I took some heavy Nylon webbing, like a 3/4 inch wide belt, and sewed it onto itself creating a figure 8 or double loop. Then when I am on the road, when I first bolt on the saddle bags, I slip one onto the frame/bolt for the bags. This leaves a loop that doesn't seem to scratch much, (on my bike it may be a little hard to tell!) and I can snap a carabiner onto the other loop to hold on my "Tee-Bag" onto the back rest/luggage rack. It could be used to hold a bungee, but you would need to work out the whole setup, or else the hook of the bungee could leave a little 'graffiti' on the painted fender.