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Old Nov 28th 2017, 09:37 PM   #1
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From: California

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I Ride: Ducati V4
Budget Ducati V4

I can't seem to be the only one on here on a budget hoping to get a new Ducati... Am I? I'm currently going through college working full time making around $35,000 a year. I'm fortunate enough to be able to live with my parents during all this so besides a phone bill and little things like that, my "monthly bills" are at a minimum.

I recently got rear ended on my R6 and it got totaled. Insurance check came through so I'm in search of a new bike. I understand nothing about the bike is cheap, from the initial tag on the bike, tires, services, and so on, but honestly it's the only motorcycle out there that excites me. I've had some seat time on the s1000rr as well as the 1299. S1k was fast and all but lacked character in my opinion.

Lurking the forums it seems many of you are so willing to shell out the dough for a new bike so often (I would if i could too) I even saw a post that was excited about the $5,300 price tag on the Akra, he/she was expecting it to be more. So what do you guys think? Would i be sending myself into a pit?

tltr; want to buy the new V4 base but i'm not swimming in money
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Old Nov 28th 2017, 10:01 PM   #2
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Why any young kid (assuming you're a young kid) would even want to do this is beyond me. Insurance alone will rip you a new one. Get another japanese 600 and call it a day. When you're done with school, are older than 25 and make more money, go buy all the Ducati bikes you want.

Even if you could afford it right now, having an insurance payment be as much as or more than the bike payment is not worth it. This will more than likely be the case. And if you say your insurance is gonna be cheap because you're gonna have lower liability limits and a high deductible, then you're definitely not ready to get into a Ducati.

In the end, it's your money and your decision. Is it worth it? Not a chance in hell. You could wait another year or two, let the buzz die down some as you get older n have more money and make that purchase a little easier to justify. No need to rush into that kinda purchase....unless of course you're into dick measuring contests.
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Old Nov 28th 2017, 10:31 PM   #3
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Quite a condescending tone. You're saying if I wait a few years I'm not a kid? You're not wrong about insurance costing a pretty penny, but more than the bike payment itself? A bit presumptuous to assume that I'm financing the entire thing, and never would I consider anything g other than full coverage for any vehicle I own, especially a motorcycle. I've been saving for an opportunity like this for years, with the money from insurance I'll be able to buy it almost outright. I respect your opinion but not your tone. I'm not here to wag my dick around, nor am I buying a Duc to baby it. I rode my six hard, I intend to do the same with the V4. I'm looking into Ducati because I'm passionate about it. The buzz won't die down, people who are into Ducati's will always be into Ducati. Every year there will be a new "buzz". I'm not a fan of buying used, especially with sports bikes. Nobody buys one to pussy foot it.
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Old Nov 28th 2017, 10:57 PM   #4
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I'd say.... if you can afford it, WHY NOT? Life can be short, if you can....Do it! Nothing wrong in my book to work hard to play just as hard. Working hard to strive to better yourself is a GOOD thing!
I work a few different jobs to provide for my family, and have a few nice toys for myself.
Do research on maintenance costs before you do it though, their not for the budget minded AT ALL.

Words to live by ..... you'll never see a U-haul behind a hearse!
Meaning, you can't take it with you when you check out.

And what ever you do, stay away from Geico insurance, they're happy to take your money. But will treat you like a criminal if you try to make a claim.
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Old Nov 28th 2017, 11:06 PM   #5
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I would wait till after college and secure a high paying job.

I say this to my sister and brother all the time, if your struggling now why not put the money towards a betting paying job.

Afterwords you can pay everything in cash no need to be burden by credit cards to make ends meet.

Ducatis are expensive in parts and to service
$500 for oil change and quick check over
$1500 for checking valve clearances
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Last edited by Halo2; Nov 28th 2017 at 11:17 PM.
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Old Nov 28th 2017, 11:14 PM   #6
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Sorry if I haven't made it clear, I can afford it, but like double0 said, insurance won't be cheap. Esurance quoted me a cool $310 a month for full coverage and almost all the maxed goodies. I'm leaning towards purchasing the bike, just waiting for its release. I stayed my original post awkwardly. Trying to make conversation since I'm new to the forums.
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Old Nov 29th 2017, 12:22 AM   #7
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Originally Posted by Peach View Post
I stayed my original post awkwardly. Trying to make conversation since I'm new to the forums.
Fair enough! Welcome and enjoy the new bike.
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Old Nov 29th 2017, 12:40 AM   #8
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I Ride: 2016 Ducati Panigale 1299 S
Budget Ducati V4

Well, how about you do the math!

Out going
1) Cell Phone. -$100
2) Credit Cards - $100
3) Entertainment - $400
4) Girlfriend $0
if you had one you would not have asked if you could afford a 20k cycle which is 40% of your gross pay, plus, you live at home.

Okay so your monthly expenses are about $600

$35k per year or $3250 per month.

Taxes - tough one cause yours might go up, lets say your take home say 70% of gross or $2250

Less expenses of $600, so your net is roughly $$1600

The bike and insurance is going to be $600, at least

That leaves you with about a grand.

Do you have a car? Subtract $450

$650 left

You will likely need to save the rest for the crazy maintenance on the bike and car

Good luck! Lol

In all seriousness, if you want to buy the bike on that kind of income you need to do and stick to a budget. Good luck.
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Last edited by AmpForE; Nov 29th 2017 at 07:33 AM.
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Old Nov 29th 2017, 01:14 AM   #9
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Buying a $20k Ducati would be at the bottom of my priority list if I still lived with my parents...

If you have to have one, buy a used 1199/1299. Resale is horrible on these bikes and you can snatch up a used, low mileage Panigale cheap (especially this time of year).

Also factor in $500-$600 for tires every 2000-2500 miles.
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Old Nov 29th 2017, 01:24 AM   #10
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Live fast, die young, no worries with costs. Go for it.
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