1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

My Zero Mile Modern Cult Bikes...

Discussion in 'Other Bikes' started by Exige, Aug 10, 2014.

  1. No issue with you having a million bikes. As an investment, I suppose that's when it changes. Maybe they are tax deductable, I don't know.
    I used to see classic cars being brought to shows on a trailer. Never got the point.
    They use petrol, put some in and enjoy.
    Everyone has their vices
     
  2. I guess I just love bikes and my involvement has 3 facets...

    1) Riding them for the last 34 years - I have bikes I run.

    2) Building them - starting with a Z1000 which I mono-shocked and turbocharged when I was 18 and featured in Superbike Magazine in 1985, currently building a KR1000 replica from scratch - self learning tube bending and alloy tanl modelling at home while I go.

    3) More recently collecting them for retirement investment swapping from a property investment. I personally see this as a better (rightly or wrongly) yet more enjoyable way of investment for 'me'.

    I don't see an issue with any but couldn't do number 3 without number 1 & 2 so in some cases I would agree with you. In my case I don't uphold your reasoning :Happy:
     
  3. Its a risk though, all investments are. Do not invest what you can't afford to lose.
    Now if your famous and I own one of your bikes, I will make a few quid, unfortunately I need to wait until your, well let's say, in a heaven full of loved ones and a few bikes to keep you out of trouble.
     
  4. So, you wishing to turn some of that into cash?
     
  5. As they are investments then always but to be honest, I'd rather own them longer for a lesser return than ending up as a part time trader - which would potentially be more lucrative. This is where where my investment plan falls down a little I guess :( I have turned down good profit on my R1, the GSX-R750 and the ZXR750 K1 already.
     
  6. Take the profit, nothing wrong with trading. Get to own more bikes, unless a buyer comes along.
    Move up the market, maybe into more, real classic type bikes.
    Don't love an investment
     
  7. So you selling the 750?
     
  8. My bikes are targeted where I believe personally there is more potential uplift in percentage terms over the next 10 years. Many more classic bikes have climbed already, I targeted rare more recent or zero mile cult bikes where I thought they were at the bottom of any depreciation curve - just my opinion for more percentage return. Also the passion side deemed I bought what I liked.

    Don't you have a pension?
     
  9. Which 750 :)
     
  10. :)Which 750, shit I wish could have a line like that.

    I have a pension, apparently a safe pension, which every couple of years I have to put more into, otherwise, when I retire, I will not be able to feed myself.

    I hate pensions, its play money for the markets and keeps the bonuses rolling. Pensions are a con.

    Anyway, sorry gone off on a rant
     
  11. I could at this point suggest you invest in bikes ;)
     
    • Funny Funny x 1
  12. You could, but its an investment, so its a risk. Retirement is a mine field, the taxman likes retirement.
     
  13. A tax free risk :)
     
  14. Its an asset, is it not? Unregistered keeper?
     
  15. I'm thinking of capital gains. Tax on investments and earnings.
     
  16. I am the registered keeper of all but the R1, which is unregistered. A bit of a grey area but Classic Car collectors do not pay tax if the car goes up in value.
     
  17. The bikes are registered, your the keeper, not the owner. I think any sale would be taxed in retirement. Relate it to owning property. You have the deed, but still taxed on sale. The R1 is different.
     
  18. 100% sure they won't be, unless the law changes of course - any accountants on here? Mine said not.
     
  19. I usually find I am wrong :)
     
  20. Told my lovely understanding wife that we are buying bikes.
     
Do Not Sell My Personal Information