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Like I said earlier, there is no sense in trying to make sense out of an illogical purchase. In the end, we all have our own financial realities to deal with.
I placed my deposit for my 2013 CB1100 back in 2012 and picked up the very first one that arrived at my dealer. Obviously this is not a recipe for a rock bottom deal. But like Mickey, the dealer and I were able to reach a deal that we are both happy with. Others who purchased later on might have paid less, but they missed out on the riding that I was enjoying on my CB all the while. For me, it was easily worth it. For someone else, maybe not.
In my case, the CB1100 was truly a luxury purchase that many friends would consider illogical. Even though I do use it for commuting for the majority of the year, I don't consider the CB to be my primary means of transportation. Many would see this as illogical, and in some ways I'd agree, but I'd do it all over again in a heartbeat. Trading a 2013 model in for a 2014 is more of a stretch, but I do get it. As far as I'm concerned, we only get one shot at this thing called life and it's up to each of us to make the most of it as we see fit, That's going to mean different things to each of us.
I watched my dad work hard and save his money so that he could retire early, which he did. A few weeks later he was gone at the age of 52 the victim of a heart attack. That will forever impact my attitude towards topics such as this one. Saving for tomorrow is a good thing. So is enjoying today. It's up it each of us individually to determine how we want to balance those two things.
So to Mickey and all the others here who will be trading in their current CB for a new 2014 model, I wish you nothing but the best. Here's hoping that the enjoyment you get from the 2014 model exceeds your expectations and I look forward to reading all about it here in the near future!
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(02-12-2014, 04:41 AM)Guth_imp Wrote: Like I said earlier, there is no sense in trying to make sense out of an illogical purchase. In the end, we all have our own financial realities to deal with.
I placed my deposit for my 2013 CB1100 back in 2012 and picked up the very first one that arrived at my dealer. Obviously this is not a recipe for a rock bottom deal. But like Mickey, the dealer and I were able to reach a deal that we are both happy with. Others who purchased later on might have paid less, but they missed out on the riding that I was enjoying on my CB all the while. For me, it was easily worth it. For someone else, maybe not.
In my case, the CB1100 was truly a luxury purchase that many friends would consider illogical. Even though I do use it for commuting for the majority of the year, I don't consider the CB to be my primary means of transportation. Many would see this as illogical, and in some ways I'd agree, but I'd do it all over again in a heartbeat. Trading a 2013 model in for a 2014 is more of a stretch, but I do get it. As far as I'm concerned, we only get one shot at this thing called life and it's up to each of us to make the most of it as we see fit, That's going to mean different things to each of us.
I watched my dad work hard and save his money so that he could retire early, which he did. A few weeks later he was gone at the age of 52 the victim of a heart attack. That will forever impact my attitude towards topics such as this one. Saving for tomorrow is a good thing. So is enjoying today. It's up it each of us individually to determine how we want to balance those two things.
So to Mickey and all the others here who will be trading in their current CB for a new 2014 model, I wish you nothing but the best. Here's hoping that the enjoyment you get from the 2014 model exceeds your expectations and I look forward to reading all about it here in the near future!
Sent from my iPhone using [url=http://tapatalk.com/m?id=1]Tapatalk I don't say Ferret's deal was illogical; in his case, he's given enough background on his life story where anyone can plainly see the man can afford to make any kind of decision he wants. It's unlikely he's gonna lose his home or a moment's sleep over it, unless it's in excited anticipation of picking up the new scoot. The man is no dummy.
However, the issue of new bike fever is real and, for most folks, tossing away thousands just for a different color, another 25 miles between pee breaks, and few more LCD displays is not gonna be a good deal. So I'm sayin' it.
That's a bum deal on your dad. I didn't really have one so I won't say I know how you felt about it. I'd also say that not everyone who works hard and retires early is gonna have that kind of catastrophic health event. Most people, in fact, won't, and while this certainly is not a financial advice forum, we do have a bit of crisis in this country where folks seem to want it all, and want it now. Just take a look at how much more employees have to pay into their health care and retirement plans, if they even have one at all.
It's a money vs. emotion issue for most people.
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Bikes are fun and expensive. I've had 33 and have lost a small fortune over the years. Next is a new BMW RT for some long hauls. I love it  and nobody really NEEDS a motorcycle.......they are just for enjoyment.
With my health issues I really don't plan on doing to much past retirement age.
So just enjoy what you can while you can.
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(02-12-2014, 04:54 AM)Ack-CB11_imp Wrote: Bikes are fun and expensive. I've had 33 and have lost a small fortune over the years. Next is a new BMW RT for some long hauls. I love it and nobody really NEEDS a motorcycle.......they are just for enjoyment.
With my health issues I really don't plan on doing to much past retirement age.
So just enjoy what you can while you can. I always keep in mind what Ferret said; it was worth the 3 grand to ride the bike 7,000 miles. I've had over 50 bikes myself; I paid attention to my finances as well as my riding skills and fortunately, I'm now retired and do have several new machines in the garage along with a few road bicycles. You can't always get what you want, but sometimes you get what you need. 
I was just doing some quick math; 750,000 miles of riding, 50 bikes, I've got about 15K miles average on each machine. Average that at $6K per bike, I spent $300,000 in about 30 years. That's 10 grand a year to have ridden all those years. Figure in insurance, tires, and so on, maybe $15K a year on average. That's not much for a hobby that probably borders on, or becomes, an obsession.
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oops, did a double reply?
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(02-12-2014, 04:59 AM)Red Mist_imp Wrote: (02-12-2014, 04:54 AM)Ack-CB11_imp Wrote: Bikes are fun and expensive. I've had 33 and have lost a small fortune over the years. Next is a new BMW RT for some long hauls. I love it and nobody really NEEDS a motorcycle.......they are just for enjoyment.
With my health issues I really don't plan on doing to much past retirement age.
So just enjoy what you can while you can. I always keep in mind what Ferret said; it was worth the 3 grand to ride the bike 7,000 miles. I've had over 50 bikes myself; I paid attention to my finances as well as my riding skills and fortunately, I'm now retired and do have several new machines in the garage along with a few road bicycles. You can't always get what you want, but sometimes you get what you need.
I was just doing some quick math; 750,000 miles of riding, 50 bikes, I've got about 15K miles average on each machine. Average that at $6K per bike, I spent $300,000 in about 30 years. That's 10 grand a year to have ridden all those years. Figure in insurance, tires, and so on, maybe $15K a year on average. That's not much for a hobby that probably borders on, or becomes, an obsession.
Wow, my best was 8500 miles over 2 years on one of my 33. The RT will change all that, this damn island doesn't help much for miles............
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Okay, I think we've unfortunately stumbled onto something here:
No future discussions about; politics, religion, abortion, or the need to justify a new bike purchase!
Enjoy your new ride when it gets here Ferret.
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People throw away all kinds of $$ on toys daily, I don't need to justify how I throw mine away, I made it 64 yrs so far and I'm certain I won't take it with me.
Ferret, I wouldn't blame you of you went back and deleted 1/2 this thread.
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I can't wait till you get it and are able to provide a stellar report on the bike. Keenly interested on the bits, after riding, don't impress you as much as you thought, the bits that did impress you and you didn't even think that was an issue and the over all assesment of the bike compared to the first generation (2013).
And thank you for being the first sucker, I mean first adaptor of the new machine.
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(02-11-2014, 11:41 PM)The ferret_imp Wrote: Couple of points.. I know I do not have to justify my purchases to anyone, but lest someone thinks I'm rich, which I'm not, I'd like to explain how I justify ( in my own mind) this bit of seemingly extravagance...
I generally do not buy new bikes. I buy used. I buy them right and sell them right. The ST is the only new bike (besides the CBs ) that I have bought new in a bunch of years, and I bought it as a left over saving $6000 off list price in the process.
I sold 2 of my bikes to buy the 2013 CB. A Yamaha FZ-1 that I had paid $3000 for, rode for 4 1/2 years and sold for $2850 ($150 for 4 1/2 years isnt bad eh?) and my 750 Nighthawk that I paid $3000 for, kept for 5 years and sold for $2100. (not as good as the FZ but $900 for 5 years is less than $200 a year). That gave me nearly $5000 towards my 2013 CB.
I also bought my 2013 CB 1100 right. Not as right as some of the prices I have read, but I was really pleased with the deal. I walked in with a pre-written check for the amount I was willing to pay for the CB, and they accepted it. Yes, there will be depreciation, but not as bad as one would think.
I really like the look of the new Deluxe and had I known it was coming would not have bought a 13 and therefore would not have lost a penny in depreciation (although I loved my 13 and put more mileage on it last year than all the other bikes in my garage combined).
I had a Majesty scooter sitting around I wasn't riding much. I bought it used for $3000 to ride with my wife on her Majesty scooter. She didn't ride hers at all last year due to a hip replacement and barely rode it the year before..and not much the year before that either. I asked myself, would I rather have the scooter sitting there barely being used, or use the value in it to get what I really wanted which was the Deluxe? In the end it cost me $500 to own the scooter for 3 years.
Running the numbers is too complicated to figure out what I've really got invested in this new 2014. Whole lot of wrangling and dealing on 5 different motorcycles to get where I am today. There will also be some additional savings by not having to insure and maintain so many motorcycles. There will also be more room in the garage by dropping from 4 motorcycles in the stable to 2 for me and 1 for my wife which may get sold as well if she isn't going to ride it, although it's hers and I will let her make that decision.
Regardless, there are those on this forum who have spent way more modifying their 2013 motorcycles to suit them, either cosmetically, or with motor and/or suspension upgrades, than I figure I'll have in a motorcycle I won't modify at all. Pick your poison, to each his own. If you like what you've got, I'm thrilled for you, that's what it's all about, and that's all that matters.
Don't expect that I will buy another new motorcycle in my lifetime. I turn 64 in May, and hope to be able to ride until I'm 70. Any more will be icing on the cake. Family history says I won't make it many more years after that. At this point hoping my mind and body give me that much at least. My ST and the CB should outlast me I would think. If so I am set for life on motorcycles now.
The CB 1100 whether 2013 or 2014 std or 2014 Deluxe is a special motorcycle, one which caused me to abandon my usual practice of buying used, and as my wife said " opened my wallet and let some of the moths escape". (we are actually rather frugal in our family.. the family joke is "copper wire was invented by my dad and my brother fighting over a penny") .
End of story, thanks for listening! I'll be here all week, be sure and tip your waitress.
admit it mr Ferret - you do have a little guilt trading for a new motorcycle that look like your own with with a 6th gear at $6K+ cost. don't feel guilty, please yourself before you are getting too old to enjoy anything.
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