own toys during the flat spot along the dep curve
Agree. Pay cash for toys. (I'm a bank consultant/consumer finance).
But rates are low these days...so for some financing the purchase could make sense on a used bike that has hit the flat spot along the depreciation curve.
In 2008 I purchased (cash) an '06 Cayman S (orig MSRP $69k) for $44k. I sold it in 2012 for $34k. My cost to own over 4 years was $10k or $208/month. I buy all my cars/boats/toys this way. Particularly specialty cars. Buy them after the initial hit - keep it 3-5 years - sell it. Cost to own is same as a Camry. They key is to know the depreciation curve for each item and try to own it during the "flat spot" along the depreciation curve. If one were to pursue this strategy with leverage - the interest charges add to the cost of ownership.