Refinancing your ride
Road Warrior
Joined: Aug 2007
Posts: 1,979
Likes: 4
From: Central IL
YEAH, support all those people with YOUR money.
We (parents, three sisters and a brother, 7 cousins Aunts and Uncles and their families) choose to not live that way and neither do any of the rest of my family. We ALL pay cash. Sometimes we support each other for large property purchases just to forgo the usury and pay back without charging "interest". We always get a better buy by insisting on paying cash.
We (parents, three sisters and a brother, 7 cousins Aunts and Uncles and their families) choose to not live that way and neither do any of the rest of my family. We ALL pay cash. Sometimes we support each other for large property purchases just to forgo the usury and pay back without charging "interest". We always get a better buy by insisting on paying cash.
Where do you and your clan keep all this interchangeable cash that you use?
1) Do you go the bank or other financial institution and withdraw it from an account? (that signature card must be the size of a billboard)
or
2) Do you dig up mason jars full of cash previously buried in one or more backyards?
If the answer is #1 then you are indeed supporting those with YOUR money as they are making money on YOUR deposit thru loans and/or investsments.
If the answer is #2 then you are an idiot for not taking advantage of the opportunity to make money on your hard earned savings thru interest (even at the paltry rates they are currently paying)
My goodness, it's a viscious circle isn't it?
Banned
Joined: Sep 2009
Posts: 7,580
Likes: 7
From: The Internet (& Dyer, Indiana)
And a point I missed in my previous response to this post:
Where do you and your clan keep all this interchangeable cash that you use?
1) Do you go the bank or other financial institution and withdraw it from an account? (that signature card must be the size of a billboard)
or
2) Do you dig up mason jars full of cash previously buried in one or more backyards?
If the answer is #1 then you are indeed supporting those with YOUR money as they are making money on YOUR deposit thru loans and/or investsments.
If the answer is #2 then you are an idiot for not taking advantage of the opportunity to make money on your hard earned savings thru interest (even at the paltry rates they are currently paying)
My goodness, it's a viscious circle isn't it?
Where do you and your clan keep all this interchangeable cash that you use?
1) Do you go the bank or other financial institution and withdraw it from an account? (that signature card must be the size of a billboard)
or
2) Do you dig up mason jars full of cash previously buried in one or more backyards?
If the answer is #1 then you are indeed supporting those with YOUR money as they are making money on YOUR deposit thru loans and/or investsments.
If the answer is #2 then you are an idiot for not taking advantage of the opportunity to make money on your hard earned savings thru interest (even at the paltry rates they are currently paying)
My goodness, it's a viscious circle isn't it?
Ziiiinga!
Club Member
Joined: Oct 2007
Posts: 30,914
Likes: 16
From: Springfield, Ohio
Banned
Joined: Sep 2009
Posts: 7,580
Likes: 7
From: The Internet (& Dyer, Indiana)
Which may or may not happen. If you paid cash for your current bike, you can be riding while you're saving for your next bike. Not paying cash doesn't necessarily mean not riding. Or, you finance the first bike, then you're saving for the next one when the first one gets paid off or something.
Bottom line, whatever works for you and your current financial situation.
Bottom line, whatever works for you and your current financial situation.
Why couldn't everyone one be like that? Why wish? What is preventing anyone from choosing to save money and pay cash for the things they want?
__________________
__________________
Usually, when I see someone play both sides of an argument, it's so he can agree with both sides.
YOU seem to be disagreeing, simply for the sake of disagreeing.
Financing a bike is suddenly okay now? If it allows you to save and pay cash for another? WTF is that!!!!!
How's about you give us a break with your bullshit already!
"Pay cash, everybody must pay cash!"
"Financing is okay, if you promise to pay cash next time".
Go screw yourself, Hypocrite. There are serious people here trying to have a logical discussion. No room for BS. (response to your insulting namecalling posts toward me in this thread). Throw rocks, some might come back at ya.
Ultimate HDF Member
Joined: Aug 2008
Posts: 6,235
Likes: 65
From: Joliet, Illinois
OK... I realize the whole "Pay cash" thing just feeds into your overall feelings of inadequacy. I can't help you there. However, a basic command of the English language would probably do wonders for making your life easier.
I *never* said financing a bike, or anything else, is not OK.
The topic was refinancing to save money on your bike.
I added that paying cash saves you even more money on your bike.
It's a simple, basic reality. It's not something you need to get your G string in a bunch over.
I *never* said financing a bike, or anything else, is not OK.
The topic was refinancing to save money on your bike.
I added that paying cash saves you even more money on your bike.
It's a simple, basic reality. It's not something you need to get your G string in a bunch over.
HD Forum Stories
The Best of Harley-Davidson for Lifelong Riders
6 Weirdest Harley-Davidsons Ever Sold to the Public
Verdad Gallardo
7 Times Harley-Davidson Chucked Tradition Out the Window
Verdad Gallardo
7 Surprising Harley-Davidson Products that Are Not Motorcycles
Verdad Gallardo
8 Best Harley-Davidson Motorcycles Ever
Pouria Savadkouei
10 Worst Harley-Davidson Motorcycles Ever
Pouria Savadkouei
Killer Custom's Jail Break Is The Breakout That Refused to Blend In
Verdad Gallardo
Crazy Bunderbike Build Looks Amazing, But Is It Impossible to Ride?
Verdad Gallardo
Harley-Davidson Reveals Super Cool Cafe Racer Concept
Verdad Gallardo
Engraved Rebellion: Inside Bundnerbike's Glam Rock II
Verdad Gallardo
Novice
Joined: Jun 2010
Posts: 15
Likes: 0
I guess I will fall into the finance category. I just don't have the time now at my age to save 20K for a bike or boat.
That money is going towards retirement savings.
If you can get under 5% for a loan and pay it in under 5 years than that is reasonable.
I think I would hold on to the cash and invest it.
There is a dealer in my area offering 1.9 financing and the stock market is beating that.
If you can only get a real high finance rate than you should really think about the cost of the loan being worth it. Cash becomes king at that point.
That money is going towards retirement savings.
If you can get under 5% for a loan and pay it in under 5 years than that is reasonable.
I think I would hold on to the cash and invest it.
There is a dealer in my area offering 1.9 financing and the stock market is beating that.
If you can only get a real high finance rate than you should really think about the cost of the loan being worth it. Cash becomes king at that point.
As others said.. if you can pay for it cash.. that way is done and nobody will be able to hold it over you.
financing is screwed up
Club Member
Joined: Oct 2007
Posts: 30,914
Likes: 16
From: Springfield, Ohio