IF YOU SKIP LUNCH CAN YOU AFFORD TO RIDE A NEW BIKE? SUZUKI THINK SO…

Suzuki SVF650 Suzuki’s recently launched online finance calculator has left more than a few customers looking closely into the affordability of a new Suzuki, as the new calculator demonstrates that for the same cost as a high street bought lunch (sandwich, bottle of drink and a snack), you could actually be riding around on a  brand new Suzuki motorcycle.

Bold claim or not, the online finance calculator enables customers to set the deposit, terms, and mileage to their own requirements and on a Personal Contract Purchase (PCP), a brand new V-Storm 650 with just a £1500 deposit and an annual mileage of 5,000 miles would be available with monthly payments of just £112. Consider that a typical lunch could cost you £4 per day.

Suzuki GB’s Paul de Lusignan explained, “The calculator was launched because we believe that there are still preconceived views on finance deals. APR is the main figure many consider, but in reality it’s the affordability that truly matters to customers. As our online calculator shows, there’s much more to finance than APR.

“While you can select a conventional Hire Purchase deal, we are seeing more riders choose PCP deals, simply because it offers them greater affordability and the ability to change their machines more regularly, whilst fully aware of the overall costs. The fact that just a £1500 deposit and a monthly payment equivalent to the daily cost of a high street bought lunch is enough to fund a new V-Strom is a great indication of this.”

Representative Example:
Model: V-Strom 650 ABS on Suzuki Rider Plan (PCP)
OTR Price: £7,032.00
Deposit: £1,500.00
Total amount of credit: £5,532.00
Interest payable: £1,066.20
Fees payable: £0
Total amount payable: £8,098.20
1 payment of: £112.02
34 payments of: £112.02
1 final payment of (GFV)*: £2,677.50
%APR Representative: 8.9%
Rate of interest: 4.52% Fixed
Annual Mileage: 5,000 miles
Annual excess mileage charge: 10p per mile

And on Suzuki’s latest £800 Cash Back offer it’s actually possible to ride the award-winning SFV650 away from an authorised Suzuki dealer without putting a penny down, and with a monthly payment of less than £100** over three years.

To put the online finance calculator to the test, go to www.suzuki-gb.co.uk and visit the ‘bikes’ section.

Terms & Conditions: Finance is subject to status and available through Close Motor Finance, a trading style of Close Brothers Limited, Roman House, Roman Road, Doncaster DN4 5EZ. Terms and conditions apply to residents of the UK and Channel Islands aged 18 years or older. Indemnities may be required. *Guaranteed Future Value (GFV) is an optional final payment if you wish to own the vehicle at the end of the agreement and applies to Suzuki Riderplan only.

** Based on a cost price of £5832, deposit £800 (cash back), 35 payments of £99.55, followed by a final payment (GFV) of £2528.75., Total amount payable £6813. Annual mileage 5000.

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