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Thread: Buy outright or finance?

  1. #1
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    12th January 2010 - 21:38
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    Buy outright or finance?

    Hi everyone.
    I was wondering how many people buy their bikes outright and how many get finance or a loan or whatever?
    I want to get a new bike (new to me, not necessarily brand new) and I wanted people opinions of whether it's worth it to get finance or should I just save up until I can buy it outright?

    I can see advantages and disadvantages to both so just want peoples opinions at this stage.

    Cheers.
    Never in the field of human conflict has so much been owed to so few by so many cheese eating surrender monkeys.
    (Winston Churchill on the French.)

  2. #2
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    24th July 2006 - 11:53
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    Never, never borrow money to pay for a depreciating asset.


    Never.
    Go soothingly on the grease mud, as there lurks the skid demon

  3. #3
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    12th January 2010 - 21:38
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    Quote Originally Posted by Ocean1 View Post
    Never, never borrow money to pay for a depreciating asset.


    Never.
    That was kinda what I was thinking, but I'd hoped someone would reassure me otherwise. I want it now
    Never in the field of human conflict has so much been owed to so few by so many cheese eating surrender monkeys.
    (Winston Churchill on the French.)

  4. #4
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    19th January 2006 - 19:13
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    Personally i say buy it by saving mate,having a mortgage is bad enough ,the idea of having payments for a bike as well doesnt do anything for me.Depends on plenty of things i suppose,job security being top of the list these days eh.
    Be the person your dog thinks you are...

  5. #5
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    Quote Originally Posted by Ocean1 View Post
    Never, never borrow money to pay for a depreciating asset.


    Never.
    No matter how cheap the repayment terms may seem.
    I never get lost. I go on adventures

  6. #6
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    12th January 2010 - 21:38
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    Fair enough. Those were my thoughts anyway I guess. Thanks for making me rethink something I might regret in a short time.
    Never in the field of human conflict has so much been owed to so few by so many cheese eating surrender monkeys.
    (Winston Churchill on the French.)

  7. #7
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    Quote Originally Posted by Ocean1 View Post
    Never, never borrow money to pay for a depreciating asset.


    Never.
    You sound like you have paid for your own wedding before. Maybe even more than once.
    I have evolved as a KB member.Now nothing I say should be taken seriously.

  8. #8
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    Quote Originally Posted by mossy1200 View Post
    You sound like you have paid for your own wedding before. Maybe even more than once.

    Would that I could pay for my own funeral more than once.
    Go soothingly on the grease mud, as there lurks the skid demon

  9. #9
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    Quote Originally Posted by Spazman727 View Post
    Fair enough. Those were my thoughts anyway I guess.
    'Course, those Buell 1125CRs are an APPRECIATING asset...


    ... if you can find one...
    Go soothingly on the grease mud, as there lurks the skid demon

  10. #10
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    Quote Originally Posted by Ocean1 View Post
    'Course, those Buell 1125CRs are an APPRECIATING asset...


    ... if you can find one...
    Knowing my luck so far even if I got one of those it would turn out to be depreciating asset.
    Never in the field of human conflict has so much been owed to so few by so many cheese eating surrender monkeys.
    (Winston Churchill on the French.)

  11. #11
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    9th May 2008 - 21:23
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    Quote Originally Posted by Ocean1 View Post
    Never, never borrow money to pay for a depreciating asset.


    Never.
    +1 on that principle.

  12. #12
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    19th January 2006 - 19:13
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    Have a sort through this,might be one in there.
    Attached Thumbnails Attached Thumbnails Click image for larger version. 

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    Be the person your dog thinks you are...

  13. #13
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    15th October 2008 - 07:28
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    i paid cash for my harley brand new

    only because they wouldnt take a credit card and the bank wanted 10 bucks for a cheque so i said 10 bucks?!!! no way give it to in me cash then
    the old bank balance looked mighty low for a long time though after that wasnt a nice feeling

  14. #14
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    13th December 2008 - 18:22
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    I just borrow cash off my old lady. Instant win.

  15. #15
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    14th August 2011 - 14:32
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    Credit unions are probably the fairest way to borrow money.

    I bought my first HD with a credit union loan,,very low interest,no jumping through hoops to get the loan.

    Plus my repayments were less than what I'd already been putting into the CU for the 12 months previous.

    Any other way of financing simply costs to much and even with full insurance if you lose the bike some how your still going to come out of it well out of pocket..

    Finance co's and insurance co's all went to the same thief classes.

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