I'm just going to throw in because I disagree with some of what's being said. Sometimes a motorcycle is worth taking out a loan. I use mine for commuting and literally save enough in gas to cover my motorcycle payment. I'm paying for the insurance and my fuel fund has been diverted into the bike. Yes I'm putting out a little extra cash but I'm also getting some equity.
HOWEVER, in your case, I don't think a loan is a good idea. I've owned bikes before, I know the cost. It's worth it to me because my wife has the good car now instead of the old beater that seems to break down every third time she drives it.
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