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ShInYSiDe <VS> RuBBeRSiDe
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1,334 Posts
Discussion Starter #1
Gave away my 04 today...

Looks like I'm going to be keeping the 02...
Financially.. I would lose almost $16,000 CDN on the trade in, PLUS go into debt for another $12,500.00 My payments would have increased from $194, to $265/month.

Economically.. It would have been the STUPIDEST thing I could have ever done..

(sighs)


I love my 02, and it is a SWEET machine...More importantly, I really FEEL GOOD on it.. It's treated me sooo well. I'll just have to pay cash in 05..

In the meantime... I'll ride the new Kawi 636, and the 02 R1.. and sleep at night knowing for once.. I did the "right" thing.


That 04 is something else though.. you guys that have the new "one"...Congratulations.. Its going to be an exciting year for you... Nice work.:yesnod
 

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ShInYSiDe <VS> RuBBeRSiDe
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1,334 Posts
Discussion Starter #5 (Edited)
let me put it to you this way... ALL MONEY IN CANADIAN.....

02.....R1

$5000.00 Down.
$4000.00 in payments last two years.
$1000.00 Akra Pipe.
$220.00 Rear Seat Cowl.
$150.00 Windscreen D.B.
nickels and dimes also.. rear signals.. front signals too... Tank protector.... etc..
$6,600.00 MONEY STILL OWING ON BIKE...
TOTAL.... = $16,970.00

That's what I'm INTO the bike for...

NOW.. Lets say they give me $10,000 for trade in ON the new one from 04.

I lose all of that.. and at the end.. get a cheque for something like $3,700.00..when the smoke clears and the prior 02 loan has been paid off. Where does that Go??? To the new R1... AFTER I give that up for the down payment.. I still have to REFINANCE the BALANCE remaining.. which I might add.. is STILL $12,400.00 on the new 04....

So... That's how I'm out $16,000.00 If I traded it in. THEN.. I go into DEBT again.. for ANOTHER $12,000+ and for what? To be 2 years newer? A little cooler?
Not me.. not today..
Next year maybe.. That way.. I wont owe anything.. and lose my ass on a trade in.
 

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Bulldogger
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5,880 Posts
$194-$265 a month for payments on a bike.:scared
Save up and pay cash:fact
 

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7th Kyu
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1,473 Posts
Yammiebender,
I agree with you 100%. I would have loved to have gotten a new R1, but my bike is like brand new, and I want to buy a house, so while I could have technically afforeded it, I really didn't want to. The $$$ is better off somewhere else.

Thanks,
Ray
 

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Dark Horse
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3,075 Posts
I think you made a very wise decision. Besides, you already have two awesome bikes. I know guys who would give their right arm just to have ONE of your bikes. Seeing your Silver 02 has me missing mine. Yamaha should have incorporated that color scheme in the 04 model.
 

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Registered
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71 Posts
I made the mistake of getting greedy up front and financing my '02 as well. With getting married and buying a house (no regrets) I never paid the darn bike off like I planned. Now they have kids (I'm 36) selling their R1's at crazy low prices -- lower than I still owe. I couldn't imagine what a dealer would give me for a trade in. It's a good thing I love the bike... I'm gonna have it a while.
 

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Johnny Chimpo
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2,220 Posts
U made the right choice.


There are more important things in life than having the newest and best sportbike. I could have went out and bought one to, but I only have about $3000 to pay off on my 02 and I dont want anymore payments. Once my 02 is paid off, Im getting a house. It all works out for the better :thumbup
 

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Banned
Joined
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2,114 Posts
Good for you bro.No need to be in debt just to keep up with the Jones'.If i could buy a new bike it would be a zx10.But my 02 r1 track bike is paid for and $10.00 says me.you or anyone else on this board couldn't find the limits of a 92 cbr 600f2,much less a new,used or "old" 02 r1.

just my .02
 

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Registered
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72 Posts
Sorry to steal your topic, but how do you like those Pilot Roads? Do they get chewed up when they get hot? Do they slide predictably? Is that a 180 or 190 rear you're running?
 

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"Gort-Klaatu barada nikto!"
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3,197 Posts
Tweak said:
U made the right choice.


There are more important things in life than having the newest and best sportbike. I could have went out and bought one to, but I only have about $3000 to pay off on my 02 and I dont want anymore payments. Once my 02 is paid off, Im getting a house. It all works out for the better :thumbup
Well I was content to keep the '02 because it was paid for, but I only had 5300 in it and got 7250 trade in, so it was time to make some money off it while I could and get brand new one! The deal was too good to pass up! That's the only reason I got one!
 

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ShInYSiDe <VS> RuBBeRSiDe
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1,334 Posts
Discussion Starter #16
wsbk996 said:
Sorry to steal your topic, but how do you like those Pilot Roads? Do they get chewed up when they get hot? Do they slide predictably? Is that a 180 or 190 rear you're running?
Hey that's a good question man..

I actually LOVE the roads... they are VERY predictable and if you chose to slide them.. they dont fight it that much... and really.. I dont ride it hard enough ON THE STREET.. to warrant anything Gooier. rubber these days is sooo good.. I'm brave to say that honestly.. Most guys really dont need the STICKY stuff that They Think they do.. Its just SOO overkill. these Tires will more than suffice. They are GREAT in the mileage department.. and I get 6000 MILES to a rear. That's 10,000 kms for me, and the feedback that they give are quite good for a tire that is only $250.00 Installed CDN. I go pretty good and once they are warm, they have never EVER Stepped out unless I want them to... They are definatly NOT Track Tires... but then if youre riding that hard on the street.. you better take out life insurance.. quickly.
I would recommend them.. Really.. Give it a go.. If you Dont push that bike EXTREMELY hard.. and you are going on a road trip.. or somewhere where you will be riding at a pretty decent pace.. Straights.. and some good twisties.. It's an all round good tire.
Its a 190 too. When they get hot.. yes they chew up.. a bit... NOT like the more Sticky Rubber that most guys are used to though.



and also... I just want to thank all you guys for giving me the :thumbup for Sticking with the 02... I took her out for a putt today.. Sand city and some snow still but a balmy 45 degrees. I had a great time... She is such a GREAT bike... I am not going to miss the new one at all. I can drool from afar.. It's MUCH cheaper.

You guys have made my decision that much easier, and for that.. Thanks a pile....

signed... the Happiest 02 owner this side of the Mississippi...:riding

Cheers.
 

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THA 1
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110 Posts
It's not gonna be easy at first when you start seeing those 04's on the street, but you'll get used to it. Keep in mind that you made a very wise and mature decision and you should be proud for avoiding that temptation of getting in debt. I've been riding my 96 yami for 4 or 5 years so it was really time for me to upgrade. Good things come to those who wait. Peace!
 

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Vrooom
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1,531 Posts
Hey didn't u post pics of u having the bike at your house, or at the dealer? or was that someone else.
 
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