Quote:
Originally Posted by MrAtom
Financing toys is just a bad idea in general.
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Yup. Yet young newbs do it all the time. They start by having no money, wanting a NEW bike and wanting it NOW. So they take out a high interest loan, pay for financing, full MSRP plus huge fees and service plan, and pay exorbitantly high insurance for anyone under 25, which is even higher because the insurance co knows they live in an apartment in a poor area with no garage to store their bike in. (theft is as likely as a crash totaling the bike)
Then 2 months later they realize motorcycling is not for them (financial issues just went from bad to worse) And there's the $6K Ninja 300 for sale on craigslist and it has a lien on it.
We don't need to be encouraging new riders, we need to be talking some sense into people.