It's good to hear that they are selling well Mike.
I know that creative finance packages make expensive cars and bikes affordable for many on a monthly basis and that is to be applauded for lots of reasons. I've been tempted by them myself. My objection to them is that in the long term, they are the most expensive way to own a vehicle. Essentially, all these Personal Contract Plans, leasing deals and so on are structured so that the customer is paying the depreciation when it is highest, for the first three years. At the end, people have very little or no equity in the vehicle. They are forced to pay a substantial balloon payment to keep the vehicle, or sign up to another three year contract. Most do the latter because the lure of a new vehicle is powerful and they don't have the money. It locks them into a cycle of paying top dollar for the privilege of owning a new vehicle every three years.
That's why I think they're evil. Just like a lot of financial products.
Are you still happy with your current scooter Mike? If you had bought it outright, would you be thinking of buying a new one next year? I know we're talking EV's and things are progressing at a fast pace, which makes it a bit different. However, if the bike is still serving it's purpose, I'm sure there must be at least another five years of use left in it.
I wish I had the discipline to save up and pay cash for everything, but I don't. I do go for vehicle loans though, so at least I own the thing at the end and can enjoy a few years of much cheaper motoring once the payments stop. In theory. Difficult in the bike world though as we like to change bikes often.
I'd love to know others' thoughts on this, even though I may be veering off topic a little.