PCP / aftermarket parts

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PCP / aftermarket parts

Postby boxerscott » Tue Dec 17, 2019 8:38 pm

With the increasing popularity of pcp bikes how much of an effect will this have on aftermarket parts sales? I sense from the mags I manage to get a look at that there seems to be an increase in advertising. I would have thought it a pointless exercise modding a bike that you may only be renting.


chris
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Re: PCP / aftermarket parts

Postby Paul » Wed Dec 18, 2019 2:58 pm

There's usually a good market for second hand bike bits though. Just think of the excitement a used "Lennies InDuct" used to generate on here.

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Re: PCP / aftermarket parts

Postby boxerscott » Wed Dec 18, 2019 8:56 pm

Paul wrote:There's usually a good market for second hand bike bits though. Just think of the excitement a used "Lennies InDuct" used to generate on here.



Paul
yeh but we are wiser now :roll: I can see the benefit of conserving a quality used model of a bike from back in the day and spending some moolah on that , however modern bikes with masses of mumbo that we can not utilise or indeed could not utilise render the after market can or zorst system irrelevant. To add to that we should be conscious of why emission regs are being imposed and be grateful for them.

I have a pin up of Greta on my garage wall and a photie insert of her on my bike key fobs. it works well for a Yorkie Puddin`

Lennies induct, Acrylic torque curve momentos of dyno runs, aye, halcyon days gone.... (thankfully)

All Hail Viagra!

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Re: PCP / aftermarket parts

Postby slparry » Fri Dec 20, 2019 7:06 pm

boxerscott wrote:With the increasing popularity of pcp bikes how much of an effect will this have on aftermarket parts sales? I sense from the mags I manage to get a look at that there seems to be an increase in advertising. I would have thought it a pointless exercise modding a bike that you may only be renting.


chris


if you extend the finance model Chris, people have been "renting" for years..... every time a bike was on finance of any version it was being rented …. logically any house with a mortgage was rented for 25 years.

There's equity in either model and it's the equity that's the factor for moving forward. I've noticed that Triumph and Ducati leave very little equity in their deals, leaving more affordable monthly payments. BMW tend to have higher monthly payments but more equity. My "slant" on it is that with BMW being a "car" company they're more "savvy" about building relationships.

Basic ideology is consider how much disposable income you have and decide what you want to spend it on.... be it cocaine, hookers or motorbikes :)

When I bought my F800GS new at £99 pcm, I would have been looking at a used bike but PCP allowed me to get a new one. Three years on BMW would like me to chop it in and continue paying £100 or so for another new one, I decided to flip it to HP and have paid more in interest but it suited my budget and in another couple of years will be mine :)
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Re: PCP / aftermarket parts

Postby boxerscott » Fri Dec 20, 2019 11:52 pm

slparry wrote:
boxerscott wrote:With the increasing popularity of pcp bikes how much of an effect will this have on aftermarket parts sales? I sense from the mags I manage to get a look at that there seems to be an increase in advertising. I would have thought it a pointless exercise modding a bike that you may only be renting.


chris


if you extend the finance model Chris, people have been "renting" for years..... every time a bike was on finance of any version it was being rented …. logically any house with a mortgage was rented for 25 years.

There's equity in either model and it's the equity that's the factor for moving forward. I've noticed that Triumph and Ducati leave very little equity in their deals, leaving more affordable monthly payments. BMW tend to have higher monthly payments but more equity. My "slant" on it is that with BMW being a "car" company they're more "savvy" about building relationships.

Basic ideology is consider how much disposable income you have and decide what you want to spend it on.... be it cocaine, hookers or motorbikes :)

When I bought my F800GS new at £99 pcm, I would have been looking at a used bike but PCP allowed me to get a new one. Three years on BMW would like me to chop it in and continue paying £100 or so for another new one, I decided to flip it to HP and have paid more in interest but it suited my budget and in another couple of years will be mine :)
slparry wrote:
boxerscott wrote:With the increasing popularity of pcp bikes how much of an effect will this have on aftermarket parts sales? I sense from the mags I manage to get a look at that there seems to be an increase in advertising. I would have thought it a pointless exercise modding a bike that you may only be renting.


chris


if you extend the finance model Chris, people have been "renting" for years..... every time a bike was on finance of any version it was being rented …. logically any house with a mortgage was rented for 25 years.

There's equity in either model and it's the equity that's the factor for moving forward. I've noticed that Triumph and Ducati leave very little equity in their deals, leaving more affordable monthly payments. BMW tend to have higher monthly payments but more equity. My "slant" on it is that with BMW being a "car" company they're more "savvy" about building relationships.

Basic ideology is consider how much disposable income you have and decide what you want to spend it on.... be it cocaine, hookers or motorbikes :)

When I bought my F800GS new at £99 pcm, I would have been looking at a used bike but PCP allowed me to get a new one. Three years on BMW would like me to chop it in and continue paying £100 or so for another new one, I decided to flip it to HP and have paid more in interest but it suited my budget and in another couple of years will be mine :)
Point well made Steve, that`s ok if you plan to keep the bike and make the bubble but why would you spend on billy whizz or bazzaz stuff if you are not? aftermarket biz must be suffering on new pcp market?
You`ll never watch your life slide out of view? then drink and dance and .... :)

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Re: PCP / aftermarket parts

Postby slparry » Sat Dec 21, 2019 9:09 am

Not really Chris, many customers add upgrades/bling to their bikes and either transfer it to the new bike (many GS owners for example have another GS as there's little competition). We often have to include transferring bits over as part of the deal.

Other times people either leave the bits on or take them off and sell them on eBay, same as with any other finance model.
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Re: PCP / aftermarket parts

Postby boxerscott » Sun Dec 22, 2019 11:23 pm

slparry wrote:Not really Chris, many customers add upgrades/bling to their bikes and either transfer it to the new bike (many GS owners for example have another GS as there's little competition). We often have to include transferring bits over as part of the deal.

Other times people either leave the bits on or take them off and sell them on eBay, same as with any other finance model.


I would suspect then that most people contract with the intention of making the balloon payment?

However doing your job enthusiastically then the customer gets a call before the lease term ends offering them a deal they can not refuse on the latest model ? Surely you will have a small percentage of interesting tales to tell of handbacks that have been.. err... modded outwith the scope of reasonability?

Please tell :wink:
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Re: PCP / aftermarket parts

Postby andy griff » Mon Dec 23, 2019 12:08 am

I'm on my second PCP R1200RS and took a number of aftermarket bits from bike #1 to #2. I'm now approaching the end of my #2 deal and considering what to do. Part of my calculations will be the 'equity' piece and whether I buy my current bike outright or start again. I was pretty clear when I started using PCP that I was happy to run a new bike every 2-3 years and it worked like a dream when I did my first changeover - using a bit of knowledge of sales targets and quarters I secured a really good changeover deal; meaning I have been riding bikes with a full warranty and breakdown for the same monthly fee since 2015. But, the absolutely sh**e colour options on the new 1250 RS has put a spanner in the works.
Trouble is, if I 'buy' my RS now I now I know I will get a poor trade in if I try and go back next year when ( hopefully) the colour options are a tad more interesting. Why? Well because the BMW people only have to look at their PCP live deals to more or less predict their steady supply of good second hand bikes. Ah, the first world problems of being a consumer.... :D

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Re: PCP / aftermarket parts

Postby ianc53 » Tue Dec 24, 2019 10:18 am

I'm with you on that one Andy

I was within £100 of agreeing a deal on a R1250RS Exclusive (..give me strength) but in the end I was so unenthusiastic about the prospect of owning such a terrible colour didn't bother going for it. I think I even prefer the yellow to the blue - but that's not saying much, it's an awful colour as well.
When they look at the poor sales figures for the 1250RS will BMW realise it was their colour schemes to blame, because it's a great bike beneath the skin.

Cheers

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Blue R100RS 1980
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Re: PCP / aftermarket parts

Postby andy griff » Tue Dec 24, 2019 4:40 pm

I'm with you and feel your pain.
I love my 1200RS , its a brilliant bike and I was/am really keen to explore an updated version... and would have done deal by now but for the colours.
The yellow is also a matt finish - nightmare to look after. The new F900XR is a gloss colour and I would buy the 1250 in that finish. I even considered painting a new bike, but how mad is that ?? :bounce:

I keep hoping for a Motorsport blue/red/white version .. well, it is Xmas.... :bigsmurf: :bigsmurf: :bigsmurf: :bigsmurf: :bigsmurf: :bigsmurf: :bigsmurf:

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Re: PCP / aftermarket parts

Postby boxerscott » Wed Dec 25, 2019 12:18 am

andy griff wrote: I even considered painting a new bike, but how mad is that ?? :bounce:

Err... ask Paul of this Parish. :wink:

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Re: PCP / aftermarket parts

Postby andy griff » Wed Dec 25, 2019 10:56 am

:D

But I think he did have it standard for a while before wanting to be a bit 'different' - the thought of going straight from the dealer to spray shop before first service , I had to have a strong word with myself ...

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Re: PCP / aftermarket parts

Postby slparry » Wed Dec 25, 2019 5:41 pm

boxerscott wrote:
slparry wrote:Not really Chris, many customers add upgrades/bling to their bikes and either transfer it to the new bike (many GS owners for example have another GS as there's little competition). We often have to include transferring bits over as part of the deal.

Other times people either leave the bits on or take them off and sell them on eBay, same as with any other finance model.


I would suspect then that most people contract with the intention of making the balloon payment?

However doing your job enthusiastically then the customer gets a call before the lease term ends offering them a deal they can not refuse on the latest model ? Surely you will have a small percentage of interesting tales to tell of handbacks that have been.. err... modded outwith the scope of reasonability?

Please tell :wink:



Jeepers no, most people don't contract with the intention of making the balloon payment (or even getting close to it). Normally people contract for 48 months but change at 24 or less.

We'll often call people with offers of the same bike as you've got now but new for the same PCM just another years contract
--
Steve Parry
“Never argue with a fool, onlookers may not be able to tell the difference.” ― Mark Twain

Current fleet: '14 F800GS, '87 R80RS, '03 R1100S BoxerCup, '15 R1200RT LE Dynamic, '90 K1


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