Re: insurance question... Just liability
I believe if you finance it you will require comprehensive and all perils. Not sure where the cut-off exists betweeen down payment $$ and finance amount though. I'm thinking of getting a new litre bike from a 2001 750 and my insurance on the 750 is $359 a year with full coverage. I did an online quote and with the same company they want $860 a year full coverage for the 2005 GSXR-1000. Not too bad I suppose but a good deal higher than the 750. It would suck donkey balls to not have good insurance and total it or have it stolen on such an expensive item. I considered just liability but for me I'll probably go full coverage until the depreciation value drops to some value that is close to where you could part the bike out if totalled and not lose a pile of money. There is no way I'd consider not having fire/theft on a new bike and mine is always in an alarmed garage and I only drive it and return it without it ever out of my sight. You are taking your chances with just liability on a bike that is worth more than $4000 IMHO. Alot depends on just how pricey the premium is however, I've heard guys quoting some ridiculous amounts for coverage so then if I had good financial income I might consider just liability because what you save could be used to fix the damn bike if the unfortunate happens. My rates are pretty good because I'm an old fugger(almost 40) with a clean record so I'm guessing if I was young(19-24) I'd be looking for used 600cc and 750cc and just liability until I got some years and experience(not that I'm all that) but that is how the insurance companies look at it unfortunately. Good luck, it seems Ont is very expensive for bike insurance these days.