I’ve a lot of years in banking and finance lending including motor vehicle financing. Looks like a bit of a quirk - the list price has been discounted down to £12,479 to almost cover the anticipated depreciation after 24 months and I’m guessing it’s assuming it’s a new or newly registered bike. On all PCP agreements there will be requirements for a certain mileage and condition at the end of the agreement (2 years) to be met and an excess mileage charge made if you go over the limit and you’ll also be responsible for any repairs for anything not considered fair wear and tear. Check the definitions of fair wear and tear and keep these handy for when you hand it back. This agreement is also interest free which means the dealer or manufacturer has paid interest to the lender to provide this facility. I’d say this contract is exceptional value for the buyer and must be designed to shift some stock. I’m also guessing it will be withdrawn as soon as they’ve shifted the stock they want to shift and then it will be gone - so anyone interested should get in fast.
Finace isn't for me. I find it stressful. Limited mileage, they check for issues when you hand it back etc. and not actually owning the thing and using it, essentially, as a hire hike - if I were hiring I'd want flexibility...say a sport's tourer for weekends away, a retro for Sunday morning blasts, maybe even a maxi scooter for commutes (and because I've never tried one, lol). If I had limited funds I would shop accordingly or save up for the bike I wanted (as my son is now). We're all different though. Nice video, I enjoyed it all none the less and those Nortons look amazing.
Wow - if you did have £13500 to spend on one of these, and instead put the money into an ISA , you’d get more in interest than what you’re spending on hp. -Free bike !
That’s an incredible deal !! The £69 offer seams to be still on at a couple of dealers, would never have known. Limited to 2k miles per year so no big trips, but for a sunny Sunday or as a second bike this is perfect.
I spoke to the salesman down the new Plymouth Norton dealer last week 69 down and £69 a month for 2 years limit to 2000 miles a year not a problem I have 3 other bikes an old kettle and a z1 and a street triple rs I think I need to get down there and have a chat seems too good to be true but so far it all seems legit that £20 deal is an absolute gift 👍
Great deal I popped into Judd over Christmas and put a deposit down on a black one on the Christmas deal of £69 0% and £3500 off list Just waiting now on when I can collect it
Hi Matt, just found your channel, what an amazing deal on the Norton, I didn't know such deals existed , I used to run round on elderly Hondas many years ago, could only dream that bikes like this would be this cheap.
So just heard no more deals as of today, they sold hundreds I imagine. I just received mine, wow what a bike!! The sound and smell are like my old 1970's Hondas CB750. It's stunning.
Got the CR yesterday to pick up on 21st. They’ve pulled the deal now because they’ve shifted so so many. So glad I managed to bag one, this is once in a lifetime stuff for such an expensive bike.
2000 miles a year? So if you need a motorbike, this PCP is useless. It's just a scheme to make Norton sales look good and dump old stock, Norton will have to deal with the depreciation in 2 years when all these bikes are back in dealers, tbh seems like they're counting on inflation making 13k for a bike with 5k miles on it look like a good deal down the line.
Ford had a similar deal back in the 90s. I had a V6 Probe for 2 years for £99 per month and handed it back at the end. But the deposit was about a grand.
I wouldn't enjoy a bike much if i didn't own it. But getting the use of the Norton for 2 years for only £500 would be very appealing especially when i already own a bike
That’s almost giving them away. Fabulous for you but it must have implications for those who’ve already bought and are invested in them. Never ever seen such a thing in 30 odd years.
well, this popped up on my recommends as insomnia is messing with me at 4.30am and my jaw dropped at how little you are paying. interesting stuff...subbed.
Well done , that’s an awesome deal , I’m well jealous, however I do fear for manufacturers like Norton. The price of this bike has dropped and after riding it myself I wouldn’t touch it unless you are fortunate enough to enough to get a silly deal.
The 2000 miles per year limit will put many people off. You could rub a lot of that off on a single continental tour. As a Sunday pose it makes sense, but doesn't bode well for Norton residuals when a bunch of used bikes come on the market in a couple of years. Not sure if it smacks of desperation or cheap PCP is the future of motorcycle ownership?
This bike is a Sunday pose bike, not a long distance tourer. And yes, at the original RRP they won't sell as more people realise it's limited in it's uses.
Too tempting but in reality it is very restrictive. 2000 miles per year mileage limit is less than adequate to enjoy riding a bike like this, it would be sat in the garage most of the time while you ride something else ! The petrol would go stale in the tank while it was sitting there because I'd reach that limit in 10 rides, what would it do for the rest of the year ? Makes no sense, you are really just storing it for them with the option of riding it now and again and paying for the insurance on it !
Well done on getting this fantastic deal mate! But, They’re obviously doomed,,, sad but true. What part of that business model is remotely sustainable? Cracking looking bike too, such a shame…. Hey! I might be wrong, I have been once before.
Lovely bike, lovely engine, even if sometimes feels like two 350 bullets bolted together, gorgeous handling, best looking British bike ever. I had to sell mine as it was an early one with a lot of issues, lost a lot of money. Think you struck gold there.
@@thebrowns5337 Well I can only offer my experience of 49 years, at the same time I owned the 961 I had an Aprillia Tuono and a Ducati Supersport s. The Norton was just as confidence inspiring as the Italians. It's not quick steering, but its very majestic like an old fashioned Ducati SS900. Shame about the crankcase overpressurization and the crap design of the oil tank the catch box the breathing etc etc the list goes on.
Well that sounds almost too good to be true. I've subscribed just to find out if there turns out to be a catch and to see if the Norton stands up to the salty winter roads.
Turned up in my feed, I'd have one if I got that deal, us motorcyclist need to get political, but I can't see that happening it's time the media stopped being anti - 2 wheels, our future king is a fan of the 2 wheels
They could'nt deliver bikes to paying customers, then reliability was apalling, then customers cancelled their orders and now you can loan a bike for cheap, it looks like a desperate attempt for cash before final bankruptcy.
It’s normally a GFV a guaranteed final value. So it’s not going to change. In some ways in this instance it’s better to buy on pcp as u are protected money wise.
It wasn't an ex demo - someone had bought it, barely used it, and then circumstances changed requiring a bike he could actually do miles on. So he part-exed it for a KTM Super Adventure, of all things!
@@motorbikeswithmatt you're so lucky, that is a bargain of the century. I think dealers have been told not to do the 0% on anything other than new now or I could be wrong, a one off deal!
Guaranteed future value, so yeah, all good there. I might need to think about gap insurance in case something happens before the two years are up and the payout from the insurer isn't quite enough, though
all the best with this channel ,1 video 320 subs, but i dont think you need any luck, 🙏 im the one who needs all the luck i can get,😅, but anyway good for you ,🙏
Great video. Mines due on Wednesday, 69pm….more videos please I started the pistonheads thread seeking advice on this bike , then the offer popped up on my Facebook feed
I'll bet the £20 a month doesn't even cover the bikes depreciation over 2 years? Not sure how they can do this and make any money? Unless they're desperate to shift stock, and are prepared to take a loss, that is the only explanation.😊 Tempted to pop down myself, £5 a week doesn't get you much these days!! 😲😳🤔
Not sure how Norton are doing this. TVS spent millions on new factory. This will kill the second hand market and I've noticed on ebay most of the 2012/18 aren't selling.
I test rode the cafe racer one which I loved but my back hated. The SP model has ugly bars. So they need to make one with clip ons by risers on clip ons to keep the look
@@motorbikeswithmatt I test rode one back in Feb 23 and liked it, but didn't £17k like it. Apart from anything else I found the exhausts too loud. But at £20/£20 (or even £69/£69) I'd happily invest in heavier duty earplugs! Too many bikes in the garage at the moment so no space for one, unfortunately. Perhaps I'll pick up a 4,000 miler in 2027...
Your a natural for motorcycle videos, keep them going. P.S. I have also ordered a new Commando from Judd Racing, not such a bargain as yours but at £55 a month I am not complaining 😉
G’day bloke, interesting video mate. Keep em coming, I feel sure other like minded people will watch you. Take care, looking forward to seeing more from you 👍🏍😎
![Felix "Unfair" | [Stray Kids : SKZ-PLAYER]](http://i.ytimg.com/vi/Oswujxm2Ag0/mqdefault.jpg)
Came across this video by accident... cannot believe it ..
Good for you . I'll be no doubt online for the rest of the day looking now 😁
I’ve a lot of years in banking and finance lending including motor vehicle financing. Looks like a bit of a quirk - the list price has been discounted down to £12,479 to almost cover the anticipated depreciation after 24 months and I’m guessing it’s assuming it’s a new or newly registered bike. On all PCP agreements there will be requirements for a certain mileage and condition at the end of the agreement (2 years) to be met and an excess mileage charge made if you go over the limit and you’ll also be responsible for any repairs for anything not considered fair wear and tear. Check the definitions of fair wear and tear and keep these handy for when you hand it back. This agreement is also interest free which means the dealer or manufacturer has paid interest to the lender to provide this facility. I’d say this contract is exceptional value for the buyer and must be designed to shift some stock. I’m also guessing it will be withdrawn as soon as they’ve shifted the stock they want to shift and then it will be gone - so anyone interested should get in fast.
you're bang on, no bikes left now
Shame but expected 🤷♂️
@@deanharding740 it's a great deal, all gone now
Finace isn't for me. I find it stressful. Limited mileage, they check for issues when you hand it back etc. and not actually owning the thing and using it, essentially, as a hire hike - if I were hiring I'd want flexibility...say a sport's tourer for weekends away, a retro for Sunday morning blasts, maybe even a maxi scooter for commutes (and because I've never tried one, lol).
If I had limited funds I would shop accordingly or save up for the bike I wanted (as my son is now). We're all different though.
Nice video, I enjoyed it all none the less and those Nortons look amazing.
Wow - if you did have £13500 to spend on one of these, and instead put the money into an ISA , you’d get more in interest than what you’re spending on hp. -Free bike !
I can only imagine that Norton are not selling many bikes for deals like that to be available
Congratulations Matt, wishing you lovely riding for the next couple of years, best greetings from Germany,
Sher 🏁
All the best with your new channel, that is an awesome deal.
That’s an incredible deal !! The £69 offer seams to be still on at a couple of dealers, would never have known. Limited to 2k miles per year so no big trips, but for a sunny Sunday or as a second bike this is perfect.
I spoke to the salesman down the new Plymouth Norton dealer last week 69 down and £69 a month for 2 years limit to 2000 miles a year not a problem I have 3 other bikes an old kettle and a z1 and a street triple rs I think I need to get down there and have a chat seems too good to be true but so far it all seems legit that £20 deal is an absolute gift 👍
You can always take the milometer sensor off to stop the mileage going up 😂
Great deal
I popped into Judd over Christmas and put a deposit down on a black one on the Christmas deal of £69 0% and £3500 off list
Just waiting now on when I can collect it
If I didn't already struggle to get 1 bike out of the garage reliably I would be all over this.
Judd, what a dealership, Norton, and KTM. I wonder how much longer they will last?
If ever there was proof that Norton’s aren’t selling these deals are it!
I'd read the small print very carefully, especially on mileage and condition at end of the deal.
very true
Congrats on not swearing when the people carrier pulled out of that lay-by.
Can you simply take it back at 1,990 miles in six months time and just walk away? That would be pretty epic.
Great Deal
Make sure you clean the bike with hot soapy wash and pay attention to the wheels after use because of the salt on the roads .
👍
hot water activates salt, best snow foam cold and blow dry
Hi Matt, just found your channel, what an amazing deal on the Norton, I didn't know such deals existed , I used to run round on elderly Hondas many years ago, could only dream that bikes like this would be this cheap.
So just heard no more deals as of today, they sold hundreds I imagine. I just received mine, wow what a bike!! The sound and smell are like my old 1970's Hondas CB750. It's stunning.
Wow that's amazing to hear and hope it gets a few more people taking the offer up,,☘️☘️☘️ from northern Ireland
Got the CR yesterday to pick up on 21st. They’ve pulled the deal now because they’ve shifted so so many. So glad I managed to bag one, this is once in a lifetime stuff for such an expensive bike.
2000 miles a year? So if you need a motorbike, this PCP is useless. It's just a scheme to make Norton sales look good and dump old stock, Norton will have to deal with the depreciation in 2 years when all these bikes are back in dealers, tbh seems like they're counting on inflation making 13k for a bike with 5k miles on it look like a good deal down the line.
Fellow rider here that does videos. Love first vid and subscribed. I owned a 74, tested one last year for the channel. Very tempted now!
Thanks mate! Just subbed to yours and I'll watch your video in a bit 👍
It'll be interesting to see where the catch is.
There will be one.
Dealer servicing prices and small print probably.
There will be a requirement to keep servicing up to date yes.
250 each, 2 required in term
What a deal!! Bit of a psychological barrier to get over - I'd fret about dropping it, because it isn't "mine" but for £20 I'd try to get over that.
That's a crazy deal, nice one fella !!
Ford had a similar deal back in the 90s. I had a V6 Probe for 2 years for £99 per month and handed it back at the end. But the deposit was about a grand.
Wow! I’m not a pcp kind of person but, thats a deal you can’t pass on!!!
I wouldn't enjoy a bike much if i didn't own it. But getting the use of the Norton for 2 years for only £500 would be very appealing especially when i already own a bike
That’s almost giving them away. Fabulous for you but it must have implications for those who’ve already bought and are invested in them. Never ever seen such a thing in 30 odd years.
well, this popped up on my recommends as insomnia is messing with me at 4.30am and my jaw dropped at how little you are paying. interesting stuff...subbed.
Surprised this didn't send you back to sleep 😂
But cheers - more vids to come on this and the cheap snotters I mentioned...
That is an outstanding deal. Good for you. I would have done it too. Even at £69. A Norton for the price of a piss up. Happy flipping days.
OMG , that cant be beaten , enjoy the bike for two years , hand it back , what an opportunity
Well done , that’s an awesome deal ,
I’m well jealous, however I do fear for manufacturers like Norton. The price of this bike has dropped and after riding it myself I wouldn’t touch it unless you are fortunate enough to enough to get a silly deal.
Deal pulled by Norton yesterday
is this gonna end in tears?
Congratulations, what a deal
South Downs MC are doing the SP/CR & LE for 0% deposit and £69 pm - SP and £90 pm - CR
Crazy if you already have one of these.
The 2000 miles per year limit will put many people off. You could rub a lot of that off on a single continental tour. As a Sunday pose it makes sense, but doesn't bode well for Norton residuals when a bunch of used bikes come on the market in a couple of years. Not sure if it smacks of desperation or cheap PCP is the future of motorcycle ownership?
0.10 p/m overs
This bike is a Sunday pose bike, not a long distance tourer. And yes, at the original RRP they won't sell as more people realise it's limited in it's uses.
@@thebrowns5337 🙂Damm, I thought it was the new Goldwing. Must return mine now...
You have still spent a great deal of money for a 1930s motor complete with pushrods.
That is absolutely insane! Well done
What about the insurance? Is it any more expensive than if you had own the bike? Plus is there a millage limit?
Too tempting but in reality it is very restrictive.
2000 miles per year mileage limit is less than adequate to enjoy riding a bike like this, it would be sat in the garage most of the time while you ride something else ! The petrol would go stale in the tank while it was sitting there because I'd reach that limit in 10 rides, what would it do for the rest of the year ?
Makes no sense, you are really just storing it for them with the option of riding it now and again and paying for the insurance on it !
3000 and 4000 options were available for pennies more, or you could pay 0.10 penalty/mile = only £100 for extra 1000 miles.
Oakmere are five miles down the road from me and have one with similar miles on it...... thinking.....😀
Well done on getting this fantastic deal mate!
But, They’re obviously doomed,,, sad but true. What part of that business model is remotely sustainable?
Cracking looking bike too, such a shame…. Hey! I might be wrong, I have been once before.
what and no extra charges? miles, wear, no deposit worth mentioning..... i thought all pcp had to take a large deposit this is nuts in a great way
congratulations.. 🎉.. lucky lad ! cheers 🍻
That’s an unbelievable deal. Congrats on your new purchase!
My local dealer has the £69 deposit and £54 per month deal available. I’m very tempted!!!
@@saintstevedo it!
@@motorbikeswithmatt phoned up this morning to order and the deal has ended. Oh well, never mind ☹️
Crazy deal. Nothing like that in Australia.
Can we hear more about the cheese?
300g of provolone, sliced (for Philly cheesesteak)
Lovely bike, lovely engine, even if sometimes feels like two 350 bullets bolted together, gorgeous handling, best looking British bike ever. I had to sell mine as it was an early one with a lot of issues, lost a lot of money. Think you struck gold there.
I agree on the looks but Ive heard lots of owners/reviewers not impressed by the handling?
@@thebrowns5337 Well I can only offer my experience of 49 years, at the same time I owned the 961 I had an Aprillia Tuono
and a Ducati Supersport s. The Norton was just as confidence inspiring as the Italians.
It's not quick steering, but its very majestic like an old fashioned Ducati SS900.
Shame about the crankcase overpressurization and the crap design of the oil tank the catch box the breathing etc etc the list goes on.
Ummm, sounds good but I don’t think it will end well in 2 years .. interesting video to follow in 2 years when they want the bike back and £10k
Makes me wish they sold them in the US with deals like that.
I owned 2 of the old 850s, a 73 and a 75. I have been wondering how well these performed overall.
I did the same myself although that £20 per month deal is a rare gem 💎
More video's about Norton's and Cheese please. Subscribed! 👍🏻
Yes please keep the videos coming you are very good
Guessing there is a fairly low mileage cap?
Yes do make more videos
Well that sounds almost too good to be true.
I've subscribed just to find out if there turns out to be a catch and to see if the Norton stands up to the salty winter roads.
Soooo envious!
Can’t get my heat around it but well done
Madness! Well done you though
Turned up in my feed, I'd have one if I got that deal, us motorcyclist need to get political, but I can't see that happening it's time the media stopped being anti - 2 wheels, our future king is a fan of the 2 wheels
insane… now i want to lease
I thought the £69 deal was pretty tempting, but Wow !
They could'nt deliver bikes to paying customers, then reliability was apalling, then customers cancelled their orders and now you can loan a bike for cheap, it looks like a desperate attempt for cash before final bankruptcy.
What happens if it is accidentally dropped though? Or stolen in London
You'll want insurance and potentially gap insurance.
If something is too good to be true , it usually is.
Lucky. Amazing deal.
Do you have gap insurance for the balloon payment in case the bike is valued less than the agreement or is that not a problem?
It’s normally a GFV a guaranteed final value. So it’s not going to change. In some ways in this instance it’s better to buy on pcp as u are protected money wise.
Just hand it back
You may as well have won it !! Not even available here in the States.
If I had bought one for cash i'd be really pissed off now, it's second hand value will be SHXX
I asked my dealer about this, says there is no 0% on the demos. How did you get the deal structured?
It wasn't an ex demo - someone had bought it, barely used it, and then circumstances changed requiring a bike he could actually do miles on. So he part-exed it for a KTM Super Adventure, of all things!
@@motorbikeswithmatt you're so lucky, that is a bargain of the century. I think dealers have been told not to do the 0% on anything other than new now or I could be wrong, a one off deal!
Do they guarantee the value of bike after two years so it covers the final balloon payment with no negative equity?
PCP is normally set with a GFV a guaranteed final value. So all good
Guaranteed future value, so yeah, all good there. I might need to think about gap insurance in case something happens before the two years are up and the payout from the insurer isn't quite enough, though
all the best with this channel ,1 video 320 subs, but i dont think you need any luck, 🙏 im the one who needs all the luck i can get,😅, but anyway good for you ,🙏
Great video. Mines due on Wednesday, 69pm….more videos please
I started the pistonheads thread seeking advice on this bike , then the offer popped up on my Facebook feed
Can you disconnect the speedo?😉
No
It's electronic
No
It's electronic
What is the mileage restriction ?
He said 2000 miles a year
Must be worth say 8k in two years if still nice? Drop 4k. Surely not just rent it for that? Must be small print.
12k to buy or hand back, no small print issues I could see
No brainer! Wonder how much it will be worth in 2 years?
It doesn't matter, you hand it back
Cracking deal
I’ll take one of those…
I'll bet the £20 a month doesn't even cover the bikes depreciation over 2 years?
Not sure how they can do this and make any money?
Unless they're desperate to shift stock, and are prepared to take a loss, that is the only explanation.😊
Tempted to pop down myself, £5 a week doesn't get you much these days!! 😲😳🤔
Think my post was removed. I had exactly the same deal with Judd. Best do my own channel.....
new sub 🙏
I got mine 69/69. Brand new, delighted!
Hand it back after two years and offer them £6000 for it cos that's what it will be worth.
Not sure how Norton are doing this.
TVS spent millions on new factory.
This will kill the second hand market and I've noticed on ebay most of the 2012/18 aren't selling.
new bikes coming out, us market so will be a great way to clear stock
Hardly anything is selling at the moment, Norton or otherwise.
"IRL"? Because it is quicker than saying "in real life"? 🙄
didn't know you could get a PCP deal on a used bike??
Yes you can. I pay £40pm for my trident - 2 years old when I got it
I test rode the cafe racer one which I loved but my back hated.
The SP model has ugly bars.
So they need to make one with clip ons by risers on clip ons to keep the look
You jammy mofo! Good on you. 👍
Astonishing bargain. Don't understand it, but would be daft not to take it
It's mad enough on the £69 deal! I was already committed on that tbh, but the used bike made it even more of a no-brainer
@@motorbikeswithmatt I test rode one back in Feb 23 and liked it, but didn't £17k like it. Apart from anything else I found the exhausts too loud. But at £20/£20 (or even £69/£69) I'd happily invest in heavier duty earplugs!
Too many bikes in the garage at the moment so no space for one, unfortunately. Perhaps I'll pick up a 4,000 miler in 2027...
Your a natural for motorcycle videos, keep them going. P.S. I have also ordered a new Commando from Judd Racing, not such a bargain as yours but at £55 a month I am not complaining 😉
So you're renting/hiring a motorbike...
@@iangeorge8177 Put it in the living room...
Insanely cheap! Here from PH..
Save 6k for two years and buy it, intrest fee sale
If I was British?....
eh heres 40 get me 2
It’s ugly
G’day bloke, interesting video mate. Keep em coming, I feel sure other like minded people will watch you. Take care, looking forward to seeing more from you 👍🏍😎
Thanks very much - really appreciate it. More to come!