the next 4 years. It's a gamble, if it wasn't then you'd max out on loans and invest that money too.
 
#30 ·
That's true, with regards to the asset being deprecating, it'd be a consideration if I wanted to sell the bike. I don't. I've kept all my bikes I've owned either until they were beyond repair or I still have them (my 2003 XT600, 2011 ER6F, 1985 RG80)

My XR got written off, I was never gonna sell it.

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.

Ofc anything to do with money is a risk but I'm sure as hell not losing sleep over having my bike now and having a loan for it, it's not a large monthly payment, I can easily manage it, and if shit hits the fan, I'll always be in a position to pay the remainder of the loan off as I'd have if I decided to buy the bike cash, or if not then sell the bike, and pay the cash. Early repayments on the loan also mean effectively even lower interest rate at the end of the day.

Plus you gotta look at the reality of the deal too, I learned this with my ER6 and XT600.

I bought the ER6 for 2,500 quid, it was a great bike but at now 55k miles I've spent at least 3k on it with various issues over the years, it just burned out a stator too, that's at least a 100 quid...
My XR I bought for 9,000, 47k miles, spent about 300 quid on "issues", consumables are realistically the same as the ER6 with the exception of tyres.

At the end of all this the ER6 is worth about 1.5k in it's current state if anyone would ever buy it,
The XR was valued at 7250, initially which I pumped up to close to 9.5k and I still have the OE boxes to pawn off...

If I didn't buy the GT now and would've gotten a crap bike or a cheap bike to bide me over I'd have spent a lot more money by the time I'd get the GT.

Sure I could buy a cheaper reliable bike like say a newish SV650 or smth but that's a massive downgrade from what I had for no real monetary benefit.

At the end of the day I only own a bike as a means of transportation and it's also a huge passion of mine, so the now is more important than the how much.
 
#31 ·
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.
I agree with what you're saying other than the above.
I think you'd have paid less if you paid cash, especially if you had the cash anyway and choose not to use it, that seems plainly obvious.

Inflation doesn't make up for loan interest but does lower the final figure in real terms, as long as your income continues to increase, if it doesn't then inflation doesn't help you.
You may have a higher 'opportunity cost' for that money than the interest you'd pay, if so then great.. though it isn't guaranteed so you won't know until the end if you're better off or not.

Am I wrong?
 
#33 ·
You seem to take comfort in inflation, but inflation is irrelevant here as you're not investing.

Lets me summaries it as I see it.
You paid extra to buy your bike as you borrowed some money to do so. You are now hoping that the investments you made on an equal sum of money return more than the cost of the finance.
That's all there is to this, anything else is smoke & mirrors.
 
#34 ·
I mean surely if we can't agree on it then the difference is inconsequential.


Some random US based article I found but outlines the benefits precisely and it works the same way here in the UK.

A bike might be too small an asset for it to be a significant difference, but the same applies to houses and mortgage.

Edit:

Here is a more credible and relevant article:

.

Bottom line is if your interest rates are fixed, inflation is a good thing.
 
#44 · (Edited)
Back in the mid 2000's I had a group of mates that started using stock market spread betting (via IG Index).
The markets were very good at the time and some of them made a fair bit of money, I even made a few hundred on the FTSE 100, but then lost it again as I didn't have a clue.

One decided to reward himself by buying a static caravan at a local seaside. He was going to use some of his profit to purchase it but did the sums and decided it made more sense to leave his stake in IG and instead took out a bank loan to buy the caravan. Fast forward 6 months and the markets crashed, most of his spread bets cancelled and much of his profits were wiped out.. but he still had that bank loan to cover.

I would take out credit if it was cheap enough and I had the money anyway, and there was a bank account that would return a worthwhile profit. I wouldn't invest though as the markets can swing suddenly and I think we are in (or just about to enter) a period of high volatility. Also I think most shares are overvalued, and that could change now we are exiting a period of low interest rates.
 
#49 ·
One good thing about this thread though (and ones like it recently), is that for me it has put KTM's actual pricing into prospective against other similar brands.
I'm not in the market for another bike, and never really considered getting a new bike anyway so it makes no difference to me...

But still.. I just don't like it. I would prefer if every bike had everything on it fully enabled so there is no redundant hardware on the bike.