 sc125 Borekit Bruiser
Joined: 18 May 2008 Karma :    
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 Posted: 19:25 - 03 Sep 2009 Post subject: First big bike! |
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hi guys passed my direct access 2 days ago!, or as its now known my mod1 and mod2, im 21 and have been looking at a few bikes and have found a a nice 2003 r6 , the insurance is 1160 which i am gonna pay off in one go but the bike is going on finance, problem is my current bike is on finance and i dunno where i stand on getting rib of it? selling it privately and paying the loan straight of ? selling it back to the finance comapany?, i just dont know what my options are, any help is much appreciated as i really want a bike by the end of the month, thanks guys. sam |
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 nowhere.elysium The Pork Lord

Joined: 02 Mar 2009 Karma :    
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 Whosthedaddy Super Spammer
Joined: 11 Dec 2005 Karma :    
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 Posted: 20:27 - 03 Sep 2009 Post subject: |
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Worried about finance, then buy a cheaper 2nd hand bike? Insurance will in some instances be cheaper too even though the engine cc is bigger. ____________________ 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 |
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 Kickstart The Oracle

Joined: 04 Feb 2002 Karma :     
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 Posted: 20:29 - 03 Sep 2009 Post subject: |
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Hi
As above. Weight of larger bikes can easily catch you out, even without the extra power and sharp brakes.
As to finance, anyone buying is likely to do an HPI check and it will show it as outstanding. They will probably insist on paying directly to the finance company. Selling via a dealer trade in makes this easy, but you will get less for the bike.
All the best
Keith ____________________ Traxpics, track day and racing photographs - Bimota Forum - Bike performance / thrust graphs for choosing gearing |
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