Buy outright or finance?

**p.dath** · 25th October 2012, 11:14

Originally Posted by Banditbandit

A motorcycle is an asset? Yeah right ... if you see it that way what the fuck are you doing on one? Saving money ?

Ocean1 is clearly correct. A motorcycle is an asset. Generally, if you can kick it - it's an asset.

**phill-k** · 25th October 2012, 11:49

Originally Posted by Ocean1

Never, never borrow money to pay for a depreciating asset.

Never.

Unless that depreciation is a taxable expense

**Ocean1** · 25th October 2012, 11:54

Originally Posted by phill-k

Unless that depreciation is a taxable expense

You hear that a lot.

It's still an expense, and it only makes sense if it's earning more than it's costing you. In which case you'll be paying more tax, not less.

**Brian d marge** · 25th October 2012, 12:03

Originally Posted by JafaSaffer

I paid 60% cash and financed the rest over 24 months. My bike was $43k which was a bit much to pay cash all at once for me.

But if you can save up and buy cash.

43k

bloody ell

thats a house that is

I cant justify spending money on a bike , ( I have a few !) , Ive been racing Honda CRs for a few years now and Enfield for the last 4 ( maybe ) , I’m building a chopped road bike , started that last week hope to finish April next year .

I wouldn’t have spent 5k total ...

I’m definitely paying cash for my toys ...the only depreciating asset I am paying for is the wife ( looking like she needs a new CPU as the current one is on the blink )

Stephen

PS u can get some really class machines if you look ,,,toddles off to trade me

**JafaSaffer** · 25th October 2012, 12:30

Originally Posted by Brian d marge

43k

bloody ell

thats a house that is

I cant justify spending money on a bike , ( I have a few !) , Ive been racing Honda CRs for a few years now and Enfield for the last 4 ( maybe ) , I’m building a chopped road bike , started that last week hope to finish April next year .

I wouldn’t have spent 5k total ...

I’m definitely paying cash for my toys ...the only depreciating asset I am paying for is the wife ( looking like she needs a new CPU as the current one is on the blink )

Stephen

PS u can get some really class machines if you look ,,,toddles off to trade me

The Panigale will have to last me a while, that's for sure. But you are correct, there are some great bikes out there which are very well priced.

**Banditbandit** · 25th October 2012, 14:48

Originally Posted by p.dath

Ocean1 is clearly correct. A motorcycle is an asset. Generally, if you can kick it - it's an asset.

I kick many things ... cats, dogs, tax inspectors ... does that make them an asset??

Technically, it is an asset - that is not why I own a motorcycle ... and I certainly do not see it as an asset ... it's part of my life support system, my therapy ... part of my personality ...

People pay thousands of dollars to lie on a couch and talk nonsense to head shrinks ... I spend the same money on my therapy and relaxation ... combined with a modicum of anger management by release of tension, revolt against the system ... and so on ...

Definitely not an asset in MY life .. borrow money to get one? Hell YES ...

**ducatilover** · 25th October 2012, 15:04

Personally I think throwing a deposit and paying something off fast is okay.
I don't like owing money though and I f*cking hate spending money, especially more than I need to.

So, I don't borrow (done that, 'twas ghey)
But I also don't make much money and have two shit bikes, and I'm the happiest bastard on my road.

**Muppet** · 25th October 2012, 15:51

Originally Posted by Zamiam

If you want something and can handle the repayments then FFS go out and buy it. You're a long time dead and should your circumstances change hopefully you can sell it for more than the balance outstanding. As for paying twice the price of the item, bullshit. Even if you borrowed 100% at credit card rates you;d have to take the loan out over more thn five years or so to pay the same amount of interest as the principle borrowed.

It's a really simply equation. If enjoyment factor is worth more to you than the interest bill, then go for it. It you smoke then give up the ciggies and the chances are you'll save more than the interest, if you don't smoke then say to yourself, if I did I'd be spending $100 or so a week on ciggies so the interest is a cheap vice.

All you play it safer's are either Honda riders or need to start taking the bus. Lifes to be lived NOT saved for!

I can't believe I'm agreeing with this Harley fag

, but he's right. Maybe you need a couple of health scares, like a near death crash or some skin cancers to frighten you into realising that you could be gone tomorrow. Just go to the bank with cap in hand and borrow the friggin money! Then come back onto KB and tell me and the boys about your new bike.

**Banditbandit** · 25th October 2012, 16:04

Originally Posted by ducatilover

Personally I think throwing a deposit and paying something off fast is okay.
I don't like owing money though and I f*cking hate spending money, especially more than I need to.

So, I don't borrow (done that, 'twas ghey)
But I also don't make much money and have two shit bikes, and I'm the happiest bastard on my road.

See below ... Muppet's right ...

Originally Posted by Muppet

I can't believe I'm agreeing with this Harley fag

, but he's right. Maybe you need a couple of health scares, like a near death crash or some skin cancers to frighten you into realising that you could be gone tomorrow. Just go to the bank with cap in hand and borrow the friggin money! Then come back onto KB and tell me and the boys about your new bike.

**Muppet** · 25th October 2012, 16:14

Originally Posted by Banditbandit

See below ... Muppet's right ...

I didn't see that post by Ducatilover, he's right too!

**Spazman727** · 25th October 2012, 16:26

At least until I figure out how much more my new job is gonna pay me I'm gonna stick with my current bike. It handles gravel roads fine and I'ts not a huge deal to wait a wee while before I tackle anything much more adventurous.

I don't really like the idea of giving all my spare money to the bank.

**ducatilover** · 25th October 2012, 16:53

Originally Posted by Banditbandit

See below ... Muppet's right ...

I've had a fairly decent splat on a bike and many near death things, but doesn't make me want finance.
One does not need expensive toys to be happy

**Akzle** · 25th October 2012, 18:25

Originally Posted by Spazman727

I don't really like the idea of giving all my spare money to the bank.

you say that like you don't give the rest of "your money" to the bank. (i think you'll find, you do)
check out the OBR. hilarity.

anyway.
enough KB shit.
buy a bike you blouse. then we'll all race you.

...to the death.

**bogan** · 25th October 2012, 18:39

Originally Posted by jrandom

Starting every time without fail and being wear-induced-gremlin free, a year or two of manufacturer's warranty, and pretty much being able to guarantee the nature and interval of servicing and part replacement over the next 50,000km or so is important to some people. Like me. Particularly when the bike in question isn't just a secondary or tertiary vehicle / toy.

10yo bikes are still plenty reliable if you buy a decent one. Mine just hit the 25 year mark, and just about to roll over to 0km again, still starts every time.

Paying thousands of dollars more for piece of mind is fine, but if money is tight people should realise that's about the only benefit of buying new. Apart from the rider's taste in bikes of course, but there's no accounting for that.