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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.
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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.
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.
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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)
Another look at me I’m buying a V4
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)
Another look at me I’m buying a V4
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- Norfolk. UK
The only sound advice when making any expensive purchase, not least a depreciating asset such as a motorcycle, is to consider the equity you'll have invested in it and what you stand to come out with three/four years down the line. If I was buying outright, I'd almost be tempted to wait six months and pick up a secondhand nearly new V4 (since some first adopters will always chop it in when they realise it's not what they expected/wanted after all) and bypass the financial chasm into which the residual value of the new bike will have fallen, once it's ridden off the forecourt for the first time. Let someone else take the hit and you are effectively getting a much better return on your investment. If not, in real terms the bike is costing you a lot more than the sticker price alone.
Either way good luck with your potential purchase, whichever way you decide to go.
Either way good luck with your potential purchase, whichever way you decide to go.
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I'll let you ride mine if you let me ride yours
i give you one more piece of advice as i am a finance guy. before you pay cash for your bike see if you can get a decent loan. now you ask why would i do this and not have to make payments. its because money is cheap and you can invest the actual cash and make some money at the same time
once you put 20k for the bike that 20k is gone. take the 20k buy some dividend stock something "safer" and get a return on the money while its paying for the bike.
every month use the funds to pay for the bike this way god forbid something happens you still have your 20k or after a year say 15k etc.
i wasnt judging you and lord knows i have bought many things out of want (see my HP4) fyi im 43 not 65 and i have a truck for my toys a denali pick up to be exact, not a Porsche.
Do it ! Do it ! Do it !
Don't let all the old hags on some internet forum tell you what to do with your money.
Think of it this way, if you have a chance to date the hottest girls in your state, but you know she's a little bit naughty. Your mom and everyone else thinks you should be dates this average down to earth girl from Church. The naughty one could turn out to be super nice, but the Church girl could be a crackhead.
You make $35k now, but you may make executive at 29 and banking $350k. The Duc V4 could turn out to be .... and you wish you had your old R6 back. In real life, there are no guarantees.
Unless you're skip out on child support, or having a sick mother with hospital bills pilling up. Just go live it.
Don't let all the old hags on some internet forum tell you what to do with your money.
Think of it this way, if you have a chance to date the hottest girls in your state, but you know she's a little bit naughty. Your mom and everyone else thinks you should be dates this average down to earth girl from Church. The naughty one could turn out to be super nice, but the Church girl could be a crackhead.
You make $35k now, but you may make executive at 29 and banking $350k. The Duc V4 could turn out to be .... and you wish you had your old R6 back. In real life, there are no guarantees.
Unless you're skip out on child support, or having a sick mother with hospital bills pilling up. Just go live it.
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you sound like about his age...maybe even younger.
It was him who came to the "internet forum" and asked "what to do with his money."
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I had my Panigale for 5 years, that would mean I bought at 17. Haha, i wish i could say that, either i am a spoiled trust fund kid, or some racing protege with a big sponsor.
Truth be told, I saved up $15k from my first job to buy a 999, passed it up. I wish i hadn't, cuz that money was wasted else anyway. At 22, your earning power will likely increase, so if someone's halfway responsible, i say go live it to the fullest.
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I see your point there about wasting money onto something else.
I really don't have any other passions. I used to be really into cars when i was younger. That was until i sat on a bike for the first time... why spend so much on a car when i could buy a bike for a quarter of the price and smoke anybody out on the streets if i wanted to?
Like many others have said, I've already made up my mind for the most part. And like i've said a few times, my original post should've been stated differently . It's like coming on here asking if I should get an s1000rr, or visa versa, on the s1k forums asking if i should get a Duc. A bit redundant.
I wanted to start a thread that was open ended so i could introduce myself and jump head first into the forums.
So without further ado... Hello everybody. I'm Peach
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I really don't have any other passions. I used to be really into cars when i was younger. That was until i sat on a bike for the first time... why spend so much on a car when i could buy a bike for a quarter of the price and smoke anybody out on the streets if i wanted to?
Like many others have said, I've already made up my mind for the most part. And like i've said a few times, my original post should've been stated differently . It's like coming on here asking if I should get an s1000rr, or visa versa, on the s1k forums asking if i should get a Duc. A bit redundant.
I wanted to start a thread that was open ended so i could introduce myself and jump head first into the forums.
So without further ado... Hello everybody. I'm Peach
Get stuck in mate, plenty of time to be old later. I would give one piece of advice though......ride both before you decide, the Panigale xx99's are just awesome bits of kit and will have a different character to the V4, the experience is visceral and most definitely different to th BMW you rode. Enjoy it while you can Peach, you might regret spending the money, until you get back on it and ride.
I got some seat time on the 1299. like a two mile loop or so
i will for sure be riding the v4 before i make a purchase. I'll ask to do a long ride on both bikes before i make my final decision. I see people on youtube who aren't journalists that get bikes from dealers for hours at a time. I wish i could swing that.Similar threads
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