yo, I was in your same spot last year brotha.. so let me break it down for ya!

My last sportbike (06 Kawasaki 650R) was in my dads name, and we sold it when I moved in 06..

So I was saving most of 06 and some of 07 to get a new bike.. I had my apartment and all my bills in my name and I figured that would be enough to get me approved on my own for a bike... WRONG! All my bills and shit were just small time credit, loans only go off major credit (car/bike payments, credit cards, mortgages, ect.)

So pissed that i had 7 grand sitting around and was close enough to just buying a bike in full, I played with the idea of waiting a few months and just buying in cash.. but I came to the conclusion that I REALLY want not only a new sportbike but ALSO some credit out of the deal, so I convinced my mom to co-sign with me for my 07 GSXR 750.

My first payment I put my 7g's down, then a month later I paid my bike off with the rest of the saved money I had...

At the same time I went to Capital One: Credit Cards, Home & Auto Loans, Banking, Small Business Credit Card and got a small (300/500$ limit) credit card to put groceries and small things on to pay off at the end of each month.

4 months after paying off my GSXR I apped to get a loan for a Dirtbike, and was approved WITHOUT a co-signer EVEN though my GSXR was paid off in only 2 months and I had a co-signer. On top of that I also bought an 07 Honda TRX400 quad that I was also approved for with my credit.

So in conclusion, get a co-signer.. get yourself a small credit card or two and have fun with your bike and be safe