I am trying to get a 2007 Kawasaki ZX-6R. I got denied for the kawasaki card, but they said I could probably get approved threw a bank or another lender. But that way I would need to get insurance, is there anyway of getting a loan without having to put insurance on the bike. I live in the state of florida if that helps.

 

  • Insuranceman 4:00 am on February 15, 2010

    If you can’t qualify for Kawasaki’s card, you probably can’t afford the bike – so, pay cash for it and drive it "off road."

    That way, you don’t HAVE TO HAVE insurance – and you become "self insured." Some States will allow you to post a bond in lieu of insurance – but, here again, if you can’t qualify for the Kawasaki card, you don’t have any money.

    Maybe you need to hang out on South Beach and raise some funds first or find yourself a rich life partner.

  • newjerseyguy 4:00 am on February 15, 2010

    Would you lend money to someone to drive around without insurance?

  • iwingameover 4:00 am on February 15, 2010

    A loan without the bike as collateral. A home equity loan, a loan shark, or however you come up with it. You’ll still need liability most likely.

  • drivelikejoewho 4:00 am on February 15, 2010

    I’ll just confirm what has already been said. Who in their right mind would loan money to somebody without some sort of collateral? If the bike is collateral, which is more than likely the case, then the finance company wants their interest in their property protected.

    On top of that, why would you want to be driving around without insurance? If somebody hit you on the bike and didn’t have insurance you’d be out all the money you borrowed. And likewise, if you hit somebody and caused damage to their vehicle, you would be liable for the damages.

    It’s not a very smart decision to drive a vehicle or bike without liability insurance at the least and is illegal in most, if not all states. And if a piece of property is financed, whether it is a car, bike or anything else of significant value, you should probably have it insured regardless if it’s a requirement of the lienholder.

  • mbrcatz17 4:00 am on February 15, 2010

    Yep, let them put a second mortage on your house for it.

    OR, have someone else cosign for the bike.

    You have to GUARANTEE the loan somehow. If you don’t use the bike to guarantee the loan, you don’t need to put collision or theft on it. So . . . cash in your 401K. Or mortgage your house. And if you don’t have a house or a 401K, you can’t afford this bike.

  • INS CSR-L.A. County 4:00 am on February 15, 2010

    Use a car. Or use a bus. Then you don’t have to worry about "getting around" it.

  • Bilinda G 4:00 am on February 15, 2010

    They want let you off the lot without proof of insurance. If you cancel insurance after leaving the lot they will contact the DMV and then they could suspend your license.