Originally Posted by
j4k3
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.
Since Langley Federal considers bikes that are less than 5 years old to be collateral worthy, I had to take out a line of credit for the amount I needed. Granted, it's 10% APR, but it got the job taken care of. I withdrew the money I needed, paid the seller in cash, and walked away with a bike.
I wish I had done the same thing with my first bike so I wouldn't have been hard up for cash, nor forced to pay rent with a credit card, but when a good deal opens up, a good deal opens up.