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Old 10-16-2007, 10:54 AM   #21
houseofpaint
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Quote:
Originally Posted by Fuzzy018 View Post
Not everyone's got 6 or 7 grand just lying around to buy a bike.

Financing is sometimes the only way.
financing is not the problem...but why would you finance something and not get full coverage? not everybody has the money.....that's true....but why not be smart about it. forbid, if somethnig should happen...you're not only out of a bike...but you're in the hole for whatever you owe as well.

but like no fear said...it's their money, their problem.
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Old 10-16-2007, 10:54 AM   #22
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No kidding...sheesh NF, chill.

Most the folx that go for the plans do not pay attention to the fine print and use it to cut too tight a line to what they can afford. Then as stated they don't consider the extra costs & expenses and go out thinking nothing will ever 'happen'.

I bought a used bike...looked at new, but depreciation and finanicng terms.. bleh.
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Old 10-16-2007, 10:56 AM   #23
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Quote:
Originally Posted by houseofpain View Post
financing is not the problem...but why would you finance something and not get full coverage? not everybody has the money.....that's true....but why not be smart about it. forbid, if somethnig should happen...you're not only out of a bike...but you're in the hole for whatever you owe as well.

but like no fear said...it's their money, their problem.
agreed on insurance, that's for sure.
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Old 10-16-2007, 10:56 AM   #24
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Quote:
Originally Posted by paniro187 View Post
actually you can buy a good used bike for 3000 to 4000 just save up your pennies. The number 1 characteristic of maturity is being able to put off pleasure. If you wait and save to buy a bike or whatever else you want (barring a house of course) you'll own it outright and owe noone for it. Might not be brand spanking new off the show room floor but it will be a nice 03-04 and every month you'll be able to just pay the insurance and put fuel in it and not owe anyone .
Remember "Latest are Greatest".


My main point in this thread is that if you are gonna buy a brand new bike, expect a depreciation loss for using it. Just like a thread for an 07 600RR for $15K(http://www.motohouston.com/forums/sh...ighlight=600rr)
If you are gonna finance gears, don't even make a sound. It's not called for.

YOU CANNOT RECOVERED ALL THE MONEY BECAUSE YOU DIDN'T PAY JACK.
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Old 10-16-2007, 11:00 AM   #25
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Quote:
Originally Posted by houseofpain View Post
financing is not the problem...but why would you finance something and not get full coverage? not everybody has the money.....that's true....but why not be smart about it. forbid, if somethnig should happen...you're not only out of a bike...but you're in the hole for whatever you owe as well.

but like no fear said...it's their money, their problem.
they want my help to recovered what they owe. I am good but not a miracle worker.
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Old 10-16-2007, 12:12 PM   #26
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Quote:
Originally Posted by level5 View Post
There must be a trend going on that I am not seeing.
People buying/leasing new cars, buying houses with little down, financing toys without paying a dollar. Maybe the new bankruptcy law gave the bank more power to make you pay back every cents that you owed.
Seriously, I have to agree with NoFear. WTF are you trying to get at?

So people buying/leasing new cars is a problem? Do you know what the reasons for leasing a car are for? It's an option for some people for a reason. Don't tell me it's relative to the insurance line you just said.
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Old 10-16-2007, 12:13 PM   #27
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motorcycle loans are simple interest loans. the bank has to pay fair market value, and milage is not concidered into bikes. You may owe an extra few grand by the time you pay off the loan, but being a simple interest loan, the interest is not front loaded
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Old 10-16-2007, 12:22 PM   #28
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Quote:
Originally Posted by Fuzzy018 View Post
Can't plan for an accident...
Actually you can...you can have insurance as well as GAP insurance if you are going to finance anything. Especially if you are looking to put nothing into it.
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Old 10-16-2007, 12:58 PM   #29
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Quote:
Originally Posted by level5 View Post
Remember "Latest are Greatest".


My main point in this thread is that if you are gonna buy a brand new bike, expect a depreciation loss for using it. Just like a thread for an 07 600RR for $15K(http://www.motohouston.com/forums/sh...ighlight=600rr)
If you are gonna finance gears, don't even make a sound. It's not called for.

YOU CANNOT RECOVERED ALL THE MONEY BECAUSE YOU DIDN'T PAY JACK.
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Old 10-16-2007, 01:01 PM   #30
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Quote:
Originally Posted by dbonezny View Post
Seriously, I have to agree with NoFear. WTF are you trying to get at?

So people buying/leasing new cars is a problem? Do you know what the reasons for leasing a car are for? It's an option for some people for a reason. Don't tell me it's relative to the insurance line you just said.
Know what you get yourself into. I have seen people crying that they have to pay thousands extra when return a leased vehicle due to over mileage per agreement, damages to vehicle per contract, etc...
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Old 10-16-2007, 02:11 PM   #31
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Welcome to America now days. Get the stuff now, pay for it later.

How many commercials/adds do you see for stuff you can have now, make no payments for x months/x years?

I, personally, choose not to live that way. IMO, motrcycles are (for 99% of people) a luxury item/hobby and I choose to pay cash for hobbies. It's a lifestyle choice. Just my $.02.

Over 15% of my friggin paycheck goes into 401k and another 15% goes into savings. A little sacrifice now will benefit me (and most importantly my family) later in life.
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Old 10-16-2007, 02:18 PM   #32
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Quote:
Originally Posted by level5 View Post
Know what you get yourself into. I have seen people crying that they have to pay thousands extra when return a leased vehicle due to over mileage per agreement, damages to vehicle per contract, etc...

Most of the people that I know that lease a vehicle are on extended temperary transfer for their company. They don't want to buy if they are leaving in two to three years and going back home so they lease.
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Old 10-16-2007, 03:03 PM   #33
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Bike is paid for, so is my project car (68 Camaro). But I do lease my other car (05 Sub Lecagy). With the kiddo around now, I like having a fairly new dependable car with a bumper to bumper warranty - one less thing to Jack with or worry about. When the lease it up, I'll probably turn it in and lease an extended cab truck next.
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Old 10-16-2007, 03:11 PM   #34
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Quote:
Originally Posted by NoFear View Post
"LIVE FAST ... or ... DIE BORED!!!" Sorry WTF does this mean? I think that you are a condescending hater. Again no one has the right to tell someone else how to spend their hard earned money.
It's freedom of speech - You may not agree and you don't have to listen, but he's got every right to say it...
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Old 10-16-2007, 03:13 PM   #35
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Quote:
Originally Posted by NoFear View Post
"LIVE STUPID ... & ... LIVE BROKE!!!" <snip>
Fixed............

Financing anything is a great way to pay way too much for it.
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Old 10-16-2007, 03:26 PM   #36
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It's freedom of speech - You may not agree and you don't have to listen, but he's got every right to say it...
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Old 10-16-2007, 04:40 PM   #37
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Quote:
Originally Posted by dhdrider View Post
Welcome to America now days. Get the stuff now, pay for it later.

How many commercials/adds do you see for stuff you can have now, make no payments for x months/x years?

I, personally, choose not to live that way. IMO, motrcycles are (for 99% of people) a luxury item/hobby and I choose to pay cash for hobbies. It's a lifestyle choice. Just my $.02.

Over 15% of my friggin paycheck goes into 401k and another 15% goes into savings. A little sacrifice now will benefit me (and most importantly my family) later in life.
buy it now and no payment or interest til 2010! What they didn't tell you is if you pay it at a minimum by 2010 you don't owe any interest. If you waited til then to pay all the years of interest accumulated added to the balance. One late or miss payment and your finance charge goes to 33% for 30 days, 45% for 60 days late. Be careful with these advertisement.
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Old 10-16-2007, 04:45 PM   #38
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..ooh this all triggered a rant in me.

Per-approved credit card....applications. WTF
If I'm pre-approved then why are you sending me an application?
...the fact there is an application means that I have not been approved
therefore it should be false advertising.
(To with em anyways... variable apr? LOL, I don't think so).
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Old 10-16-2007, 04:59 PM   #39
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Quote:
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All wreck their bikes within a year, all cried that they would still owe money if the insurance totalled it out. What the are they thinking?

They weren't planning on wrecking.

:/:
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Old 10-16-2007, 05:02 PM   #40
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Fixed............

Financing anything is a great way to pay way too much for it.
you're right on the nose.
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