But there's always the case that you will never have enough to afford the bike. Whereas once you start riding even if it does depreciate in value at least your smiling the entire time

@@seanrobbins7125 live within your means.

@@seanrobbins7125​16 years ago my first sports bike at 16 was a $1,500 early 90s cbr250 which I kept until I could afford a $4,000 96 rvf400. I’ve since had I think 12 bikes, everything from husky 511s to v-rods to panigale v4s, everything bought outright. The only 2 bikes I kept for more then a year are the panigale (5 years and still own it) and the rvf400 which I still have because of its sounds due to the straight cut gears and little v4 with vtec, and because of its red aftermarket tyga fairings and single sided swing arm, I always thought it looked better then most modern bikes until I found the panigale v4 which looks eerily similar, like a big brother.

i agree, except for when you get 0% financing and a huge discount, have full coverage insurance and budget properly or have the full amount in savings/investments

@@frankfeng6199 who does zero percent financing for a motorcycle?

NAH FR 😭

Then you need to learn how to budget, i swear americans will do anything but be smart with money

​@@bladeslayerRather difficult to do when everything keeps getting more expensive while our paychecks/salaries stay the same.

@@bladeslayer Been doing that don't pay for anything I don't need ect ect . Still expecting to pay 50% more then I did last year for living expense. Nothing new was added.

It never will

It’s Cuz we’re old 😂

​@@adobomoto dont worry, its not the age. Im 22 and have never thought about financing anything. Maybe my parrents tought me well or im already old

@@adobomoto facts and with age comes wisdom. I was pretty smart with my money while in the military and over the past 8 years since I retired so I'm pretty much set for life. I can use my credit for things that matter like buying houses.

​@@moisesojeda1085I got a first gen r1 with cash. When I wanted the cross plane the convinced me to get new vs used. Then I had an accident. Insurance totaled it. The r1 is the only street bike that matters. Owned 3.

​@@jarnogruintjes1427 how's your credit?

I would be happy with the ninja 300

​@abs5040 No you wouldn't

@bk What are you riding now? A Huffy?

@@lovelessissimo nothing right now...that's why I would be happy with a 300 hahaha

Some of the most fun I had was on an old suzuki gs500, horsepower isn't everything.

Same thing for me. Couldn't be happier.

Imagine paying more for an imaginary number lol

@@TexanTemplarimagine not understanding that that imaginary number affects your life in real ways. But please, tell me more about how we can ignore established institutions. Next you’ll tell me not to pay off loans because they’re “imaginary numbers.” Or maybe we should ignore money altogether because frankly, who needs pieces of paper representing “imaginary numbers?”

@@TexanTemplaryikes bro

If you dont take out loans, you don't need that credit score

Credit is everything if you are a bug sandwitch male who needs to go to bank for everything, save, live within your means and work hard, so you dont have to take fauccis juice everytime there is a new scamdenic just because your entire life is a monthly payment 😭 get a plan ready and borrow for bussiness, if it takes off, you can cash out your toys and cars later and ride into the sunset. If it doesnt take off, at least you learned sonething for your money, and didnt just end up with depreciating liability 😂

@@djocharablaikan8601 Credit is absolutely king even if you make plenty of money as an entrepreneur. Liquid cash is used to acquire multiple investment assets (primarily financed through credit) and diversify portfolios, not dump into depreciating assets.

@@djocharablaikan8601credit is literally what allows you to apply for loans and mortgage I’m building my credit with a finance.

What wealthy person borrowed their way into their wealth ?

Knowledge = king not credit..

I think he was just using easy math to get to the point.

I don’t think you’re keeping up with current interest rates, are you?

Interest rates are high even if you have good credit right now…

Still low 6’s on motorcycles from my credit union. Paying cash is better sure, but financing isn’t a big deal either if you understand it. Also I put a good bit down so if I want to get something else a year later I’m not upside down in it. Do I spend a little more in financing ? Maybe. But I really don’t care.

@@johnnymembergot 2.5% last fall…

At least someone gets it, I don't understand why people think it's so wrong to buy something on credit, If you can afford the monthly payments then go for it, nothing wrong

I bought 2 bikes like this . First one only took me 2 years to pay off

​@@Snowaxe3D the thing is bikes are pretty "seasonal" thing. After some 2 season you'll get bored with it and start looking after some better one. Too bad you still have few years of paying ahead of you...

@@Alexor715 that sounds like your personal preference, A lot of people like to ride every day, Not everyone thinks the same.

​@@Snowaxe3DHe means like after one or two years (seasons) of riding, you sell your bike for something else and don't want to be stuck paying for something you're ready to move on from.

Facts!

How is a gixxer funny?

​​@@lovelessissimo probably ment to say the funnest

@@prepordietryin9119 that isn't a real word, though.

​@@lovelessissimosuck eggs

That’s the right move if you can budget properly.

Very rare but if you can find a deal like that you win.

Always shop for zero interest deals. Amazon store card is zero interest for 6, 12, 18, or 24 months depending on the amount. PayPal credit is 6 months zero interest. Can't beat a zero interest easy payment plan😁👌

Man, those were the good old days lol

Ah, the pre-covid Trump economy.

BS advice given to you probably by a banker, cash is king and bikes are liabilities at best if not complete toys. I wouldnt recoment buing one if you cant afford 3, let alone borowing money for them, alot of people, especially people with 0 mechanical skills underestimate how much it costs to keep motorcycles running, so you end up with a monthly payment to the bank on top of all the rubber, brakes and chain replacements and hopefully nothing else. Plus insurance. You will be financially out of breath very fast. And thats if you dont end up droping that 20 000 dollar baby boy and toasting it or depreciating the value completely on top of a very expensive repair. Anything you pay for motorcycle over 10 grand is too much. I have a 2000 dollar bike that taught me alot of maintenance, rides just as good as new bikes if not better, spare parts are abundant and if it drops i will just get a new one. Besides you dont loose much on resale value because its allready low enough, if you want to get a new set of wheels.

@@djocharablaikan8601 You are talking to someone who has owned 6 motorcycles (3 of them new) and maintaned them all myself including valvle adjustments. What you are saying has truth to it in terms of don't ever get something that you can't afford but that is obvious for ANYTHING in life. I am saying that financing isn't the worst option out there like this video makes it out to be. And you 100% can refianance for a lower rate if not at least a lower monthly payment if you pay off a large sum because I have done it. My friends were the one who actually recommended it since they did it too.

@@djocharablaikan8601 people who pay cash for everything are unironically poor

@@HaloDude557 cope, what college did you go in? Is this the shit they teach in these clown world education centers these days? Borrowing money for liabilities? If you have 10 bucks in your pocket you are richer than dude who leases 100 000 dollar porsche, hell you are probably richer than 90 percent of America. few missed payments and you loose the car and STILL owe money, cant even ask your boss for a raise because he knows you are not going anywhere 😂 the moment you lose your job you lose it all, there is a reason you couldnt buy it cash in the first place, you cant afford it, if you cant buy 3 you cant afford one and with motorcycles this is especially the case, what makes you think you will be able to buy it with 20 + percent interest on top While paying extra for insurance and service? Do you even math? 😭

@@BoardWalkToke i hope your friends are gonna be there to buy you PBJ sandwitches if you take a spill and and get slaped with a hospital bill on top of your penalty for missed payment on a bike that now depreciated into the scrap metal 😂 and lose your job on top 😭 moronic. Buying a new bike is argueably pretty retarded even if you have cash on hand. You are loosing couple of grand the moment you ride out of Stealership, flushing money down the drain bro.

Those clowns on FB marketplace are wanting MSRP for their 5-year-old bikes with 15k miles on them. Almost better to buy new in this market so you don’t end up with something clapped.

@@yourwifesboyfriend6081 I hear ya I’ve seen some listings blown motor or not working at all for 3k but when I made the post I had found a 2013 ninja 650 with 2.8k miles for $800 mainly had a rusty gas tank and I think he broke the coolant reservoir and brake cylinder cause from listing they where fine in there condition but he didn’t know anything about working on stuff so it was an easy fix bout $40-50 but needs fairings still

@G SD nice currently sourcing my second bike might be a 2012 zx6r might need the front fairings and headlights but currently runs so that’s a cheap bike after I finish my first lol

Only idiots ride a nice bike without full coverage.

Depends on everyones standing i financed a ninja 400 new from a dealer for 7k with 6 years unlimited mileage warranty and 8 free battery replacements and also dont need full coverage or any insurance in my state.

Cool, have fun reading it in for something faster this summer.

💯 👍 if i see someone financing a 10 grand bike as his first set of 2 wheels i know for a fact hes a noob 😭

Ewww

It can mean profit for you if the bike is discontinued or said model is no longer made, increasing or decreasing the value. You can buy a bike and put 30k miles on it and still maybe resell higher than you paid for it

@@also20cents97yeah if any wildly unlikely thing like that happens then it’ll be worth more

@@2004hondacivichybrid if you chose to buy a bike that is known for a consistent increase in value you will most likely make a good return on your bike for what you spend on it for however long you own it

of course that would come from a salesman 💀💀

@@fcybuch1280 are you blind? WORKED. Am i gonna make money if you financed? Cause you know everything right? Retard.

The reason I'm considering financing my next bike. Got the cash to pay in full and I'll only finance if it's not a ridiculous interest rate

@@mattk909 A lot of tier one customers finance even tho they can pay cash just cause it helps their score even more not cause they couldn’t afford it.🤷🏻‍♀️

Had two Aprilia 2005-2010 both were in the shop more than on the road. I've been living in Europe since 2003. Been riding since 78. Do your self a favor and get a japanese bike. Italian bikes are like blind dates and that's a fact.

Yeah my first bike was a 1800$ katana, got wrecked when someone cut me off and cus it had aftermarket paintjob insurance paid 4200, bought a 3k bike with that

I would argue even financing home unless you absolutely have no other option, and your parents, relatives or partner are renting.

If you finance smaller things, a few hundred bucks now and then, you build credit.

@@DELL.ACNT. you are building a marginal credit score for a hefty price. You are litterally selling yourself to slavery for a set of wheels, best case scenario you overpay by a huge margin, worst case scenario, life happens, in this case, lets say you take a spill, end up loosing your job, get slaped with a hospital bill on top of your monthly bike payment, you miss couple of payments and you end up not only overpaying by even bigger margin but also loosing credit score and possibly even loosing whatever it is you put as collateral or get into some serious existantial problems. Never borrow for small stuff, if you still want to, ask your family members for a loan for a flat 10 percent rate on whatever it is you want to borrow. If they say no, just fuck it and start saving. Its never worth it to get involved with the bank over small stuff, you are guaranteed to regret it. I paid cash for my mototrcycle and it was like 8 grand bike, even if i paied cash, on some of those nicer bikes, parts, servicing and depreciation can go through the roof. I sold it barely for 6500 after i put in another 2000 dollars on it on repairs and accesories, imagine how much more would the loss be if you count it loan interest and whatnot. Thats 3000 dollars down the drain. And that bike just had miles on it, mint condition, imagine droping it, you are never getting a good price for droped set of wheels. Its a toy bro, dont delude yourself. Never borow for motorcycle.

@@djocharablaikan8601 It's hard not to finance a place when the cheapest dives are still in the six figures. Plus mortgage repayments are cheaper than rent.

​@@djocharablaikan8601 who can buy a house cash though? That will never happen for me I'd be saving until I die

You can absolutely raise your credit. When people advise against it, that advice is mainly for poor people. Because if you miss a payment and you've already used your once per year deferral, thats it you're fucked.

Pay on time never early and never late and you'll raise your score.

@@generalfranco9399 ok cool thanks

How much is your tracker disc lock n exhaust ffs 😂😂. Don't forget gear my dude n good luck n great times ahead.

@@generalfranco9399 we got brokies who need to go to bank to buy toys calling people poor, cant make this shit up.

No. You need to make payments on it for a year for it to really make a difference. If you have good credit and the cash to buy said bike outright, it will only cost you a fairly negligible amount to do it this way.

I have a 850 credit score doing it the way you explained.

It's a poor financial decision if you buy a motorcycle as a toy, not as a daily driver.

Lucky asf

They probably laugh at you bc it’s clapped lol and you think it’s fast bc it’s 1000cc but that’s a sh!t load of miles, I bought a brand new bike for 10k it had 4 miles on it lol

@@578_ all depends on maintenance man, if you take care of your bike, it will take care of you.

@@jacobybarra2140 true but to rack up that many miles and be that cheap, means the bikes old and most likely clapped. All the posts I see on Facebook marketplace for old well maintained and nice bikes go for at least 5-6 grand

@@578_ very true

Yep. While you don’t wanna screw yourself over in the end, you can’t take any of that money with you and life, paralyzations, and families happen. I.e, things that will make you regret.

How do you do a full engine rebuild properly for 1400

@Tom 1400 for parts and all the labor done by myself. Caught myself on fire twice already making an adapter bracket so I can have the engine on my engine stand.

@@xanderharris3656 still cheap for a full engine rebuild. But I forget how much cheaper parts are in USA than Canada

Your going to drop or lay it down no matter your experience level. Back in the day I parked my 05 cbr 600rr at work. It was under an awning. The asphalt was only a couple of months old and it was 70 degrees. That bike hardly had any weight on the kickstand too. I came out to find the kickstand had sunk through the crappy asphalt and the bike fell over. Another time I was low on fuel and near home. I lived in the sticks so it was a long way to the gas station. I figured I would chance that I could make it home and fuel up with a gas can I had there. I made it. But then I did a sharp low speed U-turn in my driveway to park. The little fuel I had sloshed away and the bike stalled at an angle. There was no stopping going down. It was instant. Both of those events I was a very experienced rider. I never dropped a bike when I was new to it. Just sometimes shit is gonna happen.

@@AlphanumericCharacters if my bike fell over because of asphalt I would be pissed

But at least you have it

You kept your cash don feel bad

Hell, not just that, they'll add all sorts of additional fees which aren't made clear at the start. The loan I took to rebuild my engine (it was that or scrap the car, and I probably should have just cut my losses) tells you at the start what the final interest will be- except that I apparently have to pay monthly interest as well, something I didn't find out about until recently.

What interest do you sign up for?😂😂😂😂😂

Depends on your state some places you dont need insurance at all on a motorcycle

@@ebraxton6271 Thanks for the correction 👍🏼

@@moto_man01 i get where this guy comes from but if everyone bought cash there would be 80% less vehicles in the road😂 it be better if people just bought what they could afford wether it be thru a loan or out right. Plus you can get some perks for financing like credit building which is big in the US and some dealers throw in perks. First bike was financed 6 years unlimited mileage warranty 8 free battery replacements was only like 180 a month vs a car being like 400 a month without insurance which yes does require full coverage vs a motorcycle. If you like something id always say go for it if you can 100% afford it which ever way you seem fit.

@@ebraxton6271 I’m sure there are good ways with stuff like that but 98% of people can’t control their budget(if they even have one) and are not financially able to get them. I only bought 3 bikes by age 19 with my own money cash because I know how to save what I earn

Just started my credit line in February for a new Harley. This exact reason. I’m 31 and have a good job and cash for everything. I grew up like some others having a dad say “if you can’t afford to pay cash then You don’t need it.” Unfortunately that’s not true anymore. It screwed me over the long run.

Funny enough, that’s the exact way my credit union did it for my r1m.