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.
The only problem with that is that if you wreck your bike or it gets stolen you still make a payment every month for something you dont have. just my opinoin..I had an 02 gixxer I paid cash for and had full coverage on evey body said I was crazy for paying all that for A bike I did not have to..but when some sorry sack of shit stole it I got my money back. Now I have an 06 it is paid for I carry full coverage on it also. I had a bike with full coverage when I was 19 ya it was not cheap but if you cant afford to pay for insurance and all that other stuff then maybe you dont need a bike ..just my .02 I know of a few people paying for there either wadded up bike or there bike that got stolen. so think about making a payment for a loan on a bike that someone else is riding because they stole it / end rant sorry I work in the insurance field and have seen alot of people get screwed by having liability only