Originally Posted by crxmatt2

word. It pisses me off how banks call people who purchase homes "homeowners" 98% of them.. dont own the home.. the bank does.. and they make up this profitable scheme called "credit" to make people believe that they are worth something. When probably 85% of them live paycheck to paycheck.

Originally Posted by Dr.Boost

Still.....not much of a difference. I bought my bike for $6500 with tax and bullshit. 5 years later I still owe more than half of that. :P

When I went to buy another bike I had cash to put down and they said money down didn't matter. It's a -0- down type of thing and if you want to "put money down" you can just make a really big first payment. I really didn't understand why, but whatever.

I'm not sure what kind of a loan you're thinking about getting for this? You're not just going to walk into a bank and ask for a personal loan of $5000 with no credit or equity. Chances are the bike dealer is going to have their select couple of finance companies(Most likely GE money bank or HSBC)and the "loan" you're getting is going to be a credit card type of loan. It's revolving, meaning they ---- you in the *** on interest. I got 0% interest for 6 months and 19% for the rest of my life and I had perfect credit at the time.

Originally Posted by MR_DR_PEP

Borrowing money is addictive.

Originally Posted by Dr.Boost

It's the American way.

My goal is to be one of those "homeowners" and be out of any other type of debt within the next 12 months. With the economy taking a fat ---- right now, house prices are dropping and I'm going to buy at the bottom of the ---- pile.