What do you pay for your toy?

[cowpoos]

Yes I like this idea.

So as a rough guideline, would a leased bike, including full servicing and insurance but excluding tyres cost the same per month as financing the bike over say 5yrs????

ah...dunno...yet to be worked out...and insurance would be rider responsability as cost varies hugely depend on age,sex and history...tyres would be included in deal within reasonable use

[Finn]

I say if you can't pay cash then you can't afford it.

[The Stranger:Me]

what do you pay fortnightly for your bike...alot of you will HP your bike
so whats an average figure?

Are you referring to all up running costs?
If so, using the AA's car running costs as a guide I estimate it costs about $220.00 per fortnight.

This makes a few assumptions (which would I admit vary widely) as follows

15,000 km travelled PA
$1,500.00 depreciation
$550.00 a set for tyres and 7,500km from a set.
7 litres per 100km and 95 fuel at $1.50 a litre.

Changing the distance travelled to 25,000km (nearer to what I travel) increases the cost per fortnight to just over $300.00

[cowpoos]

I say if you can't pay cash then you can't afford it.

I'll PM u my bank account number then

u get ya injection sorted ?

[cowpoos]

Are you referring to all up running costs?
If so, using the AA's car running costs as a guide I estimate it costs about $220.00 per fortnight.

This makes a few assumptions (which would I admit vary widely) as follows

15,000 km travelled PA
$1,500.00 depreciation
$550.00 a set for tyres and 7,500km from a set.
7 litres per 100km and 95 fuel at $1.50 a litre.

Changing the distance travelled to 25,000km (nearer to what I travel) increases the cost per fortnight to just over $300.00

you might find that depreciation figure is a mile out [most sports bikes lose half their value in the first three years]...and you left out maintianence.sevicing costs etc...

but I would imagine your figure wouldn't be to far off for a bike...

[The_Dover]

u get ya injection sorted ?

yeah, I just have to worm him and put a flea collar on now.

[The Stranger:Me]

you might find that depreciation figure is a mile out [most sports bikes lose half their value in the first three years]...and you left out maintianence.sevicing costs etc...

but I would imagine your figure wouldn't be to far off for a bike...

Yes as you say, a new bike could loose more, was trying to strike a balance, but based roughly around what I believe my bikes cost me.

The AA's figures include servicing, interest, rego, warrant and as such, I did include figures for those things, and a few others.

[imdying]

What happens if the punter ends up with (for example) a GSXR1000 with an electrical problem that just can't be fixed?

[cowpoos]

What happens if the punter ends up with (for example) a GSXR1000 with an electrical problem that just can't be fixed?

well a lease company has a contract with a person to supply X vehicle for X term for X money...you would get a replacement/new one...its not like a dealership where once the finance contract is signed they could potentually dick you around if theres a problem...

[imdying]

well a lease company has a contract with a person to supply X vehicle for X term for X money...you would get a replacement/new one...its not like a dealership where once the finance contract is signed they could potentually dick you around if theres a problem...

So as far as servicing, or having things fixed goes, it just goes straight back to the company, and you ride off on another? How many spare GSXR1000s will they have hanging around?

[scracha]

Unless it was an emergency I'd never ever take a finance (unless it was one of them pay it off within a year for zero interest but even then they normally just shaft you on the purchase price) on a fast depreciating item like a car or motorpsyche. In my yoof I learn't the hard way just how quick you can get into debt and just how many years how long it takes to pay the @$ckers back. Couldn't handle the stress if it all. Now I just buy what I can afford so that's why I normally just get $hite old bikes.

[Ixion]

I say if you can't pay cash then you can't afford it.

Good lord. You need to have an urgent talk with your accountant about gearing.

[cowpoos]

So as far as servicing, or having things fixed goes, it just goes straight back to the company, and you ride off on another? How many spare GSXR1000s will they have hanging around?

no no...lol...you get it serviced at a local dealer as normal ya just wouldn't pay for it...and if a replacement is need you'ld get one pretty quick...

[Finn]

Good lord. You need to have an urgent talk with your accountant about gearing.

He's an accountant. What would he know about motorbikes?

Gearing is fine for appreciating assets as long as capital gain is higher than the cost of money. Call me old school...

[doc]

Gearing is fine for appreciating assets as long as capital gain is higher than the cost of money. Call me old school...

They will never learn. Toys are what you buy when you can afford it. They want the toys now and grizzle about the cost of housing going up. Only us older chaps should be riding new bikes the young upstarts should be just dreaming about owning one one day. Finance is for losers