G
Green star
Guest
I am thinking of buying an HP4 but want to know what people think about PCP. Have always done HP before.
Like chorsley said it depends how long you want to keep it. My issue with it is that after the term of the agreement your hand is forced into doing something with the bike. I'm now at that point in my agreement, my circumstances have changed since starting it and I have to decide if I want to trade it in or hand it back. I would much rather keep it but haven't got the money to pay it off due my up coming wedding. As the bike is worth more than I owe I'm not handing it back so the only option is trading it in. However there is not enough equity left in it to give me a decent deposit to give me similar payments as I'm paying just now so it's not a good position to be in. My S1000RR depreciated like a stone which I didn't expect and didn't help the trade in price but a HP4 would probably hold its value a lot better. I have kind of rambled on there, I would stress that you do your sums before committing.
Trading in is not your only option !
Finance the balloon payment with a loan, set the loan period to allow you to maintain similar payments. You have the bike you want and similar payments.
I am thinking of buying an HP4 but want to know what people think about PCP. Have always done HP before.
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