considering a loan on a new(ish) bike

[i_am_tim]

iv only had my rs for about 5 months now, but i am honestly getting a little tired of the lack of power at anything under 8000rpm, and the little proportions arnt exactly perfect on a 6ft guy.

i have my test booked soon and have been thinking of possibly getting something like a k2/3 gsxr 600 either on finance from a dealers or private with a bank loan.

any opinions on these two options? or best just to wait another 6-8 months and buy cash?
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previous bike: 2000 Aprilia rs 125 - SOLD

current bike: 2001 Yamaha R6 - sweeeeet

[Kal]

If you can pay cash do so, otherwise you'll have to pay an arrangement fee and interest which will be dead money.

6 months will drop you bang in the middle of the summer, just the time you want to be playing on a new bike.
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Kal...
I Like To Hoon It Hoon It I Like To Hoon It Hoon It I Like To Hoon It Hoon It Ya Like To (HOON IT!).
1984 GB250 Clubman,1983 CB250N Superdream, 1999 GPZ500S

[carlmalibu]

the maths are simple.

bike loans are 6% plus, buy a bike for £4000 probably pay over two years and you'll have paid maybe another grand for it?

By the time the two years are up your bike will be worth less and you'll have paid more than it was worth two years ago.

Save for six months in a decent savings account and youll get 5% per annum interest, be able to buy the bike you want cheaper and not be locked into unsecured short term debt.

Consider if you dropped the bike, as well. Would you like to be paying finance on a bike you can't ride?

Britains debt culture is bloody irritating
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Shine on, you crazy diamond
CB500, woop.

[veeeffarr]

If you can afford the repayments go for it