Is it worth buying brand new?

Originally Posted by LK-SV

Silly ?? .... urm .... I have a real problem with insurance .... its done on risk, and the 'chances' are you WON'T use it (and they make a profit) ..... so I never feel comfortable things like this .... so is it not silly to pay for something you'll probably never use ??

I can the arguements both ways .... but unless you are really strapped for cash I'd avoid things like this ....

So rather than pay £140 of whatever you'd risk riding a financed bike without GAP insurance? So you crash it the next day, and you only get the second hand value of the bike paid back...

I only bought the SV new as it was relatively cheap. I can't see myself buying another one new.

Originally Posted by TazDaz

So rather than pay £140 of whatever you'd risk riding a financed bike without GAP insurance? So you crash it the next day, and you only get the second hand value of the bike paid back...

Yes. Although I'd never finance a bike to the sort of level that I would let that concern me. No fun having something you are so precious about it gives you sleepless nights.

Unless you can afford to take that risk, I would recommend buying used anyway ..... hell, I still buy used and have got enough tucked away 'for a rainy day' to buy several new bikes cash .... and I expect many others have too ..... as said before, bikes really are fairly cheap (unless you are particually young)

That is one advantage of used .... makes you slightly less precious about it ... which can be quite liberating ....

The ironic thing is, I bet most people that take out finance do it because they are a bit strapped for cash in the first place .... so £140 is probably quite a lot of money really !!