Madman Dreaming?

[moonym20]

hey guys, aint posted on here for ages .

im on a minor dilema at the moment and fancy some advice.

21 years old, had a Full bike licence for nearly 5 years (clean) and am the proud owner of a lovely NSR125R (2001) how ever the old girl has done over 30,000 miles (all mine... only the piston rings have ever been changed on the engine) and i now fancy somthing with a bit more poke.

i have always fancied a lovely Yamaha YZF-R6 and have managed to locate a 2001 model in red, low mileage going for 3,500

thing is i can't quite afford it so its going on finance, which i plan to pay over three years. just duno if anyone thinks 3 years is a big commitment for a bike like that. I plan on using the R6 for fun. I don't have a car and plan on keeping the NSR as a hack cos i love it to bits and its costs peanuts for me to keep around

the other problem is i will be needing to take a carrear loan/normal loan for around 20+K in about 2 years time. Is having finance on somthing likely to cause me problems? (the bike would be the only thing on finance.. i can pretty much comfortably afford the payments)

i know i need a car but i have far too much fun on bikes to justify needing one yet... soo... any advice?

i'm really keen to know how much its going to cost me to keep a 2001 R6 how much is the average service costs... tires, brake pads and sprockets chains etc...??? any advice would be great

cheers guys
____________________
A scientist crossed a skunk with an owl. He's got a bird that smells but doesn't give a hoot

[Makaveli_Rydah]

As long as you keep up the payments on the R6 you should be fine to take out another loan of a larger amount - if you stay with the same company they may even give you a discount .

As for the bike - i'm in the same position as you pretty much except i haven't passed my test yet - i have a scooter and a VFR4 , i plan to use the Viffer for the nice days and the scoot over the winter .

I hate cars
____________________
Bike History:- Vision / Phantom 100 / Aerox 100 / Runner VX125 / Honda VFR400 NC24 / Kwak ZX9R B3 / Honda CBR600 F / ZZR400 & K2 GSXR 750 / Suzuki VZ800

[BorderHooner]

dude.

Take this however you want.

Anything on chucky is not yours. your dreaming its yours. you pay thru the nose. its shit.

I have two things on chucky. My house i.e. mortgage and my company pick up truck - if i go bust they can take it away.

In the past, when i was young, I had chucky and it was stressful.

it aint worth it.

Keep you 125, save up for the bike you want and own it outright for cash, your in a much better position when you have a wad of notes in yer palm when looking at rides.

If you want more power then buy an older, cheaper machine while saving up for a R6 or woteva.... you'll appreciate it more if its yours and not owned by some finance company sharholders back pocket.

cheers.
____________________
Benelli. Happy as a pig in cacky.

[RI_HA]

Hmm im in this same dilemma although its for a car.

Just earlier was thinking about getting a cheap 500 munter to go to work in. thing is ive always had nice looking cars and it will be going against what I usually have!! it sucks!

And yes its a car im talking about but I havent got the license for a big bike, but my aprilia is mint

I feel your pain! but my car is eating up petrol like god knows what! slightly different but the same.

[G]

I definitely wouldn't go for finance.

If you're going to borrow, a loan's the way to go.

Maybe try and get it for two years - if you pay it off regularly, this will be good for getting a bigger loan later.

I always advice against buying from dealers, unless they have a very good reputation.

[syl]

Don't know if I'd want to commit to 3 years finance on a 5 year old bike. Bit of a pain in the arse if it goes tits up and you've still got 18 months left to pay on it.

If that's the kind of bike you want, I'd consider a new 2006 model ZX-6R for £5499 on a 0% deal instead.
____________________
Current bike: Kawasaki Z750S

[BorderHooner]

[RI_HA]

You could always pick up a VFR400.

They are pretty cheap and most people swear by them. Cheap insurance with them and because they are a honda pretty reliable.

Then after you save up you can always use this as a trade in bike for the Kwak.

[GearboxGeezer]

If I was you, I would just save up, getting it threw finance is just annoying, Dont forget this bike is gona cost u money to run as well, u might even crash it and get fucked over by the insurance company!

Dont forget to including the money u make off the NSR as well, and just cut down on the beer for half a year, ull make the money some how. Better yet rob a bank, or start a cannibus factory.

[moonym20]

hey, cheers for the replies, ur top blokes

i will take into considderation everything said.

It was infact the 0% deal that Honda sent me in the post for 2006 CDR600RR however i decided that at jsut over 7000 notes and the high insurace it would be cheeper to grab somthing i have always wanted such as an R6. I much prefer the older models to the newer ones and they are easier to maintain because very little is computerised.

i checked all loans open to me if i wanted the R6 in question and i would only be paying £290 in 3 years for the privalige which is ok.

a vaid point is raised about stacking the bike, not getting paid for it and then still paying the loan off and im worried about that part.

the other thing is. it would take me a long long time to afford an R6 and by then i wouldn't have any money because of my other main hobby and the cost of persuing my intended carrear. I have to do somthing about getting another machine, i figure a bike is cheaper and more fun than a car especially if i have a nice 125 as a hack when i need it

duno what you reccon?? thanks a lot for the response though... its a great help
____________________
A scientist crossed a skunk with an owl. He's got a bird that smells but doesn't give a hoot

[G]

A ZX6R for £5500 with 0% over 36 months comes out at about £153 a month - normally don't reccomend new bikes, but that seems like a pretty good deal if you're doing finance anyway.

[syl]

If you're worried about stacking it and can't afford (but need) a replacement, make sure you get fully comprehensive insurance and consider GAP insurance if you get it on finance without a large deposit and expect it to depreciate significantly. If you do want GAP insurance, there are plenty of brokers out there that will sell it you far cheaper than the dealer will offer it for.
____________________
Current bike: Kawasaki Z750S

[_Will_]

Finance aint worth it, personally if i were in your position i would find a comprimise- you say you want some power but ul'd be suprised at how much poke some workhorses have and they are usually bullet proof bikes that are cheap to buy/insure/maintain, it depends on how much you wanna keep ur nsr
Also if ur takin out a 20k loan in a couple of years then why not take a little extra then for a high powered bike while using a go between for now - Just a thought.

[G]

Fully comp for a young person is only useful the first time for medium claims, then you end up paying out quite a bit for future insurance.

[syl]

The more I read about used bikes, the less I want one.

You can get some blinding deals on new bikes, with a 2 year warranty (sometimes extendable to 4 years for £150) and knowledge that it's not royally fucked to start with. Most used bikes need some sort of work doing to them. They're probably due a service straight away, will be needing new tyres/pads/discs fairly soon and likely as not need an MOT. Most of them are also of an age where they need a rear shock rebuild too. Why bother? By the time you've fixed all that, you could have bought a brand new discounted bike instead - just buy the right bike at the right time. You don't see 0% finance on used bikes very often either.
____________________
Current bike: Kawasaki Z750S

[_Will_]

Used bikes is a widely varying market and depends what you can find, i know its no zx6r but my 1996 divvi is in top condition, when i got it there was only 18k on the clock, i just got on it (no work needed) done 8k and only wear and tear that you get with it, bought engine bars and the bikes still worth more than i bought it for (a grand) dont be put off used bikes as depreciation is a b*tch, the thought of sitting on the bike as money dissapears can be depreesing.

[dodsi]

£3500 is too much for a 2001 R6 anyways. £2500 - £3000 is all you should pay.

if you did this its cheaper to get a 5% interest personal loan than it is to use expensive dealer finance.

[G]

[moonym20]

thanks again guys...

to be honest im not so keen on all the new bikes that are out at the moment... the lastest YZF-R6 looks 'orrible with that stubby bazoka for an exhaust. there's just somthing i have always loved about old model R6 and i find they are getting harder to locate in good condition. The bike i have my eye on is only due an MOT i believe, will check is there is any work to do. its nice low mileage for its age (just over 3K miles)

the other thing about the new bikes is most of the supersports are all computerised making the servicing expensive sometimes (found that out with Aprilia). thanks a lot for the advice, im still seriously mulling this one over lol and given summer is pretty much here

cheers
____________________
A scientist crossed a skunk with an owl. He's got a bird that smells but doesn't give a hoot

[veeeffarr]

Sorry to digress,

Just found out a brand new Er-6n would cost me £99 per month for 3 years...

Get in.

[dainesefreak]

Loan Finance Can always sell it if you get a loan and pay the loan off. Finance shows up on an HPi check and can cause problems even if you intend to pay it off from the sale.

[scott666]

A brand new bike isnt that bad. I bought a brand new CBR125 for £1800 took it to my local dealer with 3500 miles and no service history (done myself) and they offered me £1800 part ex. Not bad. I know its only a 125 but good none the less.

[Deano1]

save up and buy a cheap bike cash! you only need about a grand for a vfr etc these days and you will have loads of fun learning how to ride a sports bike and if you bin it its no biggy

[moonym20]

thanks again for all the input and opinions. my mind is now pretty much set on getting this bike you only live once however if the bike is gone before i get it for the loan gets declined then its no biggy... i think i'll start the ball rolling tomorrow and see how i get on. gona pop to one of my local mechanics and find out how much im gonna be looking at for services wear n tear etc... it should be fun.
its a private sell by the way, know most of the things to look out for when i inspect the machine, already know to check the rear shock, front fork seals and most importantly the head bearings for stiffness or notches. Any other advice? im gonna take out a loan rather than finance, won't take long to pay back, just wonder if they will accept me because im self employed lol (regular income though)
____________________
A scientist crossed a skunk with an owl. He's got a bird that smells but doesn't give a hoot