My 22 year old son was looking at a Buell earlier this year and did find a good price on one. Sales person and dealer advised him to get insurance quote before he proceeded to purchase a Buell. Needless to say, after insurance quote, he bought an older Metric Cruiser.

 

$5800/year.:thumbsup:



The names have been left out to protect the stupid.

WOW! Stupid people really do piss me off! She's stupid for even considering him as a BF and well, BF is a total tard! But hey, love is blind...

 

My 22 year old son was looking at a Buell earlier this year and did find a good price on one. Sales person and dealer advised him to get insurance quote before he proceeded to purchase a Buell. Needless to say, after insurance quote, he bought an older Metric Cruiser.

Just went through this with my 19YO son. He decided he wanted an R1, after he'd traded his 650 VStar for a Mustang that gets about 8 MPG. I laughed at him and said call the insurance company and get a quote. I don't remember the exact number, but it was on the order of 2X his monthly payment.

The rates suck, but I was actually a little happy in this case because I didn't want his inexperienced butt on something like that anyway.

 

Probably more ignorance than stupidity. Too bad she didn't have some fatherly advice before making the trade.

 

I hate to say I see it all the time, but I do. If she was 40 and had no violations and good credit that would be about $600/year. Under 25 is the kiss of death on a sport bike. Violations just add fuel to the fire.

 

Yep - I'm 40 and my GSXR1000 costs me about $600 a year (my HD only costs me about $350). When folks complain about kids being able to spend $10K or $12K to buy a motorcycle far beyond their skills -- these massive insurance premiums tend to put a hold on that to some degree. After all, what the company is saying is that within two years, we expect you to total the bike. Problem is, unlike when I started, no one moves up to liter-class sportbikes through less powerful bikes -- they want to jump straight to them.

 

Yea but she has a nice bike. #Spankme@

 

Hey Jim. Just curious what is the difference in terms of multiples of the costs of insurance on your SEEG vs the ZX14?

I have found myself walking thru more import dealer showrooms lately and like my wife says I better watch out and stay out of there becasue next time I may not walk out empty handed.

 

Hey Jim. Just curious what is the difference in terms of multiples of the costs of insurance on your SEEG vs the ZX14?

I have found myself walking thru more import dealer showrooms lately and like my wife says I better watch out and stay out of there becasue next time I may not walk out empty handed.

Funny you ask because I just received my Geico yearly renewal.


SEEG $304
ZX14 $756

100k lib
1k ded comp & coll

 

An ethical dealer would have advise her to check. But maybe they did and she didn't think it would be so bad.

 

he is having major buyers remorse about new Kaw. Dealer won't let her give it back. Of course he forgets to tell her it's a wee bit more expensive to insure than a Harely. Her insurance payments are double what her monthly payments are, maybe more.

How did the dealer 'book' her deal? How was it finalized? You send in the paper work for the SMO and the owner. (Most likely) Kawasaki finance will kick the deal till the bike is insured. Dealer won't get his money for the sale. That way if the bike is wrecked, totaled, or stolen they are not left to pick up the pieces. You and I both know you can force feed a policy on a customer but, not till they have taken possession. He let her leave with no insurance on the new bike? Even if it was OSF it is up to the dealer to make sure there is insurance on the bike if they want to draft on their money for the bike. Seems there must be more to this A few phone calls and someone somewhere will be backing up to protect their product.

 

In Oklahoma, you have 72 hours to back out of a contract. That is in business days so Sunday does not count. She should be able to back out of that deal.

'Puckfan

 

In Oklahoma, you have 72 hours to back out of a contract. That is in business days so Sunday does not count. She should be able to back out of that deal.

'Puckfan

California also has a 3 business day contract rule, BUT, that does not apply to vehichels and most likely the same in your state. (by the way, for all californians, the law changed for all 3 day contract laws to 5 day laws in 2006
)

 

some dealers here in CA are bundling the insurance premium for the 1st year into the financing contract so some of these young fellers dont see the true insurance cost till they have had the bike a year...

 

he is having major buyers remorse about new Kaw. Dealer won't let her give it back. Of course he forgets to tell her it's a wee bit more expensive to insure than a Harely. Her insurance payments are double what her monthly payments are, maybe more.

How did the dealer 'book' her deal? How was it finalized? You send in the paper work for the SMO and the owner. (Most likely) Kawasaki finance will kick the deal till the bike is insured. Dealer won't get his money for the sale. That way if the bike is wrecked, totaled, or stolen they are not left to pick up the pieces. You and I both know you can force feed a policy on a customer but, not till they have taken possession. He let her leave with no insurance on the new bike? Even if it was OSF it is up to the dealer to make sure there is insurance on the bike if they want to draft on their money for the bike. Seems there must be more to this A few phone calls and someone somewhere will be backing up to protect their product.

I've never seen a car taken out of the dealer's lot that was financed where the salesman didn't call to verify insurance. The bike in question was already in her possesion when she called the agency. What happened, I don't know for sure. Seems like she took some very bad advice from the boyfriend.

 

I've never seen a car taken out of the dealer's lot that was financed where the salesman didn't call to verify insurance. The bike in question was already in her possesion when she called the agency. What happened, I don't know for sure. Seems like she took some very bad advice from the boyfriend.

all i ever have to do to buy a new vehicle is use the policy number from my existing policy.we usually nail down the specifics with the ins co the next day

 

he is having major buyers remorse about new Kaw. Dealer won't let her give it back. Of course he forgets to tell her it's a wee bit more expensive to insure than a Harely. Her insurance payments are double what her monthly payments are, maybe more.

How did the dealer 'book' her deal? How was it finalized? You send in the paper work for the SMO and the owner. (Most likely) Kawasaki finance will kick the deal till the bike is insured. Dealer won't get his money for the sale. That way if the bike is wrecked, totaled, or stolen they are not left to pick up the pieces. You and I both know you can force feed a policy on a customer but, not till they have taken possession. He let her leave with no insurance on the new bike? Even if it was OSF it is up to the dealer to make sure there is insurance on the bike if they want to draft on their money for the bike. Seems there must be more to this A few phone calls and someone somewhere will be backing up to protect their product.

You are correct. If you finance a bike/car/whatever widget and can't get the insurance on it the bank refuses the loan. I would in her case just state no insurance, the deal fails, and she hands the bike back over. The other thing she could do is just hand over the insurance payments to the BF that talked her into the deal. I personally think the insurance quotes are bogus at 5800 a year. I could see 2800 maybe and that would be a DUI type rate, but 5800 sounds ludicrous.

 

lots of financial institutions finance bikes with no Insurance at 10K and under, I know Kawasaki does which is HFC.

 

I am in the insurance business too. $5,800 for ANYTHING sounds ridiculous. Like Fatb0y said, even with a DUI that bike insurance shouldn't cost that much but I am not familiar with he Ohio "point system". I will mention names. Have you tried "Drive" insurance from Progressive, Foremost, GMAC?

 

You are correct. If you finance a bike/car/whatever widget and can't get the insurance on it the bank refuses the loan. I would in her case just state no insurance, the deal fails, and she hands the bike back over. The other thing she could do is just hand over the insurance payments to the BF that talked her into the deal. I personally think the insurance quotes are bogus at 5800 a year. I could see 2800 maybe and that would be a DUI type rate, but 5800 sounds ludicrous.

I do know that if someone drops their insurance (Texas..maybe other states) the lender can force feed them into the note. What that means is that it is added to the payoff.

This could get jammed up pretty good if she had a clear title on her XL and they sold it to a cash buyer. What a mess.

 

You are correct. If you finance a bike/car/whatever widget and can't get the insurance on it the bank refuses the loan. I would in her case just state no insurance, the deal fails, and she hands the bike back over. The other thing she could do is just hand over the insurance payments to the BF that talked her into the deal. I personally think the insurance quotes are bogus at 5800 a year. I could see 2800 maybe and that would be a DUI type rate, but 5800 sounds ludicrous.

I do not know about your state, but in calif, if you can get an operator's permit, you can get insurance. it is usually to expensive, but it can be had. in order to offer insurance in calif, there has to be a way to insure any driver.
cost of insuerance is not a valid excuse to get out of a contract

 

Probably more ignorance than stupidity. Too bad she didn't have some fatherly advice before making the trade.

...she probably didn't seek "fatherly advice." She had "BF advice" and sounds like all he could see was a hotrod motersickle. Besides... don't most people that age think they know everything?

 

After reading http://www.v-twinforum.com/forums/showthread.php?t=81638 I decided my reply needed its own thread. True story, a girl calls the office to add her new bike, I sell insurance. She and her live in go to the multi dealer Jap bike store for some parts for his Yamaha crotch rocket. She walks out letting her beau talk her into trading in her Sportster in for, hold on to your hat, a 2006 Kawasaki Ninja 1400. She is 5'4" and 105 lbs. She has 3 speeds in 2 years. She says "write me a new policy." We run the quote with 4carriers, best price is $5800/year.:thumbsup:

She is having major buyers remorse about new Kaw. Dealer won't let her give it back. Of course he forgets to tell her it's a wee bit more expensive to insure than a Harely. Her insurance payments are double what her monthly payments are, maybe more.

The names have been left out to protect the stupid.

3 speeds in 2 years she's lucky that someone will even offer her ins.

 

3 speeds in 2 years she's lucky that someone will even offer her ins.

Any female who has 3 tickets in the last 2 years need lessons on how to make nice to officers. maybe it is her bad luck to be pulled over by a female cop.

 

Any female who has 3 tickets in the last 2 years need lessons on how to make nice to officers. maybe it is her bad luck to be pulled over by a female cop.

OR, maybe she needs lessons on how to make nice with OTHER DRIVERS.