alaskanflyboy
Premium Member
I'm still trying to fathom how you bought a bike you couldn't make the payments on. I can understand several months later and you lost your job, or got your hours cut — but this had to have been within days. I knew the maximum monthly payment I'd be comfortable with when I walked in to the negotiation. Since you likely took a loss on the bike, you've still got payments for at least a few months to pay the difference off. I'd wait until you've paid those off first before considering another bike. And before you look into financing another bike, sit down, grab a paycheck stub, all your month's bill statements, find out what's left there. Then sort out how much you're spending a month on food, and gas. Now you have your discretionary funds. If you're hourly with no sick or vacation days, I'd factor in a buffer in there. If you like to go out a lot, I'd also factor in your entertainment. Now you'll know what payment you can afford.