How did you buy your bike?

I went out riding early on Saturday morning, only to have it chuck it down about half way round. So I did what most people would do.....swing by the local bike dealers, wait it out and look at new bikes. Anyway, this got my mind wandering especially since there are so many 0% finance deals on at the moment, maybe I should change my bike now. It had always been a plan next year, but now I'm wondering whether to do it sooner rather than later and get a better resale value on the SV and before the 0% deals run out.

The question. I have always bought things outright (laptop, bike - except for my flat ) without having to rely on any kind of finance, but with this, I'm going to need it. Now because I've never done it before, it is making me nervous. I earn fairly good money, and my job is pretty secure (I hope) so the actual paying for it isn't a problem, I just have big hang-ups with finance. Hang ups like paying for it for 3-4 years - what if I don't have a job then etc?

I'm (as you can read) seriously toying with this idea and I'm worried that a shiny new bike might be clouding my judgement!

So, how did you buy yours?

bought mine thru black horse finance...
£1500 pound px for my bandit 6 and the rest on the above...costs me £53 a month

[21QUEST]

I've only bought one bike(brand new ZX7R) on finance. I got a good deal on price(£5200), paid a big deposit(£1700?) took the shortest term possible(was paying something like £150-£200 pm ) even then paid it off paid it off early. I like to pay as little interest as possble if I can help it. So I guess you could say I've got hang-ups as well

You shouldn't have any hang ups with 0% anyways . All you got to do is pay the whole lot off if you decide at some point I would guess.

Cheers
Ben

Edit: Didn't even ask how you faired? Sorry

Bought mine outright, not keen on finance either.
However I too have been tempted by the 0% deals.

I bought my K5 on finance and included all the extras, exhaust, lowers, seat cowl hugger, lowering kit etc on the finance deal. It worked out at about £145 a month for 3 years. Luckily after a year my parents decided to pay it all of for me for my birthday so now it's all mine, and i don't have to worry about any more repayments.

What you could do, is make a separate bank account for the value on finance, and then you know you can always pay it back whenever. Also, you'll keep the interest!

[Skip]

I got tempted by the 0% too - they gave me £1600 for the SV and I took the remaining £2895 on the 0% - this works out at £79.02 a month for three years - my plan is to pay it off before then though...

It was too tempting to get a new bike - never had anything new before!

[Viney]

Split from girlfriend of 4 years, took 50% of the house deposit that was mine, went to Premiers in West Wickham, and said, i'll have one of those please, and i'll pay cash ching ching, ching ching!! Picked up 2 weeks later.

Bought my K5 on 0%, 4300 over 3 years, £120 per month.

[northwind]

I got mine private, but paid cash. I'm used to dealing with silly money from my work, but it's a bit mor nervous-making when it's your own There's an inside pocket in my lookwell jacket which is perfectly constructed for carrying wedges of £50 notes though...