Query Approved

Join politics. Maybe...

I can understand the desperation, one option is buying the bike on loan on your dad's name and presenting his salary slips etc, so in all, he will be the legal owner of the bike but you will atleast get the 390 cc under your seat.

If you want appreciation...
- Buy Gold
- Invest in mutual funds
- Learn to invest in stock market
- Buy land
- Bare minimum a flat...or...
- SIP
- PORD
- Worst case, RD in bank

And hence you want to opt for a bank loan on a motorcycle? Without an asset, you want a liability? Are you sure about that?

I don't know what you do, how much you make, but here's a simple math on where you want to be & where're you that helps to uncover the fantasy...

Cost of bike = 3 Lakhs (assume for now)
And when do you need?

1. Next month - 300000/30 = You need to make Rs 10000 a day*
2. Next 6 months = 300000/180 = Rs 1667 a day or Rs ~50010 a month*
3. Next 12 months = 300000/365 = Rs 822 a day or Rs ~24660 a month*
4. Next 18 months = 300000/545 = Rs 550 a day or Rs ~16500 a month*
5. Next 24 months = 3000000/730 = Rs 411 a day or Rs ~12330 a month*
*excluding food, commutation & any other addictions

So, the above is the reality to take closer to your dream; now start checking with yourself how much you can "actually" make a day & try to think of methods to bridge the gap

All said, remember...
- You never walked overnight
- You never spoke in a week
- You didn't learn in a month
- You never graduated in a year
Then why the urge to buy something impatiently?

well, .... its a typical dilemma we bikers face and in general everybody faces in todays world, because of easy availability of loans and higher expectations.a D200 needs a minimum downpayment of 40-50K a CBR250 needs atleast 65Ka D390 ( if priced onroad at 2.75 lakhs) will need atleast 75Ka Hyosung GT250R needs atleast 100Kso on and so forth...basically you need a little over 15% of on road price as a downpayment for smaller/cheaper bikes and for costliers bikes you need little more.now you can opt for loans from banks, but you will need all the paperwork, why is that a problem, i don't understand...?? are you a fresher who got job this month. if that is the case you must wait an year to be financially sound and also have the required documents.and in case you dont have the money required for downpayment, i suggest you postpone your dream. let me give you my own example.when i purchased my P150, i had a monthly salary of 9000 ruppes, yes, and my first job. the problem was i used to blow away all my money every month with no savings at all. so what i did was, i took a loan and for downpayment i swiped my credit card, hell of a wrong decision. i year after that i was neck deep in debt. moral of the story is dont buy a bike if you don't have the downpayment money, and even after paying for downpayment, your bank balance should not look total blank, coz you need money to eat, live, booze, GF etc, as well as riding gears, fuel, servicing. and i am not counting any emergencies, that may come, and the need to save for future. so we advise you to wait some time.Ahhhh.... i now have my sights on Hyosung GT250R..... not that i do not have the downpayment money or emi's or paperwork, but since my first bike purchase, my responsibilities have increased, i have understood the need to save for future.... etc etc.. blah blah... bullshit...yes.... i want to be a robin hood.............stealing is a good option.

2-3 years down the line and u may own a sports bike....

man are u a cA or something..???? and what's PORD

Post Office Recurring Deposit.
Thank God he didnt suggest for Kisan Vikas Patra and National Savings Certificate.
And he forgot Forex

I'm a very ordinary human being

PORD - Post Office Recurring Deposit. More here - India Post | Financial Services | POSB | Recurring Deposit Account

I did not suggest it because, KVP & NSC requires principle to be invested; it is useful for people who have cash in hand & want to safe guard while making it work. Need to think before we speak isn't it?

I would suggest to get a low end bike which is low on maintenance and which will save you money , then you can try getting your dream bike P.S : i drove splendor for 5yrs and it saved me enough money that i could pay half for my xtreme . Just my suggestion

listen up buddy,, at some point of time every1 goes through the similar phase in life,, where they have extreme desire to own their dream bike but are not financially sound enough to get it,, i am a student and even i am going through the similar phase...simply getting a bike i guess is not your dream,,there are thousand other day to day expenses like its petrol and maintainence besides ur personal exp. like mobile bills, eating out exp,gf, etc...and u dnt want to ask ur parents for ur day to day exp. to fill the tank,, to pay for the service etc...what i mean to say is until u r financially sound enough to own and maintain the bike of ur choice along with ur other exp..u won't enjoy it completely...for KTM D390 a person must have a monthly income of atleast 25-30 K(my personal opinion) to enjoy it freely..try to look at bigger picture...nd focus more on improving ur career so that u become financially stable and if u r doing the job just for getting the bike i suggest u not to do it as u r wasting ur precious time which if u utilize now effectively will give u greater rewards in future...if u are a student focus now on ur studies or do a job at a place where there are long term growth prospects....
last i wish u realize ur dream as early as possible but not at the cost of ur future....

Chill man, was kidding.
but honestly, these days, gold is not so good for short term. I guess FMCG has a good potential in the current situation.

I was not talking about which does best ROI; I was talking about creating ASSETS & I hope you agree Gold is an asset

Anytime, 100 years ago, it was Rs. 25 per 10 gram and now 30 thousands per 10 gram. Wow