Hi guys, suprised that the 2nd hand one is winning this one tbh. Yes I appreciate the depreciation hit so buying new is normally a pretty bad idea. However given the price this time it is not so clear cut hence my dilema -

Buying the new one means I can get 0% finance so I could put down the majority of the cash and then pay the rest of over the next 6-12 months depending on finances.

However, I hadnt thought about the 600 mile service, thanks for pointing that out, any idea how much that might be?

I would never normally buy new, and certainly wouldn't entertain the idea if it was RRP (£7900 I was told). However I cant help feel the discount on the bike is taking it down to pretty close to 2nd hand values thus removing the depreciation factor.

If a 1 year old with 1800 mile bike cost 6 (actually was 6200 but they have offered a discount already) then the same bike brand new at 6800 does not seem so bad. I have managed to get the seat cowl included in the price so guess that is £6650 now (although you could argue the 2nd hand one has this already has one)

Going to go back to two wheels on way home tonight and have another look at the older bike, just wondering how much life is in the tyres for instance, also tell them the dilema I have and see if they really cant go any lower. Need to call the other place tomorrow morning and either tell them to go ahead or get my deposit back (it was a no brainer when it was only another 300 due to the free insurance I thought I would get)

Really depends on how long you're thinking of hanging on to it for

I've bought a couple of bikes brand new (Thunderace and my R1) both I was going to hang onto long term so depreciation really wasn't a factor for me. (well up until I wrote off the Thunderace )

On the other hand if you're only planning on keeping it for a couple of years then I would NEVER buy new

Been trying to find out what the Parkers price is but it only seems to go to 2007 bikes.

Therefore I can only guess that depreciation if I bought new would have been £1800 in the first year since an 08 bike is going for 1800 less than thew new price, but buying this pregreg I am only getting hit with 800 depreciation. Not sure how long I would keep the bike, certainly no less than 2 years but possibly not much longer.

Prolly cos the insurance cost seemed a big factor, therefore it made sense to get the cheaper one. 0% may be a bigger factor tho!

Now on one hand we have sense...then on the other we have bargains... I am a sucker for a deal and will often pay more than I can afford if I feel am getting a good deal out of it. I dont want to miss out on this because it is a more than I budgeted. The 0% means I can have the choice now otherwise we would definately be back at Two Wheels handing over the card.

This is why I have the Focus ST in my sig - due to scrapage scheme and a good discount on top I got that to within a few hundred quid of the same 1 year old car with 10K miles. Way more than I budgeted (or could sensibly afford) - but non the less a bargain so happy with it.

Simmilar situation with the bike really as again I would not be going new if the garage wanted almost 8K for it but given the price being close to a 1 year old bike I cant help feel it make sense. Tho difference here is whilst I knew a few hundred quid difference in a car was not much its not the same scale applied to a bike.

However this will be the end of my fun as the money I made from selling my flat is now dwindled away to the exact 5-6K I have left to pay for the bike.

Remember that the V5 will show you as the second owner on a pre reg, this in itself is why it's so much cheaper than new, and it will affect resale value as any potential buyer when you sell would be 3rd owner.



Anywhere between £120-200 usually depending on model.

Try pushing the dealer for a lower price on the used bike, you will be surprised how much lower they will go for a no hassle cash sale. Before I bought the Bandit privately I was looking at dealers and got them to cut by at least 10% without really trying if they think you will do the deal there and then with no finance or part ex.

You must have very different dealers down there, up here they would much rather take a finance deal as they get paid for the bike and earn commission on the finance. Much more profitable than a cash only deal and therefore more likely to knock something off the asking price.

Depends on whether you're buying new or used. The sale of a used bike carries a far higher profit margin than a new bike so you are more likely to get a much better deal. It is generally assumed that the profit on a new bike for a dealer is between 10 and 18% so in that instance they would prefer a finance deal. Used bikes give the dealer much more margin to play with but are harder to sell so they tend to bend more on the price especially when paying cash during hard times.

Finance is 0% on new bike so I doubt the dealer will get anything out of that, would explain why he could not care less if I took it or not.

Leaving soon to look at Two Wheels and explain that I can get the same bike new for another £795 and see what they can do though they have already said that they cant do better than 6K.

OOps!!

Lets hope I am ok to get my deposit back on the new bike since I went into Two Wheels last night and manger to increase the price diference between old and new to £1100 + £100 gift voucher towards a new tyre which will be needed in the not to distant future.


Down side is I just found my insurance does not expire until the end of Sept instead of the start so looks like I will have a bit of a wait as probably more than its worth to pay the admin fee for a months insurance.

On that point Bennetts comes out cheapest but heard nothing but bad things, next best is Dial Direct with the same negative comments and then Hastings (which were not overly glowing reports either) There is £80 difference already amongst just those three.

I'm with Dial Direct. Frankly can't comment on them as I've never actually had to use them. I just give them money every year for fook all. But you'll never really know unless you have to make a claim.

Getting my deposit on the other bike back so all good there.

Got quoted £55 to insure the bike from now until Sept 23rd if I want to change over. Tempted but bit pricey for the sake of waiting just over 5 weeks so two wheels have said they will put it in storage for me. Aghh I want it now lol

£25 of that is the admin fee apparently which sucks :(

Bennets is £350 to insure and noticed a number to call to opt out of automatic renewal which seems to be the big complaint (that and cancelling insurance seems to cost as much if not more than the actual policy but I shouldn't be cancelling any time soon)

Edit - Just spoke to Bennets who indicated that it would be possible to start a new policy in advance of my old one as long as it was under 30 days.... not sure how reliable that is though...

Have you tried Bikesure?

Yeah, they came in at a simmilar price to Bennetts but with a £500 Excess instead of £300.

Trinity Lane - Standard whoever the heck that is...

edit- Ps they are useless, despite saying 5000 miles and kept in the garden/driveway both online and when I called (calling up got me another £150 added to the price) the email they then send with T&Cs says it must be garaged when within 500m of home address and only 3000 (oh and cant ride other bikes)...

Looks like a gamble with Bennetts or Dial Direct is my only realistic choices although thats another company now said they could start policy within 30 days of NCB date so might be out sooner than I thought

I've just got the best quote from Swinton (and they are doing 30 quid cashback).

And they give free third party other bike use and travel abroad.

ps..I don't work for them..

Unless I want to throw away the 2nd year of my NCB Ive got a 6 week wait until I can get out on the new bike :(

Current company is now saying they wont change over so I can let my policy run out or cancel it. If I cancell I will get about a fiver back if I'm lucky and lose a years NCB, bugger!

It used to be possible to transfer the insurance to a new vehicle - don't they do that any more?

Only if I want to keep it as TPF&T which is fine on a 10 year old bike but not so fine on a 1 year old bike :(

They were willing to give me 2 years NCB if I took a new policy with them but then quoted me over £700, thanks but no thanks!

When I got my Blade I got the insurance through Motorcycle Direct - the yused to be ok, don't know anything about them these days, but worth a try?

I'm currently with Footman Jams, adn they've been pretty flexible at finding a good deal to combine the insurance on the three bikes, for instance they told me I could put the smallest bike on it's own policy then put the RC30 on a classic policy and add the Fireblade to that as a multibike policy. Because the primary policy is a classic (so I have to join the VJMC at a horrendous cost of 20 quid p.a.) the overall policy is cheaper than having two seperate policies. Total cost for three bike comprehensive cover is about 450 quid. I really can't be bothered trying to get that down any further - I'm sure I could, but time is money as, Iggy says.

Cheers but it is/was Motorcycle Direct.

As the wife is about to learn I am thinking it would be best for her to start her own policy /ncd rather than getting a multi bike policy.

Having named riders on a multiple policy can be problematic, as you have two vehicles on one policy which could be being ridden at the same time, and the insurance comapnies aren't keen on that.

Was thinking that last night, then realised that as I will be fully comp I could ride her bike under my own insurance 3rd party (I will be transfering ownership to her to allow that)