Ducati Premier Financing

1 SIK DUC · Jan 2, 2017

Alpha Male said:
DO NOT BUY BIKES ON FINANCE or you will enslave your life to an endless chasing of debts for the rest of your life. You will be stuck in a job you hate just so you could pay your debts off.

As soon as you ride out you will lose $5000 which will take you years to pay off that $5000 by the way. By the time you could pay your bike off it will be worth less than 40% of the new price which means you will be .... out of luck when you have to trade it in.

To make matters worse while you are trying to pay off your debts you would have probably spent over $5000 on top of all that for mods. Mods do not increase values of bikes what so ever to the next buyer or a dealer (the next buyer will probably think you've trashed your bike).

Have you not seen all those motorvloggers who mysteriously had all their bikes stolen right on every 12 months? Their bikes were stolen for them because their bikes are worth .... - they all have one thing in common they all bought their bikes on finance forcing them to commit insurance frauds.

If you buy bikes on finance you will be limited to 2 options when you need to trade: 1) suck it up and take the loss or 2) commit insurance fraud like most motorvloggers do.

My best friend is a cop so i know a lot about people (motorvloggers) committing insurance frauds, some of them pour water into their engine and blame leak so they could get a new bike on warranty fraud after they have trashed it on long trips.

With all due respect I have to disagree with you on a few of these things. I never buy anything substantial such as a motor vehicle with the intentions of selling it without feeling like I got what I wanted out of it. Depreciation, though taken into consideration for the cautious buyer, is not something I harp on too much. I feel perfectly content with losing out on a few grand so long as I am 100% satisfied with what I purchased.

As far as mods go, I have other bikes for track days and this 1299 is going to be more of a street toy than anything. From what I have researched, I think the only mod I would ever want to do is a throttle spacer and maybe a few other visual touches but other than that, I am perfectly fine with the looks and overall aesthetics of this beautiful Italian creation.

As far as the motovlogging insurance fraud goes, I know nothing of this kind of activity. Worst thing I have ever done is smoked pot once, not even sure if I did it right. Just acted high so I did not look like a pansy in front of everyone else.

panhandler · Jan 3, 2017

Alpha Male said:
DO NOT BUY BIKES ON FINANCE or you will enslave your life to an endless chasing of debts for the rest of your life. You will be stuck in a job you hate just so you could pay your debts off.

As soon as you ride out you will lose $5000 which will take you years to pay off that $5000 by the way. By the time you could pay your bike off it will be worth less than 40% of the new price which means you will be .... out of luck when you have to trade it in.

To make matters worse while you are trying to pay off your debts you would have probably spent over $5000 on top of all that for mods. Mods do not increase values of bikes what so ever to the next buyer or a dealer (the next buyer will probably think you've trashed your bike).

Have you not seen all those motorvloggers who mysteriously had all their bikes stolen right on every 12 months? Their bikes were stolen for them because their bikes are worth .... - they all have one thing in common they all bought their bikes on finance forcing them to commit insurance frauds.

If you buy bikes on finance you will be limited to 2 options when you need to trade: 1) suck it up and take the loss or 2) commit insurance fraud like most motorvloggers do.

My best friend is a cop so i know a lot about people (motorvloggers) committing insurance frauds, some of them pour water into their engine and blame leak so they could get a new bike on warranty fraud after they have trashed it on long trips.

Do you just post .... without any thought? i never paid much attention to your posts so i never understood why everyone ..... on you but with posts like this i almost think you like it.

Im from Canada so its probably different here but financing is definitely not the worst thing in the world lol The 2% Financing rate and 8-10% ROI is definitely not the norm though. For most people who finance theyre not going to be able to get that rate and probably dont have money to invest so it can be a bad thing but if you have the money and can get some low rates you'd be stupid not too.

Edit:Just seen this gem of a post

Alpha Male said:
I get bored very easily yes I have bought 6 brand new bikes in 2 years I just want a perfect bike but there's none.

But i have come to a time of my life where i cant afford to spend anymore money on bikes, my family are now more important than ever to me so i have to spend less on my wants and spend more time on the things that i need to do in life.

I dont think you should be giving any financial advice when according to your posts you will have lost $30k in a couple years

jarelj · Jan 3, 2017

1 SIK DUC said:
Thank you for the response! Sorry it took me so long to post again. Holidays had me away from the computer. I was reading the rest of the responses and it seems I may have caused a ruckus... In other news though, currently working out a few deals with some Ducati dealers nearby. Hopefully I will have something soon. Getting a little pumped about this bike! It will be a different feeling that is for sure. I am coming from a 2014 R1.

Cool, congrats in advance!

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