Think I have to sell my bike....

[JSP]

OK! Plan of attack.

I just got my credit card paid off so I now officially have no credit card debt. Feels good. Plan on selling the bike. I will go this year without a bike and save up what I can. Car will be paid off in a couple months.

Next year I will pick me up a nice cruiser off of CL. Nice ones all day on there for $2k-$3k. I will buy that outright. Heck I ride with my dad and grandpa almost exclusively now so it will be nice to fit in with a cruiser haha. Insurance will be dirt cheap and no bike payment so I will start saving then for a FZ1 and when the time is right in a couple years buy that baby! All the while I get to enjoy riding.

I feel good about it and I feel good that it will take some stress off my wife. When she is stressed we are ALL stressed .

Now... Who wants a kick ass R6??? I have one guy from Idaho that wants it but he has to sell his first. Obviously not holding it for him.

I will put an ad here although there is not hardly anyone around me but this bike is worth the trip.


I just want to say I EXTREMELY appreciate you all and your words. You are all truly family and are very honest. You really helped push me in the right direction. I thank you all. I am not going anywhere. I will always stay with this forum.

 

[Rabbitman109]

so I will start saving then for a FZ1 and when the time is right in a couple years buy that baby!
I will put an ad here although there is not hardly anyone around me but this bike is worth the trip.


I just want to say I EXTREMELY appreciate you all and your words. You are all truly family and are very honest. You really helped push me in the right direction. I thank you all. I am not going anywhere. I will always stay with this forum.

Love the plan to save up for an FZ1, you won't regret that at all. Has all the top end power of your R6, but the low end torque of a liter bike. It's a win/win!

I am glad that we were able to help guide you in the right direction, even if it does mean to sell the R6 , but when you come back and you get that FZ1, I will see you over on the FZ1 forum and here too!!! :thumbup:

 

[JT]

you do what you gotta do for your fam. fam comes first. youll be back soon enough

 

[JSP]

Have some good news!

My wife was just offered a job as a pharmacy tech. She is going through paperwork to get certification and will be doing the pharmacy register until that comes through. Starting out at $11/hour with $1 raise after a year. They will work around her school. She will be starting with 22 hours a week.

What is good is that this job directly relates to her schooling of Health Information Technology so its a great job to have on her resume. May even be a place she stays after she finishes school.

And yes..... I am still selling the bike. My goal is to now get a more comfy bike for myself and my wife. I will be looking for a mint used low miles FZ1. Still may go this year without a bike to pay off my car quick and save some money for a down payment.

Thank you all for the kind words and support! Feel like a dump truck has been lifted off of my shoulders for now. I pray she likes the job and will stick with it.

 

[RooKie]

Oh man... that's great news! Glad things are starting to look up :thumbup:

 

[Detrich]

that's good news J... still not the ideal scenario, but at least one that u all can live with- which is good

given the low mileage on your 6, no one in CA can buy it, unfortunately. state of CA requires that a used bike have a minimum of 7000 miles or the DMV cannot register it. stupid EPA regulations or something...

GLWS and great to hear things are looking up...

 

[JSP]

that's good news J... still not the ideal scenario, but at least one that u all can live with- which is good

given the low mileage on your 6, no one in CA can buy it, unfortunately. state of CA requires that a used bike have a minimum of 7000 miles or the DMV cannot register it. stupid EPA regulations or something...

GLWS and great to hear things are looking up...

Yeah that is crazy. Have a guy in Idaho that wants it and supposedly all financing is in order, he just needs to go to the bank and wire the money. Should be this week for sure.

 

[JT]

Yeah that is crazy. Have a guy in Idaho that wants it and supposedly all financing is in order, he just needs to go to the bank and wire the money. Should be this week for sure.

good deal. congrats

 

[Brock Kickass]

Glad to hear things are on the upswing. I hope things keep rolling along for you. If your FZ1 comes out looking as sweet as your R6 I'm going to have some stiff competition for the nicest FZ1 in the universe!

 

[nismos14]

Great news man! I will strongly suggest that you save up as much as you can so you can buy the fz1 instead of financing it. You'll save a ton on interest, and you will not have to worry about a monthly payment. It makes so much more sense then giving away free money. Then if your situation ever changes in the future, you could always sell the bike and use the cash for bills etc.

 

[JSP]

Great news man! I will strongly suggest that you save up as much as you can so you can buy the fz1 instead of financing it. You'll save a ton on interest, and you will not have to worry about a monthly payment. It makes so much more sense then giving away free money. Then if your situation ever changes in the future, you could always sell the bike and use the cash for bills etc.

Yup, that is the goal. With the wife working now and if my bike sells here like its supposed to and car paid off... I could easily save $400-$500 a month. Come this time next year I could get a nice used one outright. That is WAY better than financing the $6k+ for 3-4 years!

 

[MNGreg]

that's good news J... still not the ideal scenario, but at least one that u all can live with- which is good

given the low mileage on your 6, no one in CA can buy it, unfortunately. state of CA requires that a used bike have a minimum of 7000 miles or the DMV cannot register it. stupid EPA regulations or something...

GLWS and great to hear things are looking up...

WHAT?!?!? OHH My Gosh Cali is Really Goofy on this stuff!! I am so envious of the 12 month riding but man, I think I would rather deal with some of the garbage here in MN than all those strange rules in CA!

 

[MNGreg]

Yup, that is the goal. With the wife working now and if my bike sells here like its supposed to and car paid off... I could easily save $400-$500 a month. Come this time next year I could get a nice used one outright. That is WAY better than financing the $6k+ for 3-4 years!

AWESOME to hear about your wife getting a job offer from a company that is willing to work with her schooling.. Seems like there are a shortage of those employers nowaday. Seems like they want you to modify your whole life to whenever and however they need you. Congratulations to the two of you on this opportunity.. Maybe will even be able to get tuition assistance since it is remotely affiliated... or atleast on some of the classes!!

Good to hear about standing firm on your plans with the bike also and the payoff capability on the car. You could either have a LARGE payment for the bike next year or you could cut it in half and then have an extra amount stashed away for emergencies and still a respectable down payment on the new ride. Either way.. again congrats on the turn around that sounds like came your way!

 

[Nastybutler]

First off, congrats to the wife on her new job! Breath a sigh of relief and enjoy the moment.

Great news man! I will strongly suggest that you save up as much as you can so you can buy the fz1 instead of financing it. You'll save a ton on interest, and you will not have to worry about a monthly payment. It makes so much more sense then giving away free money. Then if your situation ever changes in the future, you could always sell the bike and use the cash for bills etc.

As far as financing being a bad idea, I disagree. When interest rates are lower than inflation rates, you're not any worse off financing than you are keeping the money in a typical checking account. If you have a five year loan at 3% on a $10K bike you end up paying $10,781 for the bike if you don't pay it off early. citation #1

Now if you adjust that same $10K for inflation (and here I'm assuming that the rate of inflation for the past five years will be the same as the rate of inflation for the next five years, which is anybody's guess, but if I had to guess, I'd say it'll be even higher) that money would be worth $11,084 in 2017. citation #2 You're better off having a loan than keeping $10K under the mattress, and $780 seems like a small price to pay to have instant gratification.

 

[JSP]

First off, congrats to the wife on her new job! Breath a sigh of relief and enjoy the moment.



As far as financing being a bad idea, I disagree. When interest rates are lower than inflation rates, you're not any worse off financing than you are keeping the money in a typical checking account. If you have a five year loan at 3% on a $10K bike you end up paying $10,781 for the bike if you don't pay it off early. citation #1

Now if you adjust that same $10K for inflation (and here I'm assuming that the rate of inflation for the past five years will be the same as the rate of inflation for the next five years, which is anybody's guess, but if I had to guess, I'd say it'll be even higher) that money would be worth $11,084 in 2017. citation #2 You're better off having a loan than keeping $10K under the mattress, and $780 seems like a small price to pay to have instant gratification.

Hmmm... you make a good point Main point as well to save at least for a little bit is to make sure she will be able to stick with the job and all that good stuff. Do not want to jump into another loan right now and have something happen to where I need that money right now.

 

[Detrich]

yah. the variance between the interest rate for loans (borrowing) and lending (deposits) determines if financing makes sense. if inflation is higher than the borrowing rate, then u actually have more buying power keeping the loan locked in. that said, we all like to not be tied up in financing. so i understand how u feel... it's a great feeling having your assets paid off and free & clear.

 

[MiltonDorkenhoff]

given the low mileage on your 6, no one in CA can buy it, unfortunately. state of CA requires that a used bike have a minimum of 7500 miles or the DMV cannot register it. stupid EPA regulations or something...

Fixed the typo for you.

The law... It only applies to new vehicles that don't meet California emission standards ("49-state bikes"). Nothing to do with the EPA - EPA is federal, CA has stricter standards. If Jay's bike is a 50-state bike, there should be no problem selling it to someone in CA.

 

[Detrich]

I think Ive read on the R6 forum of some guy who bought a low mileage R6 from some guy in Nevada but then couldn't get it registered in CA cuz it was under 7k miles. Apparently its a fairly common problem. At least so I've heard.

 

[Nastybutler]

I've wondered if there'd be any money to be made by setting up a business where all you do is buy new vehicles in, say, Nevada and have powered drums set up to run the odometers up to 7500 miles (with the engine not running), then sell them in California for a profit. I'm sure that's probably against the law too, and I'm not sure if Californians would be willing to pay a premium for a non CA retarded vehicle with 7500 miles already on it, even if those miles are just on the drive train.

 

[6R Blackout]

So glad things are looking up for you J.


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