PCP deals for motorbikes?

[CPC]

Just interested in who has bought or is looking into a bike PCP deal

I am tempted by Triumphs PCP deal on a new Street Triple R, just wondered who has bought this way and any major pitfalls?

In the past i have bought bikes outright, but due to buying a house last year im not really in that position anymore?

Over 3 years you can cover 18500 miles, need a £1470 deposit ( sale of my current SV650 will cover this) then £105 per month?

Thanks

[CPC]

Thanks for all the input guys. This is just a idea

I can buy say a 18 month old bike outright but would rather keep that money for a rainy day or if the boiler blows up etc! I was basically looking at this just needing to do 2 extra deals at work per month would pay the monthly PCP figure, as what I do is commission based and a affordable way to have a nice new bike.

other than my mortgage I have never had any form of credit/loans etc so gaining information on these deals

Edited by CPC on Thursday 6th March 20:54