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0% APR available on new GSX-R motorcycles | Has Suzuki gone mad?

Suzuki is offering an impressive 0% APR deal on their entire GSX-R range of motorcycles, which includes the GSX-R1000 and GSX-R125.

No, Suzuki hasn’t gone mad, although it’s no secret that Suzuki’s aren’t selling as well as other Japanese motorcycles - in the UK at least. But, that’s not to say they don’t make some very capable machines. To help them shift some motorbikes out of the door, Suzuki has a mental deal on GSX-R’s and low APR finance deals on other motorcycles models within their range. For now, let's start with the GSX-R1000.

What is PCP? 

PCP is a finance agreement between yourself and the dealership, meaning in essence you are renting the bike from them during the agreed payment period. At the end of a PCP agreement, you’ll have to the opportunity to either pay the outstanding amount owed - by paying off in full or refinancing - or you can trade the bike in and get a brand new ride. It’s not as scary as it sounds, and the dealer must explain how to stick to the agreement because they are regulated by the FCA (Financial Conduct Authority). 

The alternative, HP finance - which has higher repayments - doesn’t require a lump sum to be paid at the end. As soon as you leave the dealership you own the bike. No need to take it back to them to service every year in order to stick with the PCP agreement. The bike is yours, and you can do with it as you wish. So long as you pay the finance off of course…  

Example PCP deal on 2019 GSX-R1000   

Using the Suzuki finance calculator, if you put that you’ll ride 4000 miles per year and are willing to put down a £1000 deposit here’s what you’ll pay across a 3 year PCP deal. 



£180.8135 MONTHLY PAYMENTS

0% ANNUAL PERCENTAGE RATE

£14,345.00TOTAL AMOUNT PAYABLE

First payment

£180.65

35 monthly payments

£180.81

Optional final payment

£6,836.00

Cash Price Includes VED and First Registration fee

£14,345.00

Deposit

£1,000

Total amount of credit

£13,345.00

Total amount payable

£14,345.00

Duration of agreement

37 months

Annual Percentage Rate

0%

Finance Type

PCP

To have a brand new GSX-R1000 in your garage for £180.65 per month is friggin’ mega. Although you might need to get a smaller slip-on can fitted at the dealer before you ride it away...

If your parameters are different from the example above, why not give it a go for yourself? There’s plenty of other Suzuki’s with APR as low as 2% if you didn’t fancy a GSXR. 

Click here for the Suzuki finance calculator.

Example PCP deal on 2019 GSX-R125

With the GSXR 750 and 600 no longer in production, the next model in the GSX-R range is the 125… That’s quite a gap, but regardless the same 0% PCP offer stands + with a £250 deposit contribution. To quote Asda price ‘‘every little helps’’.

With all of the same parameters as the last example here’s what you’ll pay for a brand new GSX-R125 on PCP.



£47.9235 MONTHLY PAYMENTS

0%ANNUAL PERCENTAGE RATE

£4,374.00TOTAL AMOUNT PAYABLE

First payment

£47.80

35 monthly payments

£47.92

Optional final payment

£1,649.00

Cash Price Includes VED and First Registration fee

£4,374.00

Deposit

£1,000

Total amount of credit

£3,374.00

Total amount payable

£4,374.00

Duration of agreement

37 months

Annual Percentage Rate

0%

Finance Type

PCP

Under £50 quid a month! From my time working at a motorcycle dealer I’ve never seen anything of the sort. And this is a capable little motorcycle comes with a 3-year warranty in case things go Pete Tong. Maybe Suzuki has gone mad? Because these deals are ridiculously affordable.

Click here for the Suzuki finance calculator.

Comments

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