cmoosego Posted May 3, 2009 Report Share Posted May 3, 2009 I've paid cash for every bike I have owned..I don't like financing...its just paying more than you have too...Although I did have to finance my house! LOLcause you are baller rich.... you suck mang!! (no wonder the ladies are chasing you, if you were broke like me you wouldn't get a second glance...i.e. you ugly mang!!) Quote Link to comment Share on other sites More sharing options...
ReconRat Posted May 3, 2009 Report Share Posted May 3, 2009 This thread is still alive?... I pay cash. Just write a check. If I want some back, I surrender the title to the credit union for a one or two year loan. The interest paid on a short term loan is hardly worth the lending institution doing it. Which I've only done once on a bike. No banks, their job is to take money away from you whatever way they can. That's true for dealerships also, as far as I can see.No full coverage insurance that way. If I crash or ding it up, I pay for it. That will teach me not to crash. This does not work for bikes that are targets of theft. Those need the theft coverage, without a doubt. You can usually tell by the insurance coverage rates, or just ask your agent.I've heard that paying cash for vehicles is subject to investigation by the Federal Gov. I don't care. I'm not the droid you're looking for. Nothing to see here, move along... (I think it has to be over $10,000) Quote Link to comment Share on other sites More sharing options...
John Posted May 3, 2009 Report Share Posted May 3, 2009 straight cash homey.for everything. Quote Link to comment Share on other sites More sharing options...
smashweights Posted May 3, 2009 Report Share Posted May 3, 2009 This thread is still alive?... I pay cash. Just write a check. If I want some back, I surrender the title to the credit union for a one or two year loan. The interest paid on a short term loan is hardly worth the lending institution doing it. Which I've only done once on a bike. No banks, their job is to take money away from you whatever way they can. That's true for dealerships also, as far as I can see.No full coverage insurance that way. If I crash or ding it up, I pay for it. That will teach me not to crash. This does not work for bikes that are targets of theft. Those need the theft coverage, without a doubt. You can usually tell by the insurance coverage rates, or just ask your agent.I've heard that paying cash for vehicles is subject to investigation by the Federal Gov. I don't care. I'm not the droid you're looking for. Nothing to see here, move along... (I think it has to be over $10,000)how'd you get out of full coverage with a CU loan? I got my loan from my CU and had to have full coverage on it until the loan value fell below $2000. did you just get a general money loan or a vehicle-specific loan? Quote Link to comment Share on other sites More sharing options...
ReconRat Posted May 3, 2009 Report Share Posted May 3, 2009 how'd you get out of full coverage with a CU loan? I got my loan from my CU and had to have full coverage on it until the loan value fell below $2000. did you just get a general money loan or a vehicle-specific loan?I don't remember any bank or credit union asking for full coverage or proof of. I'm probably ignorant on this, but I bet they were doing personal loans with the title as collateral. Not a vehicle loan. (I don't see the difference, if they hold the title.) I would still have to pay it off. The only time I did it with a bike title, was with a bank near my work place. And they demanded a small insurance policy against the motorcycle loan. Banks sux. And yes, I was probably below the limit of the loan value also, so no full coverage required.But... I've never had it come up on a car, van, or truck either. Dunno... Maybe I just buy cheap junk, tear it up and throw it away, ha. Quote Link to comment Share on other sites More sharing options...
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