I truly needed this video for sleep, so thank you for regularly uploading it to UA-cam. I don't mean to sound cynical, but falling asleep to the sound of a motorbike roaring and dreaming of owning one myself someday is genuinely rather inspiring.
Awesome night ride! I have a question for you since you once worked for a Triumph dealership in brooklyn. I ride a Kawasaki z900rs, had it since last year Feb and only 380 miles on it and it is financed (no late payments). Can I still trade it in for a triumph? And how does that work exactly? Is it worthwhile? Don't get me wrong, I love my bike and all, but the triumph just seem to be calling out to me! lol Thanks bro and keep riding safe :)
Hey Pedro! So a few things: 1.) You will ALWAYS get a better deal selling privately. I personally don't want to deal with the back and forth, meeting up with strangers, and worrying about payment, so I have always traded in. Many argue that you should sell it yourself for the extra money, but EVEN IF you get 1.5 - 2k more, the above reasons seem reason enough to not do it that way in my opinion. 2.) late payments don't effect the value. That really has more to do with your personal credit. Nice on not being late! But the dealership doesn't take that into consideration. 3.) You can trade in a financed bike, but how much you are owed/how much you owe depends on where you are at with your payments. So think of it like this... If you are financing the bike, the bank owns the bike, not you. So when you make payments, you are essentially slowly taking ownership of the bike FROM the bank. Lets say you paid $20,000 for the bike (just for numbers sake). Let's say you have paid $2,000 so far, which means you owe $18,000 to the bank before that bike is really yours to sell. Let's say the current market value for the bike is $18,000. This is called being "upside down" on your loan (owing more than the bike is worth). When you sell the bike to the dealership, the dealership looks up what the market value for that bike is at that moment ($18,000) and determines what they would offer to pay for it. They want to make a profit, so they will NOT pay market rate, they will pay below that. So with the above numbers in mind, let's say that the dealership would only buy the bike $15,000, since they will sell it for $18,000 ($3,000 profit for the dealership). This means that in order to fully buy the bike from the bank, the dealership has to spend $18,000 (the amount you still owe) out of their pocket to get it released to them, and then YOU have to pay the dealership the difference of $3,000 (so the dealership only ends up spending $15,000). If you owe money to the dealership for them to take the bike off your hands, you can either pay that to them at that moment, OR you can "roll it in" to another loan. This would mean adding the amount owed to whatever bike you are buying, and then qualify for a loan for that amount (new bike price + amount owed for old bike = new loan). Depends on how you want to deal with it, but I would STRONGLY suggest only doing this once, if at all. You can quickly end up far in the hole this way. IF you are not upside down on your loan, then the dealership might end up giving YOU money back for your deal. Let's say you again paid $20,000 for the bike, paid $13,000 to the bank so far (you owe $7000), and the current market value for the bike is again $18,000. Again, the dealership offers $15,000 for the bike. The bank only needs $7,000 to release the bike from the bank, which means there is $8000 which goes to you ($7,000 + $8,000 = the $15,000 the dealership is willing to pay for the bike). Obviously there's a lot more nitty gritty since there are fees, tax, variable interest, etc, but this is the basic principle. I spell it out like this because I wish someone did for me. When you are trying to digest this at the dealership, you are so excited about the potential of getting a new bike, the sales manager/finance manager won't explain this in an understandable way, and you simply don't care, so it gets lost in translation. So... this is a long way of saying: YES you can sell a financed bike, but where you are at with your payments effects whether you owe or are owed. Hope this is what you were asking.... hahaha As for should you get a Triumph... yes. Yes you should.
It doesn't bother me much until I hit 100 or so. I guess I'm just used to it by now. Every bike I have ever had has been a naked, so it doesn't seem all that bad to me.
I truly needed this video for sleep, so thank you for regularly uploading it to UA-cam. I don't mean to sound cynical, but falling asleep to the sound of a motorbike roaring and dreaming of owning one myself someday is genuinely rather inspiring.
No problem! i do the same thing haha. Thinking of getting into riding?
Nothing like unleashing the beast within 💪.keep it up.
3:00 - YES!!! THAT WAS IT RIGHT THERE!!! ❤❤❤
Love that exhaust!
Yea, this ride was FUUUN HAHA
Awesome night ride! I have a question for you since you once worked for a Triumph dealership in brooklyn. I ride a Kawasaki z900rs, had it since last year Feb and only 380 miles on it and it is financed (no late payments). Can I still trade it in for a triumph? And how does that work exactly? Is it worthwhile? Don't get me wrong, I love my bike and all, but the triumph just seem to be calling out to me! lol
Thanks bro and keep riding safe :)
Hey Pedro! So a few things:
1.) You will ALWAYS get a better deal selling privately. I personally don't want to deal with the back and forth, meeting up with strangers, and worrying about payment, so I have always traded in. Many argue that you should sell it yourself for the extra money, but EVEN IF you get 1.5 - 2k more, the above reasons seem reason enough to not do it that way in my opinion.
2.) late payments don't effect the value. That really has more to do with your personal credit. Nice on not being late! But the dealership doesn't take that into consideration.
3.) You can trade in a financed bike, but how much you are owed/how much you owe depends on where you are at with your payments. So think of it like this... If you are financing the bike, the bank owns the bike, not you. So when you make payments, you are essentially slowly taking ownership of the bike FROM the bank.
Lets say you paid $20,000 for the bike (just for numbers sake). Let's say you have paid $2,000 so far, which means you owe $18,000 to the bank before that bike is really yours to sell. Let's say the current market value for the bike is $18,000. This is called being "upside down" on your loan (owing more than the bike is worth).
When you sell the bike to the dealership, the dealership looks up what the market value for that bike is at that moment ($18,000) and determines what they would offer to pay for it. They want to make a profit, so they will NOT pay market rate, they will pay below that.
So with the above numbers in mind, let's say that the dealership would only buy the bike $15,000, since they will sell it for $18,000 ($3,000 profit for the dealership). This means that in order to fully buy the bike from the bank, the dealership has to spend $18,000 (the amount you still owe) out of their pocket to get it released to them, and then YOU have to pay the dealership the difference of $3,000 (so the dealership only ends up spending $15,000).
If you owe money to the dealership for them to take the bike off your hands, you can either pay that to them at that moment, OR you can "roll it in" to another loan. This would mean adding the amount owed to whatever bike you are buying, and then qualify for a loan for that amount (new bike price + amount owed for old bike = new loan). Depends on how you want to deal with it, but I would STRONGLY suggest only doing this once, if at all. You can quickly end up far in the hole this way.
IF you are not upside down on your loan, then the dealership might end up giving YOU money back for your deal. Let's say you again paid $20,000 for the bike, paid $13,000 to the bank so far (you owe $7000), and the current market value for the bike is again $18,000. Again, the dealership offers $15,000 for the bike. The bank only needs $7,000 to release the bike from the bank, which means there is $8000 which goes to you ($7,000 + $8,000 = the $15,000 the dealership is willing to pay for the bike).
Obviously there's a lot more nitty gritty since there are fees, tax, variable interest, etc, but this is the basic principle. I spell it out like this because I wish someone did for me. When you are trying to digest this at the dealership, you are so excited about the potential of getting a new bike, the sales manager/finance manager won't explain this in an understandable way, and you simply don't care, so it gets lost in translation.
So... this is a long way of saying: YES you can sell a financed bike, but where you are at with your payments effects whether you owe or are owed. Hope this is what you were asking.... hahaha
As for should you get a Triumph... yes. Yes you should.
@@TheRiceRocketeer Thank you!! :)
How do you battle with the wind? I have to tuck on highways regardless, but you seem to be fine.
It doesn't bother me much until I hit 100 or so. I guess I'm just used to it by now. Every bike I have ever had has been a naked, so it doesn't seem all that bad to me.
@@TheRiceRocketeer You are a warrior!
Is it really bad on the highway?
Wind wise
Its a naked so its gonna be windy at 70+. I dont mind it though, completely manageable.