BassAgent
2013-02-04 06:29:00 UTC
So as you all know my superduke has givin me the biggest load of problems ever. I'd say my ratio of 'riding it' to 'it being broken and unable to ride' is about 1:10.
Earlier this week my stupid clutch resevoir cap flew off, unable to be found. So I am yet again unable to ride it (It almost seemed like a couple tweaks I did got it to work too, and that was the first day back out on it GAH!!)
In the past month or so I had been considering buying another bike to add to my collection that I would be able to ride alongside my gsxr.
I decided I wanted to pickup a brand new 2013 s1000RR.
I was at the dealer on Saturday... had everything ready to go, OTD price and whatnot, downpayment in hand.
The last thing to do was get my finance ready.... my sales guy comes back and tells me I'm denied for finance due to my credit.
I had a credit score of about 680-700 a couple months ago when I last checked. I come to find out that 1 medical bill that I was making payments on hit my credit and dropped it over ONE HUNDRED fooking POINTS!!!!!!!!!!!!
fook you stupid medical bill and fooking stupid credit rating system, you damn bastards!
So... even though I can EASILY afford a new BMW S1KRR... I will have to save up for a full cash purchase I guess.
weeksy
2013-02-04 07:10:00 UTC
BassAgent
2013-02-04 07:16:00 UTC
Post missing.
Colonel_Klinck
2013-02-04 09:15:00 UTC
Seriously though hope you finance you're new bike.
BassAgent
2013-02-04 09:34:00 UTC
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MADDOG53
2013-02-04 10:28:00 UTC
Ducati Pete
2013-02-04 13:32:00 UTC
weeksy
2013-02-04 13:35:00 UTC
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Ducati Pete
2013-02-04 13:39:00 UTC
If you are a numpty at everything, or bone-fucking-idle, you're better off in Europe.
stalker
2013-02-04 14:50:00 UTC
preey
2013-02-04 15:16:00 UTC
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weeksy
2013-02-04 16:17:00 UTC
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BassAgent
2013-02-04 17:14:00 UTC
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MADDOG53
2013-02-04 17:18:00 UTC
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tigerstyletroy
2013-02-04 18:09:00 UTC
preey
2013-02-04 19:05:00 UTC
Does that include mortgages on houses. ?[/quote]lmao i was goingvto say that! How arrogant of this guy haha![/quote]
A mortgage is different you need a roof over your head you dont need a bike dont get me wrong im not arrogant ive had a loan in the past on a bike the loan lasted longer than the bike but it was a long time ago now my thinking is if i can not buy it cash i would do with out & save up until i can afford to pay cash but thats just the way i have been brought up !!!!!!
weeksy
2013-02-04 19:13:00 UTC
I'd love to live in this idealistic world where I have a spare £10,000 for a new car or new bike
preey
2013-02-04 19:29:00 UTC
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websch
2013-02-04 19:32:00 UTC
I would love to buy a new bike and a car for that matter....but I never buy my motorcycles new.
I always buy them used. I know it is nice to have a new one but there are many people who buy new and barely use them. I was always able to find good gems (you have to be patient) and ride them for years, but if you want and can...more power to you.
jmann
2013-02-04 20:14:00 UTC
I've got this theory that life seems to deal bad hands to those that are already struggling. So if you buy a bike on credit
you are almost guaranteed to throw it down the road. When this happens the conclusion is "I guess I suck". Pay cash
and you probably won't throw it down the road but if you do then it'll only be a matter of "Oh well better get if fixed" rather than
"Oh f..ck I still have another four years to pay for this lump of shite".
The whole wealth bad luck thing feeds upon itself. If you pay cash you can get a better purchase price, negotiate cheaper insurance, save
for the next bike ... Mortgages are slightly different but only insofar as property can/could be appreciating in value faster than
than you'll have the ability to save, thus it makes sense to minimise the damage. What remains the same is that if possible
it is still wise to reduce a mortgage ASAP rather than drawing down on mortgages to finance things like bikes. The latter
really is a clever marketing trick by financiers to ensure that you convert your income to theirs - they don't do this because
they think you are a good guy.
There really is a very bad thing called the debt cycle that all of us are encouraged to stay within because it is good for the
economy as a whole and usually good for individuals who are incredibly rich having made their own good fortune. The bait for the
debt cycle is usually two things that most of us can't avoid - a place to live (the mortgage) and a way to get to work to pay for
the mortgage (the car loan). Most of us have to take the bait in order to survive a little longer BUT we don't have to keep
swallowing the drivel that is put up to keep us down - marketing crap like "Oh what a feeling" and "When only the best will do".
Surprisingly, those folks that manage to free themselves of their two major debts always seem to have enough money to buy
new TV's, bikes, cars ... This is not because they are fundamentally "well off" it's because they recognise the realities of debt.
They are "well off" because they are not carrying the crippling additional costs of debt. They are also "well off" because they
don't need to constantly buy more "feel good" stuff when their life appears to suck. They haven't had their perspective distorted
by clever marketing folks that do stuff that really distorts their ability to reason. Folks that are sucked in by the bullshit genuinely believe
for example, that they can afford a new bike but can't afford to pay off their medical debt. Just because we are poor doesn't mean
we have to be stupid as well.
In the case in question, I'm sympathetic but the reality is that buying a new clutch reservoir cover will be a lot cheaper than buying a
new bike.
CEREC1
2013-02-04 20:20:00 UTC
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MADDOG53
2013-02-04 20:55:00 UTC
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BassAgent
2013-02-04 21:28:00 UTC
I had to make payments on the medical bill from the beginning because an injury put me out of work and i literally had no money. Now I'm back on my feet and am able to afford things.
One reason I liked the idea of financing the bike rather than paying cash is that it would be a very good credit builder for me... shit ... even more so now.
I actually have always bought things in cash. I'm only 23, I bought my car for 15k, I bought my old 08 gsxr for 6k and put another 5k in it, I bought my 04 750 for 3k, and i bought my SDR for another 9k. I've also bought a shitload of other stuff that I own with cash.
I just recently picked up my first credit card through a clothing store called express with a $450 limit (lol) just to purchase some clothes and get a discount.
I am now at a point where I need to build credit very badly since I have never done so, and especially with that one medical bill affecting my score by over 100 points. I pretty much have no choice but to finance a bunch of shit to build my credit up....
CEREC1
2013-02-04 21:43:00 UTC
BassAgent
2013-02-04 22:05:00 UTC
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MADDOG53
2013-02-04 22:48:00 UTC
BassAgent
2013-02-04 23:16:00 UTC
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MADDOG53
2013-02-04 23:30:00 UTC
Crotchrockety
2013-02-04 23:38:00 UTC
But, why do you really want an S1000RR? You say you want a reliable bike. Well, mine has not exactly been the poster child for reliability. I just received another recall notice in the mail Saturday - something about the kick stands falling off.
Its a lot of bike - and I don't just mean power wise . It takes a considerable effort to get it turned. It takes considerable effort to get it to transition through a chicane. It is not the best bike for wheelies (which you so enjoy). It's not worth a damn for jumping bridges (the TC goes absolutely crazy when both wheels are off the ground). What I think you should do is take a track school. You'd be a good candidate for Star School. Then see if you NEED an S1000RR.
But, if you really gotta have one, shoot me a PM. I'll give you a good deal on mine. I really want a MS1200.
SDNerd
2013-02-05 00:00:00 UTC
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BassAgent
2013-02-05 00:10:00 UTC
Stratkat
2013-02-05 00:28:00 UTC
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rocketchick
2013-02-05 01:43:00 UTC
You pay huge amounts for everything: Insurance , New Bike Prices, Fuel, oil, VAT, licensing, road disc tax, tyres, MOT's. etc.
Just wish I could get your great motorcycle accessories here. Too bad Hein Gericke bellyed up.
Products I need end up costing double, shipping usually cost as much as the product.
But I can't do without my motorcycle PORN: Ride and Bike UK subscriptions cost me $80-95 a year each.
AGRO!
2013-02-07 01:40:00 UTC
I applied for a credit card at my local credit union and was approved with a 11% Fixed rate... (Forget about Discover, Capital One, Etc) Nothing will build your credit faster than a credit card.
Chances are that if you apply you will a lower limit. Call your bank or credit union and discuss your options, ask question's.
Hotbrakes
2013-02-07 05:58:00 UTC
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BassAgent
2013-02-07 17:07:00 UTC
The wife and I recently pooled our incomes and realised we make a decent amount per month but other than a few bikes, have nothing to show for it. In keeping on topic of buying new bikes, she "authorized" the purchase of a brand new SMT upon successful liquidation of a beloved VFR, badass SD, and sweet ex AMA race bike. 3 bikes for 1, no debt, garage space, and probably the perfect combination of the awesome SD and the comfy touring capabilities of a VFR. Which would also leave no money in the bank. So I listed everything for sale (except the SD, just couldn't quite come to terms with putting her up yet) and opted out. Still selling the race bike as I have no time to race this year and that cash will go into maintaining my ageing fleet and towards the mortgage.
I have the toys I need to do the things I want, with some financial responsibility I will be able to have the toys I don't need to do the things I can't.
tigerstyletroy
2013-02-07 17:38:00 UTC
Is it good to have multiple credit cards or shouldni just get one to build credit?
And yeah on gixxer.com this topic.would have gone to shit rather than be a cool topic like here
rocketchick
2013-02-07 19:46:00 UTC
AGRO!
2013-02-07 20:41:00 UTC
Keep up with the balance. Pay the balance off every billing cycle.
I use my credit card just like my debit card. I know how much money I have to spend and I do not exceed that amount.
Learn from others mistakes.
BassAgent
2013-02-08 07:07:00 UTC
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AGRO!
2013-02-08 08:57:00 UTC
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BassAgent
2013-02-08 09:08:00 UTC
I traded my 06 gixxer 1000 on the SD...
It was a great bike fantastic low and mid range HP great on real roads and track.
Can I have it back please lol!
Stupid Luke
2013-02-08 16:50:00 UTC
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BassAgent
2013-02-08 20:43:00 UTC
MADDOG53
2013-02-08 21:42:00 UTC
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SDNerd
2013-02-08 22:11:00 UTC
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BassAgent
2013-02-08 23:38:00 UTC
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AGRO!
2013-02-09 03:28:00 UTC
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fatbob
2013-02-09 07:36:00 UTC
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stalker
2013-02-09 23:49:00 UTC
AGRO!
2013-02-10 05:23:00 UTC
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Legs 11
2013-02-10 07:28:00 UTC
BassAgent
2013-02-10 23:31:00 UTC
Hope you get the BMW
AGRO!
2013-02-11 05:22:00 UTC
A very good friend of mine who has been living here in California for a while is running out of money. He is a Japanese citizen here on a student visa. he Has a really nice 2008 Triumph Speed Triple.
He has mentioned to me that he probably will have to sell it or face leaving the country. Being a good friend of his, I'm considering maybe buying it from him if it comes down to it and he needs a good price fast (not a low buyout fast-sell price to some random Craigslist person).
Hmmm.... it is a really nice bike lol.