Negotiating New Motorcycle Purchase Uk
“I have to make sure I’m going to make a profit. When buying, I’ll check a bike’s general condition, then pass it to the workshop, where they go over everything and road test it – I don’t want any nasty surprises. Often, simple ‘tells’ like dirty brake fluid are a good guide to how well maintained a bike is.“Some people think ‘You paid £5000 for that, and you’re asking £6000’. What needs to be kept in mind is that the workshop check and an annual service costs me £150, and an Approved Used warranty costs me £210 plus VAT. If I sell it for £6000 I have to pay the VAT on the £1000, so that’s a total of £560 gone before salaries and rent. The profits often aren’t as big as people think.“I wouldn’t take an insurance write-off – there are plenty of other bikes out there, and I don’t want to be explaining it to someone when I’m making a sale.
How To Buy A Motorcycle Before you buy the bike of your dreams, ask yourself some important questions. You can expect to pay anywhere from under $5000 to $25,000 for a new bike.
I’ll always look for a full dealer service history when I’m buying too: The biggest service on a BMW is at 18,000 miles (£400-£450), so If your bike has a bid value of £8000, I haven’t got dozens of them, and it doesn’t have that service, I’m going to bid you £7500. If I’ve got six of the same model, I’ll probably go in at £7000 or even lower. “At the end of the day, I’m generally buying BMWs, and having been here for 17 years, I know what one should look like. There are certain potential problems I know of too, like the black-painted front panel of a boxer engine that can get chipped and corrode quite badly (£350 to repair).“Some old BMWs with servo-assisted ABS had to have their brake fluid changed every two years with an electric pump, which meant it couldn’t be done at home.
Honda Motorcycles
If it was neglected, and moisture got into the fluid, the servo could fail and cost £1400 to repair. BMW discontinued that system a while back, and most people simply bypass the ABS with a new set of braided lines.“If I get something in I don’t know enough about, I phone someone who does. Knowing as much as possible about the bike you’re buying is vital.”. “We don’t make money from selling finance, but we do save it: If we have 20 new BMWs at the depot, we, as the dealership, have about 10% of their value invested in them, and BMW cover the remaining 90%. The charges we pay for this are dependant on how many bikes we sell with BMW finance, not how much profit is made on it.
The higher our finance penetration, the lower our interest rate is. However, buyers aren’t daft, and know what rates they could pay on a bank loan, so we make sure we’re competitive.”So is cash king?
The bank charges us 1% for counting it and putting it in our account. If you pay by credit card, I’ll have to pass on the 2% charge. If you want to put a £5000 cash deposit on a bike, I’m okay with that, as I can keep it in the safe, ready to buy something.
Bank transfer or a debit card is the best bet, and online banking makes it even easier and more secure.“Like many franchises, we have quarterly targets. If you came to me on the right date, and I was one short, you’re possibly going to get a better deal than if you came a week later. If a dealer is well under or over a target, it won’t make a difference to getting their bonus”. Of course, a dealer won’t tell you where they’re sitting with those targets.At the end of the day, dealers aren’t a charity, and have to cover the costs of their premises, and their wages. What you pay for is the support, service and warranty that you don’t find privately.
You’ll most likely make some savings if you buy any clothing or accessories at the same time, but remember that dealers have to make a living, the same as all of us.TJ has the last word: “If I have a bike up for sale, and I’ve got no profit left in it, or it’s a very popular machine, then the price on the ticket is the price you’re going to pay”. So don’t expect any discounted R nineTs for a long timeSee new and Used Approved bikes atCheck out some great advice from our reader panel atGet delivered through your letterbox every month. 12 issues for £11.99. For more information.Tell us what YOU think.comments.
Surprise yourself and your friends by riding away on a brand new Harley-Davidson® motorcycle from just £5,995, or £65 per month.(plus deposit and optional final repayment) thanks to our latest finance offers.Running from now until 30th June 2018 you can enjoy the same iconic style, quality and performance at an even more competitive rate of just 5.9% APR Representative.With offers available across a range of Dark Custom motorcycles, including Street ® 750, Street Rod ®, selected Sportsters and the new 2018 Softail Street Bob ®, the choice is vast. Harley OWN™ (Personal Contract Purchase).£10 Purchase Fee is payable with the Optional Final Repayment.Harley OWN™ (Personal Contract Purchase) is provided by Harley- Davidson Finance, a trading name of Black Horse Limited. These finance offers are only available through Harley-Davidson Finance, St William House, Tresillian Terrace, Cardiff, CF10 5BH. Credit is subject to status and is only available to UK residents aged 18 and over.
Finance offer ends 30th June 2018, examples correct at the time of production but may be subject to change. With Harley OWN™(Personal Contract Purchase) you have the option at the end of the agreement to: (1) RETURN - Return the motorcycle and not pay the Optional Final Repayment. If the motorcycle is in good condition (fair wear and tear accepted) and has not exceeded the maximum agreed mileage you will have nothing further to pay. If the motorcycle has exceeded the maximum agreed mileage a charge for excess mileage will apply – in these examples 6p per mile + VAT for any excess mileage up to 4,999 miles and 12p per mile + VAT for any excess mileage exceeding 4,999 miles. (2) RETAIN - Pay the Optional Final Repayment to own the motorcycle or (3) RENEW - Part exchange the motorcycle subject to settlement of your existing finance agreement; new finance agreements are subject to status. Finance examples are based on 4,000 miles per year.
Examples are based on vivid black paint variants for all models except Iron 883 which is based on solid paint finish, please ask your dealer for details. ©2018 H-D or it's affiliates. HARLEY-DAVIDSON, HARLEY, H-D, and the Bar and Shield Logo are among the trademarks of H-D U.S.A., LLC.