Europe UK » Insurance for a returning Biker & PCP

After a break from biking for 10 years or so, I am considering a return. Previous bikes included Blades and R1's, so fairly large sport bikes. Now would be after something much more comfy, after suffering from a back injury, but something with character. I did run a Aprilia RSV Mille and loved that V-twin.


So, insurance. I did have full no claims, which would obviously now be gone. Has anyone come across an insurance company who do introductory no claims, or even take into account history, albeit dim and distant.

Also, would be interested in anyone's experience of PCP. How was the guaranteed future value v's the real value. Having been stung by a couple of Car PCP's I have lost faith in it.


I would be initially considering a '17 plate R1200RS Sport SE. Would also try and stick with a BMW 2nd hand as the 2 year warranty is appealing.

Morning

As far as the insurance goes I've not heard of anyone who does introductory no claims.

Went down the pcp route when I rented mine in 2016,was looking to trade for a new one in 2019. If I remember correctly gfv was 6500.
I ended up paying it off when I saw the new 1250.
Yours will be a keeper too.
If you like big sports bike the older better looking S1000RR is supposed to be very comfortable or perhaps the S1000XR?

Zitat von wessie im Beitrag #3

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Hello.

I took out a 4 year HP loan on my R1200RS in 2016 and the final payment is in 3 weeks. I preferred the certainty of owning the bike outright after the 4 years. I did buy a car 2 years ago on PCP but I fear that PCP is a bit of a South Sea Bubble waiting to burst. I can see me handing the car back in 2022 and letting VAG take the depreciation hit as I will barely use a car if I continue to work from home.

Re. insurance. Phone and speak to a good broker. They will have more knowledge of who might provide you with the best deal compared to the internet comparison sites that cherry pick the lower risk riders.

Some brokers with good reputations are (removed)

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Also try BMW’s own insurance run by Devitt, sometimes they offer very good introductory rates.

With regard to PCP, used a couple of times over the years but only if very low or zero percent finance rate, and have always made the final payment and then traded in or sold afterwards, and bought again using the selling price as a deposit.
If rates not low then have preferred HP or bank loan as often a better option overall.

Good luck with your quest to purchase a BMW R1200RS.

Zitat von karlak im Beitrag #1

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After a break from biking

Also, would be interested in anyone's experience of PCP. How was the guaranteed future value v's the real value. Having been stung by a couple of Car PCP's I have lost faith in it.


I would be initially considering a '17 plate R1200RS Sport SE. Would also try and stick with a BMW 2nd hand as the 2 year warranty is appealing.

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Zitat von karlak im Beitrag #1

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I would be initially considering a '17 plate R1200RS Sport SE. Would also try and stick with a BMW 2nd hand as the 2 year warranty is appealing.

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Can’t help,you with insurance. It’s a lottery out there every year.

In 2015 I simply bought my bike for X. It’s now worth Y. The monthly cost is Z.

I’m happy with the numbers.

I’ve had a car on PCP - bought the car and sold it at a profit as market price well exceeded GFV (a rare thing) - and 3 cars on PCH, where you simply rent the car. I haven’t seen any bike sales on PCH.

Ignoring all the BS adverts with “attractive prices”, take a close look at APR rates and deposits.

And at the end of the day, no matter how you play it, you have to simply annualise the cost over the period, i.e. is the monthly cost acceptable to you?

And be honest with your calculations.

Purchase price. Deposit. Residual value. Yadda, yadda, yadda.