People who have finance on a bike... or a loan

ram_doom · World Chat Champion Joined: 25 Mar 2006 Karma :

What was the shop price of your bike? How much do you pay a month and how long have you/will you be paying?
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TL1000s, KDX200

NSR Mick · World Chat Champion Joined: 26 Jun 2005 Karma :

£80 a month and its for that long I havent even got the bike anymore.
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If you dont like the way that I ride.......Stop trying to keep up!!!

Slickfish · Crazy Courier Joined: 24 May 2005 Karma :

£223 pr month over 4 yrs!!!
finishes next July!!!.

For the record NEVER AGAIN!!!! Rolling Eyes

Not getting a new bike on finance!

Misc · World Chat Champion Joined: 15 Aug 2005 Karma :

Best of buying one right out, or get a 2nd hand one as you will be left paying if anything was to happen. If i was going to be paying finance i'd get a 1000 so i wouldn't get bored anytime soon.

T1z3R · World Chat Champion Joined: 23 Oct 2005 Karma :

define finance.

i have a £2000 loan for a bike that i pay £115.93 pm to over eighteen months.
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duck my sick!

Villers · World Chat Champion Joined: 13 Sep 2004 Karma :

I bought brand new on 0%. Total including a few extra bits was about £4500. Paid 2K straight off, currently paying about 60 quid or thereabouts a month for 4 years. It will be down to a couple of K soon and I will probably pay it off in a couple of months time. I used the 0% as a bit of a stop gap as I didnt have the cash lying around.

I once got a loan to pay off some debts and get a new car. For that Im still paying 220 quid a month and the cars long gone. Big loans for things you get bored of easy aint a good idea to me anymore.

I think 4K will be the most I will spend on a bike again, with or without the 0%!
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RS125 > CBR6 > SV650S > ZX636R > GSX1300RZ Hayabusa > 06 RSVR Mille > SV1000S > Street Triple 765 RS

Luke_Retrofly · Silly Lesbian Joined: 05 Jul 2003 Karma :

Hi
Unless its 0% intrest your better off getting a loan, as it can be a right hassel to sell the bike if you are still paying finance on it.

Luke
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Flounced - Long overdue
Fuck you bitch I'm in the top 10 list I can do the what the fuck I want!

LustyLew · World Chat Champion Joined: 19 Apr 2004 Karma :

SV was £2,195. I paid £600 up ront and the rest on finance for 2 years.

Only £65 a month, but money I'd rather have in my pocket. Annoying this is the bike woll be worthless when I come to sell it as I'm racking up the miles. Don't even have a clue how much I still owe!
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Like a Yorkie - I'm not for the girls Wink

Wave2k · G's Stalker Joined: 06 Apr 2004 Karma :

ive got a £2000 loan over 1 year because im impatient Razz

bugger paying it off for years, get it payed off asap
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Ducati 1299 Panigale
2009 Corvette C6 z51
RS125->CBR400->RXS100->GSXR750K2->Ducati749S->CBR600RR5->TL1000R->DRz400->RSVR1000->Honda VTR SP1->CBR400->GSXR1000K6->Honda H100->CBR600RR3->Ducati1299

Flip · Super Spammer Joined: 28 Feb 2004 Karma :

moonym20 · Could Be A Chat Bot Joined: 12 Jun 2002 Karma :

£119 per month next 3 years

got shafted! Shocked

, Never Again! Thumbs Down

(thankyou A&L!
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A scientist crossed a skunk with an owl. He's got a bird that smells but doesn't give a hoot Smile

Flip · Super Spammer Joined: 28 Feb 2004 Karma :

dave1rs · Trackday Trickster Joined: 03 Dec 2004 Karma :

moonym20 · Could Be A Chat Bot Joined: 12 Jun 2002 Karma :

was an oldish bike, figured why end up paying 8K which i can't afford when i can pay back 3-4 which i can afford over time. plus i loved the particular year of bike i got my mitts on

however, A&L were very aggressive in their pitch and rate. My fault for being so blind but its somthing you learn from Shocked

if i ever take a loan out again it won't be with them, their customer reps (as helpul as they are) struggle to speak english
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A scientist crossed a skunk with an owl. He's got a bird that smells but doesn't give a hoot Smile

jay12329 · Dr. Evil Joined: 02 May 2003 Karma :

I took out a 9k loan. 8k of which went on my 675. I'm paying £400 a month over 2 years. Only another 18 payments left!
J

Louise · World Chat Champion Joined: 22 May 2006 Karma :

I dont have a bike on HP. But before you get a loan I would seriously seriously think about it.
I took a loan out, hell I had fun - 8K went on Booze,partys,gambling and never again. It caught up with me and paying out so much a month.
A lesson lernt!

yzf750r · World Chat Champion Joined: 04 Nov 2004 Karma :

Got a bank loan but not for a bike. Borrowed £5000 over 4 years at a repayment of £120 a month, that includes protection if unemployed etc.

Through Natwest. And yes I will probably get another loan once this one is finished! Beats a credit card or HP IMO! Thumbs Up

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04 zx10r with mods - 187.4bhp at the wheel! :o

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

Bank Loan of 2000 over Two years, 111 quid a month with Cover.....6 months left on that then I'll go for a larger amount to get me a bigger bike.....
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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...

carvell · Scuttler Joined: 05 Sep 2003 Karma :

JonB · Afraid of Mileage Joined: 03 Jun 2004 Karma :

£400 a month?!?!?!?!? Fuck that...
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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.

greenmeanie · Trackday Trickster Joined: 29 Dec 2004 Karma :

i took out a 3grand loan over three years for my first bike, first years insurance and all my gear. i dont have the bike anymore, my gear is knackered and im paying £110 a month for it lol a total of £3900! oh well only a year and 4 months to go lol

This years insurance is £40 a month and my car insurance (p reg corsa 1.2) is £130! a total of £280 a month. the joy! Thumbs Up

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Rh.

jay12329 · Dr. Evil Joined: 02 May 2003 Karma :

Its actually a little less than 400 a month. But there abouts.
Yes its comparable to rent/a morgage but it means in 2 years I will get used to living without that 400 so I know how to live without it! And it means i can buy another bike in two years rarther than 3 or 4! Laughing

The low APR is standard for a cahot loan. Just over 5%.
J

chris___ · Brolly Dolly Joined: 13 Feb 2005 Karma :

Hmm let me think...
At 17 got a loan for £1300 for my ZZR at about £50 a month.
Had £900 left to pay and then needed another £1000 to put towards my ZX6R so that became £1900 which I'm now paying off over 3 years at about £90 a month Rolling Eyes

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Yamaha rxs100 > Kawasaki ZZR600 > Kawasaki ZX6R > Honda Hornet 600 > Honda Bros 400 > Suzuki SV650S K2
Bikepics page

Whosthedaddy · Super Spammer Joined: 11 Dec 2005 Karma :

Got the bike outright (well it was just £600 Laughing

), but am paying £289 pcm for the car on one of those after 3 years trade, px or walk away jobbies.
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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

edd · Nearly there... Joined: 06 Jul 2005 Karma :

Ive never taken out finance/a loan on anything, and other than a mortgage I dont think I ever will. I have an old bike because thats what I can afford and although it doesnt look all too flash I do own it completely, and Im not paying a fortune a month in interest. At the end of the day unless you have 0% finance you end up poorer than you would have been. For what reason (those of you who have taken out finance) other than impatience have you taken out finance?
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