Ducati Premier was modeled after BMW Easy Ride, so it's a similar program. There's no free lunch in this world, everyone should choose the program that best fits their financial need. 1 SIC DUK you are correct that the primary benefit is a lower monthly payment, that's really the only reason the program exists, and it's something that a lot of Ducati buyers have been asking for for a long time. It's NOT a good choice for every buyer, just as choosing to lease vs. buy a car is not the best choice for everyone. But for some, it's a GREAT program, so you have to make your own choices. Mark is correct that at the end of the program term you have a balance due on the bike, which you either need to pay off, refinance it, or trade the bike in. It's truly "balloon payment" financing, not a lease. It's pretty much impossible to have a true "lease" on a motorcycle, since there is not a well-defined residual value driven by the market and there is so much variability in mileage and condition on a used motorcycle vs. a car. So the way this works, is let's say you buy a new Panigale for $20,000 with $0 down on a 3-year Ducati Premier loan. There is a stated balloon balance left at the end of the 36-month term of let's just say $10,000. So for 3 years, you will have paid 36 payments of principal balance on the loan, plus interest. Let's say that payment is $300/month (vs. maybe $450/month on a traditional 5-year loan). So you have the bike for 3 years and at the end of that 3-year term the balance of $10,000 is due. Here are your choices:
1) You hit a big scratch-off ticket at the gas station for $10,000, so you write Ducati Premier a check for $10,000 and keep on riding.
2) Scratch-off ticket didn't pan out, but you still want to keep the bike so you return to the dealership (or your bank, whatever) and you get a new loan for $10,000 for another 2-3 years or whatever term you want, and you continue to make payments.
3) You decide you have had enough fun on the Panigale and it's time to trade it in on a new XDiavel. At that point, it's just like trading in a bike that you have a normal loan on, there's a payoff due of $10,000 and your trade-in value is determined by the dealer you're trading it in to, and you either have positive or negative equity (same as a normal loan) and that is rolled into the deal on the new bike.
That's pretty much it, really it's just another option which is never a bad thing to have, and for some people this program will allow them to get into the bike they want for a lower payment.
lol that is so liberal of you everyone has to do things your way or they are dumb ..... lol very very liberal of you.
