Total Motorcycle Community Forums

Saving for that down payment is going to be a long process. I can't buy until the child support payments end, and I will be able to get a fair amount stashed away by the time I'm ready to buy .I will probably be looking to buy sometime around bike show 2007 . I'd love to do it sooner but finances are critical...


1.36% of the purchase price is in the old savings account as we speak, I should be able to get about 25% or just a little better in the bank by next January. I was looking to buy this year but those reality checks are a pain in the butt...


Anybody else saving for their next dream???

Personally I'd save it up, collect interest on the cash in the bank and buy the darn thing outright. You can usually neogitate a better deal if you buy it outright as well. It's what I did with both of my bikes.

If you have to finance, I'd say finance as little as possible. Remember they charge you interest for borrowing their money. Meaning the bike ends up costing more then just buying.

$18000.

When I set up the poll, I put one more value there, but it didn't show up. That was 100%

Sevulturus wrote:Personally I'd save it up, collect interest on the cash in the bank and buy the darn thing outright. You can usually neogitate a better deal if you buy it outright as well. It's what I did with both of my bikes.

If you have to finance, I'd say finance as little as possible. Remember they charge you interest for borrowing their money. Meaning the bike ends up costing more then just buying.

Spoken as only a wise man could.....

bikeguy joe wrote:

Sevulturus wrote:Personally I'd save it up, collect interest on the cash in the bank and buy the darn thing outright. You can usually neogitate a better deal if you buy it outright as well. It's what I did with both of my bikes.

If you have to finance, I'd say finance as little as possible. Remember they charge you interest for borrowing their money. Meaning the bike ends up costing more then just buying.

Spoken as only a wise man could.....

Take it back!

I'm many things, but wise is not one of them.

I'd get a used bike and just pay cash, but that's just me. We all have different priorities. If I had 20k to spend on a bike I'd put 15k in my retirement account and buy a $5000 bike! I reaaaalllllyyyy don't want to work past 60 unless I just enjoy it. My wife says I work too hard... I just tell her that I plan on relaxing (or traveling or building a cabin in the woods, etc) with the same zeal

what will a $20,000.00 bike do that the virago in your avatar wont do????

9000white wrote:what will a $20,000.00 bike do that the virago in your avatar wont do????

Well that Virago has been a good re-entry bike for me. I have traveled to Calgary on it and it performed just fine. The problem was overall comfort, it's just not there. Everybody I've spoken to about the Venture have had nothing but praise for it's performance and comfort. I've been to the dealer and found that by just sitting on it, there is definitely a more ergonomic and comfortable feeling to it. And dolloar for dollar, you get a way more on the Venture than you would on a Goldwing, BMW or Harley. Besides, that Virago has about 126,000+ kilometers on it... or in Americanese, 78,292 miles. I guess it's just about broken in...

9000white wrote:what will a $20,000.00 bike do that the virago in your avatar wont do????

Depelete his funds by 20k...

Then again maybe he's after a full dress tourer. In which case I'd almost understand, those are some purty bikes.