[Question] is it worth to finance a second bike, having a debt on the first one?
I'm still paying off my first motorcycle and have 17 months of payments left. Now I want the Transalp 750 and can pay for it in 12 installments. I can afford both motorcycles. But it will be a bit of a struggle to pay for them, and I'll still have about $350 (I live in a cheap country) to spend freely after paying all my monthly bills.
My reasoning is that the time I've had won't come back, and since I'm still young, I can live for a year or so on a small budget to seize the moment and get the motorcycle I want.
In the worst-case scenario, I can sell both motorcycles and it won't be a problem, since I only use them for the pure pleasure of commuting to work and more.
So, should I finance the other motorcycle and have two debts?
Should I sell my first motorcycle to pay off my first debt and use the extra money to finance the Transalp?
Or should I pay off my first debt in installments and then, after 17 months, buy the Transalp?
I would like to receive advice from people who have been in a similar situation.