PCP Interest rates gone up

[Harji]

Hi

A couple of months ago , looking at some Kawasaki models and the new Suzuki GSX-S1000GT, pricing and configuring the interest rates were 5.9% and 2.9% respectively. Got my bike MOT'd and serviced on Friday and looking to sell on to one of the we buy any bike types, and looked today and both were 7.9%!
I'm not a PCP person but for this purchase I was looking to fund it this way, so had we had it good and 7.9 isn't bad?

[dibblecorse]

We have had it exceptionally good the last 15 years, that funding train has hit the buffers, cost of credit is only going one way and reduced stock means less discounting.

[Rob 131 Sport]

dibblecorse said:

We have had it exceptionally good the last 15 years, that funding train has hit the buffers, cost of credit is only going one way and reduced stock means less discounting.

Just save up whilst cumulating interest and then purchase. Continue to save for the next one and the only interest rate that will concern you is what your receiving on your savings.