Managing your finances...

• viciouskitty74

  30 Oct 07, 09:13

  I just wondered.....how many of you newbies actually considered the financial committment involved before you sign on the dotted line for a motorcycle?
• LoudnessFZ

  30 Oct 07, 11:56

  for almost 6 months now im yet to buy a bike,but still saving up to buy cash than instalment.
  
  just to share a thought,if we buy a bike by cash then jialat2 if anything happened to us eg. kenna accident then cannot work mc for 1 month,if buy cash we can just
  park the bike till we're recovered..no need worry pay instalment.
  
  then if buy instalment...how to pay if we dont work?limit2 the bike tow away
  and our guarantor(for U21) will be the victim..
  
  so its worth the months saving and waiting than suffer for 2-3 years of owing.
• technoboy

  30 Oct 07, 15:52

  Yeap, how true, that's why I'll probably be borrowing from parents instead of getting an installment from the bikeshop. At least there isn't any interest and also don't have to worry about bike being towed away should anything happen.