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|General Sportbikes This area is for sport bike discussion in general. Topics that don't really belong anywhere else can go here. Questions can be answered and addressed to fully understand certain aspects of the sport. If your question is manufacturer specific please post it there.
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|The Following User Says Thank You to harleyxlc For This Useful Post:|
Most likely you are going to have to eat the difference and you will just owe more on the new bike. If your making payments I would just carry the loan and keep the cash because chances are you wont have the bike for the length of the loan. It sucks I did the same thing and ended upside down on my 09 zx6. The positive is you will have a ride that you enjoy not something sitting around that rarely ever gets ridden. Call it a good or bad thing but when I totaled the zx6 the insurance payed out a crazy amount and I had gap insurance to cover the rest.
Not sure what you mean by "carry the loan and keep the cash"?
But man you're so right about having a bike that I enjoy rather than sit around because I stay on the gixxer for the most part now...
How much did the Gap insurance cover? I was hearing that they try to fight you on how much they pay out so it's not all that worth it.... and the insurance only cover the value of the bike, correct?
well, i too had a 2011 stryker. Instead of going for ss i went for a z1000 though. I sold my stryker for $8k back in july. I guess i'm saying i understand your wanting to switch...i loved my styker but i think i had it for no more than two months and about 1200 miles.
Like someone above said, you aren't in a great spot to be switching bikes since you're upside down on the stryker loan. Honestly, i don't know if you can even sell it private party unless you can pay the difference between the sale price and the lien. If you goto a dealer and try to trade in the stryker on a ss you will be raked over the coals. When i was trying to make the switch i was typically offered no more than 6.5k for the stryker (and i tried alot of dealerships) and to add insult to injury they then want you to pay msrp on a new bike.
I think your best bet is to sell the jeep and then sell the stryker (private party) and you'll have the money in hand to pay off the remainder of the loan (above whatever you sell it for) and will be able to hit a dealership with a "fresh slate".
|The Following User Says Thank You to I-Jo For This Useful Post:|
You get peace of mind, some people can't put a price tag on that. I have no problem buying used bikes, that I will kind of tear down just to make sure they are fine, but people that can't even change the oil won't be up for that.
You get LITERALLY nothing extra from a new bike that an 06 or newer doesn't offer except the electronics that let you pick how much power you want.
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