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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.

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.
 
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.

Bike will be purchased almost entirely in cash :)
 
How much are you getting from the insurance check?

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. :(
 
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. :(

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.
 
Bike will be purchased almost entirely in cash :)

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
 
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.

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.
 
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

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. :(
 
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. :(

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.
 
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.

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.
 
Bike will be purchased almost entirely in cash :)

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.
 
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

I'll let you ride mine if you let me ride yours :D
 
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.

Again I'm not sure where you're getting your numbers from, $35k a year means 3k a month, not two.

and you said it yourself. "dumping a large sum of money into a depreciating asset isn't a good idea at all" So tell me, will $21,000 be any less in five years? no? 10 years? didn't think so. The cost will remain fairly the same, give or take some, wherever our economy goes.

I'm sure your next argument will be that while the price point remains the same, I'll be making more money once i finish school, get my degree, and step into a career. You're not wrong, but you can bet that I'll be moving out once i finish school. So now i'm making more money, sure. But is most of that going straight to savings? I don't think it's possible. I'll be roughly at the same bills/income ratio i'm at now.

I get what you're all saying i really do, wait to make more money to make the purchase, but it seems like everybody's argument is the same. $20,000 is a lot of money to dump into something that won't hold half its value. But that'll always be the case.

I've seen a few of your posts double0, all with the same condescending tone you've been replying with from the get go. I won't take it personally, after all we are on the internet here, but i do wonder what the world has done to you for you to always be on attack mode.
 
Lol funny guy.

So what you're sayin is your "net" income is 35k/yr. That's very different than saying "I make 35k/yr"

Clearly you missed my point. Saying dumping a large sum of money AT ONCE isn't a good idea. If I had 20k cash laying around, I'd go n finance the bike with little to nothing as down payment and do somethin else with that 20k. Why would you spend such a large sum of money that took a lng time to save up all at once? Especially on a low income. If you were makin 6 figures, then 20k at once wouldn't be a big deal. It would be smarter to make payments over time as long as you have established some sort of credit already. If you don't have credit, then that's a different story.

My argument isn't finish school n make more money later blah blah. You can make the same money you're making now, be it 35k gross or 35k net, whatever amount u make. I'd rather make payments while i still have a steady income and when the time does come to move out or whatever else that may cost you more money, then you still have a large sum of money stashed away somewhere.

I've been on here for a long time. You've seen a few condescending posts and all of a sudden I'm on attack mode? Lol if that's how you take a "few" of my posts, then that's your perception of me. Obviously it doesn't matter. People are replying to your thread because clearly they're tryin to be of some help, be it condescending or not. Dig through more of my posts before coming to a conclusion though. The world hasn't done anything to me and I'm nowhere near on attack mode. I'm no thumb thug.
 
Lol funny guy.

So what you're sayin is your "net" income is 35k/yr. That's very different than saying "I make 35k/yr"

Clearly you missed my point. Saying dumping a large sum of money AT ONCE isn't a good idea. If I had 20k cash laying around, I'd go n finance the bike with little to nothing as down payment and do somethin else with that 20k. Why would you spend such a large sum of money that took a lng time to save up all at once? Especially on a low income. If you were makin 6 figures, then 20k at once wouldn't be a big deal. It would be smarter to make payments over time as long as you have established some sort of credit already. If you don't have credit, then that's a different story.

My argument isn't finish school n make more money later blah blah. You can make the same money you're making now, be it 35k gross or 35k net, whatever amount u make. I'd rather make payments while i still have a steady income and when the time does come to move out or whatever else that may cost you more money, then you still have a large sum of money stashed away somewhere.

I've been on here for a long time. You've seen a few condescending posts and all of a sudden I'm on attack mode? Lol if that's how you take a "few" of my posts, then that's your perception of me. Obviously it doesn't matter. People are replying to your thread because clearly they're tryin to be of some help, be it condescending or not. Dig through more of my posts before coming to a conclusion though. The world hasn't done anything to me and I'm nowhere near on attack mode. I'm no thumb thug.

Maybe not, and you are right about me making assumptions based off a few post and for that i apologize. i'd like to buy it outright because of interest.

Anyway, thank you for your opinion, though i don't agree i do respect it.
 
Just one more thing

Always have a backup plan/savings in case something goes wrong or being made redundant.

It happened to me on a government job got told quoting heaps of work then later sorry we have no work for you.

If you get injured, income protection insurance is a joke (waiting periods/claiming/only a certain amount)

P: "Hey guys, help me justify a new bike, I'm not swimming in money"

DF: "You're 22 and you live with your parents. The money could be spent in better ways"

P: "F you guys, you're not my dad. I'm buying it"

Welcome to the forum.

Another look at me I’m buying a V4
 

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