Article by James Gwingle
In general the longer real estate you finance for the more likely you are to search for yourself “upside down”. The motorcycle industry isn’t a stranger to this in the process and recently when using the motorcycle finance vendors offering loans that extend payments out so far as 72 months drastically just getting more intense. This is all the more common with motorcycles that depreciate rapidly.
Just as having automotive loans once you extend the funds out over over three years you start to put yourself in times where your debt exceeds the worthiness of your sport bike. This is especially true if you can not put money down or maybe worse if you trade within the bike that you still owe with.