too good of credit? (new bike)

lilbulld
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lilbulld 10/13/2011 1:55pm
10/13/2011 1:55pm
Wolfman wrote:
I need it. Believe me.
mxpunk wrote:
you're from oklahoma, so no surprises there, not exactly the epicenter of people born with strong financial acumen you dont need it, you're going to lose...
you're from oklahoma, so no surprises there, not exactly the epicenter of people born with strong financial acumen

you dont need it, you're going to lose money on it. unless you're racing for a living, a used bike for $3000 will do exactly what a new 450 will do.

buy it in cash or dont buy it at all.
Man your username says it all, punk ass jersey greaseball that doesnt know shit... Just make sure you keep living up to it.. Have you ever even been west of the Mississippi? Douchebag
lilbulld
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lilbulld 10/13/2011 1:56pm
10/13/2011 1:56pm
mxpunk wrote:
you're from oklahoma, so no surprises there, not exactly the epicenter of people born with strong financial acumen you dont need it, you're going to lose...
you're from oklahoma, so no surprises there, not exactly the epicenter of people born with strong financial acumen

you dont need it, you're going to lose money on it. unless you're racing for a living, a used bike for $3000 will do exactly what a new 450 will do.

buy it in cash or dont buy it at all.
Wolfman wrote:
What do you know about Oklahoma?

Other than we have one of the strongest economies in the country right now.
mxpunk wrote:
it doesnt matter what i know about OK financing something like a dirtbike is just plain dumb unless you're trying to build credit some people like...
it doesnt matter what i know about OK

financing something like a dirtbike is just plain dumb unless you're trying to build credit

some people like putting themselves into slavery i guess.
Keep it up, youre doing good
mxpunk
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mxpunk 10/13/2011 2:01pm
10/13/2011 2:01pm
Wolfman wrote:
I need it. Believe me.
mxpunk wrote:
you're from oklahoma, so no surprises there, not exactly the epicenter of people born with strong financial acumen you dont need it, you're going to lose...
you're from oklahoma, so no surprises there, not exactly the epicenter of people born with strong financial acumen

you dont need it, you're going to lose money on it. unless you're racing for a living, a used bike for $3000 will do exactly what a new 450 will do.

buy it in cash or dont buy it at all.
lilbulld wrote:
Man your username says it all, punk ass jersey greaseball that doesnt know shit... Just make sure you keep living up to it.. Have you ever...
Man your username says it all, punk ass jersey greaseball that doesnt know shit... Just make sure you keep living up to it.. Have you ever even been west of the Mississippi? Douchebag
I lived in Oregon and Texas, doucehnozzle.

Nice try though.
lilbulld
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lilbulld 10/13/2011 2:10pm
10/13/2011 2:10pm
mxpunk wrote:
I lived in Oregon and Texas, doucehnozzle.

Nice try though.
Oh i see, i take it all back, you do have the right to act like a jackass... Proceed sir

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Wolfman
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Wolfman 10/13/2011 5:15pm
10/13/2011 5:15pm
I decided to just ride the Kawi for now. Gonna see how well I can get it working, and the when the fuel injected SXF comes out, I will take another look.

Thanks to all who replied. Even the assholes!Laughing
kyle450rider
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kyle450rider 10/13/2011 6:06pm
10/13/2011 6:06pm
Wolfman wrote:
I decided to just ride the Kawi for now. Gonna see how well I can get it working, and the when the fuel injected SXF comes...
I decided to just ride the Kawi for now. Gonna see how well I can get it working, and the when the fuel injected SXF comes out, I will take another look.

Thanks to all who replied. Even the assholes!Laughing
Hey Wolfman,

If you still looking I got a sweet 2006 RM 250 i just picked up.Grinning
mxb2
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mxb2 10/13/2011 6:16pm
10/13/2011 6:16pm
Haters gonna hate, funny how people care how a guy spends his own money!
RCC104
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RCC104 10/13/2011 6:47pm
10/13/2011 6:47pm Edited Date/Time 10/13/2011 6:49pm
Financing can work out quite well if you do it right. 

This is especially true if you happen to have good credit, can pull off a low interest rate, and then sell around the 24 month mark or so.

Here's a simple example:

A person picks up a shiny new 2010 CRF with a $8000 loan (money he didn't have on hand). He gets a 6% interest rate for 3 years (36 mo.), which works out to be about $243.38 per month. Now say at the 24 month mark (after paying out around $5900), he decides he wants a shiny new 2012 KXF. He's only able to sell his 2010 CRF for $4000, which is probably close to all he would have got even if it was only a year old. He takes that money, pays off the rest of his loan (around $2600).  Now he's left over with $1400.

In the end, he rode that 2010 for about $5900 and now has $1400 left to put down on a new bike, all while adding positive credit history....
And don't worry about the pay-off amount of $2600, that was money he didn't have at the beginning, and always belonged to the bank ...
Wolfman
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Wolfman 10/13/2011 7:28pm
10/13/2011 7:28pm
Wolfman wrote:
I decided to just ride the Kawi for now. Gonna see how well I can get it working, and the when the fuel injected SXF comes...
I decided to just ride the Kawi for now. Gonna see how well I can get it working, and the when the fuel injected SXF comes out, I will take another look.

Thanks to all who replied. Even the assholes!Laughing
kyle450rider wrote:
Hey Wolfman,

If you still looking I got a sweet 2006 RM 250 i just picked up.Grinning
Wink Tongue Laughing
dkg
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dkg 10/13/2011 7:34pm
10/13/2011 7:34pm
mxb2 wrote:
How many years max would you advise to finance w/o getting screwed to bad? LOL, my buddy wants to get one and restablish his credit.
Length of the contract is not as big of issue as the interest rate. For the loan to have a positive credit impact, you should not pay it off for at least 6months and probably as long as 1 year.
APLMAN99
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APLMAN99 10/13/2011 9:16pm
10/13/2011 9:16pm
Wolfman wrote:
It went right over your head genius. I'm not buying a crotch rocket. National avg of 692? Get outta here! Edit: I googled that shit, your...
It went right over your head genius. I'm not buying a crotch rocket.

National avg of 692? Get outta here!
Edit: I googled that shit, your right. The point wasnt that I have the world highest credit store. It was that you don't get credit without paying your debt off.

Bunch dumbshits trying to pile on!
Well, you get a lower than average credit score from paying your debts a little bit less dependably than the average consumer......
Cool

Seriously, though, financing a dirt bike rarely makes sense, but financing a "spare" bike would seem to make even less sense. I think sticking with the cheaper, older bike was probably a great idea in the long run. Put that $200 a month you were willing to spend into savings for a few years and pay cash for your next one.

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