they do have a deal going on now full msrp. Salesman said he would get me out of the loan and pretty much starting over

 

I'm curious, what would be the risk in not doing it?

Having to buy/trade up at a later date? A change of heart on what is really important?

5 months ago the OP wasn't even sure if he liked riding.

 

That there is your answer. Happy wife, happy life. She ain't gonna be happy riding bitch on a sporty.


And not sure about your area, but I'm always getting mailers from dealers offering full MSRP buy-back on bikes less than 3 years old. Combine that with the .99% interest offers on a new bike and you really can't go wrong. Shop around and see what offers are out there.

 

I don't know you or your financial situation, but here's what I think. You say you haven't really made a dent in what you owe on the sporty since September. Maybe figure out what the SG payment would be, and start paying that amount toward your current loan. Give yourself a few months to see if you're really comfortable with that higher payment or not. Meanwhile you'll be gaining ground on the sporty loan which helps out if and when you decide to unload it.

 

If that 300 is gonna put a hardship on your finances, I'd keep the sporty another year at least until you have some equity. However, another year and more miles on the sporty will lower its value also. Hell, trade in the sporty on a good used SG. Nothing wrong with one made in the 2000's.

 

Obcessions of the mind are such a wonderful thing. Deal with that first and then make an intelligent decision on what to do. Street Glides are going to be around for awhile so what's your hurry? I would pay down on the Sporty, double up on payments or whatever way you choose, and try and pay it off. Trade in value is nil on any bike so sell it outrite then move up. Having already financed the Sporty and being upside down in equity, it doesn't make financial sense to get yourself in a bigger hole.

 

This right here, would get me to do it, personally*. This keeps you from owing more on the Sportster than it's worth when you do make the jump. Sounds to me like it's a matter of "when" not "if".

You also said you can afford he payments, but were a bit surprised at how much they would be. If you can really, afford the payments without it hurting your budget much, you have a good opportunity. If you can afford the payments by sayinig "you know honey, ramen isn't so bad." I would maybe think about and find out which flavors you prefer (that's a joke).

*Figure out if you can comfortably afford it. If you can go for it. If not, the Sportster has a lot it can still offer and the SG will still be around for some time.

 

Lots of differing thoughts on the matter, which is good. When I bought mine I could have paid cash and put a dent in our savings, but instead I chose to leave the money where it was, use the cash I had in hand from selling my previous bike as a down payment and use some of the interest we gain off our money to pay the payment. "Let your money work for you" is some advice I got early on in life. There are right ways and wrong ways to finance things.

He's already ***** deep in payments, and it sounds like he's growing tired of the Sportster which will lead to him being unhappy about the bike and the payments.

 

That was good logic back when interest being paid was in the upper teens, but at today's rates?

 

Why not look at a used street glide? Maybe you arrange it so the payments are close to what you are accustomed to now.