Paying For A Bike

freestyler_onli · World Chat Champion Joined: 08 Nov 2004 Karma :

Every now and then, a new thread pops up where someone bought a new bike and they show the pics etc.....

What i'm wondering is: Do people actually pay the whole cost of the bike straight away, or do they get some kind of financial assistance/loan etc.....

The reason im asking is that it may be the case for me - having to get a little help! Shocked

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Handsome · World Chat Champion Joined: 30 Dec 2005 Karma :

As I'm shit with money, ( I:E I need to spend it like it's burning a hole in my pocket ) and I spent the couple of grand I'd put to one side I took out a bank loan for mine...
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Previous Bikes...Honda NSR 125 RR...Kawasaki Zephyr 550...Suzuki SV 1000 S...Yamaha FZ8...Current Bike...Suzuki GSX-R 750...

Whosthedaddy · Super Spammer Joined: 11 Dec 2005 Karma :

Three bike and all cash Mr. Green

£1200 for ZXR

£600 for FZR

£500 for Monkeybike

(no savings anymore Shifty

)

To be honest, I would nt be able to afford HP or a bank loan for a brand spanking new bike as I have other things that need payment, and as a bike is a luxury item, its something that I will not go into debt over.
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Current : MSX 125 Past : CBR 900RR Monkeybike : c50 LAC : ZXR750 H2 : FZR600 : ZX7R P3 : YW100 : TRX850: Trophy 900 T309 : GSXR 600 L0: Monkeybike : XJ6S Whosthedaddy

Handsome · World Chat Champion Joined: 30 Dec 2005 Karma :

*Googles ' Savings ' to see what they are*...
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Previous Bikes...Honda NSR 125 RR...Kawasaki Zephyr 550...Suzuki SV 1000 S...Yamaha FZ8...Current Bike...Suzuki GSX-R 750...

Ant · World Chat Champion Joined: 24 Feb 2003 Karma :

i tend to save up for mine,mainly because i can only afford TPFT insurance and wouldn't want to be paying for a bike that i had smashed up!
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04 ZX10R ~

THCi · Nearly there... Joined: 28 Sep 2004 Karma :

First bike. £3.6k Bank Loan, second bike £2k Bank Loan, third bike £1.7k Insurance payout, fourth bike £2.8k Insurance payout.

Still paying out for first two bikes, so Im hesitant to get anymore credit unless I actually NEED it. As in, no bike and no upcoming payout from insurance (think written off at fault on TPFT).

Ive got a wodge of compo coming and I just cannot decide which bike to get atm. Thinking Daytona 675 (trade in Bandit at the same kinda time for a Fazer or similar), or CBR, or GSX, or ZX6R, or.... Thing is all apart from the bandits replacement would be new. So just cannot decide which I like best. Rolling Eyes

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Past: GZ 125 K4 Marauder, VL 125 LC Intruder, FZS 600 Fazer. Present: GSF 600 N K3 Bandit, GSX-R 600 X(soon)
"We're not gonna die. We can't die, Bendis. You know why? Because we are so...very...pretty. We are just too pretty for God to let us die."

freestyler_onli · World Chat Champion Joined: 08 Nov 2004 Karma :

Ok, ta for the replies guys! Cool

JakeyR · World Chat Champion Joined: 25 Nov 2006 Karma :

I saved up to pay for my bike straight away, along with the insurance and all the other hidden costs of getting on the road.

Took a fair few hours at work to save though Shocked

spike_Alike · Spanner Monkey Joined: 27 Jan 2007 Karma :

I try to pay for it upfront as much as possible, and if I need to borrow a couple of hundred, I am lucky to have relatives that can lend me the rest. At least I dont have to pay interest.

(Although I would never be cheeky enough to demand a loan of £1000 or so from them!)

freestyler_onli · World Chat Champion Joined: 08 Nov 2004 Karma :

Yeah.

Im hoping i'll be ok.

Im now paying isurance monthly as opposed to all of it up front. Just trying to cover every angle. Cool