April 16th, 2012, 06:23 AM | #1 |
The Luck Dragon
Name: William
Location: Stuart, FL
Join Date: Apr 2012 Motorcycle(s): 2013 Ninja ZX-6R B/W Posts: 738
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Buying a bike as a student.
Well the plan is to get the bike in July regardless of how much i have saved up at the time, so i was wondering if anyone has experience with the typical APR rates for a student to finance the rest of the bike?
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April 16th, 2012, 06:27 AM | #2 |
ninjette.org sage
Name: David
Location: Loves Park, IL
Join Date: Feb 2011 Motorcycle(s): Time will tell Posts: 969
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Unless you absolutely need it... Why not just buy it all out when you can afford it? Buying used will cost less, and if you drop it, you won't be as disappointed because it has likely been dropped before.
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April 16th, 2012, 06:27 AM | #3 | |
ninjette.org member
Name: Ryan
Location: Ohio
Join Date: Dec 2011 Motorcycle(s): 2012 Ninja 250r Candy Apple Lime Posts: 68
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Quote:
I would personally try to save up for it. His insurance is also double because he doesn't own the bike, the bank does. Last futzed with by ryanG19; April 16th, 2012 at 06:29 AM. Reason: Adding some stuff |
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April 16th, 2012, 06:30 AM | #4 |
The Luck Dragon
Name: William
Location: Stuart, FL
Join Date: Apr 2012 Motorcycle(s): 2013 Ninja ZX-6R B/W Posts: 738
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Well i'm 18 and will be 19 in July, not sure if my parents can co-sign since they just took out a loan for a house (Maybe i could get my sister to co-sign, not too sure how her credit is though). As for my credit i just now applied for a discover card to try getting that up but i doubt there will be much of an increase by then in my score. I'll probably have 2 grand set aside by the time i make the purchase.
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April 16th, 2012, 06:35 AM | #5 | |
ninjette.org member
Name: Ryan
Location: Ohio
Join Date: Dec 2011 Motorcycle(s): 2012 Ninja 250r Candy Apple Lime Posts: 68
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Quote:
P.S. None of this was negative, just letting you know where you stand. |
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April 16th, 2012, 06:37 AM | #6 |
The Luck Dragon
Name: William
Location: Stuart, FL
Join Date: Apr 2012 Motorcycle(s): 2013 Ninja ZX-6R B/W Posts: 738
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Yeah i understand, i know i'm gonna have to have somebody sign with me probably. Oh and i have no student loans.
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April 16th, 2012, 06:47 AM | #7 |
Avid Kitteh Poster
Name: Justin
Location: Norcal
Join Date: Sep 2011 Motorcycle(s): 2006 Yamaha TTR 50 SUCK IT Posts: A lot.
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ewww buying it at the worst time too....
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I powdercoat stuff Help me pay for my addiction I say funny stuff. http://twitter.com/JustinPWNSyou sometimes... I write like a 12 year old too, http://justinpwnsyou.wordpress.com/ |
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April 16th, 2012, 06:51 AM | #8 |
The Luck Dragon
Name: William
Location: Stuart, FL
Join Date: Apr 2012 Motorcycle(s): 2013 Ninja ZX-6R B/W Posts: 738
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Well, living in Florida prices don't fluxuate too much where i live since we can ride year round. Or at least that's the way it's seemed every time i check prices for the past year.
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April 16th, 2012, 06:54 AM | #9 |
Avid Kitteh Poster
Name: Justin
Location: Norcal
Join Date: Sep 2011 Motorcycle(s): 2006 Yamaha TTR 50 SUCK IT Posts: A lot.
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I guess, i live in CA and we can ride year around too, but still it gets chilly in the winter so prices are lower.. but yeah I guess.
__________________________________________________
I powdercoat stuff Help me pay for my addiction I say funny stuff. http://twitter.com/JustinPWNSyou sometimes... I write like a 12 year old too, http://justinpwnsyou.wordpress.com/ |
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April 16th, 2012, 06:55 AM | #10 |
The Luck Dragon
Name: William
Location: Stuart, FL
Join Date: Apr 2012 Motorcycle(s): 2013 Ninja ZX-6R B/W Posts: 738
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Oh yeah it gets cold over there, i visited a friend a year ago at the end of October and it was freaking freezing. The coldest it gets around here even in December if we aren't getting a cold front is around 60-70, so not too terrible.
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April 16th, 2012, 06:56 AM | #11 |
Avid Kitteh Poster
Name: Justin
Location: Norcal
Join Date: Sep 2011 Motorcycle(s): 2006 Yamaha TTR 50 SUCK IT Posts: A lot.
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ah yeah I guess it gets like 40 around here in the days...
but it doesnt snow...
__________________________________________________
I powdercoat stuff Help me pay for my addiction I say funny stuff. http://twitter.com/JustinPWNSyou sometimes... I write like a 12 year old too, http://justinpwnsyou.wordpress.com/ |
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April 16th, 2012, 06:58 AM | #12 |
The Luck Dragon
Name: William
Location: Stuart, FL
Join Date: Apr 2012 Motorcycle(s): 2013 Ninja ZX-6R B/W Posts: 738
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Snow... I haven't seen snow since i left Rhode Island when i was 10. Can't say i miss it too much.
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April 16th, 2012, 07:13 AM | #13 |
ninjette.org member
Name: Andrea
Location: VA/NC
Join Date: Mar 2012 Motorcycle(s): None yet... hoping for a ninja 650 :) (yes, that is a motorcycling my little pony :) ) Posts: 64
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I'm a student and I'm going to be getting mine in... January-ish. I'm going the used route... i think it'll be better incase you drop the bike. Cheaper too!
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April 16th, 2012, 07:16 AM | #14 |
The Luck Dragon
Name: William
Location: Stuart, FL
Join Date: Apr 2012 Motorcycle(s): 2013 Ninja ZX-6R B/W Posts: 738
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Yeah, i'm definitely going to get a used one if i can from the dealer. Along with some frame sliders
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April 16th, 2012, 07:19 AM | #15 |
ninjette.org member
Name: Shawn
Location: Clearfield, UT
Join Date: Apr 2012 Motorcycle(s): 2009 Ninja 250 (blue) Posts: 134
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I'm a student and was able to get financing below 3% on a used 2009 ninja.
Though it's a little different since I'm in graduate school and already own a house. Hopefully by 18 you have positioned yourself to build up a solid credit rating. (car loan, secured credit card, robust savings account, etc...) I would advise against buying a motorcycle if you do not have a car or are not living on your own. Don't ever put yourself in the position that you have to use the motorcycle if your body and mind aren't at 100%, so you still need a car. I would have hated having a motorcycle while at my parents, because after I moved into an apartment, I would have to store the thing in open elements around jerk neighbors. Now that I have my own house and garage, things are tons easier. |
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April 16th, 2012, 07:21 AM | #16 | |
The Luck Dragon
Name: William
Location: Stuart, FL
Join Date: Apr 2012 Motorcycle(s): 2013 Ninja ZX-6R B/W Posts: 738
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Quote:
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April 16th, 2012, 07:40 AM | #17 | |
ninjette.org member
Name: Andrea
Location: VA/NC
Join Date: Mar 2012 Motorcycle(s): None yet... hoping for a ninja 650 :) (yes, that is a motorcycling my little pony :) ) Posts: 64
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Quote:
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April 16th, 2012, 07:42 AM | #18 |
ninjette.org member
Name: Andrea
Location: VA/NC
Join Date: Mar 2012 Motorcycle(s): None yet... hoping for a ninja 650 :) (yes, that is a motorcycling my little pony :) ) Posts: 64
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I'm guesstimating 8000 outright for everything including emergency cash for repairs etc. and that's for a 600. Trust me, as soon as I found out what the MPG on a bike was... i was sold for good haha. I drive a 1990 ford pickup... lol hello 14 mpg... XD
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April 16th, 2012, 07:44 AM | #19 |
The Luck Dragon
Name: William
Location: Stuart, FL
Join Date: Apr 2012 Motorcycle(s): 2013 Ninja ZX-6R B/W Posts: 738
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17 mpg right now in the dodge dakota . 10 mpg once i switch to the 68 stang YAY ME.
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April 16th, 2012, 07:53 AM | #20 |
ninjette.org member
Name: Andrea
Location: VA/NC
Join Date: Mar 2012 Motorcycle(s): None yet... hoping for a ninja 650 :) (yes, that is a motorcycling my little pony :) ) Posts: 64
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oh dear god.... yeah, it's s pretty car but gas is expensive!! haha it helps that I'll be graduating next spring also, so I won't have to worry about these stupid cold winters up here and my truck freezing... helloooo Melbourne! haha
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April 16th, 2012, 07:57 AM | #21 |
The Luck Dragon
Name: William
Location: Stuart, FL
Join Date: Apr 2012 Motorcycle(s): 2013 Ninja ZX-6R B/W Posts: 738
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Yeah, my rationalization is that yes i will be making payments, but the money i'll be saving on gas will pay for it on it's own. So i'm not afraid of throwing money at the dealer every month for the damn thing till the rest is payed off lol.
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April 16th, 2012, 08:14 AM | #22 |
Jigglin' your Jiglets
Name: Sean
Location: San Jose, Ca
Join Date: Jun 2011 Motorcycle(s): 2009 K1300S, 2013 Ninja 300, 2011 Ninja 250R, Faster than Unregistered's ninjette Posts: Too much.
Blog Entries: 1
MOTM - Apr '13
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I bought my first ninja 250 when I was 20. I had had a credit card since I turned 18 and made payments on it every month. When I bought my motorcycle I was up to a 730 credit score. I applied for Kawis card, they have three tiers, I got tier 3, the worst, 11.99% for 2 years and then 24% after that. I had some money saved up so I ended up paying the bike off in 3 months before I was ever charged interest.
You can try to apply for the kawi card, not sure if they will give it to you, even with my relatively good score, they still gave me the worst tier.
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If the Ninja 250 doesn't have enough power for you, then you don't know how to ride it. AFM #676 Supersports are for n00bs |
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April 16th, 2012, 08:15 AM | #23 |
Jigglin' your Jiglets
Name: Sean
Location: San Jose, Ca
Join Date: Jun 2011 Motorcycle(s): 2009 K1300S, 2013 Ninja 300, 2011 Ninja 250R, Faster than Unregistered's ninjette Posts: Too much.
Blog Entries: 1
MOTM - Apr '13
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Oh yea, you won't save any money, you are delusional. I had the same thought process, trust me, it doesn't happen
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If the Ninja 250 doesn't have enough power for you, then you don't know how to ride it. AFM #676 Supersports are for n00bs |
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April 16th, 2012, 08:16 AM | #24 |
The Luck Dragon
Name: William
Location: Stuart, FL
Join Date: Apr 2012 Motorcycle(s): 2013 Ninja ZX-6R B/W Posts: 738
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It's because they knew that lady was going to come after you!
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April 16th, 2012, 08:17 AM | #25 |
The Luck Dragon
Name: William
Location: Stuart, FL
Join Date: Apr 2012 Motorcycle(s): 2013 Ninja ZX-6R B/W Posts: 738
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April 16th, 2012, 08:21 AM | #26 |
Jigglin' your Jiglets
Name: Sean
Location: San Jose, Ca
Join Date: Jun 2011 Motorcycle(s): 2009 K1300S, 2013 Ninja 300, 2011 Ninja 250R, Faster than Unregistered's ninjette Posts: Too much.
Blog Entries: 1
MOTM - Apr '13
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To help you keep track, the below link is for the updated excel file
http://www.ninjette.org/forums/showp...9&postcount=47 This is the whole thread http://www.ninjette.org/forums/showt...highlight=cost
__________________________________________________
If the Ninja 250 doesn't have enough power for you, then you don't know how to ride it. AFM #676 Supersports are for n00bs |
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April 16th, 2012, 08:27 AM | #27 |
The Luck Dragon
Name: William
Location: Stuart, FL
Join Date: Apr 2012 Motorcycle(s): 2013 Ninja ZX-6R B/W Posts: 738
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Oh, thanks this looks pretty useful to help figure out the budgeting the first few months.
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April 16th, 2012, 08:33 AM | #28 |
ninjette.org member
Name: Andrea
Location: VA/NC
Join Date: Mar 2012 Motorcycle(s): None yet... hoping for a ninja 650 :) (yes, that is a motorcycling my little pony :) ) Posts: 64
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that's really cool! Lucky for me... my boyfriend has been riding/owning bikes and cars since before he could pay for them (granted he's only 22 but... this is his 4th bike... and he paid for his mom's car lol) so he's going to help me with budgeting. I'm working off of a used bike price, with tags, state inspection, personal prop tax, insurance, bags for the bike (still can't seem to find one that will fit my freakin macbook....) and a hockey puck thingie for the kickstand. I already have all my gear and the cover haha
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April 16th, 2012, 08:49 AM | #29 | |
The Luck Dragon
Name: William
Location: Stuart, FL
Join Date: Apr 2012 Motorcycle(s): 2013 Ninja ZX-6R B/W Posts: 738
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Quote:
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April 16th, 2012, 08:50 AM | #30 | |
ninjette.org member
Name: Shawn
Location: Clearfield, UT
Join Date: Apr 2012 Motorcycle(s): 2009 Ninja 250 (blue) Posts: 134
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Quote:
I always get my loans directly through my credit union. There are a couple extra steps involved, but that is the way to get the really low rates (less than 3%) unless the dealer is offering no interest financing. |
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April 16th, 2012, 08:55 AM | #31 |
ninjette.org member
Name: Avais
Location: Philadelphia, PA. USA
Join Date: Dec 2011 Motorcycle(s): 2010 Ninja 250R Special Edition Posts: 180
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I'd go for a used bike....because you most probably you will drop it....
won't hurt as much, if its used.
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249cc FTW..! |
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April 16th, 2012, 08:56 AM | #32 |
The Luck Dragon
Name: William
Location: Stuart, FL
Join Date: Apr 2012 Motorcycle(s): 2013 Ninja ZX-6R B/W Posts: 738
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April 16th, 2012, 09:01 AM | #33 | |
ninjette.org member
Name: Avais
Location: Philadelphia, PA. USA
Join Date: Dec 2011 Motorcycle(s): 2010 Ninja 250R Special Edition Posts: 180
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Quote:
It could be nature or some other freak accident. Well whatever you decide, good luck and be safe brother.
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249cc FTW..! |
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April 16th, 2012, 09:13 AM | #34 |
ninjette.org member
Name: Akshay
Location: Lakeville,MN
Join Date: Feb 2012 Motorcycle(s): 2012 Ninja 650 Posts: 146
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I'm a student also, junior in college, and I just bought new also but paid it all. I had 5k set aside and the bike was 7300.. so my parents pitched in the rest and I paid them back. But yeah my dad has near perfect credit.. ~795.. and the dealer still said he would only be able to give us a rate of like 2-3%.. Only wouldve financed if it was 0% but meh
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April 16th, 2012, 09:17 AM | #35 |
ninjette.org member
Name: Andrea
Location: VA/NC
Join Date: Mar 2012 Motorcycle(s): None yet... hoping for a ninja 650 :) (yes, that is a motorcycling my little pony :) ) Posts: 64
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I'm just going to buy the bike straight out... haha in cash. I'm not for financing and rates and all that jazz :P
OP: As for a jacket I went with joe rocket and got a fantastic CE level 2 back protector to replace the flimsy boogieboard material that came with the jacket lol I have to get a liner though... |
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April 16th, 2012, 09:20 AM | #36 | |
ninjette.org member
Name: Andrea
Location: VA/NC
Join Date: Mar 2012 Motorcycle(s): None yet... hoping for a ninja 650 :) (yes, that is a motorcycling my little pony :) ) Posts: 64
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Quote:
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April 16th, 2012, 09:22 AM | #37 | |
The Luck Dragon
Name: William
Location: Stuart, FL
Join Date: Apr 2012 Motorcycle(s): 2013 Ninja ZX-6R B/W Posts: 738
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Quote:
This one goes with my helmet and gloves. http://www.motorcycle-superstore.com...ce-Jacket.aspx |
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April 16th, 2012, 09:32 AM | #38 |
The Luck Dragon
Name: William
Location: Stuart, FL
Join Date: Apr 2012 Motorcycle(s): 2013 Ninja ZX-6R B/W Posts: 738
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On a side not, i won't be taking any summer semesters this year, so i'll be getting even more hours at work more than likely and i'll be able to pay everything off quicker.
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April 16th, 2012, 09:59 AM | #39 |
ninjette.org member
Name: Andrea
Location: VA/NC
Join Date: Mar 2012 Motorcycle(s): None yet... hoping for a ninja 650 :) (yes, that is a motorcycling my little pony :) ) Posts: 64
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I'll have my summer internship buuuut I won't be getting my endorsement until October... I just want to get my bike before I move to Florida haha
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April 16th, 2012, 10:01 AM | #40 | |
ninjette.org member
Name: Andrea
Location: VA/NC
Join Date: Mar 2012 Motorcycle(s): None yet... hoping for a ninja 650 :) (yes, that is a motorcycling my little pony :) ) Posts: 64
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Quote:
I got this one. I don't have gloves yet, I'm a bit picky because I have small hands hahahahah http://www.leatherup.com/p/Womens-Mo...ket/55873.html |
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