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When you decide the time has come to finally fulfill your dream and finance a motorcycle, you need to realize that there is much more to purchasing a motorcycle than the purchase price. You must purchase safety equipment such as a helmet and protective gear. You will need insurance for the motorcycle just like you would for any other vehicle. You may be able to get a discount on your insurance if you take a motorcycle safety course, but these courses cost money too. You will also have to pay for any registration, taxes, and titling fees for your new motorcycle. In most cases, these additional costs cannot be rolled into your motorcycle loan, so you should have the money available to pay for these expenses out of your own pocket. You will want to consider all the additional costs associated with buying your motorcycle to make sure that you have the money necessary to enjoy your bike – and afford to keep it.
|Jennifer Mathes, Ph.D.|