TeamBulldogRacing.com Motorcycle Webguide

A two or three wheeled motorised vehicle designed to transport people. Includes motorcycles with or without a sidecar, motor scooters, trail bikes, mini bikes, and mopeds.
 

Resources

More Resources
Firstgear Motorcycle
Virginia Motorcycle
Canadian Motorcycle
Motorcycle Boots
Motorcycle Headsets
New York Motorcycles
Triumph Daytona Motorcycles
Dallas Motorcycle Dealers
Motorcycle Seat Covers
Motorcycle Maintenance Course
Die Cast Motorcycles
Motorcycle Accidents Staten Island
Honda Motorcycle Tire
Texas Motorcycle Training
Chicago Bmw Motorcycle
Deerskin Motorcycle Gloves
Illinois Motorcycle Classes
Motorcycle Service Manuals
Used Harley Motorcycles
Icon Motorcycle Clothing
Honda Parts Motorcycle
Motorcycles Tires
Motorcycle Parts Honda
Honda Motorcycle Parts
Motorcycle Certification
European Motorcycle Tours
Motorcycle Pickup
Motorcycle Cleaner
Bmw Motorcycle Jacket
Motorcycle Rental Los Angeles
Las Vegas Rent Motorcycle
Dirt Bike Motorcycle
Motorcycle Accidents Queens
Motorcycle Tire
Denver Motorcycles
Motorcycle Dealers Dallas
Motorcycle Insurance Auctions
Motorcycle Electronics
Motorcycle Dvd
Mz Motorcycles
Motorcycle Breeches
Bmw Motorcycle Dealers Uk
Leather Motorcycle Gloves

More Resources
Motorcycle
Free Drag Racing Online
Motorcycle Accident Attorney California
Illinois Motorcycle Accident Lawyers
Compare Motorcycle Insurance
Las Vegas Motorcycle Accident Lawyer
Motorcycle Accident Attorneys Florida
Motorcycle Accident Claims
Ohio Motorcycle Accident Attorneys
Massachusetts Motorcycle Insurance
Motorcycle Accident San Jose
Motorcycle Accident New Jersey
Gel Seat Motorcycle
Kit Motorcycle Custom
Motorcycle Trailer Rental
Metric Motorcycle Parts
Motorcycle Intercom
Motorcycle Body Parts
Motorcycle Helmet Accessories
Firstgear Motorcycle
Womens Motorcycle Apparel
Vengeance Motorcycles
Houston Used Motorcycles
Harley Motorcycle Accessories
Motorcycle Prints
Motorcycle Seats Harley Davidson
Bandidos Motorcycle Club
Motorcycle Jackets Joe Rocket
Motorcycle Exhaust
Ladies Motorcycle Leather Jackets
Suomy Motorcycle Helmet
Motorcycle Parts Harley Davidson
Motorcycle Parts Chopper
Cortech Motorcycle Jacket
Honda Shadow Motorcycle Parts
Metzler Motorcycle Tires
Motorcycle Headlights
Wholesale Motorcycles
Yamaha Motorcycle Repair Manuals
Custom Motorcycle Accessory
Motorcycle Accessories Uk
Vintage Honda Motorcycle Parts
Motorcycle Title
Motorcycle Trailers For Sale
Motorcycle And Accident
Honda 750 Motorcycle

News
Women and Motorcycles? You Bet!
By Willie Jones
To really understand the women and her ride, one needs to go back in history to explore the courageous women who defied the norm and road their horses in the freedom of the wind. Who could forget Read more...

Women and Motorcycles? You Bet!
By Willie Jones
To really understand the women and her ride, one needs to go back in history to explore the courageous women who defied the norm and road their horses in the freedom of the wind. Who could forget Read more...

Kawasaki Motorcycles - Independent in Thoughts and Actions
By Daniel Levy
The story of Kawasaki Company goes back to 1924, at that time involved into metallurgy and the aircraft industry.In 1949, they decided to enter the motorcycle industry producing Read more...

chicago bmw motorcycle Article

Below, you'll find extensive information on leading chicago bmw motorcycle articles and products to help you on your way to success.

Welcome To The World Of "Upside Down" Motorcycle Loans!
By Jay Fran
With the depreciation on motorcycles being so enormous after they are driven off the showroom floor, the potential for a buyer owing more on their loan than the bike is worth it quite high. Owing more on your bike than it is worth is often referred to as the world of “up side Down#8221;.

Many people finding themselves in this situation discover that financial lessons are sometimes the hardest and most expensive to learn. Motorcycle loans of more than 48 months (especially without a down payment) put you in the position of owing more than the value of the bike.

Let’s take a look at this phenomenon.

First, the interest calculation your lender uses can make a big difference in your situation, especially in the first 18 months. There are two primary interest calculations, pre-computed (combined with rule of 78) and simple interest.

Pre-computed interest combined with Rule of 78, is typically the worst situation for a buyer because most of the interest is paid in the first 24 months. Therefore, in the first 24 months little of the monthly payment has gone towards paying down principal. If a buyer wishes to sell or trade in the within this timeframe they will likely find themselves owing more

than the bike is worth. Statistics show that the average owner trades in every 18-24 months.

Simple interest on the other hand, is much more favorable for buyers since interest accrues on the balance of the loan. However, buyers that extend their loans for greater than 48 months can still find themselves up side down with simple interest. This is especially true if a down payment is not made. The reason this occurs is that the depreciates faster than the principal is paid; leaving the balance owed to the lender to be more than the bike can be sold for.

A common view that many people have is that they will just surrender their to the lender if they are caught in an “up side Down#8221; position. If you are considering this option don’t! Your worries do not just end after your bike is surrendered or repossessed; in fact they are just beginning. The lender will sell your bike at an auction for much less than it is worth. You will still owe the difference between the amount you owed on your loan and the amount the sold for at auction. So if you owe $5000 and the bike sells for $1500, you still are responsible for owing the lender $3500. To make it worse lenders may tack on hefty auction fees which you will owe as well. So the net result is that you are now responsible for making monthly payments on a bike you can no longer ride.

So what steps can you take to prevent from being caught “up side Down#8221;?

1. Find a lender that uses simple interest. Avoid lenders that use pre-computed / Rule of 78 interest calculations.

2. Always try to put money down on your purchase.

3. Try to avoid loans that extend past 36 months.
Jay Fran is a successful author and publisher for a website that specializes in Motorcycle Loans: Poor Credit Approvals Available. A comprehensive resource on simple interest motorcycle financing, poor credit, new, used and bad credit motorcycle loans. www.motorcycle-financing-guide.com/

 

 


We strive to provide only quality articles, so if there is a specific topic related to motorcycle that you would like us to cover, please contact us at any time.

And again, thank you to those contributing daily to our chicago bmw motorcycle website.

News
News
Welcome To The World Of "Upside Down" Motorcycle Loans!
By Jay Fran
With the depreciation on motorcycles being so enormous after they are driven off the showroom floor, the potential for a buyer owing more on their motorcycle loan than the bike is worth it quite Read more...
Keeping Used Motorcycle Parts As Good As New
By Granny's Mettle
Even with regular maintenance and upkeep, our motorcycles tend to get used and subjected to different elements in the environment. To keep used motorcycle parts as good as the day when we first Read more...

 

| Home | Contact | About | Articles |

© 2006 TeamBulldogRacing.com Motorcycle Webguide. All Rights Reserved. motorcycle