Are you paying off your bike?

[JohnBoy]

I'd already saved half the value of the bike & got a personal loan from my bank at a very good rate (but not as good as JohnBoy!!!).

if you keen... and i know that i have a soft spot for the new trumph as well, go and talk to the guys at hamilton motorcycle centre, they have a company policy to not make money on the intrest that us mere mortals pay. hence why i am only paying 8.2%, this is worked out completly on how much you borrow... any more than that the shop is ripping you off!
but not too sure with new bikes, they might have some different setup. got mine through MTF

[Slim]

if you keen... and i know that i have a soft spot for the new trumph as well, go and talk to the guys at hamilton motorcycle centre, they have a company policy to not make money on the intrest that us mere mortals pay. hence why i am only paying 8.2%, this is worked out completly on how much you borrow... any more than that the shop is ripping you off!
but not too sure with new bikes, they might have some different setup. got mine through MTF

That's 4% better than the interest rate on my personal loan!

I was aware of Hamilton Motorcycle's policy about MTF finance rates, but I didn't realise the MTF base interest rate was that low. :love2:

[Juan]

Looks like you ARE buying the Triumph then

[Slim]

Looks like you ARE buying the Triumph then

Errrmmmm..... Weeeelllllll ..... Maybe if I wait until later in 2005 they'll put a discount on whatever stock they've got left to get rid of it???? Completely forgetting, of course, that they haven't had a new Daytona 600 in the shop since I rode the test model back in Feb or March!


See what happens. My local Triumph dealer doesn't even know how they're going to be priced yet (and neither did the Triumph dealer I spoke to at Phillip Island, for that matter) let alone actually have one in the country, so I can feel good about myself putting it off for a bit longer yet.

[vifferman]

First bike - sold everything I could think of, including my sister's bicycle, and my parents loaned me the rest. Paid it off in less than a year working part-time in a shop.

Second bike - paid cash. Proceeds of insurance on the first plus some money I saved while being bikeless and working in the shop.
Third bike - Freebie! But I spent $600 fixing it up.
Fourth bike - cash. Inherited the money when my grandmother died. Paid for it for months because I used the money for a bike instead of some furniture.
Fifth bike - personal loan on balance remaining from proceeds of sale of previous bike.
Sixth bike - Insurance money plus cash.
Next bike (?) - Depends on circumstances (bike cost and lust factor, cash-flow, etc.) Might have to sell one of the kids into slavery for the right bike.

I've had a few cars over the years too. Some paid for, but most via a top-up of the mortgage, or a bank loan (cheaper than HP from dealer). Of the current three, two were paid for in cash, one was added to revolving credit but is now paid off. One car is now half-owned by one of the boys ($120/week).

[JohnBoy]

See what happens. My local Triumph dealer doesn't even know how they're going to be priced yet.

im sure Heath will take an advance deposit!! he is good like that