Awww man.. Sold my bike, now what?

[Bubbajms]

I had a guy offer me $1200 for my bike. I only had about $600 in it, so I got my money back and then some..

I'm torn. I need to put $200 away and then decide what to do with the other $1000..

A few options -

Pay off my credit card

Drop my car loan down to 6 months instead of a year and a third

Buy a bike that I can actually ride

Buy Guns/Gunstuffs

Put it in the bank

Trade it all in on a large freezer and bacon

I'm inclined to pay off my debts, but I'm also kinda inclined to find another bike. I couldn't get a whole lot of bike for $1000, but I could get enough to putt to work and back, I think. I miss riding a lot, but I'm also poor.

Of course, if I paid off my debts I could save money to buy an even nicer bike, but then I can't ride until I've saved enough..

Thoughts, INGO??

 

[Empires Burn]

I wish I could sell mine!

I would do half bank and half guns!

 

[Bubbajms]

Whatcha trying to sell, Empires?

 

[notasccrmom]

Pay your credit card and car loan.

But that's just my opinion, I hate owing people money.

 

[Marshall74]

Pay your credit card and car loan.

But that's just my opinion, I hate owing people money.

Agreed. Paying off bills is the best thing to do.

 

[tyler34]

credit card! credit card! credit card!!!!

 

[NWI40cal]

I have to Agree, Credit card debt.

 

[IndyGunworks]

I have to Agree, Credit card debt.

credit card! credit card! credit card!!!!

yep... holding a balance on your credit card is GIVING money away... and at a much faster rate than your car loan.

 

[Hoosier Gun Coat]

Pay down debt.

 

[jforrest]

Credit Card! Think about the money you save from not having to pay the interest!

 

[l2azorback]

BUY MORE GUNS!!!!! WOOOOOT! Seriously, pay down your debt....

 

[theweakerbrother]

Please do yourself a favor and pay down or off the highest interest rate yield. You'll enjoy it more when you own it!

 

[Scout]

What is your daily driver? Bikes are dirt cheap to operate. I just calculated 49.2 mpg for my last tank. ('00 CBR600) My '81 cb650 gets about 35 mpg, and costs $80/year insurance. Registration is about the same. For me, $160 up front and twice the mileage as my Jeep was.

Having said that...

Credit card first, bike second. Old cheap bikes are out there. Don't be discouraged by the Ducati guy putting down Japanese machines. I've got 3 Hondas, from 9 to 36 years old.

Of course, an older bike will probably need some TLC before you can ride it, but in my experience a new battery, tires, oil change, and fresh gas with carb cleaner is usually all it needs.

 

[spasmo]

Oh, you really should pay down your debt. It will be MUCH more beneficial in the long run. Make sure you pay off the one with the highest interest rate first, even if you owe less on another one. Unless of course you can pay off that one.

 

[Bubbajms]

Well, with this money I can pretty much get rid of 3 cards. I'll have the car left, of course, and there's less than 2 years left there. Once that's gone I can save 200 a month into my bike fund. I guess I just won't be riding for a few seasons..

Thanks for the input guys!!

 

[jforrest]

Well, with this money I can pretty much get rid of 3 cards. I'll have the car left, of course, and there's less than 2 years left there. Once that's gone I can save 200 a month into my bike fund. I guess I just won't be riding for a few seasons..

Thanks for the input guys!!

Smart man here! Those credit card companies are ruthless. Which is why I hopefully will never have one.

 

[Benny]

Pay your credit card and car loan.

But that's just my opinion, I hate owing people money.

This.

 

[Goodcat]

buy my posche! ;-)

 

[Shay]

Dump your credit card debt and then cut them up.

 

[ATM]

Freezer full of bacon.