tl;dr
I need smart opinions on whether or not I should get a $2-3k loan for 2 months before I go into the Military for a motorcycle. Once I'm in the Military I'll be making $1758 a month.
Okay, so here is the deal. I leave in 2 months for the Army, but I live everyday as if it was my last, so I tend to do things for the moment which CAN be bad. BUT. I've been wanting a Honda CBR 600 RR for the longest time, ever since I had my first dirtbike at like age 11. I'm 18 now.
Okay, the PLAN.
I want to ask my bank for a $2-3k auto loan for the bike I want. I'll pay the loan out in 3 years. So that's about $60-80 a month. As of right now I make $160 a month for just sweeping up my dads shop, so I can start paying before I leave for the Military. Once I get in the Army, I'll be making roughly $1758 a month. So then I'll start advance paying my loan out.
The reason I would get a 2k loan is because I'd put a $800-$1000 downpayment on the bike, then use the rest to pay monthly until I leave for the Military, as well as some cheap insurance as well just to last me until I leave. Once I leave, I'll get my bank set up to where it automatically pay's the bills of my bike for me.
That's just a rough draft of me thinking. I really need honest and smart opinions about this.
I am 18 years old with a contract for the Military, so I think it would be easy for me to get a loan, as kids get bigger loans than that for College and people in their 40's are still trying to pay it. But I'd only be asking for $2-3k to last me until I leave for the Military.
Okay, anyone want to give me feedback?
Oh, and this is the sexy beast I would want to get.
Something very similar to that
I need smart opinions on whether or not I should get a $2-3k loan for 2 months before I go into the Military for a motorcycle. Once I'm in the Military I'll be making $1758 a month.
Okay, so here is the deal. I leave in 2 months for the Army, but I live everyday as if it was my last, so I tend to do things for the moment which CAN be bad. BUT. I've been wanting a Honda CBR 600 RR for the longest time, ever since I had my first dirtbike at like age 11. I'm 18 now.
Okay, the PLAN.
I want to ask my bank for a $2-3k auto loan for the bike I want. I'll pay the loan out in 3 years. So that's about $60-80 a month. As of right now I make $160 a month for just sweeping up my dads shop, so I can start paying before I leave for the Military. Once I get in the Army, I'll be making roughly $1758 a month. So then I'll start advance paying my loan out.
The reason I would get a 2k loan is because I'd put a $800-$1000 downpayment on the bike, then use the rest to pay monthly until I leave for the Military, as well as some cheap insurance as well just to last me until I leave. Once I leave, I'll get my bank set up to where it automatically pay's the bills of my bike for me.
That's just a rough draft of me thinking. I really need honest and smart opinions about this.
I am 18 years old with a contract for the Military, so I think it would be easy for me to get a loan, as kids get bigger loans than that for College and people in their 40's are still trying to pay it. But I'd only be asking for $2-3k to last me until I leave for the Military.
Okay, anyone want to give me feedback?
Oh, and this is the sexy beast I would want to get.
Something very similar to that
