Author Topic: Cost to Change - £'s  (Read 354 times)

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OnlineDavid.

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    • Model/year: R 1200 RT / 2012 (Camhead)
    Cost to Change - £'s
    « on: 2021-11-06 10:23:44 »
    It's 7 years since I last purchased a new/used RT. From the experience of owning a 2007 and 2010 RT then changing them after 3 or 4 years, the cost to change was around £6K to £7K. My budget was £165 per month, just less than £2K per year. Both bikes had around 36K to 38K miles on the clock.

    Is this monthly budget still typical of a PCP deal or changing the bike say after the 3 year manufacturers warranty is up.
    « Last Edit: 2021-11-06 10:57:18 by David. »

    OfflineLevisp

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    • RT1200 LC SE
      • Model/year: RT1200LC / 2014
      Re: Cost to Change - £'s
      « Reply #1 on: 2021-11-08 18:29:30 »
      There used to be a useful PCP calculator on the BMW website but I'm buggered if I can find it. If you have a good bike and from the pictures and what I have read you do, then I would stick with it. The new 1250 are nearly £20K and I cannot say I'm impressed with that. BMW are getting expensive and they are certainly not problem free. I don't have PCP bought my bike ages ago and have no intentions of changing it. In fact I have just bought a KTM 890 Adventure for a bit of fun. However back to your question I would imagine on a new bike your PCP payments would be something more like £200-250 pm. Of cause it all depends on amount of deposit, milage and length of term. If you want a definite answer then ask your dealer.

      OnlineDavid.

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        • Model/year: R 1200 RT / 2012 (Camhead)
        Re: Cost to Change - £'s
        « Reply #2 on: 2021-11-10 12:24:47 »
        I'm not looking for a new bike myself, was just interested to know how much it typically costs to change after say 3 years or have a PCP deal.

        OfflineLevisp

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        • RT1200 LC SE
          • Model/year: RT1200LC / 2014
          Re: Cost to Change - £'s
          « Reply #3 on: 2021-11-10 13:41:39 »
          PCP is a very clever product for the dealer and an enticing one for the customer. The average PCP customer replaces his bike every 3 years. He pays lower than normal HP payments has a new bike every three years and always in warranty. So what's not to like ? The cost longterm. The last time I looked at the cost over a 12 year period it came out as between 2 - 2 1/2 times more expensive than buying outright and keeping. This is one reason that I'm not bothered about warranty. The money I save by buying one bike and keeping will pay for any work that maybe required and still be better off.


          Example.


          Customer A Buys new bike for £20k keeps for 12 years and sells for £4k Cost to him is £16k or £1333.33 per year.


          Customer B PCP has 4 new bikes and after 12 years hands the last one back to dealer. Cost £250 pm. Cost to him £36k or £3000 per year.


          These are just very rough figures but you get the idea. There is more to it than that because each time B replaces his bike there is probably a deposit to pay as well.  Also you are kind of forced to have main dealer servicing where as A after warranty period can do what he likes.


          For me the only time PCP really makes sense is if it was going to be my very last bike then splash out let dealer do the servicing and hand it back after the loan period. Rang boots up.

          OnlineDavid.

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            • Model/year: R 1200 RT / 2012 (Camhead)
            Re: Cost to Change - £'s
            « Reply #4 on: 2021-11-10 14:06:02 »
            I'm in the "buying outright and keeping" category, IMO, it's the most economical way to own a vehicle.

            As I'm not splashing out circa £2K to £3K per year to change, paying £245 for 7 months warranty is not a big deal.

            Yes, there is some minimal bespoke dealer or independent servicing required but not at £130 per hour for BMW dealer labour!
            « Last Edit: 2021-11-10 14:09:08 by David. »