Grouch Posted November 4, 2016 Share Posted November 4, 2016 Just paid the finance off the WR so I'm pretty happy for a change. A lot of people advised me not to do it and I could understand their logic. It was a struggle when I got made redundant but I scraped by. It's a nice feeling getting a brand new machine and I will be definitely doing it again, especially now with all the 0% interest deals. When I thought about it I realised it was worth it. The interest was 4.6% or something. The bike cost £4200 and the interest was £300 so all together £4500. I've had three years of problem free riding, apart from wear and tear. It was a god send after the whole XT nightmare. WR's seem to hold their value as well so after considering all the fun, commuting and enjoyment I won't be losing out if and when I do sell it. I'll have to get a bigger bike in the near future but for now I'm happy putting up with it for a while longer. Now I have some extra cash to get my licence. 3 Link to comment Share on other sites More sharing options...
blackhat250 Posted November 4, 2016 Share Posted November 4, 2016 Well done groucho. nice to hear good news your end,, 2 Link to comment Share on other sites More sharing options...
Variomatic Posted November 4, 2016 Share Posted November 4, 2016 Honestly cant say I'd dare buy a bike on finance, but it seemed to work out quite well for you, any idea how long till you upgrade to something bigger? Link to comment Share on other sites More sharing options...
Grouch Posted November 4, 2016 Author Share Posted November 4, 2016 It is a massive commitment and not everyone's cup of tea. I suppose it is a gamble especially nowadays with the economy. I id get made redundant two years ago but I soon found work again. Probably going to be next year now but I was just thinking of saving up for one. You can get really nice bikes in good condition for a few grand now. I think it's mainly people who get them on finance and really look after them, then sell them after they're paid off.I think I want to get another supermoto at least a 400 then a 600 sports. Link to comment Share on other sites More sharing options...
Moderator drewpy Posted November 5, 2016 Moderator Share Posted November 5, 2016 you can always use your bike a deposit so you'd pay even less. cash is still King 1 Link to comment Share on other sites More sharing options...
Grouch Posted November 5, 2016 Author Share Posted November 5, 2016 Been looking and the thing I didn't take into account is that if I bought a bigger bike they are 3 or 4k more expensive, so rather than 3 years its paid off over 5 years. 5 years seems too long. I would rather sell the bike private because I bet a dealer would give me an insult of a valuation. Link to comment Share on other sites More sharing options...
finnerz89 Posted November 5, 2016 Share Posted November 5, 2016 You'd be better off selling your bike privately then get a bank loan to buy another. Some good offers around atm Sent from my E6553 using Tapatalk 1 Link to comment Share on other sites More sharing options...
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