Buying a new bike - Advice

[the_lone_wolf]

Originally Posted by Dave20046

Doesn't even need to save up if you can get a loan (like you're considering).

True, personally I'm not that keen on paying a finance company money to satisfy the little "must buy now" gremlins

Biketrader is listing 32 VFRs within 100miles of London under 3yrs old and less than 10k miles starting at ~£5k, plenty of window shopping and what, £3.5k less than a new one?

[Gazza77]

Originally Posted by Alpinestarhero

I'm really really considering getting a brand new honda VFR800, and take advantage of the free luggage offer honda are doing until the end of september.

I'm worried by the interest though; I'd have to pay on finance, and the interest would be 6% (work out something like 15% apr over 24 months). In total, I'd be paying about £9200 for a bike costing about £8500. Is this a reasonable deal? Repayments would be about £260 per month, which I can afford (I think I can affrod up to £300), and I can get a good price for insurance.

Should I take the plung? An attractive part of having a brand new bike is that I take full control of its servicing history.

Help me out .org, I would really like a VFR800, its the bike that promises to be the bike to do everything I want from a bike...

Matt

Other things to consider: have you actually ever ridden one? Might be worth looking at some of the other options out there too to compare (Fazer thou, Sprint ST perhaps) as well before you jump in.

[Dave20046]

Originally Posted by the_lone_wolf

True, personally I'm not that keen on paying a finance company money to satisfy the little "must buy now" gremlins

Me neither but a lot of people are happy to

get 1 six months old with all the extras already run in, low milage

and save a few grand?

Originally Posted by gazza77

might be worth looking at some of the other options out there too to compare (sprint st perhaps)

You're biased though Gazza

[the_lone_wolf]

Originally Posted by Dave20046

Me neither but a lot of people are happy to

Fair enough, I 'spose with a £1500 trade in on the SV (more without the topbox) and a 2yr old model with 8k miles at ~6k it's not an earth shattering loan, I'd just be wary of burdening myself with contracted payments unless I was absolutely sure my income was going to continue until things pick up...

I sit on the fence with this one,

I have bought many used bike and 2 new ones,

You cannot touch the feeling of your bike being urs and new, bikes are pretty much my only vice, so I am happy to spend my money on them as it were.

I bought the tuono new and financed it, but I kept the payments high to make sure it was paid of asap so in the event of needing to sell it it wasn't in negative equity.

Also put it off a month and save that extra for additional deposit.

Hmmm only finance deal on a new bike I'd be looking at is 0% - but then I'm a tightwad



Edit: and just for a windup - http://cgi.ebay.co.uk/HONDA-VFR-800-...d=p3286.c0.m14

[yorkie_chris]

Originally Posted by Alpinestarhero

I'm really really considering getting a brand new

Don't.

[Gazza77]

Originally Posted by Scoobs

You're biased though Gazza

I am, but doesn't mean the OP would agree with me.