Bike finance sucks :(

[rtho782]

So, ER-6f went smash....

Was only ~5 months into finance, insurance+gap cleared the lot, now my 2nd finance agreement in a year with blackhorse that has been settled early.

Consequently, blackhorse now like me a lot.

Decided on a new bike, GSX650F, with luggage, alarm etc. Suzuki offer nice low rate finance plus this whole £1 per CC thing.

Unfortunately Suzuki use "Close Motor Finance" who won't give me finance.

So now, the £1 per CC offer has ended, and if I still want the bike I have to pay £650 more, AND go through blackhorse which means unsubsidised finance at about 14.9% APR.

The new finance was no more expensive than the old finance that I was paying fine, and I now earn ~£300 a month more than I did when I took that out.

tl;dr, can't have the bike I want, life sucks...

Don't know what to buy now

[bazza]

[rtho782]

[iooi]

Personal loan should be much lower interest rate.

But why did the other company turn you down, given your previous history with blackhourse. Or is there something else that has effected that.
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Just because my bike was A DIVVY, does not mean i am......

[jimspeed]

why not buy used bike a couple of years old maybe? and save a bucket load of deprecation etc, most dealers would do a finance deal too
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Hyosung cruise 125(passed test on, sold) Kawasaki el 252 (better than expected but sold on) Kawasaki GPZ500S first "big"bike.(sold) ZZR600 E5..Z750 2007,ER5, currently on a 2008 Enfield bullet electra x and loving it..
,"Alpha-9: Is there any correlation between dyno rod and dyno kits?"

[Alex A]

Why buy a cheap ass Bandit?

https://www.honda.co.uk/motorcycles/offers/cbr600f/

[rtho782]

I would LOVE the new CBR600f, the problem is that including car accidents I now have 3 claims in the last 3 years, meaning insurance quotes on one are ~£3k, which is insane!!!

Barclays will let me have a personal loan, but want 26.9% APR on it.

I've cleared two Black horse agreements now in under a year, and they assure me there would be absolutely no problem giving me another, in fact they would bite my hand off.

Different creditors have different scoring methods, Close just hate me for some reason I guess, no negative changes to my file since the last agreement, lots of positive ones (in a lot less debt now).

Mostly annoying because I now have to pay £650 more, no matter what, as the Suzuki offer is over...

[chris-red]

3 claims in 3 years, can't afford to buy a new bike yet you still want one on finance.

Buy an old bike it won't be some bad when you smash it up. Buying new is moronic, especially if you are doing so on finance and especially if you keep smashing them up.
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Well, you know what they say. If you want to save the world, you have to push a few old ladies down the stairs.
Skudd:- Perhaps she just thinks you are a window licker and is being nice just in case she becomes another Jill Dando.
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[LordShaftesbu...]

I'd just go with the flow and get another ER-6. When you factor in the finance deal they are far and away the cheapest.

What about a Versys? A little different at least.

[rtho782]

I can easily afford a new bike, I can afford the insurance and the finance on the GSX easily

In fact, as the insurance was only going to be 1k on it, I was going to pay it as a lump sum.

At a stretch, I could afford to insure the CBR, but I refuse to pay half the bike's value for insurance.

3 claims, 1 being a car theft, the other a car non-fault, and the most recent, a high speed front blowout on a motorbike with 4k on the clock.

None of which really avoidable for me, and more down to luck.

Nothing wrong with buying new, it gets you 0% APR, better to buy with someone else's money than my own!

[kawakid]

Just save up and buy whatever you want.
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I've a twin and a 4.

[rtho782]

[LordShaftesbu...]

Triumph are Blackkhorse, and have a low finance deal on the Street Triple.

The Street Triple came 1st out of 25 naked bikes in the latest issue of Bike magazine. Jus sayin

[lucky rsm]

Try a different dealer because i got my Gsx650f on finance through black horse.
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cb500s, er6f, er6f, Gsx650fK9

[P.]

[rtho782]

[Im-a-Ridah]

Get a cheap bike until you stop crashing so much

[rtho782]

[Im-a-Ridah]

[MattEMulsion]

[rtho782]

Yes, insurance is expensive, I'm living with it, hence going for a GSX650F rather than a GSX1000R.

I'm not complaining about insurance, I'm paying it. I'm completely fine with £1k, it's everyone else here that feels this is extortionate

Just annoyed about the finance, when I have been fine with finance from black horse of the same amount/cost.

[lllN30lll]

Have you chased up why your tyre blew out? how old was it, where did you get it from etc.

[rtho782]

[Slacker24seve...]

[LordShaftesbu...]

Exactly, threads like this get tiresome fast.