OK, we know most things about 2017’s bumper crop of new bikes. We even know the prices of virtually all of them, too. But, as around 50% of new bike sales are now via PCP (or Personal Contract Purchase) schemes, especially of more aspirational models, we reckoned it’d be a useful idea to do a guide to all the PCP offers and prices for 2017’s new bikes.
After all, what better way is there to know whether you can afford a new bike or not than by comparing, like for like, the most affordable ways of paying for it – which is what PCPs are.
Which is EXACTLY what we’ve done here.
PCPs, if you didn’t know already, are a relatively new way of buying a bike on finance which has spread from the car world and become hugely popular over the last five or so years. Effectively they’re a variation of hire purchase but with an emphasis on a predetermined future used value of the machine concerned. Effectively the buyer, on top of an initial deposit (usually up to 25% of the machine’s new price), makes a monthly payment over the period up to that future date. At that point, the buyer is due to pay the agreed value of the machine to buy it outright or can effectively use it as the deposit and begin a new scheme on a new bike. The advantage to the consumer is that, as they are only effectively paying for finance on the machine’s depreciation rather than its entire value, the monthly payments are far cheaper than with conventional hire purchase and so buyers can perhaps afford machines they wouldn’t be able to do otherwise.
So, for example, where a Kawasaki Z1000SX might cost around £250 per month for 36 months after an initial deposit of £2000 on conventional hire purchase, via a PCP scheme monthly payments over the same period and with the same deposit cost around HALF that at £119.
All of which makes us wonder what PCP deals are currently available for 2017's newcomers…
To ensure we’re comparing like-for-like, we’ve not only used the manufacturers’ own online calculators, we’ve also used identical parameters across the board, namely finance terms of 36 months, an initial deposit of £2000 (or as close as possible) and with an annual mileage of 5000.
We’ve also grouped bikes into different budgets, such as monthly payments of under £100 a month, under £150 a month and so on, so you get a good idea of what’s affordable for you.
Please also note, too, that some models are so new their manufacturers do not yet have PCP deals in place for them. So, for example, although there are PCP deals listed for Triumph’s new Street Cup, Ducati’s new Multistrada 950 and Honda’s new CBR1000RR, they are NOT yet available for Triumph’s new Street Triple 765, Honda’s Fireblade SP or Yamaha’s upcoming MT-10SP, although they are expected to become available in due course.
Finally, it’s also worth pointing out that the biggest variable between all these deals is, usually, APR, or the rate of interest charged as this can significantly affect the amount you pay overall. It’s worth noting, for instance, that some manufacturers are currently offering finance with an APR as low as 5%. Others, however, are as high as 12.9%. All APRs are quoted and all rates were correct as of 14.2.17.
£100-130/month
This is more like it! If your budget stretches this far you’re getting within reach of some of the sauciest bikes of 2017. Manufacturers consider this price band one of the one competitive and valuable of all and so pull out the stops to have machines that are attractive within it. A classic example of this is arguably the most attractive variant of the so-called ‘Scrambler’ yet – the new Ducati Scrambler ‘Desert Sled’ (pictured above), a retro, trail-styled version of its entry-level V-twin that reminds more than a little of Yamaha’s classic XT500. At a monthly PCP rate of £106.49, the Italian newcomer is very tempting indeed.
But it’s not the only one. The updated version of the best-selling Kawasaki Z1000SX can be had for monthly payments of just £119.26 while another of the most eagerly awaited Ducatis of 2017, the new, junior Ducati Multistrada 950 can be had for monthly payments of £129.16.
Finally, in a similar vein to the KTM deal mentioned above, Honda has also launched a special PCP deal for the base version of its all-new Blade. The new Honda CBR1000RR can be had for PCP payments of just £119, although, again, this is on a different basis to the rest of the deals here and requires a deposit of £3443.66 (with Honda themselves contributing a further £750).
£150+ per month
Finally, in our top price band, you might expect some of the best and most alluring motorcycles of 2017 and you’d be right – and yet, via PCP, many, if not all, are perhaps surprisingly affordable as well.
The higher spec, Ohlins suspension-equipped version of the new Supersport, the Ducati Supersport S, can be had for monthly payments of £155.92 with the same condition as before. Suzuki’s new range-topping superbike and Fireblade rival, the base version of the Suzuki GSX-R1000 (above), can be had for a tempting £179.11 per month while H-D’s global best-selling ‘bagger’, complete with new ‘Milwaukee Eight’ engine for 2017, the Harley-Davidson Street Glide Special, can be yours for monthly PCP payments of £330.93.
And if that’s too ‘American’ for you, how about the recent Moto Guzzi MGX-21 which can be had for a similar £361.51 a month. And if all THAT is still not enough, Harley’s top-of-the-range full-dresser, the Harley-Davidson ElectraGlide Ultra Limited, which, like the Street Glide, is now powered by the new ‘Milwaukee-Eight’ engine, is available for monthly PCP payments of £364.47 for the biker for whom too much is never enough!
NB Manufacturer PCP deals for the following 2017 machines were NOT available online at the time of writing.
BMW: R1200GS Rallye and G310GS.
Ducati: Scrambler Café Racer and Monster 1200 S
Honda: CBR1000RR SP and CBR1000RR SP2
Kawasaki: Versys X-300, Ninja 650 and Z900
Moto Guzzi: V7 III
Suzuki: GSX-R1000R, GSX250R, V-Strom 250, GSX-S125 and GSX-R125
Triumph: Street Triple 765, Bonneville Bobber and Street Scrambler
Yamaha: XSR900 Abarth, SCR950, MT-10SP, YZF-R6 and new TMAX
THOSE PCP DEALS IN FULL (IN ALPHABETICAL ORDER)
BMW
R NineT Pure
Cash price £9990
Deposit £1998
36 x £131.20
Optional final payment £5303.99
Total amount payable £12,025.19
APR 9.9%
R NineT Racer
Cash price £10,775
Deposit £1998
36 x £146.70
Optional final payment £5719.20
Total amount payable £12,998.40
APR 9.9%
Ducati
Scrambler Desert Sled
Cash price £9395 (£9495 white)
Deposit £2000
36 x £106.49
Optional final payment £4795.00
Total amount payable £10,628.64
APR 5.9%
Multistrada 950
Cash price £11,132 (red)
Deposit £1999
36 x £129.16
Optional final payment £5910.00
Total amount payable £12,558.76
APR 6.3%
Monster 797
Cash price £8032 (red)
Deposit £2001
36 x £75.55
Optional final payment £4272.00
Total amount payable £8992.00
APR 6.2%
Monster 1200
Cash price £11,632 (red)
Deposit £2001
36 x £145.74
Optional final payment £5533.00
Total amount payable £12,780.64
APR 5.0%
Supersport
Cash price £11,632
Deposit £2006
36 x £140.42
Optional final payment £6034.00
Total amount payable £13,095.12
APR 6.2%
Supersport S
Cash price £12,932
Deposit £2005
36 x £155.92
Optional final payment £6987.00
Total amount payable £14,605.12
APR 6.2%
Harley-Davidson
Roadster
Cash price £9945 (black)
Deposit £2000
36 x £137.26
Optional final payment £5559.00
Total amount payable £12,500.36
APR 12.9%
Street Glide Special
Cash price £20,695 (black)
Deposit £2000
36 x £330.93
Optional final payment £11,690.00
Total amount payable £25,603.48
APR 10.9%
Ultra Limited
Cash price £23,245 (black)
Deposit £2000
36 x £364.47
Optional final payment £13,776.00
Total amount payable £28,896.92
APR 10.9%
Honda
CBR1000RR
Cash price £15,225
Deposit £3,443.66 (+ £750 Honda contrib)
36 x £119
Optional final payment £8,466.90
Total amount payable £16,944.56
APR 5.9%
Kawasaki
Z650
Cash price £6099
Deposit £2000
36 x £50.69
Optional final payment £3059.00
Total amount payable £6883.84
APR 5.9%
Z1000SX
Cash price £10,136
Deposit £2000
36 x £119.26
Optional final payment £5013.00
Total amount payable £11,306.36
APR 5.9%
KTM
1290 Super Duke R
Cash price £13,999
Deposit £5599
36 x £99.74
Optional final payment £7070.94
Total amount payable £16,260.58
APR 9.9%
Moto Guzzi
MGX-21
Cash price £19,999
Deposit £2000
36 x £361.51
Optional final payment £8829.00
Total amount payable £23,843.36
APR 8.9%
Suzuki
GSX-R1000
Cash price £13,386
Deposit £2000
36 x £179.11
Optional final payment £7437.00
Total amount payable £15,884.96
APR 8.9%
GSX-S750
Cash price £7736
Deposit £2000
36 x £86.16
Optional final payment £3914.00
Total amount payable £9015.76
APR 8.9%
Triumph
Bonneville T100/Black
Cash price £8300
Deposit £2009
36 x £87.68
Optional final payment £4746.00
Total amount payable £9911.48
APR 9.9%
Street Cup
Cash price £8600
Deposit £2004
36 x £98.88
Optional final payment £4686.00
Total amount payable £10,249.68
APR 9.9%
Street Twin
Cash price £7500
Deposit £2005
36 x £82.32
Optional final payment £3906.00
Total amount payable £8874.52
APR 9.9%
Yamaha
Updated MT-09 ABS
Cash price £7799
Deposit £2000
36 x £98.76
Optional final payment £3767.00
Total amount payable £9322.36
APR 9.6%
