Author Topic: PCP  (Read 3167 times)

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  • Offline pete fairbairn

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    Offline pete fairbairn

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    PCP
    on: Jan 29, 2017, 11.56 am
    Jan 29, 2017, 11.56 am
    Just a thought iam thinking about swopping CT DCT for lighter Africa twin, , does anyone know if you can swop bikes while still on PCP lease.
    mafakin

  • Offline Hartley   england

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    Offline Hartley

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    Re: PCP
    Reply #1 on: Jan 29, 2017, 12.03 pm
    Jan 29, 2017, 12.03 pm
    I don't know for sure Pete but I think you can. I'd guess they'll recalculate a value for your bike and go from there.

    I know several people who've had cars on PCP and they've all been contacted by the dealer offering a new deal way before the end of the original contract.

    I can't imagine they'd hamper the chance of the sale of another bike.


  • Offline pete fairbairn

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    Offline pete fairbairn

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    Re: PCP
    Reply #2 on: Jan 29, 2017, 01.48 pm
    Jan 29, 2017, 01.48 pm
    Cheers
    mafakin

  • Offline Yasko   england

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    Offline Yasko

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    Re: PCP
    Reply #3 on: Jan 29, 2017, 02.07 pm
    Jan 29, 2017, 02.07 pm
    Basically your asking to end your PCP deal early to purchase another bike. You will end one contract and start another subject to the terms of agreement with a new evaluation of your CT from the finance company as Hartley said. The same dealer and make of bike should make the process easier if this is the case. Because a PCP deal is set out so that it is financially better to run to the end of term for the purchaser and company, there will almost certainly be some negative equity the amount of which depends length of contract and the date of early termination. Early termination will obviously be more expensive (the earlier the more expensive) so the reason will have to be justified (in your case a lighter bike) to make it worth while. Be very aware of rolling over negative equity, if allowed, to a new contract this makes the new purchase even more expensive and favours only the finance company and the dealer. Good luck Pete
    Bill

  • Offline pistnbroke   england

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    Offline pistnbroke

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    Re: PCP
    Reply #4 on: Jan 29, 2017, 03.52 pm
    Jan 29, 2017, 03.52 pm
    hope finances work in your favour Pete.  :028:
    keep it shiny side up !!!

  • Offline pete fairbairn

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    Offline pete fairbairn

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    Re: PCP
    Reply #5 on: Jan 29, 2017, 04.28 pm
    Jan 29, 2017, 04.28 pm
    Bought new bikes every 2 to 3 yrs since 1995 at average of £2.5k to change,would have cost £7.5k to change 30month old  CT DCT last april so did PCP, see how it goes.Medical condition has changed things  for me.
    mafakin

  • Offline Min

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    Offline Min

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    Re: PCP
    Reply #6 on: Jan 29, 2017, 09.13 pm
    Jan 29, 2017, 09.13 pm
    Good luck with the new bike.

    Liked your posts.

     :431: to see you go.

    Min G0JMS   :148:

  • Offline HEN99

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    Offline HEN99

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    Re: PCP
    Reply #7 on: Jan 30, 2017, 10.35 am
    Jan 30, 2017, 10.35 am
    Hi Pete. There are a lot of good reports about the AT. Must say I would have one top of my list if I was looking for bike for me only. But the CT is a great pillion bike -so I will continue to put up with its mass for a while yet. ( Have been thinking of changing the Mrs, can I do that on PCP I wonder??? :084: ) Trouble is with all finance deals- you tend to pay a big penalty to change/ shorten as they have you " over a barrel" so to speak. But needs must, So all the best with your decision.
     :305: