1992 Honda Accord EX
2000 Honda Prelude
2007 Suzuki GS500F

You have a reliable beater already. Lose your ego and sell the prelude and bike.

 

Thank you, I think you actually comprehended what I was trying to get across.

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The bike is NOT a toy (okay, only on the weekends), but when for the majority of the year when it's above 50* outside, guess what vehicle is being used. The BIKE. Sure, it started out as a toy, but now it is being used as primary transportation.

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Jay, while I read what you posted and understand where you are coming from, I disagree with what you are saying and do not appreciate the insults.

 

Sweet, now go charge up a storm

 

http://www.daveramsey.com/

he speaks da troof

 

a lot of people speak the truth james, i don't need a website to know know that h:

 

To answer the original question: Pay off the bike. That interest rate is god awful.

AND...

1. Sell the bike. If you take a step back and truly evaluate the situation from a cost/benefit & risk standpoint, the bike is an overall risk.

Maintenance costs, insurance costs, and increased risk of bodily injury for something that you can only ride 7 months out of the year. One nasty spill on the bike, and your whole "get out of debt" plan goes straight to the shitter. You can always buy another bike when you're back on your feet financially.

2. Sell one of your cars. Whichever one you can move first.

Also, go through all your possessions. If something is of value and you're not using it or don't care about it, pop it on e-bay. You can generate some extra dough that way to chuck at your debt.

 

i'm just sayin....his advice is very good for those that need a little kick in the ass

i was one of them :wavey:

a few years ago, i too condidered filing bankruptcy, but after listening to his shows, i realized there were people out there faaaar worse off than me, so i buckled down, made some hard financial choices & now i have one credit card that has about 10k on it & i'm hammering it as much as possible

yes, i'd like a newer car, but i have come to realize that i don't need a newer car....until i am debt-free & have the $$$ saved up to pay for it w/ one payment & not 60

 

this thread has been posted like 80 different times by the OP. He just wants to hear what he is doing is right, when in fact we all know that he should sell the stupid bike, and pay off his debt. He is obviously too immature to handle credit in the first place to put himself in this hole, so of course he will wah wah about having to lose non-necessity items to put himself back in the black.

 

Thanks for the input, I appreciate it. You are right about the risk factors with the bike. I could only hope that if a wreck is bad enough to put me in the hospital, then that it'd kill me on impact.

But I'd rather not think about that

 

You're asking for advice. We're giving it to you. Some of us have been there, some of us haven't. That being said, I've been there. None of what I said could ever make your situation worse. But it absolutely could benefit you.

If you're so set on keeping the bike, keep it! Just know that financially, it's 100% the wrong thing to do. This is a thread about your finances right? Don't ask for opinions and get hurt when someone who has had 1. More financial history, 2. more financial experience and 3. more financial success offers you solid (i don't see what was so offensive about telling you to sell your bike) advice as to how to improve your situation.

The plain facts are these. You're shit deep in debt so you ask for advice on how to proceed. You are OVERWHELINGLY advised by the majority of people here to 1. Pay off the bike and 2. sell the bike and the lude.

You agree with selling the lude, but not the bike because you feel it financially is more beneficial to keep the bike. How about you sell that bike and buy a cheaper 250? Wouldn't THAT be a better financial choice?

It's plain as day that irregardless of what or how or at what frequency we offer sound advice to you, our words always fall on deaf ears. Keep your bike.

I'm done. Your requests shall fall on my blind eyes.

edit:

"Thanks for the input, I appreciate it. You are right about the risk factors with the bike. I could only hope that if a wreck is bad enough to put me in the hospital, then that it'd kill me on impact.

But I'd rather not think about that "

This is part of immaturity towards your situation that causes me frustration.