I’m buying a motorcycle but I refuse to pay full insurance because I’ll be able to pay it off WAY faster on minimum as opposed to full coverage ($40/month compared to $300/month, hmmmm). I’ve attempted to get personal loans but got turned down. I have no highly qualified co-signer. I’m about to just put it on my credit cards. But is it possible to get a motorcycle loan without having to pay full insurance? I know, I know… I should save my money and pay in cash like a good little boy, but I want to get this bike sometime before summer ends, so don’t reply with that advice. BTW… I live in CA
Ok, I put it on my credit cards. However, it got tricky cuz I’m buying from a private party. This is how I did it, and learn from my experience if anybody does happen to want to do similar. I made fake auctions on ebay with my buddy’s account, bought the items and payed him through paypal with my credit cards. Then he sent me back the money through paypal. BUT, I didn’t realize ebay charges so much for large auctions, so I ended up having to pay a $200 fee just for the ebay ads, then *** paypal took $90 each way for sending money. What I couldve done is SENT him money thru paypal in the 1st place, bypassing ebay, then had him transfer to his bank, which would have left me with only a $90 total charge. Neway I ended up with +$3200 on paypal, and am now transferring to my bank to get cash.
Ok, I put it on my credit cards. However, it got tricky cuz I’m buying from a private party. This is how I did it, and learn from my experience if anybody does happen to want to do similar. I made fake auctions on ebay with my buddy’s account, bought the items and payed him through paypal with my credit cards. Then he sent me back the money through paypal. BUT, I didn’t realize ebay charges so much for large auctions, so I ended up having to pay a $200 fee just for the ebay ads, then *** paypal took $90 each way for sending money. What I couldve done is SENT him money thru paypal in the 1st place, bypassing ebay, then had him transfer to his bank, which would have left me with only a $90 total charge. Neway I ended up with +$3200 on paypal, and am now transferring to my bank to get cash.
BTW: I am saving way more by not financing because
1. Im paying off faster (no $300 ins)
2. Interest rate on credit card is not that much higher than loan
3 bikes from dealers are overpriced
Im planning on paying this off before summer ends because Im going back to school and cant work as much
Thanks “Emerson A” for your generic advice. I already read that exact paragraph on a financing site. Nice plagarism, people like you on Answers annoy me
