BULLman Posted March 3, 2013 Share Posted March 3, 2013 July 2012 bought a 2006 HD RK Police Just talked to the dealer I bought it from and I should be able to get "out" of the bike - with the extend warranty I got it for it. Financed the bike for 60 months - so will still have a long commitment to it. Not able to cover my nut. It will give me some relief - but, will not be enough to fully cover my "short". Not riding it anyways. No $$$ to just burn gas for laughs. So... if not riding it - why pay for insurance and make payment. Thoughts??? Link to comment
upflying Posted March 3, 2013 Share Posted March 3, 2013 Are you saying you are upside down on the loan? 60 months is a long term for a used bike. You might have to pay to sell the bike back to the dealer. What was the original reason for buying the bike and do you plan to replace it with something else? I would try a private party sale before unloading it on the dealer. Selling a bike to a dealer without buying something else is a big money losing deal. Make the bike work for you, work as an independent contractor for a motorcycle escort business. Link to comment
BULLman Posted March 3, 2013 Author Share Posted March 3, 2013 I know 60 months is a long time. I'm Stupid. Stupid. Stupid. Did the 60 months to get the warranty. Wanted to find the love of motorcycling again. No, if I sell it - I am most likely done with motorcycling. 2nd time I've HAD to sell a bike. Taking the refund from the warranty into account - will come off what I owe - I will be out of the bike without owing anything else. Except the $$$ I lost on the trade-in. Taxes 7 months of payments Down payment crap. Link to comment
upflying Posted March 3, 2013 Share Posted March 3, 2013 Could I offer this thread to change your mind? http://bmwsporttouring.com/ubbthreads/ubbthreads.php?ubb=showflat&Number=790059&page=1 Link to comment
BULLman Posted March 3, 2013 Author Share Posted March 3, 2013 Could I offer this thread to change your mind? http://bmwsporttouring.com/ubbthreads/ubbthreads.php?ubb=showflat&Number=790059&page=1 Nope. Its not the bike fault - its mine. Link to comment
kmac Posted March 3, 2013 Share Posted March 3, 2013 Sorry to hear that Bully. Sometimes crap just happens. Link to comment
Marty Hill Posted March 3, 2013 Share Posted March 3, 2013 Get rid of it...NOW! Bad deal getting worse every month. Link to comment
tallman Posted March 3, 2013 Share Posted March 3, 2013 Get rid of it...NOW! Bad deal getting worse every month. Dan, Pains me to hear. Been along for the ride(s) and know your ups and downs so for now, follow the advice above. Best wishes my friend. Link to comment
eddd Posted March 3, 2013 Share Posted March 3, 2013 IMO, getting out clear is the way to go. All the trade in and tax money is already gone never to return. I think you are quite fortunate to have an avenue to get out of this without additional cost. Craig's List and other similar places are full of people trying to unload low mileage Harley's. That process could take many months and may require you to take an even bigger hit to just unload it. Link to comment
BULLman Posted March 3, 2013 Author Share Posted March 3, 2013 Thanks for everyone's replies and the reminders of how much I liked the bike... I guess I will have to the grown up thing. Can anyone point me to the direction of a grown up? Link to comment
tallman Posted March 3, 2013 Share Posted March 3, 2013 Dan, Humor keeps things in perspective. Better days are down the road. Link to comment
kmac Posted March 3, 2013 Share Posted March 3, 2013 Thanks for everyone's replies and the reminders of how much I liked the bike... I guess I will have to the grown up thing. Can anyone point me to the direction of a grown up? I know a guy who knows a guy that is supposed to be a grown...but I think to find a real grown up you need to ask a woman..., most men NEVER grow up...I just grow out. Link to comment
Patallaire Posted March 3, 2013 Share Posted March 3, 2013 Think of it as a finance problem. Ask yourself, what is the upside of keeping this bike in dollars and cents, then ask what the downside is, in dollars and cents{Depreciation, market forces etc.} After you do that, and I am sure the math will favor selling it and taking the loss as in all probability it has no upside potential. Now ask yourself, what is the non dollar intrinsic value to yourself. Do you enjoy riding enough to hang on to it, is it a social outlet to meet people, is there an emotional attachment, do you love the design and art of the bike. After you answer those questions to yourself the truth and solution will be self evident, as it is already. Take the loss as quickly as you can and move on to whatever you are going to move on to and know that you just had an expensive life learning lesson. I am sure most of us have been there at one time or another. It is not that what happened to you doesn't matters, it is what you do as a result of this experience that matters. Good luck Link to comment
elkroeger Posted March 4, 2013 Share Posted March 4, 2013 Sell the bike yourself. It's the most economical thing you can do, and selling it won't be difficult if you can transfer that warranty. I'm a groan up. Every time I get up, I let out a little groan... Link to comment
kgerry Posted March 6, 2013 Share Posted March 6, 2013 i don't really understand what the problem was... what does "not being able to cover your nut" mean? same with "covering your short"? i dont understand the terminology.... Link to comment
Ponch Posted March 6, 2013 Share Posted March 6, 2013 i don't really understand what the problem was... what does "not being able to cover your nut" mean? same with "covering your short"? i dont understand the terminology.... May be he became redundant at work or was befallen with some unexpected expenses. It happens. Link to comment
EffBee Posted March 6, 2013 Share Posted March 6, 2013 The difficult thing in any situation of this type is letting go. But we must remember that we can always come back. I respect your opinion as to "being done" with it, but I've also lived long enough and seen/experienced enough "about face" events in life to know that "never" is never "never." Make your life comfortable. Get rid of those things that are dragging you down. Even if painful, they will still live in your heart if/until you are in a better place and can revisit them. Link to comment
racer7 Posted March 7, 2013 Share Posted March 7, 2013 Indeed A bad financial decision made for emotional reasons should be undone if its no longer tenable. For me, motorcycling is not about expensive machines but about the fun of riding. I've bought fancy new and cheap used and enjoyed them all (one of my latest is an 06 K1200GT- a bit different from your Harley but a nice ride and not at all expensive- there are lots of 5-6K nice used rides out there these days). Unless your idea of motorcycling is tied to a fuly chromed large Harley and nothing else, there are plenty of inexpensive rides that are just as much fun- you can go to one of those when you're ready. Link to comment
FLrider Posted March 11, 2013 Share Posted March 11, 2013 Hey Bull - Don't get down about this. It's a toy. I am willing to bet that after you get your financial house in order, they will still be making toys. In fact, I'm willing to bet there are a few that are exactly like yours out there. Take the hit, get it done with. Move on. Think "next". I remember when I got divorced. Cleaned my clock. Had to sell a boat that I absolutely loved.... killed me at the time. I've had several since then. Each one better than the last. New wife was an improvement as well. Well worth the financial hit. Link to comment
Bud Posted March 11, 2013 Share Posted March 11, 2013 Thanks for everyone's replies and the reminders of how much I liked the bike... I guess I will have to the grown up thing. Can anyone point me to the direction of a grown up? Link to comment
BalancePoint Posted March 11, 2013 Share Posted March 11, 2013 Never love something that can't love you back. I've had to remind myself of this silly adage a few times, and it was comforting. If you should ever decide to get back in, there will be a ride available. Cut your losses. Link to comment
BULLman Posted March 12, 2013 Author Share Posted March 12, 2013 Thanks for everyone's replies and the reminders of how much I liked the bike... I guess I will have to the grown up thing. Can anyone point me to the direction of a grown up? Link to comment
DaveinNCMn Posted March 16, 2013 Share Posted March 16, 2013 Thanks for everyone's replies and the reminders of how much I liked the bike... I guess I will have to the grown up thing. Can anyone point me to the direction of a grown up? A page from my biography... . Link to comment
g_frey Posted March 22, 2013 Share Posted March 22, 2013 Speaking as someone who gave away everything, you may find that you have gained freedom. Link to comment
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