<prompt> Human: I was looking to buy a 7000 motorcycle and a geico quote told me insurance is 44 a month if I own it. But it costs 150 a month if I finance it. I was thinking of just getting a personal loan from my bank and then paying the dealer the 7000 in cash. So technically, I own it, and I have the title, but then I pay the bank back instead of financing it with he dealer. Is there a flaw in that? Wont i still only pay 44 a month? Assistant: Higher interest rate for a personal loan?Human: I doubt it, its 3.5 Im not sure what the dealers loan interest rate is, but it cant be better than saving 100 a month from insurance Assistant: How are you getting a 3.5 personal loan?Thats lower than s lot of helocs. Human: A personal loan is actually 7.65 but if I get one specific for motorcycles, its 2.24, but I think if I get one of those loans, Ill have to tell geico Im financing it.  <response>: If you get one specific for motorcycles the bank takes the title as collateral, hence the lower rate, and they will most likely require you to have comprehensive insurance. 