| Author | Message | ||
     Floridaharescrambler |
Here is what happend everyone. I went to my local suzuki dealer and looked at SV's. My credit score is almost 800, so they approved me on the spot up to 13k. I took my quote and headed over to the HD to look at buells (after all, they are what I have had my heart set on for a year). I can't afford a new one, but they had an 04 xb12r there with 600 miles on it for 6,900$!!! I sat down and away we went with paperwork. I HAD NEVER BEEN SO EXITED IN MY LIFE. This was the bike i have wanted for so long! DENIED! can you believe it? They said that even with my credit as good as it is, they can't finance a rider as young as me (19) without a co-borrower. I don't know what to do. My parents wont co-sign because they dont want me to have a bike. I know the owner of the local kawi dealer pretty well, I was thinking of seeing if his shop could buy the buell from HD, then finance it to me. Any ideas? I put a deposit down and they will hold the bike untill wed. after that, i know it is going to get sold fast! | ||
| Easinc |
Have you tried your local bank? That's one option. | ||
| Floridaharescrambler |
They want the title as collateral, which means full coverage insurance. WAY too expensive. | ||
| Thepup |
Get the SV. | ||
| Chiefiron |
I just had a similar issue, fortunately i had the cash though im a little pi$$ed, took a huge chunk out of my savings since i bought a "new" 04 XB12R and didnt get a real good deal. If you want the Buell then take the above advise and go to you local bank and give it a try, cant hurt to try any way. i would take out a personal loan, pay cash then the insurance thing is up to you. i bought full coverage even though i dont have a loan and am gone most of the year just protecting my investment. Tim | ||
| Floridaharescrambler |
Why the SV? also have any of you heard of a dealer doing this for someone? Buying a bike from another? (Message edited by floridaharescrambler on February 19, 2006) | ||
| Kccyclone |
no matter who you get your financing through, they are going to require full coverage insurance...The only way around the coverage issue is a signature loan...which probably isn't going to happen for that amount, or put it on a credit card.....Go to your bank, get the loan, get the bike, pay the insurance, and ride it like you stole it.. Larry | ||
| Thansesxb9rs |
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| Cataract2 |
Any place that you get a secured loan through will want full insurance. Have you shopped around with insurance companies? | ||
| Midknyte |
At 19, why don't you save a little on the insurance end and got with a 9 instead of a 12? | ||
| Diablobrian |
midnyte has a point. Insurance will be significantly cheaper on a 9. You can up size, bore/stroke it layer if you choose. Roll with what moves you. If you buy something as a compromise you will be disappointed. You will constantly be comparing it to what you really wanted and it will never measure up to the "what if". Motorcycling is about passion, not logic, and you can't ride a spec sheet. (Message edited by diablobrian on February 20, 2006) | ||
| Floridaharescrambler |
because they happen to have that 12 sitting there with 600 miles on it for so cheap. | ||
| Thepup |
Florida,I said to get the SV because,at least you will have a bike,the SV is a very good bike.Suzuki and Kawasaki does not require insurance if you finance under $10,000. | ||
| Drift |
Wait for the XB dude. If you don't you will always want one. | ||
| Fat_tony |
Check your local laws first. I live in PA and had the same problem... I found out that in PA if you barrow under $6,000 For a vehicle, they do not require full coverage on insurance. I went to a bank to get my loan. I bought an 04'xb12r in 2005 for $8,000 and put $4,000 down and borrowed $4000. | ||
| Windaddiction |
Save up some more down payment, And IMO if you cant afford the insurance well you likely may have trouble getting the right gear ect and service and everything else ( speeding tickets??) I'm only 21 and used a large chunk of the money I made while I was out at sea for 6 months, other than that I know how you feel, I own a house and still can't even get a small 4000$ loan  anyways good luck and I hope something works out. | ||
| Bake |
My older brother cosigned for me to get my first street bike (which I still have) when I was 18. Got a brother or sister that can do this for you? how about your parents? | ||
| Blackxb9 |
This may come across in a bad tone but I suggest talking to your parents again. Tell them you will get the bike either with, or without their support. But you rather do it with their support and be able to handle the insurance payment better. No parent wants their kid to struggle. 70% of this country is in debt because of buying things they can't really afford. Not knowing your situation, I'd be likely to believe you really can't afford this bike either at age 19, I know I couldn't at that age. But if it's something you must have then convince your parents first. If you can't, try doing what most people DON'T do and wait until you can afford the luxury of a bike and insurance. You'll be better off financially for it. Ok, I am done preaching and I know it is none of my business but that is my honest opinion. Sorry. | ||
| Court |
Excellent advice. I'd never be without FULL COVERAGE and if they won't finance it, someone is trying to do you a huge favor. Sit back. Assess the situation. Act. I'd wait until my ducks were satisfactorily in a row. Just my two cents. | ||
| Dark_angel01 |
hey if your looking for a good deal try doerflers harley davidson in hays Ks I just bought my 04 xb12r model brand new with 6 miles on it for $7500 They still have one more and I would be surprised if there finace department couln't do something for ya. | ||
| Djkaplan |
Do what I did when I was a teen..., get an old Honda (or whatever) and ride that nag 'til it drops. Then get something nice when your insurance cools off. | ||
| Percyco |
Djkaplan has a pretty good idea.....or do what I did, save up the cash then buy a bike. Your still young and why make payments and pay twice the price with interest on a bike that will do nothing but go down in value. I paid $4500 for a 2003 XB9S with 6000 miles in like new condition. Paid cash and have $75 dollar a year liability Ins. on it. There will be plenty more XB's for sale all over the place and for cheap....dont be in a hurry. Good Luck !  PMC | ||
| Josh_ |
Get a used SV650 for $3000 (what my buddy sold his good-condition decent miles SV for) or less. Ride, learn, practice. Use the $$ you save to buy gear. Demonstrate to your parents you are responsible and take riding seriously, ask them to co-sign the loan next year. I would not start out a new rider on an XB12, with an SV you can't get into trouble nearly as fast and the SV is a fun kick-ass bike. Check around for cheaper insurance and see what the cut-offs are, you might be better of finding a <599cc bike. | ||
| Johnnylunchbox |
If you have your heart set on it then here's what I would do. If you have the credit card limit to buy it then use the credit card. If not, petition your CC company to raise your limit, they are usually happy yo oblige. Once you have the cost of the bike charged on your card, shop around for another credit card that'll give you 0% interest for a year and transfer the balance to that card. You will have financed it yourself at 0% interest and have a year to pay it off. If after a year you can't pay it off in full, then explore a bank loan to satisfy the credit card debt. Good luck with whatever you choose. | ||
| Thansesxb9rs |
Also check the classifieds here. If you get a bank loan you can buy a bike anywhere. There are some good used 03 9's for sale around 5K here. Don't just settle because you think it is a good deal, remember another good deal will always come along. | ||
| Thansesxb9rs |
Check these bikes out. http://www.badweatherbikers.com/buell/messages/21/177119.html?1140370860 http://www.badweatherbikers.com/buell/messages/21/177102.html?1140364332 http://www.badweatherbikers.com/buell/messages/21/175203.html?1139770504 http://www.badweatherbikers.com/buell/messages/21/174208.html?1139364718 http://www.badweatherbikers.com/buell/messages/21/172811.html?1138802789 You can always have a bike shipped to you, just ask for advise on that. There are a few here that know a thing or two about having it shipped. Also give Dave S a call, he can find you anything. My buddy kccyclone bought his 03 XB9S with 1100 miles on it from Dave for $5500. Shop around. | ||
| Mountainbiker90 |
Whatever you do, get the insurance! I recently cut a front tire on my bike, totaling it in the process. Fortunately I wasn't badly injured and had insurance. Without it, you'd have a huge bill and nothing to show for it. I'd go with what you can afford- don't forget you need a good starter bike for learning on. my first bike was a 250 nighthawk. buy one cheap and then sell it for a profit, if you are knowledgeable. | ||
| Pwnzor |
I guess it boils down to what you really want and how bad you want it. I bought the 2004 XB12R serial number 3... thats right 3. I paid cash thru the nose for it $12500. Dealer would not budge and I couldnt bear the thought of somebody else having it before me. I didnt have the cash on the spot and it took me 2 weeks to scrape it together. Thank god the bike was still there. Oh and by the way... full coverage is worth it. Covers your custom pieces too. Even after my initial months of being plagued with warranty issues and other quirky things about the bike I was the ONLY one riding this bike for at least a short period of time. I think it was almost 6 months before I saw another 12 on the road here in so cal. Doesnt mean they werent there I just didnt see them, and neither did most people. I got a solid year of "what the hell is that thing" at stoplights, storefronts, anywhere i went. I've experienced very few other things in life as satisfying as that. Moral of the story... hold out for what you want, and what you know in your heart you will love forever. I'll never give up this bike for anything. | ||
| Gentleman_jon |
Jacob, I am sure that you have your heart set on that Twelve, and $6900 sounds like a good price. However, I do not think it is worth getting bent all out of shape over. Seems to this old rider that it is too much money and too much bike for a nineteen year old young man. I agree with the other brothers who suggest a slightly more modest program. Lower insurance and a less expensive bike don't mean that you can't have all the fun in the world, it just means, you won't be on the edge of disaster at every turn. I would suggest you look around for a SV 650 or a nice '03 XB9S. Insurance is lower, the bike is a bit handier and easier to ride, and people have gotten nice ones for as little as $4500. You are going to need some money for gear, and gas, don't forget that. In fact, you might just find, as many experienced riders have, that the Nine is just as much fun as a Twelve, if not more so. Lots of high mileage riders on the board, like Glitch, (with over 40,000 miles on his) prefer a Nine, as I do, and I have never heard of anyone getting past ol' Mountainrider on his bone stock City X, (ok, - he has a Jardine pipe:-). You have a broad future ahead of you, and getting overextended right now won't make it any brighter. Just an old guy's .02¢  Gentleman Jon fully enjoying himself at age nineteen on a 200cc Ducati. 1959 | ||
| Pwnzor |
Sound advice Jon, and a rider as experienced as you obviously are carries a lot of weight with your words. However, with all due respect... in 1959 there was no such thing as a 1200 motorcycle that I know of... That old Duc was probably the hottest ticket at the time. And its true that the 900 is probably just as much fun as the 1200. It is a great deal on that 1200 though and there is one thing nobody has mentioned: What good is saving money when you could be dead one hour from now? Being a southern california resident I am exposed to what are probably the worst drivers in the country en masse. Every day I ride there is a close call of some sort. Riding for as long as you have I know that you know what I mean. I guess the best advice I can give is this, before you buy any vehicle... try to feel what your heart is telling you. Get the bike you know you will love, whether it be japanese, italian or american. If there is a good deal on that one, there will be a better deal a week from now on a different one. Another thing that just occurred to me: finance companies are very "careful" about lending money for any used vehicle. Did you ask them to run your credit for a new bike? You might get different results. Of course your age may still be the determining factor a lot of companies wont finance anyone under 25 unless your married (go figure) (Message edited by pwnzor on February 20, 2006) |
