Insuring a street bike?

scottIN · 03-09-2016, 11:09 AM

Only thing dumber than co signing for a loan is co signing for a loan for a family member. Things WILL go south. The fact that he needs a co signer indicates that in the past, things have gone south for him.

Go pick up a Dave Ramsey book. I wish at your age I had known all of the things I know now that I've learned from him.

vrizzo53 · 03-09-2016, 12:26 PM

Thanks for all the input I read every single post and took everyone one in our account, like I said I'm not longer insuring him. I will still co sign the loan, he can't sign for it himself because his credit isn't established now a days you need a cosigner to even get a foot in the door... I'm not worried about him skipping... he has money that he inherits I'm not worried one bit about him skipping on the payments...he will have it paid off in a few months... he just got a SC on his 300srt Chrysler so that's why he needs a loan for this. He should have it paid off with in 5 months. Thank you all again God bless. Again I appreciate all the information and input from each and everyone of you

JARblue · 03-09-2016, 04:30 PM

Quote:

Originally Posted by vrizzo53

I will still co sign the loan, he can't sign for it himself because his credit isn't established now a days you need a cosigner to even get a foot in the door... I'm not worried about him skipping... he has money that he inherits.

Check that the payment is made by the due date of every month and pay it if it is not already. This will save your credit in case something happens and your cousin flakes.

Rusty · 03-09-2016, 05:43 PM

The other thing is if he is late on making payments. That goes against your credit rating.

vrizzo53 · 03-09-2016, 10:57 PM

Quote:

Originally Posted by JARblue

Check that the payment is made by the due date of every month and pay it if it is not already. This will save your credit in case something happens and your cousin flakes.

Yeah that's all, I'm going to do exactly that hopefully I can monitor it online if not I have no problems calling once a month.

Chuck33079 · 03-09-2016, 12:29 PM

Well, good luck with that. See you on Judge Judy.

Chuck33079 · 03-09-2016, 01:18 PM

Seriously, what's wrong with waiting 5 months and doing the deal then so he doesn't need a cosigner?

ajm216 · 03-09-2016, 03:17 PM

Check out Motorcycle Insurance: Rider Insurance, Motorcycle Insurance for New Jersey, Ohio, Pennsylvania, West Virginia, Indiana, Maryland, Delaware, Virginia, Michigan prices..

03-09-2016, 11:09 AM	#1 (permalink)
scottIN Track Member Join Date: Aug 2011 Location: New Castle, Indiana Posts: 764 Drives: '12 370Z Rep Power: 55	Only thing dumber than co signing for a loan is co signing for a loan for a family member. Things WILL go south. The fact that he needs a co signer indicates that in the past, things have gone south for him. Go pick up a Dave Ramsey book. I wish at your age I had known all of the things I know now that I've learned from him. Chuck33079, wanker, MagmaRed370z and 1 others like this.

03-09-2016, 05:43 PM	#4 (permalink)
Rusty Ronin Samurai - Assassin Join Date: Dec 2011 Location: Fayettenam,Pennsyltucky Age: 68 Posts: 35,321 Drives: 2011 Nismo GM 6M Rep Power: 2684438	The other thing is if he is late on making payments. That goes against your credit rating. __________________ 浪人 - 殺し屋 "The Difficult Anytime, The Impossible By Appointment Only" http://www.the370z.com/members-370z-...o-journal.html

03-09-2016, 12:29 PM	#6 (permalink)
Chuck33079 A True Z Fanatic Join Date: Nov 2011 Location: Houston Posts: 12,265 Drives: 2011 370ztt Rep Power: 29539	Well, good luck with that. See you on Judge Judy. mishuko likes this. __________________ 2011 MB Touring-Sport-6sp-Nav/GTM TT/FI TT TDX/JTran/Kosmic/Eibach/Hotchkis/SPC/CSF/RPS/SoThatsWhereAllMyMoneyWent

03-09-2016, 01:18 PM	#7 (permalink)
Chuck33079 A True Z Fanatic Join Date: Nov 2011 Location: Houston Posts: 12,265 Drives: 2011 370ztt Rep Power: 29539	Seriously, what's wrong with waiting 5 months and doing the deal then so he doesn't need a cosigner? __________________ 2011 MB Touring-Sport-6sp-Nav/GTM TT/FI TT TDX/JTran/Kosmic/Eibach/Hotchkis/SPC/CSF/RPS/SoThatsWhereAllMyMoneyWent

03-09-2016, 03:17 PM	#8 (permalink)
ajm216 Base Member Join Date: Sep 2013 Location: MD Age: 58 Posts: 76 Drives: 2014 370z Silver 6MT Rep Power: 16	Check out Motorcycle Insurance: Rider Insurance, Motorcycle Insurance for New Jersey, Ohio, Pennsylvania, West Virginia, Indiana, Maryland, Delaware, Virginia, Michigan prices.. __________________ 2014 370z with Sport Package Brilliant Sliver 2006 Brilliant Silver G35 6MT Coupe Sport / The infamous Oil Consumption defect ended our love affair

03-09-2016, 12:26 PM	#2 (permalink)
vrizzo53 Base Member Join Date: Sep 2015 Location: Jersey Posts: 70 Drives: 2013 370z Touring Rep Power: 10	Thanks for all the input I read every single post and took everyone one in our account, like I said I'm not longer insuring him. I will still co sign the loan, he can't sign for it himself because his credit isn't established now a days you need a cosigner to even get a foot in the door... I'm not worried about him skipping... he has money that he inherits I'm not worried one bit about him skipping on the payments...he will have it paid off in a few months... he just got a SC on his 300srt Chrysler so that's why he needs a loan for this. He should have it paid off with in 5 months. Thank you all again God bless. Again I appreciate all the information and input from each and everyone of you

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