young/newbie + stacked bike = where does the ?'s come from?

[byke95]

Hope the subject makes sense...I've been wondering:

A few people on here have had offs recently, often on bikes that are under 5 years old, that have been owned for a short time and which cost a fair bit.

Most importantly you're all alive to tell the story but isn't it financially crippling?

How do you afford the bike and insurance? Do you make sure you're fully comp (I have 3 NCB and still choose TPFT)?

If not, what happens financially when you stack the bike?

I can't figure out how the economics work, are there BCFers that are in loads of debt just because of bikes? What's wrong with owning a cheaper/older bike?

I don't like finance/hire purchase as a personal opinion but paying for a bike that you don't even have must be the worst!

[distortion]

My first bike was an NSR125 - got a loan to pay for it, paid the insurance straight out and paid for it to be fixed everytime the engine fucked up.

Probably people save a little cash to one side or have very understanding parents

[Groove]

been saving for what seems like forever, getting my test done on thurdsday, buying a bike off a mate, most money is from savings, rest is from parents, not much tho
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|| Past: 1991 Kawasaki ZXR 250 ~ 2003 Honda CBR 600 F Sport ~ 2004 Kawasaki ZX6R B1H 636 ~ 1999 Yamaha R1 ~ 1999 Kawasaki ZX6R J ~ 2004 Kawasaki ZX6R B1H 636 ~ 1998 Honda VTR1000F Firestorm ~ K1 GSXR 600 Track bike ~ K6 GSXR 1000 ~ 2006 Speed Triple 1050 || Current: 2005 R1 https://www.adrucore.co.uk

[tintin]

[riichy]

one word my bank///eg my MUM
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.......... PLOD ............ zx636 2004

[Kickstart]

Hi

Suspect some are living with parents but doing reasonably high paying jobs, hence a large disposable income (and one hell of a shock to the system when they finally move out), and others are putting themselves into serious future debt problems.

Mind you, Ebay helps.

All the best

Keith
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Traxpics, track day and racing photographs - Bimota Forum - Bike performance / thrust graphs for choosing gearing

[byke95]

[yorkshirelad3]

a bit like im hoping to be if i get my new job, £200 a week, and my only out goings are £120 a month for board money! I dont wanna leave home!

[JonB]

Still living at home and parents are reletively generous.
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Be careful whose advice you buy, but, be patient with those who supply it. Advice is a form of nostalgia, dispensing it is a way of fishing the past from the disposal, wiping it off, painting over the ugly parts and recycling it for more than it?s worth.

[EuropeanNC30R...]

I wonder if a rider who hasn't paid for his bike is more likely to crash it, because they haven't had to work for it...

[byke95]

No doubt about it, living with the folks is a damn sight cheaper than living on your own two feet. Still, no matter how nice your Fireblade looks on the drive girls can't sleep over on it, and friends can't get drunk in it!

I'm surprised parents are forking out for bike though...my folks would have never helped me, my 'hobby' = my money to fund it.

[yorkshirelad3]

dont get me wrong, iv paid every penny for my bike, and i would cry if i ever smashed her up, it was bad enough when she fell off the stand and marked the can!

[Kickstart]

[yorkshirelad3]

when i saw my bike £1900 i had £600 spare, so mum bought it with her holiday fund, i gave her 600 staright off, then 300, 300, 300, 400 over the next 4 months.

thats how i could do it

[byke95]

[McGee]

Bleh i wreck this bike im getting my dad to get me a new one Im thinking a 2006 gixxer in red
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◙◙► K6 GSXR 600 ◄◙◙◙◙► K5 GSXR 1000 ◄◙◙◙◙► K5 GSXR 600 ◄◙◙◙◙► 96 RF600r ◄◙◙
◄◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙►◄◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙►◄◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙►
Its pronounced Jixxer!

[yorkshirelad3]

credit card wise, if your smart enough, i know people who take out a car at 0% for a year, then pay it off with another 0% and so on for years until they have paid off the origional debt.

[Jrod]

[McGee]

Oooo i will salvage all the tarty bits
____________________
◙◙► K6 GSXR 600 ◄◙◙◙◙► K5 GSXR 1000 ◄◙◙◙◙► K5 GSXR 600 ◄◙◙◙◙► 96 RF600r ◄◙◙
◄◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙►◄◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙►◄◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙►
Its pronounced Jixxer!

[Bendy]

I think quite a few of the 'kids' are going to look back in ten years time and curse all the money they wasted.

[McGee]

Maybe
____________________
◙◙► K6 GSXR 600 ◄◙◙◙◙► K5 GSXR 1000 ◄◙◙◙◙► K5 GSXR 600 ◄◙◙◙◙► 96 RF600r ◄◙◙
◄◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙►◄◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙►◄◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙►
Its pronounced Jixxer!

[sanchezz_182]

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no sig, thats gay!!

[McGee]

I clean my bike 3 times a week when i ride it

Atm im gonna clean it once a week till my finger heal
____________________
◙◙► K6 GSXR 600 ◄◙◙◙◙► K5 GSXR 1000 ◄◙◙◙◙► K5 GSXR 600 ◄◙◙◙◙► 96 RF600r ◄◙◙
◄◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙►◄◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙►◄◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙◙►
Its pronounced Jixxer!

[Jrod]

[riichy]