i am trying to buy a bike for pleasure reasons...

im currently a college student w/ a part time job, i need some advice from you guys before i make the wrong decision of buying a bike.

well, i get to the point...
my salaries for each months is around 800 dollars total...

from that 800 dollars subtract all my bills and my expensive......

800-100(insurance)-100(phone+gym)-60(gas)=round of to total of 500 left....

i ask around with other biker,,,,,,they say average payment of the bike is 200 and 100 for insurance each month (for inexperience biker)

so that left me 200 dollars a month of spending.....

im sorry if this post is stupid or wat not.......

so do you guys think my calculation is right? i know w/ 200 left, i would not be happy with it....

im done w/ my dilemma....... what about you guys ? any input or any advice for me...

 

Being a college student, 18-23 years of age, your insurance wouldn't be that cheap.

Financing a bike would mean you'd NEED to get full coverage insurance, and that's roughly $2000-4000+ (year) depending on your previous driving record, etc.

If you own the bike, put it on a credit card, or got a personal loan (not a motorcycle loan), than might not be obligated to get full coverage insurance, so you can get liability and uninsured. For a free quote, try http://www.progressive.com

While we are on the subject of insurance, if you were to get a NEW $8000+ bike, go to college, and don't have too much income, getting only liability wouldn't be wise. Reasons being, IF you are a NEW RIDER, CHANCES are you will drop or crash your bike in your first 6 months or so. Fairings are expensive on new bikes. Don't forget theft (at a college i GUESS it's higher) and vandalism (eg: someone kicks over your bike). So you should really check into Comprehensive.

Also, IF THIS IS YOUR FIRST BIKE, i recommend getting a nice beginner bike (ex250/500, 500r, f1, f2, f3, gs500e, etc.). If you look hard enough, you can buy one at $3000 and under. Since you own it, you shouldn't get full coverage insurance, because why pay more for insurance than the bike is worth. After about 6 months or so, if you keep good care of your bike, you can probably sell it for the same amount or more. (A bike 95 and below in MY opinion, is worth as much as someone is willing to pay for it.) By the end of those months, you will be a better rider, and you will probably have saved enough to buy a nice used 01+ bike for a couple thousand.

Well too much rambling for me, but check out http://www.sportbikes.net and ask this question there, they will clarify more. Ultimately, you will pick a bike you like regardless of what I say, but the more I read (been reading for 4 months) the more I understand. I'm just trying to throw out some other options for you and your motorcycling career.

Good Luck.
Eddie

Disclaimer: These are just my opinion and not intending to offend ANYONE. If I gave bad information, please let me know so I can correct it. I am going off the top of my head, so please bear with me.

 

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by im_the_teacher &raquo;</TD></TR><TR><TD CLASS="quote">eddie, thanks alot for your point of view,,,i learn more now..

anyway, i have a friend who is experience rider...

he quote...for full coverage on my age and experience......is around 100 a month. around 1200 a year.

i have good driving record.. and wat not</TD></TR></TABLE>

Well maybe it will be 1200 a year, but it'll be relaly hard to find it for that price. Try this, go to http://www.progressive.com and get a FREE quote, full coverage for whatever bike you choose. It'll come out to roughly 3500, now even 50% of that is still quite a bit. Well good luck finding insurance, just take your time and find a reliable company with low rates. FYI: Little "mom & pop" insurance companys usually have lowers rates.

Good Luck.
Eddie.

 

eddie, thanks alot for your point of view,,,i learn more now..

anyway, i have a friend who is experience rider...

he quote...for full coverage on my age and experience......is around 100 a month. around 1200 a year.

i have good driving record.. and wat not

 

I would have the bike put in your parents name under their insurance with you as a secondary driver, you will save that way. Also, your bike payment depends on what you put down, and how much you are spending... don't forget to include sales tax and other expenses like registration, maintenance

 

It won't matter much, the factors in determining how much you pay is how long you have had your license and size of the bike and it's value. Age isn't so important. Geico wouldn't insure me even though I had my auto policy with them for 4 years, 2 years minimum I was told.

I was 30 when I got my license and first bike and paid $1200 a year. My brother who was 21 and bought a similar bike and paid $1200 year. This of course could vary from state to state, I am in Rhode Island.

Cheers,
Roy

 

It mattered to me... I was paying about 1200 a year for insurance (i'm 22) when my father had a bike in addition to mine... since he sold his, I am not paying about $375 a year, full coverage, through state farm.