Saving for a used spyder

[Mkamzng1]

I may get a few laughs at my expense, but I really don't care.

I just wanted to ask if anyone has any tips on saving up money for a used Spyder. I am currently employed and I wanted to know how much anyone else put to the side in their saving process. Thank you.

 

[Bob Denman]

:welcome:
First: what do you plan to spend on your used Spyder?
Have you narrowed down a potential field of candidates yet?
As far as tips on saving money: you should talk to my Missus... nojoke
If I've got two nickels in my pocket; I've already spent twenty-seven cents of it! :shocked:

 

[Bob Denman]

...after keeping a small portion for your efforts; I presume...

 

[Bob Denman]

My only advice for saving, is spend less than you make!
What can you cut out or remove, from your Monthly budget right now?
How about shopping smarter at the grocery store?
(less pre-packaged stuff, and more store brand items)
Can you drive less? Take advantage of each trip for as many chores as possible?
What sort of TV/internet/phone service are you paying for? Do you need ALL of it?
If you have a mortgage; are you in a position to re-finance it? What interest rate are you paying right now?

(I talked to the Missus: she approved this post! :thumbup

 

[Explorer]

Most things in life are wants, not needs. If you want a Spyder more than other wants, you can save a lot quickly. I would recommend waiting until you have saved the full price before you buy, if at all possible. Vehicle loans will keep you poor all your life.
Good Luck,
Roger

 

[happyspyder2039]

I may get a few laughs at my expense, but I really don't care.

I just wanted to ask if anyone has any tips on saving up money for a used Spyder. I am currently employed and I wanted to know how much anyone else put to the side in their saving process. Thank you.

All of my Spyder/trailer purchases needed no down payments. My payments were 150 - 315.

 

[IdahoMtnSpyder]

Send all your extra money to me. I will invest it and give you at least a 40% return on your money.

...after keeping a small portion for your efforts; I presume...

I think his investment strategy coincides with mine when I buy lottery tickets. The last time I did I had a 17% return. For every 100 cents I paid for a lottery ticket, I got back 17 cents! That is 17 cents, as in NOT 117 cents! :lecturef_smilie:

If OP sends his money to AK he is sure to get back at least 40% of it! :roflblack:

 

[IdahoMtnSpyder]

I just wanted to ask if anyone has any tips on saving up money for a used Spyder.

Yeah, don't spend it! :roflblack: :roflblack: :roflblack:

 

[Rockwall]

buy a pig.

 

[Mkamzng1]

All of my Spyder/trailer purchases needed no down payments. My payments were 150 - 315.

How did you pull that off?

 

[4 MARIE]

[]buy a pig.[/QUOTE]

and I will sell you a poke.

 

[Motorcycledave]

Contact your local CREDIT UNION not a bank.... they will help you

I may get a few laughs at my expense, but I really don't care.

I just wanted to ask if anyone has any tips on saving up money for a used Spyder. I am currently employed and I wanted to know how much anyone else put to the side in their saving process. Thank you.

 

[MRH]

Laughs?

For deciding to save up instead of taking a loan?

In my book, that deserves respect.

Others suggest finding a way to finance it, and that's their view, but I like your approach better.

The cost can vary a lot, depending on which model and year you choose. $10K-$30K, is a large range. You can do a lot for $20K, and that might be a good goal. You've got time to test drive when BRP is in your area (if they are) and spending time here will give you a lot of insight into which way to go.

The best advice I have is to set up an account that's hard to pull money from, and dump as much there as you possibly can. You'll have some expenses right after the purchase (we all want or need some extras, and there might be a maintenance issue on a used Spyder), so add at least $1000 for those. I'd suggest getting a warranty from either BRP or Western if you can, it may keep a large issue from breaking you if something goes wrong. Most warranties aren't good investments, but I think that these and Applecare are both well worth the cost.

 

[Darren111]

I may get a few laughs at my expense, but I really don't care.

I just wanted to ask if anyone has any tips on saving up money for a used Spyder. I am currently employed and I wanted to know how much anyone else put to the side in their saving process. Thank you.

Hi there,
This is not the best way to go but each to their own. I am putting in a big deposit and will be using vehicle finance. Everybody knows I am wanting to buy the F3 and I am going to try avoiding buying brand new and buy a used demonstrator with discount. If I do go down the buying new route I will wait for the discounts.
I admire you for saving up and if we all did this and not borrowed wouldn't the banks/finance houses lose out on business?:dontknow:

 

[loisk]

a tip

Okay here's a tip from my daughter - she keeps a written record of everything she spends - day to day stuff - so she can track where the $ are going.
The big things, she's OK with, but recording take-away food, petrol, etc etc has allowed her to streamline lots of stuff and manage to save without changing her life or missing out on anything.
Hope this helps.
Bottom line - track where your money is going for, say a month (rent, food, etc), the 'extras' will show up and you can then decide how much you have left-over and how much extra you can put aside.
Then, as another post said, tuck those $ in a separate account.

 

[Bfromla]

Can try talk them down

http://newjersey.craigslist.org/mcy/5153175813.html & going used make sure they fill up the tank(with gas):roflblack:cuz your doing them a favor:2thumbs: trick my dad taught me bout saving(as hard as it is) "Dont buy what you want till after u have a balance totaling atleast 3months pay. On top of what ever the cost is. If u only save enough for what you want , you will only suceed in buying it, wont keep it long enough to enjoy it otherwise." WISE beyond his years!

 

[wyliec]

Okay here's a tip from my daughter - she keeps a written record of everything she spends - day to day stuff - so she can track where the $ are going.
The big things, she's OK with, but recording take-away food, petrol, etc etc has allowed her to streamline lots of stuff and manage to save without changing her life or missing out on anything.
Hope this helps.
Bottom line - track where your money is going for, say a month (rent, food, etc), the 'extras' will show up and you can then decide how much you have left-over and how much extra you can put aside.
Then, as another post said, tuck those $ in a separate account.

That is an excellent idea. I used to do that.

 

[Bob Denman]

Laughs?

For deciding to save up instead of taking a loan?

In my book, that deserves respect.

Others suggest finding a way to finance it, and that's their view, but I like your approach better.

The cost can vary a lot, depending on which model and year you choose. $10K-$30K, is a large range. You can do a lot for $20K, and that might be a good goal. You've got time to test drive when BRP is in your area (if they are) and spending time here will give you a lot of insight into which way to go.

The best advice I have is to set up an account that's hard to pull money from, and dump as much there as you possibly can. You'll have some expenses right after the purchase (we all want or need some extras, and there might be a maintenance issue on a used Spyder), so add at least $1000 for those. I'd suggest getting a warranty from either BRP or Western if you can, it may keep a large issue from breaking you if something goes wrong. Most warranties aren't good investments, but I think that these and Applecare are both well worth the cost.

:agree: :clap:
Thanks for taking a serious approach to a serious question! :thumbup:

 

[Vader]

What I did

I did not want to use any "house money", meaning money my wife and I saved. So I began a quest. I sold my 1990 Jeep Wrangler (purchased for 1500, sold for 2700) as a starting point. I then listed items on Craigslist and ebay. Some I got super cheap and sold for a nice profit. Some I picked up on junk day (curb side shopping) and did real well selling.
Not having ever rode a Spyder, I decided I wanted the GS or RS model. And started looking for one.
Found one..looked at it..and shook hands. A 2008 GS with 2,400 miles for $8,000. Paid for by stuff I sold.

 

[bobgeorge]

Pay yourself 10-20% of your income off the top. The money can add up fast.