hmm...would this work?

DrumminBoy

Golden Member
Mar 10, 2002
1,995
0
0
I'd like to get a motorcycle to ride around on for the summer, but I dont have the cash to buy one outright, and I wont need it once it starts to get cold. Would it be smart of me to get a loan for around 1.5-2k to buy a used crotch rocket, ride it around for the summer, then sell it off around september/october and pay the loan off? I wouldnt mind if I took $200-$300 hit for depreciation/interest.
 
Jul 12, 2001
10,142
2
0
Originally posted by: DrumminBoy
I'd like to get a motorcycle to ride around on for the summer, but I dont have the cash to buy one outright, and I wont need it once it starts to get cold. Would it be smart of me to get a loan for around 1.5-2k to buy a used crotch rocket, ride it around for the summer, then sell it off around september/october and pay the loan off? I wouldnt mind if I took $200-$300 hit for depreciation/interest.

have fun when u crash it and cant sell it and are stuck down 2k

 

Zim Hosein

Super Moderator | Elite Member
Super Moderator
Nov 27, 1999
65,293
403
126
That sounds like it might work DrumminBoy, just make sure that you keep the bike in a sell-able condition :)