Funding for a bike? From where?

[Conquiztador]

A mate wants a bike. Badly. And now.

But he has no money.

Came to me asking if I could help. But as I am a single dad with 3 boys (and there is the MotoX for 2 of them...) an looking to upgrade my self, I don't have any spare $$'s.

He has no house. Really nothing apart from a car and a job. I did not have any answers.

Any ideas?

[Mully]

Whore himself out to fat chicks.

Fat chicks need love too, they just gotta pay

[98tls]

As long as his credit rating is ok he should be able to get a loan from one of the lesser known finance companys though the problem there is the finance rate is likely to be huge,ok if he can pay it off quickly i guess.

[CookMySock]

Don't we all. Helping him deeper into dept isn't helping him at all.

Don't do it. Let him save up or get a better income.

Steve

[fire eyes]

yea mate I agree with Steve ... save up .. maybe take on a second job .. if he wants it that bad he'll work around the clock.

We all want a damned bike .. hell Im still a year on with no bike ..

[Xaria]

Have to agree, If he can service a loan and the expenses of running the bike and gear, go for it, otherwise wait.

In saying that; go to credit union, they love giving loans as long as you show you can pay it off

[Conquiztador]

He did find sometin on TM he liked. 8K. There is the GE Money thingy on. He tried. But as he had no record with them they refused.

Any other ones more relaxed?

[trumpy]

There is the GE Money thingy on....

Do not get within 50k's of these pricks......:nono:

[shafty]

Just cos he wants it, doesn't mean he should have it. Treasure earn't is far more valuable. Wonder why he has no spare dosh.......

[98tls]

He did find sometin on TM he liked. 8K. There is the GE Money thingy on. He tried. But as he had no record with them they refused.

Any other ones more relaxed? Am sure there are,he may well be best to spend some time on the phone ringing round the ones out of the yellow pages,would help if his cars not to old and worth a bit,can use anything like hps ie Smiths city etc as a credit reference.The problem is i guess the finance rate,as i said not so bad if hes able to pay it off quickly.

[Conquiztador]

Do not get within 50k's of these pricks......:nono:

Interesting, please tell me more.

[CookMySock]

Yeah credit unions are very helpful. Putting 20 bucks away every week feels small, but quite quickly theres a grand there, and then they will talk turkey.

Steve

[varminter]

I think if he was a good mate, and knowing your circumstances, he shouldn't have even asked you. $8k is a shit load for someone who's go no money, there are cheaper bikes out there. Tough love, or at least tough mateship.

[skidMark]

Sell the car...

Or save up $1000 and get a bike that needs work/ has had a slide...

Learn on it and go from there.

My first bike i got on my 2nd day working at my first job... (in a motorcycle shop)

"hey boss can i pay this off from my wages?"

"yeah sure why not"

Mother was not impressed that her son was now a motorbiker lol

Especially when a brand new bike on a dealer plate turns up in her garage space!!! :devil2:

[Bonez]

I think if he was a good mate, and knowing your circumstances, he shouldn't have even asked you. $8k is a shit load for someone who's go no money, there are cheaper bikes out there. Tough love, or at least tough mateship.Yeah sometimes it has to be done. Saving up gives you something to aim for.

[Conquiztador]

I think if he was a good mate, and knowing your circumstances, he shouldn't have even asked you. $8k is a shit load for someone who's go no money, there are cheaper bikes out there. Tough love, or at least tough mateship.

Well, if U don' ask U will not know. But he really wanted to know if I had any answers, not so much asking me for $$'s.

[98tls]

I think if he was a good mate, and knowing your circumstances, he shouldn't have even asked you. $8k is a shit load for someone who's go no money, there are cheaper bikes out there. Tough love, or at least tough mateship. Err the thread is about where the guy can get some dosh not about morals or mateship.

[rainman]

Do not get within 50k's of these pricks......:nono:

+1

Unless you have a rocket launcher... with a really good range!

Oh, and debt for consumption is usually bad, mmmmkay?

[fire eyes]

8 grand for a bike geez .. one Im looking at is 2500 lol .. anyway what about a personal loan from his bank ... they will see his banking history ... rates would be lower .. something to consider if he realllyyyyyyyyyyyyy doesnt want to wait.

[Conquiztador]

Err the thread is about where the guy can get some dosh not about morals or mateship.

Bling sent.

So anyone have anything apart from how to stay on the moral high ground away from debt that corrupts and gives us a wrong idea re how we should plan our life?

[YellowDog]

A mate wants a bike. Badly. And now.

But he has no money.

Came to me asking if I could help. But as I am a single dad with 3 boys (and there is the MotoX for 2 of them...) an looking to upgrade my self, I don't have any spare $$'s.

He has no house. Really nothing apart from a car and a job. I did not have any answers.

Any ideas?
My God, what's going on here?

"I have no money and I want to buy a bike?'

I would like to buy a speed boat. I don't have the money for one. I don't have the space for one, and I couldn't afford to run one. Does any one know how I can get one?

Bikes cost money.

No money = No bike

Save Money for a couple of years AND

Have Money = Can have bike.

Time to grow up FFS

[popa griffin]

[QUOTE=Conquiztador;2021742]There is the GE Money thingy on. He tried. But as he had no record with them they refused.QUOTE]


Woooo there, steer him away from GE, if hes going to get a loan (which i dont think he should) keep him away from fucking GE.

[Laxi]

Whore himself out to fat chicks.

Fat chicks need love too, they just gotta pay

hmmm fat chicks you say? as a mate always used to say, "you dont look at the mantlepiece when you're poking the fire":buggerd:

[jrandom]

hmmm fat chicks you say? as a mate always used to say, "you dont look at the mantlepiece when you're poking the fire"

Perhaps not, but you're ignoring the actual mechanical issues. Like finding the vagina in the dark, without temporary scaffolding.

Conquiztador, why does your mate need a car? Tell him to swap it for a motorcycle. Sorted.

[Insanity_rules]

hmmm fat chicks you say? as a mate always used to say, "you dont look at the mantlepiece when you're poking the fire":buggerd:

:whistle:
I wonder who this noble visonary was? Was it the same guy who coined the phrase "I'll clear a space so you can sit on my face"?

[98tls]

Bling sent.

So anyone have anything apart from how to stay on the moral high ground away from debt that corrupts and gives us a wrong idea re how we should plan our life? Seems so.:rolleyes:

[Laxi]

:whistle:
I wonder who this noble visonary was? Was it the same guy who coined the phrase "I'll clear a space so you can sit on my face"?

yeah, and how many fat chicks did that line get you?:Pokey:

[Headbanger]

You don't need lines to pump a fatty, Just need to look in their general direction.

[Insanity_rules]

yeah, and how many fat chicks did that line get you?:Pokey:

A few actually. Just had to clear a bigger space :shit:

[Laxi]

A few actually. Just had to clear a bigger space :shit:

funny, your missus keeps complaining about the lack of "space":bleh:

[Conquiztador]

Perhaps not, but you're ignoring the actual mechanical issues. Like finding the vagina in the dark, without temporary scaffolding.

Conquiztador, why does your mate need a car? Tell him to swap it for a motorcycle. Sorted.

Needs it for when he has the kids. And also to carry the tools in.

[jrandom]

kids

Ahhhhh.

Basically, his life's fucked, innit?

[Insanity_rules]

funny, your missus keeps complaining about the lack of "space":bleh:

Your Momma never complained :whistle:.

[mujambee]

He has no house. Really nothing apart from a car and a job.


Needs it for when he has the kids.

So basically he has a job, a car and a divorce; is that it?

Look at it from the bankers perspective: He's got a lot to pay for and nothing to cover for it. It is a high risk operation so it gets high risk interest rates.


Now, if he had a close relative with some property that could guarantee the loan, that may change things. I don't know the english words for this. It is not that he is putting a mortgage on his relative's property, but that his relative is legally bond to return the money if he fails to do so. It's quite common here for young people to be covered by their parents when buying their first car.

[Arnifix]

Do not use a finance company. If he is going to get a loan, shop around, find out the going rates for the different lenders because the finance companies generally charge higher % p.a. than banks do on credit cards.

[Stromble]

Have you tried www.interest.co.Nz - good list of all lenders and rates in nz..

[Stromble]

Also.. Another couple of questions...

Can he down trade his car to free up cash for bike or at least deposit?

And ultimate question is; does he have any disposable income to actually service a loan?

[awayatc]

does that mate of yours smoke by any chance...?

[nico]

could i sujest if he cant save, mabie you could look at his finanses see what he need's to live weekly and take the rest of him save it for him tuff love kinda thing come end of year he should be able to buy something sutible for a first bike, a treasure earnd is much more lickly to be looked after just my .2c dont have to listen but imho if he cant pay cash for at least half of bike waste of time the finance will kill him off :done:

[nico]

So basically he has a job, a car and a divorce; is that it?

Look at it from the bankers perspective: He's got a lot to pay for and nothing to cover for it. It is a high risk operation so it gets high risk interest rates.


Now, if he had a close relative with some property that could guarantee the loan, that may change things. I don't know the english words for this. It is not that he is putting a mortgage on his relative's property, but that his relative is legally bond to return the money if he fails to do so. It's quite common here for young people to be covered by their parents when buying their first car.

i think the tearm used is a gantourer we did that for brother in law's car how it works he dont pay i had to , luckly i made him save half first then montred him all worked out ok :wari:

[CookMySock]

i think the tearm used is a gantourer we did that for brother in law's car how it works he dont pay i had to , luckly i made him save half first then montred him all worked out ok :wari:That can work out, but if it doesn't its a fast way to lose a good friend. Is it worth it?

Don't do money with friends! Do piss drinking, motorcycle crashing, dope smoking, girl sharing, cop avoiding, crop growing, or anything you like, but don't do money.

Steve

[nico]

That can work out, but if it doesn't its a fast way to lose a good friend. Is it worth it?

Don't do money with friends! Do piss drinking, motorcycle crashing, dope smoking, girl sharing, cop avoiding, crop growing, or anything you like, but don't do money.

Steve

good call and the same should go for money and family aswell in most cases

[awayatc]

Don't do money with friends! , girl sharing, or anything you like, but don't do money.

Steve

very generous and unselfish of you my friend.......

Please send picture of girl....

[Tubbsy]

i think the tearm used is a gantourer we did that for brother in law's car how it works he dont pay i had to , luckly i made him save half first then montred him all worked out ok :wari:

Term is "Guaranteur"

My take on this....if someone needs your help to get into debt because they can't do it themselves, they will be in over their heads, no matter how much he wants a bike.:no:

[MarkH]

Has this mate checked to see if there are any dying relatives that he can suck up to?

[fire eyes]

That can work out, but if it doesn't its a fast way to lose a good friend. Is it worth it?

Don't do money with friends! Do piss drinking, motorcycle crashing, dope smoking, girl sharing, cop avoiding, crop growing, or anything you like, but don't do money.

Steve

Girl sharing steve?????

Has choccy read your post!!!!!!!!!!!! lol :bash:

[Woodman]

Never ever ever go guarantor for any one ever. The rules of guarantor mean that the guarantor is more liable than the person with the loan, and the courts will chase the guarantor not the person with the goods.:bash:

If he is having that much trouble getting a loan, maybe he shouldn't get one as the risk is obviously too high.

Good luck anyway

[scumdog]

A mate wants a bike. Badly. And now.

But he has no money.

Came to me asking if I could help. But as I am a single dad with 3 boys (and there is the MotoX for 2 of them...) an looking to upgrade my self, I don't have any spare $$'s.

He has no house. Really nothing apart from a car and a job. I did not have any answers.

Any ideas?

Yup.

Your mate has met a reality of life.

"Now' ain't a distinct likelihood for him.

[Maki]

I have no money and I badly want a Gulfstream GV and now.
("Gulfstream V, the world's first ultra-long range business jet. The Gulfstream V features the most sophisticated technology available to support the rigorous demands of intercontinental missions. From the unique engine design and highly advanced communications capabilities to the cabin that offers maximum passenger comfort and flexibility, the Gulfstream V continues the Gulfstream legacy of innovation and high quality. The Gulfstream V's ability to travel nonstop for 6,500 nautical miles at speeds up to Mach 0.885 sets the benchmark for world travel. For the first time, nonstop business travel between destinations such as Aspen and Rome, London and Singapore, San Francisco and Moscow, and New York and Tokyo is routine.")

I asked my mates for help but they spent all their dosh on beer. I tried GE money but they didn't want to know. Any answers?

[Bonez]

I have no money and I badly want a Gulfstream GV and now.
("Gulfstream V, the world's first ultra-long range business jet. The Gulfstream V features the most sophisticated technology available to support the rigorous demands of intercontinental missions. From the unique engine design and highly advanced communications capabilities to the cabin that offers maximum passenger comfort and flexibility, the Gulfstream V continues the Gulfstream legacy of innovation and high quality. The Gulfstream V's ability to travel nonstop for 6,500 nautical miles at speeds up to Mach 0.885 sets the benchmark for world travel. For the first time, nonstop business travel between destinations such as Aspen and Rome, London and Singapore, San Francisco and Moscow, and New York and Tokyo is routine.")

I asked my mates for help but they spent all their dosh on beer. I tried GE money but they didn't want to know. Any answers?I beleive the gummerment are about to sell the shithawks. You might be able to get one cheap.

[Taz]

Colemans ad in motorcycle trader says "Do you have a job?, Got a motorcycle license?, Have a Bank account?, Got 20 minutes to spare?
GOOD NEWS YOU ARE APPROVED

I'd Tell your mate to try them.

[saltydog]

Ahhhhh.

Basically, his life's fucked, innit?

"Parents ruin the first half of your life and kids ruin the second half"

Nothing to do with a mate that needs cash fast.
What about an interviewing for Police 10-7 perhaps?

[Patch]

Ahhhhh.

Basically, his life's fucked, innit?
not as fucked as someone not having a license for nine months :laugh:


The best thing to do is save for it - less expensive in the long run. Finance companies/banks are just a bunch of thieving bastards with a flash office.

[rosie631]

Havn't got any constructive ideas but I feel for the guy. Hope he comes up with something.

[scracha]

Havn't got any constructive ideas but I feel for the guy. Hope he comes up with something.

I'd suggest the guy gets a job but............................

OMG A TROLL

[scumdog]

Havn't got any constructive ideas but I feel for the guy. Hope he comes up with something.

Yeah, me too.

Like a winning Lotto ticket......

Sorry if my realistic side shows through.

[nico]

I have no money and I badly want a Gulfstream GV and now.
("Gulfstream V, the world's first ultra-long range business jet. The Gulfstream V features the most sophisticated technology available to support the rigorous demands of intercontinental missions. From the unique engine design and highly advanced communications capabilities to the cabin that offers maximum passenger comfort and flexibility, the Gulfstream V continues the Gulfstream legacy of innovation and high quality. The Gulfstream V's ability to travel nonstop for 6,500 nautical miles at speeds up to Mach 0.885 sets the benchmark for world travel. For the first time, nonstop business travel between destinations such as Aspen and Rome, London and Singapore, San Francisco and Moscow, and New York and Tokyo is routine.")

I asked my mates for help but they spent all their dosh on beer. I tried GE money but they didn't want to know. Any answers?

the us marines had one at airport the other day im sure if ud swap for beer money theyd given it to you :rockon::rockon: the 4's aint bad either

[Conquiztador]

After some ringin around and some emailing he has now found a finance company that is prepared to lend him $5K over 12 - 36 months. They will take the car and the bike he is buying as security should he fault on the payments. The interest is high-ish.

But as he has a decent income he is secure in the knowledge that he will be OK. And if he decides to pay it back early there is only a $50 fee, and he will save all that interest.

So as he has the OK he is now out shopping.

Thanks to the ones who gave constructive suggestions. To all the ones in their moral ivory towers who consider buying a bike a previledge for the well of, you must be proud of your ability to produce shit without smell...

[scumdog]

Thanks to the ones who gave constructive suggestions. To all the ones in their moral ivory towers who consider buying a bike a previledge for the well of, you must be proud of your ability to produce shit without smell...

Thank ya suh!

Keep us all posted on how his journey of motorbike purchase and ownership go, ok?

[munterk6]

unbelievable! I have also had offers from 'mates' to let me help them out with goods and money..........a privelege and now I find out I'm not alone..:weep:
I too could barely believe what I was hearing, must be gettin' old :weep:

[RocKai]

I hope he doesn't crash it
Then the pile of shit will come true
Get insurance and he'll eat 2 minutes noodles for the next 12-36 months
...plus interest on both.

[tigertim20]

I would be inclined to say go to the bank.
The one thing you havent told us though is how much expendible income does he have?
And why the fuck does he feel he needs to spend 8 grand on a first bike (I am assuming that he hasnt had a bike bfore here) that he will probably drop sooner or later anyway?

Put some cash aside each week. Buy a shitter he can fix up a bit,(keep putting money aside) and learn on, then upgrade in a year or three.

Plenty of good bikes out there for 5k and less if you look around.

[cave weta]

I stole my first bike!

several times.... my elder brother had a kawasaki and he worked shift work
at Glenbrook. I used to disconnect his speedo and ride his bike after school.
I did it for months- no point in investing all that money till you know motorcycling is for you!

Perhaps your mate has a relative or a neighbor with a nice bike?
I recommend stealing a trailbike first as they are more durable and its easier to disguise small scratches and dings with a bit of mud wiped here and there.
Then when the owner finds the scrapes later - he'll think he did it!:scooter:

[Conquiztador]

I would be inclined to say go to the bank.
The one thing you havent told us though is how much expendible income does he have?
And why the fuck does he feel he needs to spend 8 grand on a first bike (I am assuming that he hasnt had a bike bfore here) that he will probably drop sooner or later anyway?

Put some cash aside each week. Buy a shitter he can fix up a bit,(keep putting money aside) and learn on, then upgrade in a year or three.

Plenty of good bikes out there for 5k and less if you look around.

Yep, he has been riding before. Approx 5 years ago last. Sadly the bank is not interested. But as I mentioned, he found a finance company that is interested. After the weekly bills etc. He has approx $ 100 - 200 left. Normally it goes to whatever. And he was not able to get a $8K loan, but a $5K one. And by getting the $5K loan he will now pay back weekly. And he can get back on the road. And that was the reason for this exercise.

I hear you all that are promoting the "do it the hard way, thats what I did" road. It is what I did when young. And it is what he did years ago too. But this time the only thing he wanted was to find a way of getting a bike and do riding without spending evenings and nights in the shed.

So a happy ending. He is still looking at what bike to get, but the money is already in the bank.

[tigertim20]

awesome, glad he is nearly back on two wheels!!!
Still heaps of good bikes out there within that price range!

[mujambee]

Glad to see he could make it.

[munterk6]

aaaahh..debt.
Its a beautiful thang :calm:

[Conquiztador]

aaaahh..debt.
Its a beautiful thang :calm:

Well, there was two options:

1. Save money weekly until he had enough to buy a working bike. Could take anything from 6 months to 2 years. And there had been no riding while saving.

2. Find the money, pay it back with interest and ride now.

I know what I would prefer.

You never know what is around the corner. Let's say life turns to crap a year from now for him and he was saving for that bike. This way he would have a year of riding.

You can not change the past.
Nobody knows what happens in the future.
The only thing you can do something about is the now.

I spoke with him yesterday re this thread. He is not much in to computers and not interested to be on here. But wanted me to say the following on his behalf:

"Thanks to the ones who have taken the time to reply here no matter what their opinion is. I spent years working long hours for the marriage and my familys future. I did sacrifices. It has now turned to crap and I am left to pick up the pieces. No more will I spend my time for someone elses happiness. Now it is my turn. I want to be riding, so I will be riding. Time to look after #1."

[NOWOOL]

I get a kick out of people wanting to buy stuff on loans. Pretty much defeats the whole reason most people buy stuff for 'status' symbols. If you don't pay cash then you couldn't afford it.

[MarkH]

I get a kick out of people wanting to buy stuff on loans. Pretty much defeats the whole reason most people buy stuff for 'status' symbols. If you don't pay cash then you couldn't afford it.

If a finance company or bank is willing to lend you the money then that would suggest than you CAN afford it, even if you don't have the necessary money in your bank right now. It seems to me that often you know that you could save for a year and buy something or you could borrow the money and take 14 months to pay it off, but borrowing the money lets you have an extra year of use of the bike (or whatever) so it is worth paying some interest to have the bike now.