DAMMIT i couldn't get Harley from dealer
Road Warrior
Joined: Feb 2008
Posts: 1,390
Likes: 127
From: SW OREGON
There is a certain satisfaction in holding the title.. to a motorcycle, a car & the house. I found no such satisfaction in worrying about investments.
Advanced
Joined: Jan 2011
Posts: 63
Likes: 0
From: Massachusetts
I hear you im 22 and was in the same boat
but paying for your bike straight cash with no worries is the way to go makes you feel like a mack
id look at a used low mile bike let some idiot take the loss driving it off the lot
but paying for your bike straight cash with no worries is the way to go makes you feel like a mack id look at a used low mile bike let some idiot take the loss driving it off the lot
Thread Starter
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Cruiser
Joined: May 2010
Posts: 186
Likes: 0
yea i can save more but damn was looking forward to putting this little honda aside and i dont want to put money in it.
i will save and i guess will see if i can with one last dealer if not used it is i will be probably looking at FXR's on c list
i will save and i guess will see if i can with one last dealer if not used it is i will be probably looking at FXR's on c list
Elite HDF Member
Joined: Aug 2007
Posts: 4,265
Likes: 99
From: Northern VA
Got mine with 3k miles on it, bunch of accessories already installed, and saved a ton of cash.When I told my dad what I got and what I paid for it - he asked what's wrong with it. There are good deals out there...
Road Master
Joined: Jun 2005
Posts: 1,212
Likes: 4
From: From Illinois; Currently Belgium
It's not.
(climbs up on soapbox)
You're much better off paying cash for ANY vehicle. Yes, sometimes that means waiting or driving vehicles for which others have paid depreciation but that's actually a good thing. I'm 58 years old and I've used credit to by two vehicles in my lifetime, neither was worth much when I finished paying for them.
Lenders, dealers and others who stand to profit from their relationship with you will tell you "You deserve this motorcycle, (car, tv, whatever,) right now! Don't Wait! You DESERVE IT!"
But that's not true. They're telling you a lie you want to believe, the easiest sale in the history of mankind. You deserve whatever you can afford right now with the cash in your pocket... The whole reason our country is in the shape it's currently in is that far too many people believed the lie and signed on the dotted line. That's it.
(climbing down from soapbox) Good luck...
(climbs up on soapbox)
You're much better off paying cash for ANY vehicle. Yes, sometimes that means waiting or driving vehicles for which others have paid depreciation but that's actually a good thing. I'm 58 years old and I've used credit to by two vehicles in my lifetime, neither was worth much when I finished paying for them.
Lenders, dealers and others who stand to profit from their relationship with you will tell you "You deserve this motorcycle, (car, tv, whatever,) right now! Don't Wait! You DESERVE IT!"
But that's not true. They're telling you a lie you want to believe, the easiest sale in the history of mankind. You deserve whatever you can afford right now with the cash in your pocket... The whole reason our country is in the shape it's currently in is that far too many people believed the lie and signed on the dotted line. That's it.
(climbing down from soapbox) Good luck...
Now for the other references about financing at 1% vs. investing at 2%. The bottom line is your paychecks aren't tied up in paying back a loan when you pay cash. It's a one time transaction...done and over with. When you pay cash you are free from a monthly payment. Invest that much per month, so when storm clouds come you won't have to sell the bike or worry about making payments. You can press pause on investing until the sky is clear again instead of worrying about payments. The same goes for saving for a bike: 1st, have money for emergency savings. (3-6 months expenses) Then while you're saving for your bike if something comes up you can press pause on saving, execute the emergency plan, then resume saving without skipping a beat. Or you can be like the other handful of guys on here trying to sell their bikes for what they still owe because, "Gotta kid on the way." Most end up losing what they've paid, plus what they've put into accessories. I'm not better than anyone else. I'VE BEEN THERE AND DONE THAT! Save some cash and you will be the next to scoop up someone's baby that thought they could afford it.
Road Master
Joined: Jun 2005
Posts: 1,212
Likes: 4
From: From Illinois; Currently Belgium
Also, forget about credit. Do a little research; people are doing more damage trying to "Buy" a number. (Credit Score) That way they can borrow more money and dig a bigger hole someday. Forget about buying that number and worry about building wealth so you won't have to worry about that number anymore. A person making 15K/year living in a trailer and living paycheck to paycheck can have excellent credit. Good credit isn't an achievement. People that brag about it are basically saying, "I love debt and paying to use other people's money!"
Later.
Later.
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Tourer
Joined: Apr 2011
Posts: 472
Likes: 2
From: Hutchinson, Ks.
Bought my 08 street bob with low miles and accessories for a really good price. I am 26 and have always saved money to buy what I want. Pickups, bikes, etc. I have never had a loan for anything. Now me and my fiance are looking to buy a house and we dont have a chance in hell at getting a loan. Were hard working and make good money but that dosent make a f&%# to banks or realtors. I have had to get a credit card and use it for everything just in the hopes that I might have credit one of these days.
The more dept you're in the better you are in life now. Long gone are the values that alot of us believe in.
Even if you have the cash to pay for it I would say try and get a loan for it anyways, if you're young you NEED CREDIT.
The more dept you're in the better you are in life now. Long gone are the values that alot of us believe in.
Even if you have the cash to pay for it I would say try and get a loan for it anyways, if you're young you NEED CREDIT.
Seasoned HDF Member
Joined: Mar 2010
Posts: 19,978
Likes: 6,074
From: Florida
