Budget Ducati V4

MdDuc said:

False.
Friends (note the S for plural) of mine were 19 on 1199's paying $200 a month for full coverage with $500 deductibles. I don't know why people think a young adult can't handle a liter bike responsibly. They can. Just because you were stupid as a young adult, or you don't trust your own ....... children in their late teens early twenties doesn't mean the OP is a total squid.
We all are entitled to a few vices when we pay for them.

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No one said anything about not being able to handle a liter bike or being a squid. Clearly you can't comprehend what you read.

I've never been careless when riding my bikes since day 1 which was almost 15yrs ago.

Your "friends" also probably don't live in California. Insurance companies are expensive in California in general. There's no way in hell ANY insurance company in California would insure a 19yr old riding a new Ducati for $200/mo. with a $500 deductible, no matter what the liability limits are for full coverage. Feel free to search around n let me know how successful you are with your search. Better yet, maybe OP can chime in with his findings as well as post his age and coverage limits for reference.

I'm 38 so if I've got a late teens early 20s kid out there somewhere that has made ...... life decisions, that would be news to me. Next time you post, try not to sound like an ...... Then again, that's the reputation you've earned on here. Congrats.

I think you absolutely need to understand the gravity of the purchase you want to commit to.

as quoted from Duc

The Standard V4 is $1,200 more than the outgoing Ducati 1299, and the V4 S is $1,700 more than the 1299 S.

The increased pricing is part of Ducati's desire to make the flagship Panigale more exclusive, and creates more space between the 2018 Ducati 959 Panigale, which will be $15,395.

For those interested in the Ducati Premier Financing program, which is smaller monthly payments and one large balloon payment, the terms are:

(48 months / $2,000 down / +$750 freight / 4.79% interest)
Ducati Panigale V4: $262 / $10,356
Ducati Panigale V4 S: $349 / $13,404
Ducati Panigale V4 Speciale: $522 / $19,429

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I just did a rough calculation, you'lll be paying on the bike alone annually, 3,144. At the end of the term (4yrs) you'll would have already paid 12,576 and on top of that you'll need to pay the final BALLON payment of 10,356.

This is not even including the insurance you'll pay, being a low/mid 20s college adult, you'll at least spend 1500 (don't kid yourself this is a modern ducati flagship sports bike) annually for insurance which comes out to be 125 a month.

Finally you'll have to include maintenance which is tires/fluids/checkups, I don't know your riding habits so you'll have to factor that in for this bike.

So on the insurance and monthly payment of the bike you're guarrented to spend 387ish almost 400 a month on the bike alone, I think the members here are right to steer you away. If you don't have a cushy job at the end of your term, you're going to struggle financially for the long term just to indulge your senses. I would not want to be in a situation where you get dinged on your credit and REPOed on the bike.

mark419ny said:

ok i will lay this out financially for you. just strictly by the numbers i don't care about your age or mindset or anything like that.

1 you can't afford the bike. you make 35k living at home in California. with no taxes and no bills it would be almost 60 percent of your annual income before taxes.

2 unless your parents are signing for it you won't get a good loan rate

3 you have no bills now but what if you want a nicer car how about a real date you know the ones in CA that cost 300 dollars to take the hottie out that you won't do because. your living on ramen noodles. and the payment is more than you make in a month.

4 what happens when you want to move out can't that place to rent or eventually buy because you wanted a 20k bike.

add insurance minimum will cost you 1000 a year. after taxes.

service gas parts and god forbid you crash it. your digging a hole for a bike. out of your mind. if i were you id take the r6 money and invest it. or better yet move out of CA

do you want me to continue or are you going to say i don't know what I'm talking about.

i want a ferrari i didnt get it because there was other toys i bought first . you know a house a car then bikes i guess enzo has to wait.

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Damn... Now I'm craving ramen noodles. Thanks for that.

Sent from my SM-G955W using Tapatalk

Do it, create the best memories and stories to tell your kids.

You only live once.

I'm sensing that you already have your mind made up on getting the bike and are simply looking for a little reassurance.

Is it a good idea to get the bike?
Absolutely not.

Would I have bought the bike had I been in your same situation when I was younger?
Absolutely.

I blew a lot of money when I was younger on cars, and had a blast doing it. Now that I'm older, I wish I made better decisions with that money (and my time)...like many of the others are suggesting.

*Note* I'm assuming you're young. If you're some 40 year old dude, disregard everything I said.

How much are you getting from the insurance check?

mark419ny said:

ok i will lay this out financially for you. just strictly by the numbers i don't care about your age or mindset or anything like that.

1 you can't afford the bike. you make 35k living at home in California. with no taxes and no bills it would be almost 60 percent of your annual income before taxes.

2 unless your parents are signing for it you won't get a good loan rate

3 you have no bills now but what if you want a nicer car how about a real date you know the ones in CA that cost 300 dollars to take the hottie out that you won't do because. your living on ramen noodles. and the payment is more than you make in a month.

4 what happens when you want to move out can't that place to rent or eventually buy because you wanted a 20k bike.

add insurance minimum will cost you 1000 a year. after taxes.

service gas parts and god forbid you crash it. your digging a hole for a bike. out of your mind. if i were you id take the r6 money and invest it. or better yet move out of CA

do you want me to continue or are you going to say i don't know what I'm talking about.

i want a ferrari i didnt get it because there was other toys i bought first . you know a house a car then bikes i guess enzo has to wait.

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Maybe you missed the previous posts, maybe you don't care, maybe you're a keyboard warrior putting people down behind the mask of a screen, I'm not sure. I came to this board hoping to be a part of the community and all. Unsurprisingly, I am faced with condescension. After all, a large portion of people with Ducati's are "that guy" the "I'm better than you because I make X amount a month." I was hoping that the forums would be more friendly, more inviting. But since you speak to me like an irresponsible child, I will respond to you like one.

1) Making $35k year with almost no bills means I CAN afford the bike. After all, that's why people save. I can see you as the 65 year old man with a Porsche driving 65 in the fast lane, smugly thinking that you deserve the world because you waited your entire life to purchase it outright. Spend what you need to, save the rest for what you really want.

2) What loan are you exactly talking about? What premise are you going off of to assume that I'm taking out a loan to acquire a vehicle? Read the entire thread and educate yourself before responding. The bike will be purchased practically outright.

3) I just got out of a three year relationship and I have absolutely no intention of going on a date, yet alone spend $300 on one. The only women in my life that deserves a $300 date is my mother. Payments being more than I make in a month? Not sure if you're being an ....... or if you're just bad at math. $35,000 a year is almost $3,000 a month. Even if I was putting $0 down I'd still be able to finance it.

4) Not sure what to make of this one. What happens when I want to move out? Then I move out. Plain and simple. The bike will be paid off and well, that's that.

Gas, cheap, service and parts? Not cheap, I agree. But there's literally nothing I want to do to the bike besides get rid of that chastity belt they call a fender. If I crash it? That's what insurance is for now isn't it? Pay my deductible, a few days later I either have it in the shop getting fixed up, or have the money for an entirely new bike.

I came here asking for an opinion and you gave it, I thank you for that, but please keep in mind, not all are fortunate enough to be where you are right now. Wherever that is. And some will never have the opportunity in their entire lifetime. A little kindness goes a long way. This board is a community, we should be here to support each other. At least I think. My two cents.

SixShock said:

I think you absolutely need to understand the gravity of the purchase you want to commit to.

as quoted from Duc

I just did a rough calculation, you'lll be paying on the bike alone annually, 3,144. At the end of the term (4yrs) you'll would have already paid 12,576 and on top of that you'll need to pay the final BALLON payment of 10,356.

This is not even including the insurance you'll pay, being a low/mid 20s college adult, you'll at least spend 1500 (don't kid yourself this is a modern ducati flagship sports bike) annually for insurance which comes out to be 125 a month.

Finally you'll have to include maintenance which is tires/fluids/checkups, I don't know your riding habits so you'll have to factor that in for this bike.

So on the insurance and monthly payment of the bike you're guarrented to spend 387ish almost 400 a month on the bike alone, I think the members here are right to steer you away. If you don't have a cushy job at the end of your term, you're going to struggle financially for the long term just to indulge your senses. I would not want to be in a situation where you get dinged on your credit and REPOed on the bike.

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Bike will be purchased almost entirely in cash

BROsiah said:

How much are you getting from the insurance check?

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should've been getting $9,000... But thanks to the california minimum for property damage ($5,000) they could only give me $5,000. I told them to eat my ...., went through my own insurance, paid my deductable, all and all, $8,000.

Peach said:

should've been getting $9,000... But thanks to the california minimum for property damage ($5,000) they could only give me $5,000. I told them to eat my ...., went through my own insurance, paid my deductable, all and all, $8,000.

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I agree with most and say wait before you buy a bike that cost almost what you make in a year. But i understand still wanting to ride . Id take that 8k and buy a track bike,some gear. You'd own it out right , no payments plus no insurance .Then do a few track days a month twice as fun and youre not locked into a big loan for 4 years so you can stop at anytime.

Peach said:

Bike will be purchased almost entirely in cash

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when I was your age I spent my money on gambling , loose women , partying , and the rest I just wasted.

seriously people are acting like you're putting your money in a pile and lighting it on fire. I would guess they missed the part where you have a huge chunk of it in cash upfront .

here is what I might do (for fun & practicality ) if I were in your shoes
buy the bike far away from where you live like a plane ride away and ride it home.
finance half of it - to build credit and possibly e-trade the rest of your savings -but ultimately to keep a buffer.
take pictures of your bike and post it on this forum just to piss nymark off LOL

BROsiah said:

I agree with most and say wait before you buy a bike that cost almost what you make in a year. But i understand still wanting to ride . Id take that 8k and buy a track bike,some gear. You'd own it out right , no payments plus no insurance .Then do a few track days a month twice as fun and youre not locked into a big loan for 4 years so you can stop at anytime.

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Thank you! that's definitely something i've considered. But that 8k is going on top of what i already have saved. The Duc woukld be paid off in around six months.

Macattack said:

when I was your age I spent my money on gambling , loose women , partying , and the rest I just wasted.

seriously people are acting like you're putting your money in a pile and lighting it on fire. I would guess they missed the part where you have a huge chunk of it in cash upfront .

here is what I might do (for fun & practicality ) if I were in your shoes
buy the bike far away from where you live like a plane ride away and ride it home.
finance half of it - to build credit and possibly e-trade the rest of your savings -but ultimately to keep a buffer.
take pictures of your bike and post it on this forum just to piss nymark off LOL

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May i ask why i would purchase the bike out of state? i understand it would give me a lot of seat time on the bike, but, let me put it this way. If i could sleep on the thing, i would. Growing up i've admired Ducs. Never thought the idea of purchasing one on top of my R6 would be a good idea. Maybe six or seven years down the line when the old girl is ready to die i could/would. Push came to shove, my baby lived a short life. An exciting one, but too short. Sad part is, i just got my hands on a full suit and was ready to do a track day when the season started.

Do you want to buy my bike? $10k flat for 2012 base?

with ABS i might add

jyli19 said:

Do you want to buy my bike? $10k flat for 2012 base?

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Thank you! But no thank you. For now now at least. I do appreciate the offer though.

Peach said:

May i ask why i would purchase the bike out of state? i understand it would give me a lot of seat time on the bike, but, let me put it this way. If i could sleep on the thing, i would. Growing up i've admired Ducs. Never thought the idea of purchasing one on top of my R6 would be a good idea. Maybe six or seven years down the line when the old girl is ready to die i could/would. Push came to shove, my baby lived a short life. An exciting one, but too short. Sad part is, i just got my hands on a full suit and was ready to do a track day when the season started.

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I was just saying take the long trip on a bike now while you can . the adventure of the open road on a bike is something I regret not doing more of when I didn't have so many people depending on me.

Macattack said:

I was just saying take the long trip on a bike now while you can . the adventure of the open road on a bike is something I regret not doing more of when I didn't have so many people depending on me.

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Ah i see. I try to do a trip up to Bodega Bay and Fort Bragg annually. 3-4 hours depending on how much i want to punish myself. As well as a monthly trip up Ice House, about two hours. I just don't have many friends that ride, and the ones that do usually can't keep up. it's not a race i know i know, by no means am i a street Rossi as they say. But i do keep up a decent pace.

Peach said:

Bike will be purchased almost entirely in cash

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ahh the story changes now. you never said you were paying for the bike in cash. you said you are a college student make 35k a year. thats what i went by. if you make 35k in California I'm sorry you cannot afford the bike get real. i don't care if you have 0 bills.

second i was trying to knock some sense into your head spending 60% of your yearly salary on a motorcycle is crazy. whats the avg rent in CA? on 35k with 500 a month going to a bike all in then say what 1500 a month rent. you aren't moving out. now if your a trust fund kid that just has a 35k a year job to satisfy the fund thats a different story. go buy the bike.

finally i didnt say you should or shouldn't get the bike i said 35k a year you cannot afford the bike even with 0 bills.

go buy it let me know how it works out. come to think of it I'm waiting for the v4r maybe we can get a discount and buy 2

Well Mark, he's in or near Sacramento so he's not in L.A. on 35k/yr income, he's probably taking home about 2k a month, max. Could he afford the bike? Sure he can. He doesn't have any major bills yet. He still hasn't said anything about what his insurance is gonna cost and what kinda limits n all that.

On another note, dumping a large sum of money into a depreciating asset isn't a good idea at all. Not sure what your credit history is like but if you have any, it would be better to finance with minimal down payment. Takes a longgggg time to save a large sum of money. You can do better things with a large sum and pay a small interest rate on a loan and make bike payments as long as you have a steady stream of income. If you don't have credit, then you're left with no choice.