Who owns your bike??

**Hitcher** · 12th February 2004, 11:11

I was at a presentation earlier this week where a statement was made that 80 percent of all vehicles sold in New Zealand are financed!

**MrMelon** · 12th February 2004, 11:15

I've got a bit of a habit of paying cash for all the toys I get.

**duckman** · 12th February 2004, 11:47

I paid half and financed the other half. It took me two years to pay it off.

But now it MINE ALL MINE.. Bwhahahahahaha

**Zed** · 12th February 2004, 11:49

My current bike I paid cash for. Sometimes I pay cash, other times I finance...all depends on how our bank balance looks and my level of patience in waiting.

In todays "microwave world" one can have everything they want immediately if their credit is good- this is an evil which I have seen under the sun, and it is common among men! :sneaky2:

The borrower is servant to the lender, and there are many who will be servants all of their lives. Who owns your house for instance?

Zed

**Big Dog** · 12th February 2004, 11:53

3 months to go.

I won't say never again, however next time I will be dissapointed if I have to finance.

Finance will only happen again if I have no bike at all.

**SpankMe** · 12th February 2004, 12:03

My SV650s was the only bike I paid cash for. I then used that for a deposit on the SV1000s.

**James Deuce** · 12th February 2004, 12:10

Originally Posted by Big Dog

3 months to go.

I won't say never again, however next time I will be dissapointed if I have to finance.

Finance will only happen again if I have no bike at all.

That's what happened to me.

Thankfully I got a lot of 'bike for the money.

At least we don't owe anything on our cars. We try to replace one car every four-five years on a trade-in/deposit/50% for 3 years finance deal. Makes it reasonably easy to mange without paying the value of the vehicle again in interest.

**jrandom** · 12th February 2004, 12:23

Had to finance most of the FXR. Didn't have $6.5K cash for a new bike and gear. Still paying it off, but it doesn't bother me much. I don't mind borrowing if it's well-considered. I wouldn't have done the same if it'd been a 'toy bike', though.

When it's all paid for next year, I'll probably use it as a deposit on a Real Bike (tm) and start all over again... I'm not likely to have 10K-sized wads of cash laying around any time in the next decade or so.

**Andrew** · 12th February 2004, 12:55

Apparently my boss owns my bike. Does that mean he's responsible for footing the bill for repairs on the bike?

**k14** · 12th February 2004, 12:58

I had to borrow about 2 grand from the bank for my baby. Good to have the student package with national bank, cause i paid like $20 interest and a $50 establishment fee and thats all. Will have it paid off in about 2 weeks

My leathers are another story though, Mr Visa still has full ownership of them, but hopefully only for another week or so.

**curious george** · 12th February 2004, 14:18

Mine!~!!All Mine!!! It has been very tempting to hp something like a TL1000 or a Duke, but apparently the house is more important

One day, I'd like to just hand over the cash for my bike of choice.

The bike fund stands at $3.50 now.

**kasper** · 12th February 2004, 14:29

Paid cash for all three bike I have owned. also paid cash for all repairs.

Still prefer my first bike and still riding it.

**Jackrat** · 12th February 2004, 14:33

I do.
I don't like to use credit for anything,I would rather ride an older bike than support finance companys.I got caught out badly by the 88-89 share market crash,even though I was not involed myself the carry over effect hit the company I worked for at time.Now even though we don,t own the flashest stuff in town,every thing we do own is ours.
It's a very good feeling.