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Old 01-04-2019, 11:39 AM   #1
mikesx4911
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Want to share the joy that my bike is.......

Hey everyone!

Just wanted to share my joy that my bike will be paid off this yr!!! Seems like it took a lifetime But it also be my first bike that I would of paid off, all my other bikes were either stolen or crashed way before being paid off I'm stuck between 3 choices be responsible pay some bills off with the note I don't have, trade up to a new CBR or pick up my first cruiser... Yea I said it haha. I'm more leaning to pay off bills for a yr or two and than pick up a cruiser and for the record I don't mean like a harley haha. I'm thinking like a yamaha bolt or something along those lines.
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Old 01-04-2019, 12:15 PM   #2
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Always a good feeling!

I paid off one bike but sold it immediately after I got the title. I haven't really had the joy of paying one off and keeping it.
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Old 01-04-2019, 12:41 PM   #3
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The best thing, IMO to do is enjoy your paid-off bike, and use the extra cash to get yourself out of other debt. There's no point getting back on the debt treadmill if you don't need to.

I have a tendency to keep bikes for quite a while, and don't change them out very often.

Whatever decision you make, congrats on your paid-off bike!
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Old 01-04-2019, 12:44 PM   #4
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Congrats, what a great feeling. Pay off them bills bro.
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Old 01-04-2019, 05:04 PM   #5
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Keep the bike, pay off the bills, stay outta debt!

nothing like money in the bank to make you smile.
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Old 01-05-2019, 01:50 PM   #6
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Don't forget to re-assess your motorcycle insurance after the title is yours. You will no longer need to fulfill the lien holder's requirements for insurance, so you can decide to change or reduce coverage.

I prefer to remove collision when I can to save on premiums, since I fix my own stuff.
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Old 01-05-2019, 02:53 PM   #7
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nice, man. I paid off my car and bike and now I hate the idea of having to take out another loan if I don't have to. As much as I want a truck, I consider the payments and it turns me off.
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Old 01-05-2019, 04:02 PM   #8
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Keep riding your CBR till the wheals fall off.
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Old 01-05-2019, 05:19 PM   #9
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Its always good to not have payments. I know its easy to get used to them.

But pay your debts down. A man who had debts has no true savings.

In a few years maybe you’ll upgrade bikes with cash.
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Old 01-07-2019, 08:03 AM   #10
mikesx4911
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Quote:
Originally Posted by FightingChance View Post
Don't forget to re-assess your motorcycle insurance after the title is yours. You will no longer need to fulfill the lien holder's requirements for insurance, so you can decide to change or reduce coverage.

I prefer to remove collision when I can to save on premiums, since I fix my own stuff.
! Very good point! The times I have dropped my bike I repaired it myself.. Why not save some money. Thanks for the tip.
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