Moto Guzzi Performance Credit?

[usedtobefast]

What exactly is this?

I see it is part of their promotions ... like buy a particular bike and get a $1250 Performance Credit ... so how's that work?

I've had similar things with other manufactures in the past ... with one, it was Kawasaki, and it was only good for Kawasaki branded items at full price, like OEM parts, or a Kawasaki jacket, etc.
With a Yamaha purchase, I got some sort of Yamaha card with $500 on it ... and oddly enough, you could just use it as a debit card, buy anything you want with it.

Anyone know how the MG one works?

[QuickLime]

What exactly is this?

I see it is part of their promotions ... like buy a particular bike and get a $1250 Performance Credit ... so how's that work?

I've had similar things with other manufactures in the past ... with one, it was Kawasaki, and it was only good for Kawasaki branded items at full price, like OEM parts, or a Kawasaki jacket, etc.
With a Yamaha purchase, I got some sort of Yamaha card with $500 on it ... and oddly enough, you could just use it as a debit card, buy anything you want with it.

Anyone know how the MG one works?

My experience with the MG performance credit was that it was just a discount taken off the MSRP of the bike. In my dealer's case, the list price reflected the MSRP minus the performance credit.

[Perazzimx14]

I gimmick to make it seem like they are giving you something for nothing while potentially getting you to spend more money.

It's like trade in value. They can give you more than you trade-in is worth but you buy their bike at or over MSRP. Or you can get less for you trade-in and pay under MSRP for the bike.

In every instance all it boils down to is the final number the right hand lower corner of the sales agreement. I don't care how the dealer get to this number but the only number care about. I do not care about loan term, interest rate, rebates, incentives, trade-in just tell me the OTD price and I'll take it from there.

[twowheeladdict]

It is just another way of saying factory rebate.  You are still paying the dealer negotiated price, but then the factory is kicking in some of the money.  This way you still pay sales taxes on the Performance Credit. 

On the flip side if you have less depreciation after the purchase.

[azccj]

Last year in April when I bought my 2022 V85tt Travel, MG offered the same Performance Credit + the cheap financing + I got the $500 military discount. Now if you want a non-current year Guzzi you have to choose between the Performance Credit or the cheap financing. Maybe in a few months you might be able to get both if you intend to finance the bike. In the end concerning the price of the bike, what matters is the out the door price. I have always been able to buy new bikes for an out the door price lower than the MSRP, sometimes a few $1,000 below MSRP. Which I consider a good price considering how much sales tax and registration fees we in AZ get charged and which get added into that OTD price. I also try to buy new bikes from small shops that sell just 1 or 2 brands as I find they don't charge the outrages fees that the big multi multi brand dealerships do.

2 weeks ago I bought my girlfriend a 2022 Vespa GTS 300 off Craigslist locally. The scoot had less than 800 miles on it and was bought new just 13 months earlier by the very nice 86 year old guy I bought it from. I have the original bill of sale which shows he bought it new with 6 miles on it, at GO AZ Motorcycles, which is the local big dealership that sells just about every European brand MC . Now the MSRP on that Vespa according to Motorcycle.com was $7,099, and his OTD price ended up at $11,161, before his trade in. They only give him $3,500 in trade for his 1 year old 2021 Vespa Primavera 150 with 1200 miles on it, which again according to Motorcycle.com, had a MSRP of $5,349. This poor old guy got screwed every which way. They tacked on a $1,050 freight charge, a $895 handling charge, a $495 dealer DOC charge and talked him into a $1,161 service contract. But hey they did knock $125 off the MSRP of the GTS 300 before they raped him on the price coming and going.

This is the same dealership a few years ago I went to look at a new KTM 390 Adventure which had a $6,200 MSRP. They wanted over $9,100 OTD for the bike. I laughed and (WOTD) walked out the door. As far as I'm concerned dealerships like these do have their uses. When I need valve shims for my BMW or other European parts and don't want to wait to get the parts cheaper from an online source, I will drive to Go AZ and buy what I need. But buying a new bike from them is out of the question.

[kingoffleece]

I read the small print.  The performance credit functions the same as a rebate.  I don't see anything untoward there at all.