Originally Posted by
GhostRider62
I pay cash on everything.
I just avoid being the sucker.
A £10k bike new will sell 50 cents on the dollar in a year.
An alternative way of looking at it.
I have used the same approach to cars for over 30 years. I just bought a big German car that sold for $112K new. Three years old with 18K on the clock. I paid $50k. Cash. Please don't bother telling me I made a bad decision.
Young people who finance £10k bikes are making a mistake. Buy something pretty good but used. Go on vacation with the money saved. Take pictures.
So.only “suckers” buy new. Well I guess that makes me a sucker then. But really it just comes down to what you can afford. Would it make any sense for Jeff Bezos to buy a used car? I’ve done the used car thing many times in my younger days, but now I can afford to be a “sucker”. I avoid finance though unless it’s close to zero percent.