How sensible should I be??

EDBANGER · World Chat Champion Joined: 05 May 2005 Karma :

I'm due a fairly substantail raise in the next month Very Happy

& i'm torn between two routes down which to take this new found wealth. Should I....................

1 - Spend the next 12 months very sensibly paying off my debts and kept the old work horse that i've been riding for the last 3 years. It might not be special but it's reliable.

or

2 - Sod that, I could drop dead at any minute, go buy myself a VFR and pay my debts off over the next 3 years or so.

I know which one i'm leaning towards Twisted Evil

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If you can't spot the sucker in your first half hour at the table, you are the sucker.

AppleJoe · Brolly Dolly Joined: 02 Dec 2007 Karma :

Or a compromise; get a new bike, better than your current but not a dream bike, and pay off your debts in less time Thumbs Up

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Full licence from 16/4/08 Smile

Previously: '56 YBR125 - Current: K1 SV650S

G · The Voice of Reason Joined: 02 Feb 2002 Karma :

Is that a VFR800 versus a thundercat you've got now?

EDBANGER · World Chat Champion Joined: 05 May 2005 Karma :

I'm very much an all or nothing kinda guy. There is rarely any grey .
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If you can't spot the sucker in your first half hour at the table, you are the sucker.

EDBANGER · World Chat Champion Joined: 05 May 2005 Karma :

Seb · World Chat Champion Joined: 19 Jul 2007 Karma :

Clear the debts everytime, life is so much more fun with fuck all expenses and no huge tab hanging over your neck Smile

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2010 Triumph 1050 Sprint ST

AppleJoe · Brolly Dolly Joined: 02 Dec 2007 Karma :

sagalout · Nearly there... Joined: 09 Jun 2006 Karma :

EDBANGER · World Chat Champion Joined: 05 May 2005 Karma :

Hmmmm there's more sensible people on here than I thought. I've just tried to book a test ride but there's no demo's available. I feel all tense.
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If you can't spot the sucker in your first half hour at the table, you are the sucker.

map · Mr Calendar Joined: 14 Jun 2004 Karma :

Given the current publicity about the credit crisis, bank uncertainty and employers worries about cutting costs (aka redundancies) IMO it'd be worth staying with what you've got for the next year and sorting out your finances for when things eventually get better.

That's just me though, a bird in the hand sort of guy.
Very Happy

Azonicben · Could Be A Chat Bot Joined: 22 Aug 2007 Karma :

Step one. Clear your current debt Thumbs Up

Step two. Get some new debt Mr. Green

Nah if your bikes reliable keep it, pay your debts and then youve got a safety cushion if you need it Thumbs Up

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Cbt-23/09/07.....Theory-16/09/08.....Das passed 10/10/08.....
Current bike- GsxR750 K4. Broken: Cbr400rr (Nc29) Sold: Hyosung GT125R

G · The Voice of Reason Joined: 02 Feb 2002 Karma :

While I do (not that I'd admit it) like shiny things, it doesn't seem the VFR would offer enough over your Cat to justify a decent chunk of money that you don't really have.

You could consider a paintjob, or something? Though that's an even horribler waste of money Smile

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Bendy · Mrs Sensible Joined: 10 Jun 2002 Karma :

Surely buying a VFR is the very definition of 'sensible'.

veeeffarr · Super Spammer Joined: 22 Jul 2004 Karma :

..... · Quote Me Happy Joined: 15 Jan 2005 Karma :

Clear the debt. I can't believe I just said that but not having those round your neck will be far more satisfying and pleasurable than a shiny new bike that you'll be bored of in a month.

thefallenange... · Crazy Courier Joined: 01 Jul 2006 Karma :

or compromise, pay debts off for 6 months so there's a bit more room to play in the noose and then buy the VFR.
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Past - CG125 ,KR1S, SV650s, Street Triple R - Current - Duke 390

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s44678 · Guest

I was in a similar position, and kind of managed to do both.
Depends a lot on what kind of debts your talking about, and who you owe them to.

Look at the Interest, and work out how much extra you'd pay by stringing the loan term out compared to paying it off early (remember they usually charge to do that) and then ask yourself: if it costs me £x for the privilege of having this new bike now, do I still want it? If the benefit of having a new bike outweighs the cost to you, then buy it.

moog · Spanner Monkey Joined: 10 Jul 2005 Karma :

craigs23 · Mr Muscle Joined: 08 Jun 2005 Karma :

I'd sort my debts out first.

EDBANGER · World Chat Champion Joined: 05 May 2005 Karma :

I think I may have actually been swayed by the sensible debt brigade. Damn you, you all suck. I knew that was the thing to do but was hoping it wouldn't be. Thumbs Down

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If you can't spot the sucker in your first half hour at the table, you are the sucker.

G · The Voice of Reason Joined: 02 Feb 2002 Karma :

Other ways you could spend a bit of cash to spruce up your current bike - get uprated suspension bits, set up to your weight. Not sure the VFR engine is too much beyond the thundercat, but getting jetting setup if you haven't done is always worth considering.

Various other bits and pieces you could spend a little money on without 'breaking the bank'.

ms51ves3 · Super Spammer Joined: 08 Jun 2007 Karma :

Sort your debts out first. If you do that your VFR will be cheaper when you come to buy it Wink

carlnicholson... · World Chat Champion Joined: 13 Mar 2005 Karma :

I'd love to say 'Bike' but want no part in your financial demise.

I'm in debt up to my fat little titties and it's a fucking miserable place. One more year, just one more solitary, miserable, shit hole of a year and I'm a free man!!!!!!!!!

MMMMM, a KTM250EXC-F and a VFR800, so close but so far.........
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"THOSE WHO RISK NOTHING, DO NOTHING, ACHIEVE NOTHING, BECOME NOTHING."