my wife = god bless her cotton socks

[twistgrip]

[quote='Rainbow7' pid='220826' dateline='1279813443']
To be honest, dhula, my advice is that you don't buy one unless you can pay for it in cash. Financing toys is the direct path to poverty. - Do you own your house? You might be better off paying that off first. The amount of interest you'll pay on a new bike is ridiculous; I would never do it. I paid for my Busa in cash and wouldn't dream of financing one.
Think with your head, man. One of the biggest pressures on a marriage is financial strain, and if your relationship suffers because of a bike (that you're still paying for, no less!), you probably won't even enjoy the bike anymore.

Don't do it, mate. Wait until you have the cash in hand.
[/quote


U must be from the olden days

[dhula]

To be honest, dhula, my advice is that you don't buy one unless you can pay for it in cash. Financing toys is the direct path to poverty. - Do you own your house? You might be better off paying that off first. The amount of interest you'll pay on a new bike is ridiculous; I would never do it. I paid for my Busa in cash and wouldn't dream of financing one.
Think with your head, man. One of the biggest pressures on a marriage is financial strain, and if your relationship suffers because of a bike (that you're still paying for, no less!), you probably won't even enjoy the bike anymore.

Don't do it, mate. Wait until you have the cash in hand.

i agree with this and despite thinking with my heart for the moment, i will be thinking with my head if it all works out that the bike is what we want.
i have a few toys that are no longer used as much as they should or could be and we have agreed that we need to sell them anyways whether we get new bikes or not.
so i'm hopeful the head can outrun the heart and win as i don't like owing $$$$ either (been there done that got the shirt to prove it)
but we'll see. passion often wins over brains

[Heidi1]

We like your missus, she sounds like a top lady! Sell all the toys you don't use any more, use that as the bulk of the purchase price and bung the rest on the morgage. My second busa was known as 'the bathroom' and the third was 'the extension'. My bike shop is trying to make me go for 'the cape-cod'.

[CeeJay07]

You are better off getting a personal loan for the Busa than putting it on the mortgage because you will be paying off the bike over the whole term of the mortgage. Thats' a lot of payments for something you may not even have at the end of the loan term. Pay cash and borrow as little as possible is probably the best advice.

[scrubber]

Ive gone from Vstar 1300 yes I know vtwin is a dirty word like Yamaha, k8 bandit 1250 to the k9 Busa.Guess what the wife bought the Vstar for me and gave the ok for both bandit and busa even sillier Ive got all three bikes still and the wife....they all said I would have to pay them to take the wife as a trade in on the Busa.......some wifes you cant even trade in..

[Rainbow7]

Ive gone from Vstar 1300 yes I know vtwin is a dirty word like Yamaha, k8 bandit 1250 to the k9 Busa.Guess what the wife bought the Vstar for me and gave the ok for both bandit and busa even sillier Ive got all three bikes still and the wife....they all said I would have to pay them to take the wife as a trade in on the Busa.......some wifes you cant even trade in..

Not necessarily. I've ridden some awesome v-twins. (The RGV is one of my favourite bikes.) The Honda SP-2 is a fantastic piece of machinery. I just prefer the power delivery of a four, that's all. - Too much gear-changing with a twin...but you can really power out of corners with one!

[Cb Boy]

To be honest, dhula, my advice is that you don't buy one unless you can pay for it in cash. Financing toys is the direct path to poverty. - Do you own your house? You might be better off paying that off first. The amount of interest you'll pay on a new bike is ridiculous; I would never do it. I paid for my Busa in cash and wouldn't dream of financing one.
Think with your head, man. One of the biggest pressures on a marriage is financial strain, and if your relationship suffers because of a bike (that you're still paying for, no less!), you probably won't even enjoy the bike anymore.

Don't do it, mate. Wait until you have the cash in hand.

Wise words that not everyone may like to hear, but i agree with you 100%

[FalcoPerigri]

NOT many people will have 18000 in hand, SO, to "think with the head" and then go out and exchange that amount for a depreciating asset.
SO, that bit of advice is pure sanctimonious RUBBISH....CRAP!

If you "think" with your head, you will invest in an interest bearing deposit at minimum 6% p.a.(think of your kids education etc, etc) and forget about buying motorbikes, boats, and other expensive toys.

The thing is, The Hayabusa is more than a toy. It is a statement for who you are....the man who could have gotten 6% interest but rather put his money where he REALLY WANTS to ENJOY IT.
Anyone can make 18,000 dollars turn into 25,000 or 35000, BUT not everyone can get on a HAYABUSA and ride it and say THAT's MINE!

Some people like gold toilet seats, some like going to the grave with millions and boast about paying cash or even try to take it with them...But the Hayabusa is about LIVING in the NOW. It is NOT a SENSIBLE act, but an ACT of PASSION. Remember that word?
People used to write operas about it, have sword fights over it and poison each other over it! With the Hayabusa, it's TAKE IT HOME, LOOK at it and RIDE IT! That is ALL.
I am one of those who believe that sending children to "Private Schools" is one sure way of creating a disappointing human being. So money well spent? Not the way I see it ( and I used to be a Private school teacher!)
Yes I pay cash, but when I can, otherwise, one has to join the world of here and now, which means, interest rates and all the rest of it. That is what makes the World go Round!
Finally to those who are not convinced, even if you pay "CASH" with loud hymns from heaven blaring down, the reality is that it is exactly like paying INTEREST anyway, because the product is a depreciating "asset"!
If paying cash for everything is the only way, NO ONE will ever own a house to live in except the priviledged and civilization as we currently know it, is about moving away from that model to one where the wealth is SHARED. That is partly why we agree to taxes and interest rates.

[Rainbow7]

Finally to those who are not convinced, even if you pay "CASH" with loud hymns from heaven blaring down, the reality is that it is exactly like paying INTEREST anyway, because the product is a depreciating "asset"!

Lol! What did you teach? - It sure as hell wasn't economics. A Hayabusa is a "toy", not an "asset". The simple (business owner's) definition being that an asset makes money for you, whereas a toy does not.

Paying cash will always get you a better price than would financing.

I guess you didn't teach mathematics, either. The depreciation on a wholly-owned vehicle is in no way comparable to the losses incurred on a financed vehicle when interest is included, e.g.
Hayabusa paid for in cash: $17,990. After 5 years, this bike will probably still be worth around $10,000, meaning depreciation of $7990.

Vs.

Hayabusa costing $18,990, financed at 8% over 5 years = $23102.92 total cost. - After 5 years, this bike will be worth $10,000, meaning a loss of $13102.92.

That's a big difference.

Also, there are always the running costs to take into account. If your finances are already going to be stretched by taking out a loan to pay for a bike, what are you going to do if something goes wrong with it and you have to pay? - Then you'll be up for not only the continued finance payments, but also the new costs, whatever they are.

BTW, if everyone paid cash for everything, including houses, houses would be a lot cheaper. We wouldn't have a culture that thinks it is good to be in debt from the cradle to the grave.

It sounds like you have everything financed, Falco, and that's the difference between us. I don't have any finance/loans on anything; perhaps that's what gives me an alternative perspective on this subject?

And, "civilization as we currently know it, is about moving away from that model to one where the wealth is SHARED." So, you're a Communist?

Anyway, there's nothing "sanctimonious" about what I wrote. - If you can't afford something, you can't afford it. I learned that lesson when I was 22, which is why I am now debt-free at age 32. I own my house, cars and bike. Can you say the same?

[FalcoPerigri]

Finally to those who are not convinced, even if you pay "CASH" with loud hymns from heaven blaring down, the reality is that it is exactly like paying INTEREST anyway, because the product is a depreciating "asset"!

Lol! What did you teach? - It sure as hell wasn't economics. A Hayabusa is a "toy", not an "asset". The simple (business owner's) definition being that an asset makes money for you, whereas a toy does not.

Paying cash will always get you a better price than would financing.

I guess you didn't teach mathematics, either. The depreciation on a wholly-owned vehicle is in no way comparable to the losses incurred on a financed vehicle when interest is included, e.g.
Hayabusa paid for in cash: $17,990. After 5 years, this bike will probably still be worth around $10,000, meaning depreciation of $7990.

Vs.

Hayabusa costing $18,990, financed at 8% over 5 years = $23102.92 total cost. - After 5 years, this bike will be worth $10,000, meaning a loss of $13102.92.

That's a big difference.

Also, there are always the running costs to take into account. If your finances are already going to be stretched by taking out a loan to pay for a bike, what are you going to do if something goes wrong with it and you have to pay? - Then you'll be up for not only the continued finance payments, but also the new costs, whatever they are.

BTW, if everyone paid cash for everything, including houses, houses would be a lot cheaper. We wouldn't have a culture that thinks it is good to be in debt from the cradle to the grave.

It sounds like you have everything financed, Falco, and that's the difference between us. I don't have any finance/loans on anything; perhaps that's what gives me an alternative perspective on this subject?

And, "civilization as we currently know it, is about moving away from that model to one where the wealth is SHARED." So, you're a Communist?

Anyway, there's nothing "sanctimonious" about what I wrote. - If you can't afford something, you can't afford it. I learned that lesson when I was 22, which is why I am now debt-free at age 32. I own my house, cars and bike. Can you say the same?

Listen BIG SHOT,
I paid CASH for my Hayabusa in March this year. I owe NO ONE money.
However, I am not going to give people a lecture on why they must not borrow you sanctimonious 32 y.o. who knows it all!
Chances are you NEVER gave a cent away, to the banks or financing companies, which like tax, if you pay none, you make other people pay more. Maybe you are a Tax dodger and drug dealer as well! Well good on you, you have all bases covered. You have money and you also think you have the moral high-ground.

OK DID YOU pay cash for your house you hypocrite? Or did Mommy and Daddy give it to you or buy it for you as well as send you to private school? If so, that is precisely why I said what I did.
I am 60 next B'day and I have a debt free life. I OWN everything I have. Have had homes in Canada, and other parts of the world including 3 states in Australia. No my parents did NOT give me the money.
HOWEVER, others are not so lucky. You obviously loathe people who need to borrow money or even need money.
I feel sorry for you because your "economics" seem to be exactly the kind which suggests you belong to those who say "I have the money, but don't you dare borrow from me, infact just go without...I've got what I WANT!"
BTW did you notice I qualified "Asset" as DEPRECIATING? Do you understand what that means?
As well as being being devoid of any LOGIC, it looks like you can't read either or you can read but don't understand anything that's actually written.
Well GOOD FOR YOU because you don't need to understand anything. Just hang on to YOUR MONEY and Sanctimonious attitude.
Also I clearly pointed out what a TOY is. Of course, you would not know the difference even if you had money in one hand and a toy in the other.
Check in again after you have brought up 3-4 children BIG MAN. That is if you manage to keep them alive for approximately 18 years (each) and not borrow any money on their behalf nor allow them to borrow money for themselves. You need Uni books? Oh just go buy with cash...no money? Well just wait till you have it! Sore tooth, need $2000 for your teeth? Too bad, just let them fall out till you have the money!
You need a car, same, just walk till you can afford to pay cash for it! BUT DON'T EVER BORROW ANY MONEY!
In short, tell them to forget about how money works because you know it all and you NEVER BORROW MONEY!
Your children will be MOST GRATEFUL for your assistance!

[Rainbow7]

You need Uni books? Oh just go buy with cash...no money? Well just wait till you have it! Sore tooth, need $2000 for your teeth? Too bad, just let them fall out till you have the money!

Those are not toys. If someone really needs medical treatment or a small student loan, I say "go for it." But we're talking about someone getting a big loan to buy an expensive toy.

And, since you ask, "no", my parents didn't give me a thing. I immigrated to this country by myself at the age of 21, and everything I have, I've earned.

I didn't go to any private schools, so I guess that invalidates what you said.

Your definition of an asset is not the same as mine. You can "depreciate" your bike as much as you want; I still won't consider it an asset. If it doesn't make money for it, it's not an asset.

Why are you making this into a personal attack? I'm just giving the OP my opinion on what he is considering.

[FalcoPerigri]

You need Uni books? Oh just go buy with cash...no money? Well just wait till you have it! Sore tooth, need $2000 for your teeth? Too bad, just let them fall out till you have the money!

Those are not toys. If someone really needs medical treatment or a small student loan, I say "go for it." But we're talking about someone getting a big loan to buy an expensive toy.

And, since you ask, "no", my parents didn't give me a thing. I immigrated to this country by myself at the age of 21, and everything I have, I've earned.

I didn't go to any private schools, so I guess that invalidates what you said.

Your definition of an asset is not the same as mine. You can "depreciate" your bike as much as you want; I still won't consider it an asset. If it doesn't make money for it, it's not an asset.

Why are you making this into a personal attack? I'm just giving the OP my opinion on what he is considering.

If you take your Hayabusa into a shop and swap it for CASH, or you sell it to a BUYER and you end up with MONEY on your table(say between 10-16K), that makes your TOY, the Hayabusa, an ASSET as it's convertible to CASH.
Incidentally it can also be one's DICK or PUSSY, they are both potentially your TOY or YOUR ASSET, depending whether you give it out or charge for it!!

Of course, if it is totally WORTHLESS, then it's neither a TOY nor an ASSET. To my knowledge, no one wants to play with something absolutely worthless.
For bystanders, here's a CLUE.
When you BORROW MONEY, the bank gives you a loan. They make something out of it so they can stay in business, pay staff and keep the doors open. You get the money and they get the money...albeit a bit later and a bit more.
If you LEND MONEY, for example, if you put it into an Interest Bearing Deposit, you are effectively LOANING the BANK money and they pay you INTEREST, say when the "Loan" matures. You keep the money and add a bit more to your own piggy bank. The Bank invests that money, makes something on it on the stock market and keep a bit for themselves as well as give you the 6% in return. Whether you LOAN or BORROW, that is what keeps MONEY CIRCULATING. If you do not engage in this activity, then Money GOES NOWHERE, not shared, not used just sits there like IRON ORE, useless till you dig it up and use it.
I think the FIRST thing children MUST learn is about how to HANDLE money as a commodity. Don't say money is EVIL or never BORROW MONEY, rather say this is a money GAME and we all play it because it's one way of distributing the wealth. Not only must they learn about borrowing, they have to exactly at the same time, evaluate and construct a way and means of seeing it through and re-pay the loan. This is just BUSINESS. If you plant something you want to know when it's ready to harvest!
Similarly when borrowing, it's like borrowing a pencil and giving it back in return for a lolly, when you have a lolly and need a PENCIL! This process helps the young mind mature and be in charge of their own destiny without FEAR or Over Confidence, but with a given MEASURED and learning process over a period of years. It gives them a look-in to society and how IT WORKS.
Finally, MONEY is actually not TIED to ANYTHING, not gold not uranium and it's all RELATIVE as currencies react to each other on the GLOBAL MARKETS. So there is nothing SACRED/EVIL about money. It's just a way of collectively reaching an agreement in TRADE.

[Rainbow7]

I've never said that people shouldn't borrow money. I just think they shouldn't borrow it to buy toys.

Borrowing money to buy something that will not bring sufficient income to repay that loan is not "business". It is bad debt, nothing more. Businessmen borrow money to invest in businesses that will repay the loan and earn a profit on top of that. That is good debt.

[CeeJay07]

(sound of me snoring my head off) what???huh??? no, i WAS paying attention!

[scrubber]

(sound of me snoring my head off) what???huh??? no, i WAS paying attention!

FIGHT.... FIGHT..... FIGHT.....comon kiss cuddle and make up.....hop on a bike and go for a ride.....