Posted by Jujitsu Lizard on November 20, 2008, 7:20 pm
> MSN Money http://atu.ca/1ac1b
> One reason is that core Harley buyers are simply getting
> older. Only 12% of buyers are under 35, and long-term
> demand will slow as baby boomers "exit their peak riding
> years," wrote a JPMorgan analyst in a recent client note.
> The analyst expects motorcycle registrations to drop 14.7%
> next year in the U.S. and 4.2% internationally.
> Harley also made bad business decisions. It sold bikes to
> buyers who clearly couldn't afford it, handing out $20,000
> motorcycles with no money down, according to BusinessWeek
> http://atu.ca/f5e5 . And now, a lot of subprime borrowers
> simply can't, or won't, repay those risky bike loans.
Personally, I refuse to pay car money for a lawnmower with wheels. I was in
the Harley dealership the other day, and the salesperson showed me a $38,000
motorcycle. I commented that that represented at least 38 cars for me.
My current ride is worth maybe $1,500 - $2,000. That is enough for a
motorcycle.
$20,000 for a motorcycle? $38,000 for a motorcycle? No way.
Yep, looks like an option play ...
Posted by Greg O on November 20, 2008, 11:45 pm
> Personally, I refuse to pay car money for a lawnmower with wheels. I was
> in the Harley dealership the other day, and the salesperson showed me a
> $38,000 motorcycle. I commented that that represented at least 38 cars
> for me.
> My current ride is worth maybe $1,500 - $2,000. That is enough for a
> motorcycle.
> $20,000 for a motorcycle? $38,000 for a motorcycle? No way.
> Yep, looks like an option play ...
I am not one to pay much for a car either, after all, all they do is
depreciate! All the wife wants is something dependable, that is not ugly!
Now a motorcycle is different to me, and luckily my wife too. We both enjoy
riding to the point that it is our main means of entertainment during the
summer months. We don't have a problem paying over $20k for a motorcycle as
it is our main means of transportation all summer, trips, shopping, what
have you. My wife's car will get less than 4,000 miles in a year, the
motorcycle 3-4 times that. Also for us spending $1,000-$2,000 for a
motorcycle would be pretty tough to do as it is impractical to pack up and
ride two up for a week straight on much less than a touring bike. Sure you
can do it, but I draw the line at comfort and safety. Even a good used Gold
Wing will set you back $5,000. Plus riding 1/2 way across the country on an
older motorcycle seems like a good way to get a ride in a tow truck.
It all depends on your priorities!
--
PoorUB
'05 Ultra Classic
Posted by .p.jm on November 21, 2008, 12:32 am
wrote:
>>
>>
>> Personally, I refuse to pay car money for a lawnmower with wheels. I was
>> in the Harley dealership the other day, and the salesperson showed me a
>> $38,000 motorcycle. I commented that that represented at least 38 cars
>> for me.
>>
>> My current ride is worth maybe $1,500 - $2,000. That is enough for a
>> motorcycle.
>>
>> $20,000 for a motorcycle? $38,000 for a motorcycle? No way.
>>
>> Yep, looks like an option play ...
>>
>I am not one to pay much for a car either, after all, all they do is
>depreciate! All the wife wants is something dependable, that is not ugly!
And she chose you .... why, exactly ???
--
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Posted by Greg O on November 22, 2008, 9:51 pm
>>I am not one to pay much for a car either, after all, all they do is
>>depreciate! All the wife wants is something dependable, that is not ugly!
> And she chose you .... why, exactly ???
'cuz I am dependable, and damn handsome!
--
PoorUB
'05 Ultra Classic
Posted by Bob Mann on November 22, 2008, 10:14 am
9a92-b9e6e2159f73@w24g2000prd.googlegroups.com:
> It's funny how common it is for people to spend the more on cars and
> trucks which they use less than some of us do our bikes, yet no one
> bats an eye at that.
> Myself, I'd rather have a cheap, old truck and some nice bikes, than
> the other way around... In fact, that IS what I have! <g>
>
Finny, my last two bikes (not counting the Sporty) and last two four wheel
vehicles have all been in the same price range.
The car and Jeep I'll probably keep a long, long time.
The bike maybe 5 years or so.
I want all my vehicles to be reliable thanks.
I spend almost half the year inside my Jeep.
Then it sits for half the year.
--
Bob Mann
Cap'n, ah need moor pow'r.
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> One reason is that core Harley buyers are simply getting
> older. Only 12% of buyers are under 35, and long-term
> demand will slow as baby boomers "exit their peak riding
> years," wrote a JPMorgan analyst in a recent client note.
> The analyst expects motorcycle registrations to drop 14.7%
> next year in the U.S. and 4.2% internationally.
> Harley also made bad business decisions. It sold bikes to
> buyers who clearly couldn't afford it, handing out $20,000
> motorcycles with no money down, according to BusinessWeek
> http://atu.ca/f5e5 . And now, a lot of subprime borrowers
> simply can't, or won't, repay those risky bike loans.