BannedCR500Riders.com

... sounds fishy but,

http://inlandempire.craigslist.org/mcy/975720338.html

Sounds me to me like it has a lien still.

is it any wonder the economy is in the shitter? how do you get 6g's upside down in a toy. pretty damned foolish. cash and carry. period.

sounds like he is shafting honda and selling the parts to get whatever he can out of it. $2500 without a title is a rip

south central hoon wrote:is it any wonder the economy is in the shitter? how do you get 6g's upside down in a toy. pretty damned foolish. cash and carry. period.

Yup...

Thats what I was trying to say in the thread about thumpers. How the hell is a normal working class person supposed to be able to afford one of these. 6 grand left owed on a bike thats wasted, thats crazy. Sounds like Honda finance totalled it though, I'm not sure what that means though cause I'm financing my 650L through them and wether it's wrecked or not I think you still have to pay for it.

Generaly a financed vehicle MUST be insured until you pay it off. I don't remember that being the case with any bikes I've bought on time though. Maybe the AH finance includes a insurance with the payment on the loan. I know no car loan is given to anybody unless the machine is insured also. I know a guy that has an 07 bike that he owes 5000 on, and the machine will only get 3 to 4 grand IF somebody would buy it. Trouble is the classifieds are loaded with bikes for sale, and tons of people that are upside down on them. Look at the Harleys, thousands of them are for sale, and all of the newer ones are upside down. Suckers go into a dealer because without financeing they can't own one. Then after a year or two of sitting in the garage, the bike that cost 15G's can't be sold for more than 5 because the market is flooded. Take a look at the cycle trader magazine, the first 25 pages is nothing but Harleys for sale.

I'm 45 years old, never bought anything new in my life.... except the house I live in.... and thats appriciated 200% since I bought it .

I dont get people with $12k dirtbikes, $100k sand rails, or $300k motorhomes.

Go to Europe or Austrailia a few times.

Set you kids up in business

Do something nice for your wife....

A $6k dirtbike, financed over 4 years @ 18% interest is a staggering purchase...

You can get a deal new right now. My local Honda dealer has several brand new 06's still on the showroom floor! Cash will talk on those bikes, but financing would be a joke. People make the mistake also of thinking that financing a new bike or car will make their credit score go up.

Thats funny you would say that about the 06. My dealer has 2 left, and a person could pick em up for probly about 5k each. I think it's ironic that a bike you pay 7,8,9K for, 3 months down the road can't be sold for 3k! There are 08 crf450's on CL around here for 3500, talk about depreiciation. Harleys used to be considered an invesment by banks, but now they are a liability.

Purchase price $6,000
Down payment $0
Trade-in value $0
Interest rate 18.00%
Length of loan (in months) 48

Monthly payment ($176.25)
Total cost $8,460.00

Ported&Polished wrote:Generaly a financed vehicle MUST be insured until you pay it off..

Only if the finance instutution has a lien on the vehicle, thats why most bike shops now are using factory "credit cards" instead of conventional loans, no lien = no insurance needed = stupid people can buy high dollar stuff.

britincali wrote:

Ported&Polished wrote:Generaly a financed vehicle MUST be insured until you pay it off..

Only if the finance instutution has a lien on the vehicle, thats why most bike shops now are using factory "credit cards" instead of conventional loans, no lien = no insurance needed = stupid people can buy high dollar stuff.

they also get away with nasty credit card tricks because of that too, like "%0 for..blah blah" until that period ends or you are a day late on 1 payment, then its %29.99 f-that, its all about cash! I am only in debt on my truck and it was the biggest mistake... I wish some homie would take off with it!

That makes sense, my buddy bought his bike on a "credit card" from the factory. It sounded good to him because along with the bike he purchased all kinds of other stuff and had it all on the credit card. He can actually use the card for more purchases too, talk about a joke.