RE: how did you ppl pay for your bike?
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RE: how did you ppl pay for your bike? - 6/10/2007 10:38:14 PM
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transambird_2000
Posts: 329
Joined: 3/9/2005
Status: offline
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had most in cash borrowed about 1500 from Mom and Dad paid them back in 2 months.
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RE: how did you ppl pay for your bike? - 6/10/2007 10:56:38 PM
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XcesiveSlyd
Posts: 79
Joined: 10/3/2006
Status: offline
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 coke. naw jus kidding. Cash also.
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RE: how did you ppl pay for your bike? - 6/11/2007 1:54:16 AM
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ynks4evr
Posts: 324
Joined: 5/9/2007
From: neptune, nj
Status: offline
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cash, saving about $1500 a yr in insurance vs. financed not to mention with the interest payments ure paying MORE for the bike. So if its possible to save the cash and buy it that way... save the cash haha
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95 f3
Yoshi slip-on
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RE: how did you ppl pay for your bike? - 6/11/2007 2:58:04 AM
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TennesseeCBRF2
Posts: 1386
Joined: 8/19/2006
Status: offline
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I like to keep liquid assets around the house that I know I can sell easily. For instance, I sold 2 of my guitars in 3 days to get the scrape to buy my bike. Paid cash.
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1993 600F2
Full F4i bodywork and gauges
D&D slip-on
K&N filter
DynoJet Stage 1
Vortex sprockets
SS braided lines front and rear
Shorty Pazzo levers
Hotbodies undertail
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RE: how did you ppl pay for your bike? - 6/12/2007 1:36:22 AM
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catamayo85
Posts: 2518
Joined: 12/22/2006
From: Schaumburg, IL
Status: offline
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won the dough playing poker baby!!!
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RE: how did you ppl pay for your bike? - 6/12/2007 1:53:20 PM
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900RR Puzzle
Posts: 261
Joined: 5/22/2006
From: Clearwater, FL
Status: offline
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Cash, but my 900RR was really cheap. It was completely disassembled.
I you have the means to pay cash, in a few weeks, be patient and wait a few weeks. It's worth it to not have to worry about making a payment and hassling with the loan thing, unless you are looking to build up some credit. You'll just pay more for it in the long run.
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900RR Puzzle
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RE: how did you ppl pay for your bike? - 6/12/2007 1:56:47 PM
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rmr1923
Posts: 191
Joined: 5/27/2007
From: America, F*** Yeah!
Status: offline
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look at it from a cost/benefit standpoint. given what you've told us, you should have no problem putting some cash back from your paychecks to pay for the bike without financing it. interest rates on used bikes are pretty high, i've seen some as low as 9%, others as high as 12%. this means that if you take out a 5 year loan on a bike that costs, say, $5000, you'll be paying between $1200 and $1600 in interest alone (might as well just save that extra money and get a 954RR, right?). the benefit of this is that you can take the bike home today, but is it worth the extra cost? if you can deal with waiting a while to buy the bike, your best bet is to just save up cash. put a little bit from each paycheck into a savings account. it won't gain a whole lot of interest, but you'll be saving yourself $1200-$1600 that you would otherwise have to pay in interest on a loan.
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