i heard today that if you take a loan for under 5g you dont have to have full coverage insurance..is this usually true? if so, im going to get my 06 RR. got a for sale sign on the f4i now.

 

Well, is it going to havea lien on the title? If you have it financed like a personal loan than that would be up to you, but if your financer is the one who gets the title than you will need full coverage.

 

Normally, I would tell someone that riding an unpaid vehicle without full coverage is just asking for it.

You, Mr. Crash , on the other hand, I would say DON'T DO IT!!!

You're gonna have that thing sitting busted up in the garage with no insurance to fix it... it will al be out of pocket... again.

If you don't mind that then by all means, go for it. So long as you have some sort of coverage.

 

well i have always had liability.unfortunatly i paid to much for my f4i ($4,500)..i got it for sale now for $3,500 OBO..hopefully it will sell and ill pay off my loan and go get an RR..ive always wanted one..i just bought the first bike i saw with my gotta have it now attitude..mistake. the f4i is a great bike..but i love the feel of the RRs so much..i just gotta have one i wan an all black 05 or 06.

 

Then when your 22 and you have to pay it off you'll still be living with your parents.

 

i make enough money to pay for my car and my bike..and still have $600 left over for the month..im good. rent is cheap around here..2 bedroom for 400 bucks..split that with a person. either way, i can afford..that wasnt really what i was asking.

 

**** I ain't mad at ya...

If I could do it all over again, I'd stay at my momshouse untilI was21 at least.Just make it worth your while by either acquiring vast amounts of toys or a fat bank account...

I think I know which one you would choose.

 

Buy it. But don't crash this time. Then you won't have to worry about full coverage. But please get liability at least.

 

Thats why you get a "personal" loan. You get cash from the bank and the bike IS payed for. You're just paying the bank back. You dont have to give them the title and you dont have to have full coverage.