|
25 Nov 2008
|
Registered Users
New on the HUBB
|
|
Join Date: Feb 2008
Posts: 8
|
|
RTW Bike Ownership/Financing Question
I've been planning my trip/budget on the assumption that whatever bike I take will have to be entirely mine, i.e. fully paid off.
Perhaps I'm wrong about this. If I were to purchase a bike from a dealer and finance it, can I take it abroad?
As long as it is insured, would the bank care? Would the dealer? Would I encounter a problem at borders with a title that showed a bank lien on the bike?
Thanks in advance for answering what I rather suspect is a foolish question.
|
25 Nov 2008
|
|
Registered Users
Veteran HUBBer
|
|
Join Date: Nov 2005
Posts: 1,187
|
|
First off, don't buy an expensive bike to go RTW. For around £1,500-3,000 you'll get a good big single. If you're going somewhere you need a Carnet, the cheaper the bike, the cheaper the Carnet will be. Most folk only get 3rd party insurance if they really have to, I don't remember ever having theft insurance for my bikes. Fair enough, if you're just going round Europe or whatever, your own insurance should cover you for most places.
|
26 Nov 2008
|
Contributing Member
Veteran HUBBer
|
|
Join Date: Jul 2002
Location: Sydney, NSW, Australia
Posts: 1,362
|
|
You will find geting full comprehensive insurance in other countries for a bike reistered elsewhere and riden by someone licenced elsewhere difficult to impossible ... and very expensive...
The finance people also will not be happy with the bike going overseas - their rates are for 'noraml' people and 'normal' use...
__________________
---
Regards Frank Warner
motorcycles BMW R80 G/S 1981, BMW K11LT 1993, BMW K75 G/S
|
26 Nov 2008
|
Registered Users
New on the HUBB
|
|
Join Date: Feb 2008
Posts: 8
|
|
thanks for the input. to be honest, i hadn't planned to spend much. i got a bit side-tracked when i saw the new bmw 800 gs, but it's not just out of my price range, it's 4 times my price range! so i'm back to reality.
|
26 Nov 2008
|
Registered Users
HUBB regular
|
|
Join Date: Oct 2008
Location: London
Posts: 64
|
|
You should look at getting a bank guarantee for your carnet bond. It's by far the cheapest way to finance your carnet.
|
26 Nov 2008
|
|
Registered Users
Veteran HUBBer
|
|
Join Date: Jul 2002
Location: London, England
Posts: 183
|
|
I am not encouraging anyone to spend to much on a bike for an RTW, as the cheaper the better in relations to Carnets, image on the road, part avail etc etc
However, if you did buy a bike on finance the V5 is still in your name, as you are the registered keeper, and that what is required in terms of bike paperwork... isnt it? or have i missed something?
Also, if you just took out an independant loan for the bike then that would have no connection with the machine at all and so therefore, the bike is yours to all intents and purposes, surely?
Having said all this, i would go for the new Tenere over the BMW anyway, and i say that as i am in the process of fitting out my 800GS! great bike, but expensive to fit out and a little fragile i now suspect.
Best of luck whatever you decide.
__________________
Will
Some day so soon....
|
26 Nov 2008
|
Registered Users
Veteran HUBBer
|
|
Join Date: Oct 2008
Location: kuala lumpur, Malaysia
Posts: 138
|
|
Hi! I am new myself about choosing the bike for RTW. After reading from so many threads from this forum I have decided to sell my BMW RS and opted for KLR 650 for my intended RTW. Reason? Simple. Its cheap, easy to maintain, good mileage per litre and carry lots of load too.
Safe Ride. Amzah
|
Currently Active Users Viewing This Thread: 1 (0 Registered Users and/or Members and 1 guests)
|
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
Check the RAW segments; Grant, your HU host is on every month!
Episodes below to listen to while you, err, pretend to do something or other...
2020 Edition of Chris Scott's Adventure Motorcycling Handbook.
"Ultimate global guide for red-blooded bikers planning overseas exploration. Covers choice & preparation of best bike, shipping overseas, baggage design, riding techniques, travel health, visas, documentation, safety and useful addresses." Recommended. (Grant)
Ripcord Rescue Travel Insurance™ combines into a single integrated program the best evacuation and rescue with the premier travel insurance coverages designed for adventurers.
Led by special operations veterans, Stanford Medicine affiliated physicians, paramedics and other travel experts, Ripcord is perfect for adventure seekers, climbers, skiers, sports enthusiasts, hunters, international travelers, humanitarian efforts, expeditions and more.
Ripcord travel protection is now available for ALL nationalities, and travel is covered on motorcycles of all sizes!
What others say about HU...
"This site is the BIBLE for international bike travelers." Greg, Australia
"Thank you! The web site, The travels, The insight, The inspiration, Everything, just thanks." Colin, UK
"My friend and I are planning a trip from Singapore to England... We found (the HU) site invaluable as an aid to planning and have based a lot of our purchases (bikes, riding gear, etc.) on what we have learned from this site." Phil, Australia
"I for one always had an adventurous spirit, but you and Susan lit the fire for my trip and I'll be forever grateful for what you two do to inspire others to just do it." Brent, USA
"Your website is a mecca of valuable information and the (video) series is informative, entertaining, and inspiring!" Jennifer, Canada
"Your worldwide organisation and events are the Go To places to for all serious touring and aspiring touring bikers." Trevor, South Africa
"This is the answer to all my questions." Haydn, Australia
"Keep going the excellent work you are doing for Horizons Unlimited - I love it!" Thomas, Germany
Lots more comments here!
Diaries of a compulsive traveller
by Graham Field
Book, eBook, Audiobook
"A compelling, honest, inspiring and entertaining writing style with a built-in feel-good factor" Get them NOW from the authors' website and Amazon.com, Amazon.ca, Amazon.co.uk.
Back Road Map Books and Backroad GPS Maps for all of Canada - a must have!
New to Horizons Unlimited?
New to motorcycle travelling? New to the HU site? Confused? Too many options? It's really very simple - just 4 easy steps!
Horizons Unlimited was founded in 1997 by Grant and Susan Johnson following their journey around the world on a BMW R80G/S.
Read more about Grant & Susan's story
Membership - help keep us going!
Horizons Unlimited is not a big multi-national company, just two people who love motorcycle travel and have grown what started as a hobby in 1997 into a full time job (usually 8-10 hours per day and 7 days a week) and a labour of love. To keep it going and a roof over our heads, we run events all over the world with the help of volunteers; we sell inspirational and informative DVDs; we have a few selected advertisers; and we make a small amount from memberships.
You don't have to be a Member to come to an HU meeting, access the website, or ask questions on the HUBB. What you get for your membership contribution is our sincere gratitude, good karma and knowing that you're helping to keep the motorcycle travel dream alive. Contributing Members and Gold Members do get additional features on the HUBB. Here's a list of all the Member benefits on the HUBB.
|
|
|