Originally Posted by
Keepin it Klean
The main problem for me being 22 is that if i want a newer bike (say '03 and up) is that you have to have full insurance on a financed bike. Well that coverage will rape me, and probably cost more than the bike payment every month.
A way around this I have heard, is to take out a personal loan for the amount, that way there's not lien on the title, allowing you to get whatever coverage you want.
Just something to think about.
Thats my whole thing, I don't want to mess with full coverage. I was talking to my mom about a personal loan and she said she's been told the interest rate is a lot higher.