Funding for a bike? From where?

[RocKai]

I hope he doesn't crash it
Then the pile of shit will come true
Get insurance and he'll eat 2 minutes noodles for the next 12-36 months
...plus interest on both.

[tigertim20]

I would be inclined to say go to the bank.
The one thing you havent told us though is how much expendible income does he have?
And why the fuck does he feel he needs to spend 8 grand on a first bike (I am assuming that he hasnt had a bike bfore here) that he will probably drop sooner or later anyway?

Put some cash aside each week. Buy a shitter he can fix up a bit,(keep putting money aside) and learn on, then upgrade in a year or three.

Plenty of good bikes out there for 5k and less if you look around.

[cave weta]

I stole my first bike!

several times.... my elder brother had a kawasaki and he worked shift work
at Glenbrook. I used to disconnect his speedo and ride his bike after school.
I did it for months- no point in investing all that money till you know motorcycling is for you!

Perhaps your mate has a relative or a neighbor with a nice bike?
I recommend stealing a trailbike first as they are more durable and its easier to disguise small scratches and dings with a bit of mud wiped here and there.
Then when the owner finds the scrapes later - he'll think he did it!

[Conquiztador]

I would be inclined to say go to the bank.
The one thing you havent told us though is how much expendible income does he have?
And why the fuck does he feel he needs to spend 8 grand on a first bike (I am assuming that he hasnt had a bike bfore here) that he will probably drop sooner or later anyway?

Put some cash aside each week. Buy a shitter he can fix up a bit,(keep putting money aside) and learn on, then upgrade in a year or three.

Plenty of good bikes out there for 5k and less if you look around.

Yep, he has been riding before. Approx 5 years ago last. Sadly the bank is not interested. But as I mentioned, he found a finance company that is interested. After the weekly bills etc. He has approx $ 100 - 200 left. Normally it goes to whatever. And he was not able to get a $8K loan, but a $5K one. And by getting the $5K loan he will now pay back weekly. And he can get back on the road. And that was the reason for this exercise.

I hear you all that are promoting the "do it the hard way, thats what I did" road. It is what I did when young. And it is what he did years ago too. But this time the only thing he wanted was to find a way of getting a bike and do riding without spending evenings and nights in the shed.

So a happy ending. He is still looking at what bike to get, but the money is already in the bank.

[tigertim20]

awesome, glad he is nearly back on two wheels!!!
Still heaps of good bikes out there within that price range!

[mujambee]

Glad to see he could make it.

[munterk6]

aaaahh..debt.
Its a beautiful thang

[Conquiztador]

aaaahh..debt.
Its a beautiful thang

Well, there was two options:

1. Save money weekly until he had enough to buy a working bike. Could take anything from 6 months to 2 years. And there had been no riding while saving.

2. Find the money, pay it back with interest and ride now.

I know what I would prefer.

You never know what is around the corner. Let's say life turns to crap a year from now for him and he was saving for that bike. This way he would have a year of riding.

You can not change the past.
Nobody knows what happens in the future.
The only thing you can do something about is the now.

I spoke with him yesterday re this thread. He is not much in to computers and not interested to be on here. But wanted me to say the following on his behalf:

"Thanks to the ones who have taken the time to reply here no matter what their opinion is. I spent years working long hours for the marriage and my familys future. I did sacrifices. It has now turned to crap and I am left to pick up the pieces. No more will I spend my time for someone elses happiness. Now it is my turn. I want to be riding, so I will be riding. Time to look after #1."

[NOWOOL]

I get a kick out of people wanting to buy stuff on loans. Pretty much defeats the whole reason most people buy stuff for 'status' symbols. If you don't pay cash then you couldn't afford it.

[MarkH]

I get a kick out of people wanting to buy stuff on loans. Pretty much defeats the whole reason most people buy stuff for 'status' symbols. If you don't pay cash then you couldn't afford it.

If a finance company or bank is willing to lend you the money then that would suggest than you CAN afford it, even if you don't have the necessary money in your bank right now. It seems to me that often you know that you could save for a year and buy something or you could borrow the money and take 14 months to pay it off, but borrowing the money lets you have an extra year of use of the bike (or whatever) so it is worth paying some interest to have the bike now.