The next saga of my biking journey

[menzies3032]

Ming help me out here then
If your going 2nd hand I get the difference in price but how do you actually pay for it. The whole point I want to achieve is not emptying the bank account buying up front and did not want to take out a massive loan.

If I want to buy 2nd hand can’t be the BMW as it’s brand new. If I consider 2nd hand then will be the MV (based on current testing) and that’s about £10 to £12k for a nearly new. Would need a loan for the who £12k rather then just paying the depreciation.

Excuse my ignorance I am listening. Help me out here not ever done a new buy before so this is new to me.

[Ruffian]

Just listen to my logic here.

Buy £5k bike 0% finance 3 years.
Bike worth £3000 (so cost 2k)

3 years time
Buy bike £8k 0% finance 3 years (Px 3000 bike)
3 years later bike worth 6k

3 years time buy mv 11k px 6k bike
Still pay the pcp but due to you saving the difference by buying the bike not the depreciation your saving money.

Yes it takes a bit longer but you get the bikes and save money.



Otherwise
3 years pcp 5k
Next 3 years pcp 5k.

So spent 10k and got absolutely nowt to show for it.
Besides memories.

At least with buying the bike you can trade it sell it keep it and its yours. Not the banks.

So what I'm trying to say is

5k and have nothing in 3 years (pcp)
Or
Older 5k bike and then own it to do what you want with in 3 years time.

Like ming said alot of bike can be had for not alot of money now.

[Ruffian]

I'm sorry rob if you feel I'm being a bit blunt but,

I cannot see any point of pcp beside if you want something horrendously expensive and want that look.

I thought you were money saving through and through?

Would you rather pour £5000 OR £2000 down the drain over the next 3 years??

[Ming]

Nothing much to add over Ruffian's examples.

I did actually look at buying a brand new 1200GS a few years ago but at £16k was more than I had disposable. Looked at PCP as an alternative but it was something like 5 grand deposit, 150 a month and I still had to find a big lump sum to own it. Just before I pulled the trigger I got a test ride on an 1190 Adventure. It blew me away and I managed to find an 18mth old one, fully loaded, for £8250,with 18mth warranty left. Did 25k in 2 years and still sold it for £6500. So, that bike cost me £1750 in depreciation over 24 months and 25k miles. Or about as much as the Beemer would have cost me in a years payments without even taking into account the dead money at the start and the fact I'd have to pay at least as much at the end to actually own it.

And I had more fun on a bike that I wasn't paranoid about getting a scratch on lest I had a big repair bill in order to keep the GFV at the end of the contract.

If you MUST have new I'd always take a personal loan out over PCP unless you always want to get that latest bike every 2 or 3 years. I bought a Tiger 800 new on 3 years PCP in 2014 but got bored of it after 2 years. If I wanted to just hand it back I would have owed money as the monthly payments were set over 36mths. Didn't want another new bike so had to pay the remaining finance off before I could sell it privately, which I did and for a few hundred more than I'd later be able to sell it for. Costly and fairly stressful TBH.

Actually, I wasn't having a go about how you choose to finance it. It was the fact you initially had the 890 Duke on your wish list but gave it the elbow as you can't get a demo on one. Fair enough, but when I suggested the 790 as it's going to be as good 95% of the time (and the other 5% is probably on track where you won't take it as you hire track bikes) you totally ignored the option.

Buy what you like, pay for it how you like, but that's how I'll be buying my bikes.

[MikeZ]

Just to change tack slightly onto your spreadsheet scoring regime. I notice you have scored from 1-6 each bike in each catagory, have you thought about applying a weighting to each catagory? You may well find that you get a different result, for example is dealer experience more/less important to you than bike handling?
If u do, then don't forget to include ease of changing the score after you have the bike e.g. setting up or changing the suspension. I would also include cost of ownership/running in the monthly cost catagory.

[menzies3032]

Ruffian and Ming

Really really really can’t thank you enough for your suggestions and feedback this really helps and really opens your eyes to options and bike purchases and to anybody else reading this now or in the future I hope this helps you too.

I am going to be totally honest and say I have my heart set on getting a new bike. I’m currently in a situation where I can afford to do so (money in the bank and a positive wage due to work situation) I might not get this opportunity again and I really want to go for it.

But please let me say “I hear you” and your making me rethink what I do and how I do it and have I chosen the right way to pay for it. So THANK YOU

MikeZ this is a really good point and totally valid. I am going to redo the excel sheet again and give it a waiting and see how the figures come out because your point is bang on. Could see this could well change the final decision

Again THANK YOU!

[Ruffian]

Ruffian and Ming

Really really really can’t thank you enough for your suggestions and feedback this really helps and really opens your eyes to options and bike purchases and to anybody else reading this now or in the future I hope this helps you too.

I am going to be totally honest and say I have my heart set on getting a new bike. I’m currently in a situation where I can afford to do so (money in the bank and a positive wage due to work situation) I might not get this opportunity again and I really want to go for it.

But please let me say “I hear you” and your making me rethink what I do and how I do it and have I chosen the right way to pay for it. So THANK YOU

MikeZ this is a really good point and totally valid. I am going to redo the excel sheet again and give it a waiting and see how the figures come out because your point is bang on. Could see this could well change the final decision

Again THANK YOU!

Fair enough bud.
At least you can say you have had a new bike.
I bought one bike brand new. And that was my z750r discontinued line and was £6080 brand new delivered to my door. And then then gave me £4250 for my cbr 600rr.

I would only do it again if I got that good a deal.

If you got your heart set on a brand new bike go for it.
It's your money etc.

I would just see money is better in other things than the bank. But that doesn't mean not to be money saving.

[Ruffian]

Just to change tack slightly onto your spreadsheet scoring regime. I notice you have scored from 1-6 each bike in each catagory, have you thought about applying a weighting to each catagory? You may well find that you get a different result, for example is dealer experience more/less important to you than bike handling?
If u do, then don't forget to include ease of changing the score after you have the bike e.g. setting up or changing the suspension. I would also include cost of ownership/running in the monthly cost catagory.

Completely agree,
But got to remember a z900 with hel calipers will be better than pretty much anything else on the road etc.

As for suspension, once steve tweaks with it like he did your gixxer it will be a completely different bike again.

The only things will be you cant really remap etc as could invalidate warranty.

[menzies3032]

Ok taking Mikes suggestion have redone it including the weighting.

Was really surprised that it changed nothing

I really thought that it would make a difference but as the high scores are in the areas that are most important to me with the biggest weighting.
but great idea.

Capture 2.JPG

[menzies3032]

But got to remember a z900 with hel calipers will be better than pretty much anything else on the road etc.

As for suspension, once steve tweaks with it like he did your gixxer it will be a completely different bike again.

The only things will be you cant really remap etc as could invalidate warranty.

I am with you Ian suspension changes can make a massive difference and transform a bike. Actually one of the things i am really interested in and thought worked well on the BMW was the electronic suspension that stiffens in Dynamic mode and also has a setting for if you go 2 up so the rear stiffens to support the extra weight.

This was another thing i thought about. Do i go for a cheaper bike and use some spare money on upgrades or do i focus on a stock bike and change nothing. Decided for me i wanted to go for stock bike and not have to change anything so its great out the crate. Again not for everybody but was what I wanted.

[Ming]

You can still get a Duke 790 brand new, 2 year warranty, 7 grand. If being able to twiddle with suspension is a must have then you can spend another £1k and change the shock and get a cartridge kit for the forks. Didn't think pillion provision was a priority which is just as well as that's one thing the Duke wouldn't be good at.
I can't emphasise enough how much less weight equates to enjoyment on the road. My 790 Adventure had the same engine but in a slightly lower state of tune but weighed 25kg more. THAT was pretty nippy but compromised by 21inch front wheel but the Duke is hilarious. It's 169kg dry and feels like a BMX with an engine. The forthcoming trip to Wales will see whether it's suitable for long tours and sustained motorway boredom

[MikeZ]

I was surprised the weighting didn't change the order, but glad u did it because now it shows that (for you) the bmw is nearly 3x better than the gsx rather than less than 2x better. Also that your top 3 choices are much closer together than originally thought. Nicely done.

[julesh]

I never thought buying a new bike could be so godamn boring !!

[TLS-Moose]

I never thought buying a new bike could be so godamn boring !!

[Ruffian]

I never thought buying a new bike could be so godamn boring !!

Well I'm not sure if he has mentioned it but he has posted the videos on youtube if you want to watch them.

Can be found here

https://www.youtube.com/channel/UCDMdBs ... TR70_NBKjA