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Old 05-21-2013, 12:55 PM   #41
IrvGotti421
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i got approved through capital one as the lien holder but everythign was done through the dealership
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Old 05-21-2013, 01:07 PM   #42
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Quote:
Originally Posted by chriscole View Post
Thanks guy I hadn't researched title loans at all so it was just an idea. I really just wanna build credit and figured doing in a way that gets me something I want would be good. But guess ill do what everyone else does and get a credit card haha
STUPID terms to payback (usually 30 days), stupid interest (especially once you miss the payback date).....stupid idea. (Personally, I've never used one, but I know it's a place I hope to never set foot in)

Title loans are there for people with no cash savings, no credit and no ability to get $$$ other than handing over a title to their one and only asset. Nothing good for your credit will come from a title loan spot.

Also, to avoid full comprehensive....the loan you get will have to be unsecured so a lien doesn't show up. I'm not sure how many people will loan 3k on good faith to someone with no credit. Buy used or keep saving is my advice. And if you wreck that bike with an unsecured loan with only liability, have fun paying off that loan when the bike is wrecked and no $$$ to repair.

Last edited by dbuck; 05-21-2013 at 01:12 PM.
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Old 05-21-2013, 02:22 PM   #43
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I financed my motorcycle ZX14. because I don't have credit, I pay 7000 as down payment.
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Old 05-21-2013, 02:45 PM   #44
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Haha well I'm def not doing that haha. 7000 I'm buying a used bike cash haha
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Old 05-21-2013, 05:33 PM   #45
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Buy a used 250/500/650r. Nobody wants them so they are cheap and insurance is 25% or less of what a SS costs. I paid $150/year for liability only when I first purchased my bike, to put things into perspective...I was 33 and had no accidents/1 ticket You'll have 1/2-2/3 the fun at 1/4 the price of a SS.

Title loans should not even be a consideration.
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Old 05-21-2013, 05:42 PM   #46
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I've had 4 600's. I want more power and I want a bigger bike. I'm 6'5 225 and finally ready for a big bike haha
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Old 05-21-2013, 06:29 PM   #47
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You want torque man, not hp. Check out an fz1, z1000 or a big twin like the sv1000.

I know they aren't as "cool" as a "big boy bike"- but they flat out BLOW AWAY 600s in terms of usable power. They make as much or more power than 1k supersport for the first 6k rpms anyways.

Believe me- I did the whole 600 supersport thing for years- ill never ride one of the street again. My speed triple is more fun than any bike I've ridden (including 1000cc supersports) and only costs $43/mo full coverage
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Old 05-21-2013, 06:33 PM   #48
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Also- did you ever change the gearing on your 600s? A 600 that's -1/+2 pulls a lot like a literbike.

But really, the whole SS frame/I4 powerband is the opposite of what a guy built like you wants. Even a busa/14 is going to be a bit cramped
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Old 05-21-2013, 06:44 PM   #49
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Quote:
Originally Posted by ormand View Post
Buy a used 250/500/650r. Nobody wants them so they are cheap and insurance is 25% or less of what a SS costs. I paid $150/year for liability only when I first purchased my bike, to put things into perspective...I was 33 and had no accidents/1 ticket You'll have 1/2-2/3 the fun at 1/4 the price of a SS.

Title loans should not even be a consideration.
Youd be surprised...insurance on my CBr250 is more then my Duc or Triple...
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Old 05-21-2013, 06:54 PM   #50
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Time to change insurers
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Old 05-21-2013, 06:55 PM   #51
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Do you have any money for gear?

If u cant pay cash you should really just buy used. Not sure about your income but sounds like you're living on pretty slim margins. Would hate to see ur bike get stolen wrecked and u be strapped for cash.
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Old 05-21-2013, 07:37 PM   #52
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Buy whatever you want. Just be responsible about it.
Be mindful that most folks in here have lived longer and have made mistakes, so they are giving you the best advice for you to save yourself burdens in the future.
Take all this advice and sum up the best decision aside emotions and focus on your economy now, so that later you'll have the time and income availability to get more than a bike.
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Old 05-21-2013, 08:17 PM   #53
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Thanks again guys. Yes I have gear I'm not a new rider but thanks for your input.
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Old 05-21-2013, 09:41 PM   #54
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I'm with Lucar and ZX.

Speed triples are a blast to ride. , find a naked ape and have something sexy, powerful, and different.

At your age, insurance makes owning a 1k SS cost prohibitive. Plus, on the street, they aren't half as FUN as naked 1ks.

Just another opinion..
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Old 05-21-2013, 09:46 PM   #55
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All opinions welcome. Thanks!
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Old 05-21-2013, 10:22 PM   #56
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Look up my "Patrick edition SV1K" I sold a couple of years ago. That thing was pretty sick and cheap to insure.
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Old 05-22-2013, 12:48 PM   #57
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go to members choice bank i have no credit and they gave me a loan for my bike a week ago
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Old 05-23-2013, 11:41 AM   #58
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Did you have to get full coverage insurance with that loan?!
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Old 05-23-2013, 12:01 PM   #59
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Look bud, plain and simple, if you take out a secured loan with a lien holder you have to have full coverage insurance, Comprehensive and Collision. Until the bike is paid off, the bank owns the bike, you don't! Just because it sits in your garage and you ride it everyday doesn't make it yours. Banks are all about protecting their interests, and if something happens to their investment and they have no way of recovering that money they are screwed! No bank in the world operates this way! Getting an unsecured loan with no assests or credit is next to impossible without a co-signer. So your options are to get a conventional loan with a lien holder and pay out the for full coverage, or get mommy or daddy to co-sign for you on an unsecured loan that doesn't require full coverage; but if something happens to your bike you are screwed if you only decide to carry liability. Don't feel bad about having a cosigner! I know a 44 year old man that had his daddy co-sign for him for a V-Max!
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Old 05-23-2013, 12:08 PM   #60
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Full coverage is not just an annoying thing the banks make you do. It is there to save your in case out is stolen or wrecked.

Bikes are a lot easier to lose suddenly. It takes a bit to total a car but a bike can be here today gone tomorrow. Then you'll be making payments on something you are no longer using or enjoying.
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