How did you pay for your bike?

[Bri w]

1st bike - Honda CB125 cash
2nd bike - BSA 350 cash
3rd bike - Honda CB400f finance
4th bike - Moto Guzzi 850 cash
5th bike - Suzuki GT380 cash
6th bike - Kawasaki Z650 cash
7th bike - Honda VFR800 cash

Originally Posted by rpwoodman

I had the cash for mine, as I don't like having loans, but they were doing a 0% finance deal and using that would improve my credit rating (which suffers if you've no loans), so I took the finance option. Put £1 down.

Exactly what I did with my Versys, for much the same reasons

Cash always.

The only time I would consider finance is if it were 0% and I could keep my cash gaining interest in an account whilst paying it off.

Finance is a mugs game, especially at the moment with the stupid high rates.

1/3rd my own cash, 2/3rd loan (but from family though, so no interest thank God!) Next one will be all cash though. The savings are mounting (like tortoises, but still giggidigiggidi)!

Oooh, it's painful looking back at this:
2nd hand K3 SVS - cash
New K7 GSX-R600 - cash
2nd hand F2 CBR600F - cash
New K8 GSX-R750 - cash

They were all bought within a 2 year period, it was a rather large sum in total when I look at it and I only sold one of them (the SV!). Luckily I haven't bought any bikes in the ~2 years since though! *cheer*

[keith_d]

Bikes were all cash

I bought my car with a credit card. I just wasn't comfortable walking around with over £10k in cash.

1st Bike - YBR 125 PayPal balance
2nd Bike - SV650 pictures of Lizzie
3rd Bike - 848, had 6k as budget and the rest of the money saved but took 0% as it was er!....cheap!

But in true answer worked hard, saved hard. Had been putting away before I started riding, rainy day and all that.

nb650

[jamesterror]

Only bought one bike, and that was outright cash. Hope it to stay that way for future bikes unless I come across a bike with 0% APR but still then I'd have the money there taken from a seperate account, just earning interest in the mean time

Originally Posted by fizzwheel

1st bike, was given to me by my dad as a loan. Then when I didnt want it anymore I sold it and when I went to give him the cash for it, he refused it.

2nd bike, - the SV, paid for in cash

3rd bike, GSXR, looked at using dealer finance, which was hideous APR and big repayments, so in the end I topped up my mortgage and used that to fund the purchase of the bike.

Wouldn't the interest on the mortgage end up being more than APR on the bike by the time you paid for it?

Cash, all the time.