too good of credit? (new bike)

Wolfman
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Wolfman 10/12/2011 2:23pm
10/12/2011 2:23pm
I need it. Believe me.
moto589
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moto589 10/12/2011 2:26pm
10/12/2011 2:26pm
neverwasfastenuf 10/12/2011 2:41pm
10/12/2011 2:41pm
Deetsmx wrote:
Always a good idea to finance dirt bikes.
Only because they hold their value so good.Wink
Deetsmx
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Deetsmx 10/12/2011 2:45pm
10/12/2011 2:45pm
neverwasfastenuf wrote:
Only because they hold their value so good.Wink
Glad somebody caught the sarcasm. To each his own though. If you can put down about 3-4k so you aren't upside down when you sell it I can see doing it. It's like buying a new car, when you first have it the payments don't bother you because its still new. When that sucker has about 60k miles on it and you are still paying the same amount for a car your sick of the charm wears off real quick.

The Shop

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mxpunk
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mxpunk 10/12/2011 3:03pm
10/12/2011 3:03pm
Wolfman wrote:
I need it. Believe me.
you're from oklahoma, so no surprises there, not exactly the epicenter of people born with strong financial acumen

you dont need it, you're going to lose money on it. unless you're racing for a living, a used bike for $3000 will do exactly what a new 450 will do.

buy it in cash or dont buy it at all.
FIREfish148
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FIREfish148 10/12/2011 3:06pm
10/12/2011 3:06pm
FIREfish148 wrote:
Yea wolf that was kinda dick of you man. The other shitty part about buying a bike on time is that you have to have the...
Yea wolf that was kinda dick of you man.

The other shitty part about buying a bike on time is that you have to have the b/s insurance that goes on top of it.
mxb2 wrote:
Insurance for the loan or bike insurance?
Bike insurance. Its cheap through progressive but still.
Racerx930
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Racerx930 10/12/2011 3:08pm
10/12/2011 3:08pm
It's your money do whatever the hell you want with it. Don't let some asshole sitting behind their keyboard tell you how to spend your cash. I finance my bikes, I could pay cash but I can use my cash to make more than the 7% I pay on my bike. My personal favorite is when I find one for the 0/0/0 for 6 months then sell the damn thing when the first payments due.
Ryno784
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Ryno784 10/12/2011 3:14pm
10/12/2011 3:14pm
mxb2 wrote:
How many years max would you advise to finance w/o getting screwed to bad? LOL, my buddy wants to get one and restablish his credit.
Shawn142 wrote:
No dealer will finance a luxury item like a bike to someone without pretty spotless credit. It's not exactly something you use to repair or establish...
No dealer will finance a luxury item like a bike to someone without pretty spotless credit. It's not exactly something you use to repair or establish credit. You can get a car with poor credit but at a terrible rate in excess of 15 to 20% interest.
This isn't exactly true. If you have a 550 or higher credit score I can get you done at a reasonable rate, bring it up to 600 and I'll get you 5% for 60 months. Less for less.

Suzuki has had the best interest rates, and there was a period of several months where Suzuki gave all 6 tiers the same 1.99apr for 60 months. That's a smokin deal.

I got an 18 yr old kid 0% for 5 years on a new GS500....So, you can still finance but I agree, paid for is my rule and bikes are more fun when they're paid for! jus sayin
Wolfman
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Wolfman 10/12/2011 3:14pm
10/12/2011 3:14pm
Wolfman wrote:
I need it. Believe me.
mxpunk wrote:
you're from oklahoma, so no surprises there, not exactly the epicenter of people born with strong financial acumen you dont need it, you're going to lose...
you're from oklahoma, so no surprises there, not exactly the epicenter of people born with strong financial acumen

you dont need it, you're going to lose money on it. unless you're racing for a living, a used bike for $3000 will do exactly what a new 450 will do.

buy it in cash or dont buy it at all.
What do you know about Oklahoma?

Other than we have one of the strongest economies in the country right now.
Racerx930
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Racerx930 10/12/2011 3:18pm
10/12/2011 3:18pm
Wolfman wrote:
I need it. Believe me.
mxpunk wrote:
you're from oklahoma, so no surprises there, not exactly the epicenter of people born with strong financial acumen you dont need it, you're going to lose...
you're from oklahoma, so no surprises there, not exactly the epicenter of people born with strong financial acumen

you dont need it, you're going to lose money on it. unless you're racing for a living, a used bike for $3000 will do exactly what a new 450 will do.

buy it in cash or dont buy it at all.
Wolfman wrote:
What do you know about Oklahoma?

Other than we have one of the strongest economies in the country right now.
It is nice living in a place where our homes are still worth as much, or more than we paid for them.
mxpunk
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mxpunk 10/12/2011 3:22pm
10/12/2011 3:22pm
Wolfman wrote:
I need it. Believe me.
mxpunk wrote:
you're from oklahoma, so no surprises there, not exactly the epicenter of people born with strong financial acumen you dont need it, you're going to lose...
you're from oklahoma, so no surprises there, not exactly the epicenter of people born with strong financial acumen

you dont need it, you're going to lose money on it. unless you're racing for a living, a used bike for $3000 will do exactly what a new 450 will do.

buy it in cash or dont buy it at all.
Wolfman wrote:
What do you know about Oklahoma?

Other than we have one of the strongest economies in the country right now.
it doesnt matter what i know about OK

financing something like a dirtbike is just plain dumb unless you're trying to build credit

some people like putting themselves into slavery i guess.
machine
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machine 10/12/2011 3:31pm
10/12/2011 3:31pm
Dirtysmile56 wrote:
Come on guys he's buying them on credit, you don't really have to pay those things back anymore in America. Right?
Nope, the Govt. will make the finance company renegotiate your loan to something you can afford, then if you can't pay it off, it's not your fault.
nytsmaC
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nytsmaC 10/12/2011 5:48pm
10/12/2011 5:48pm
Wolfman is right, fuck the haters!

Use one for a practice bike!

Turn that KXF into a supermoto!

Why stop at 2, maybe you can get 3 or 4 bikes. Credit rulez! Haven't you always wanted to have 4 bikes?

Did you know you can get a new Chevy at 0%, you should definitely go and get at least 1 of them too.
Hut
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Hut 10/12/2011 5:52pm
10/12/2011 5:52pm
At 0% it's crazy not to get a new Chevy really.
Wolfman
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Wolfman 10/12/2011 6:07pm
10/12/2011 6:07pm
nytsmaC wrote:
Wolfman is right, fuck the haters! Use one for a practice bike! Turn that KXF into a supermoto! Why stop at 2, maybe you can get...
Wolfman is right, fuck the haters!

Use one for a practice bike!

Turn that KXF into a supermoto!

Why stop at 2, maybe you can get 3 or 4 bikes. Credit rulez! Haven't you always wanted to have 4 bikes?

Did you know you can get a new Chevy at 0%, you should definitely go and get at least 1 of them too.
You are pretty much always a dipshit, so eat a bag of dicks.


And you dont have a 682 credit score by not repaying your debts.

So Im taking out a loan against my 401k to get a crotch rocket. Which one?
mxpunk
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mxpunk 10/12/2011 6:09pm
10/12/2011 6:09pm
i'd buy a new gsxr1000 and go under water with it, no problemo
FIREfish148
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FIREfish148 10/12/2011 6:13pm
10/12/2011 6:13pm
Shit ide buy atleast one of em chevys.
Wolfman
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Wolfman 10/12/2011 6:33pm
10/12/2011 6:33pm
My 2007 Ford is almost paid for, maybe I need to trade it in!

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RaceFace
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RaceFace 10/12/2011 7:32pm
10/12/2011 7:32pm
moto589 wrote:
[img]http://hypercache.h5i.s3.amazonaws.com/clients/74/filemanager/2010_RAC/promo/promo1.jpg[/img]
What's wrong with a $2,000 Playstation? It only costs me $10 a week! Quit hatin'! Blink
Spergen
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Spergen 10/12/2011 8:16pm
10/12/2011 8:16pm
Dont know if it works the same in the USA as the UK but what i did when buying a 40k car was get the worst interest rate i could from the dealers finance company but make sure its NOT top loaded, ( the dealer gets a percentage of the total interest over the term ) get him to knock that off the price of the car/bike. Then pay off the loan the same week in full and save yourself a few $

In my case dealer was going to knock 1k off the car for cash but 2.5k if i got the finance.
bgpn35
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bgpn35 10/12/2011 8:23pm
10/12/2011 8:23pm
Wolfman wrote:
Dudes! I posted a Thd a few days ago showing a used Honda I was looking at. Well I ended up going to Honda of Tulsa...
Dudes! I posted a Thd a few days ago showing a used Honda I was looking at. Well I ended up going to Honda of Tulsa Saturday and looking at new ktm's. After I got home I filled out a credit app online. So Sunday I find out the guy I sold my2006 450 Kawi was willing to sell it back. So I went to the credit union yesterday and got the money and went and bought the bike. Today I found out I also got approved for the ktm. I think I'm gonna buy it too!

When it rains it pours fellas.
can u say CHA-CHING!!! lol!!!! im happy for ya!!
nytsmaC
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nytsmaC 10/13/2011 7:43am
10/13/2011 7:43am Edited Date/Time 10/13/2011 7:44am
Wolfman wrote:
You are pretty much always a dipshit, so eat a bag of dicks. And you dont have a 682 credit score by not repaying your debts...
You are pretty much always a dipshit, so eat a bag of dicks.


And you dont have a 682 credit score by not repaying your debts.

So Im taking out a loan against my 401k to get a crotch rocket. Which one?
Definitely get the highest priced crotch rocket that you can get approved on a loan for. Much like 450 MX bikes, they are a great investment and you really can't go wrong.

Hell, why not get 2 if you've got enough credit?
bogdan912
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bogdan912 10/13/2011 8:02am
10/13/2011 8:02am
Damn, I financed my bike because I didn't have enough cash when I got it, made the payments for a year and then paid it off completely when I had saved up enough extra dough. It's not a bad option as long as you are sure you can cover yourself..
moto589
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moto589 10/13/2011 9:13am
10/13/2011 9:13am
nytsmaC wrote:
Wolfman is right, fuck the haters! Use one for a practice bike! Turn that KXF into a supermoto! Why stop at 2, maybe you can get...
Wolfman is right, fuck the haters!

Use one for a practice bike!

Turn that KXF into a supermoto!

Why stop at 2, maybe you can get 3 or 4 bikes. Credit rulez! Haven't you always wanted to have 4 bikes?

Did you know you can get a new Chevy at 0%, you should definitely go and get at least 1 of them too.
Wolfman wrote:
You are pretty much always a dipshit, so eat a bag of dicks. And you dont have a 682 credit score by not repaying your debts...
You are pretty much always a dipshit, so eat a bag of dicks.


And you dont have a 682 credit score by not repaying your debts.

So Im taking out a loan against my 401k to get a crotch rocket. Which one?
LOL - you need to change your screen name to Financial Wizard.

Who the F*** finances a new dirt bike from the mfg, a used dirt bike from the credit union, and then finances a crotch rocket with their 401k.

And regarding your 682 credit score...............The National Average is 692
Pitbull Equipment 10/13/2011 9:31am
10/13/2011 9:31am
Wow reading this is like watching a train wreck happen right in front of my eyes. Find Dave Ramsey on am radio.
nc_mx_kid
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nc_mx_kid 10/13/2011 10:14am
10/13/2011 10:14am
Deetsmx wrote:
Always a good idea to finance dirt bikes.
FIREfish148 wrote:
You're kiddin right? I'm on hold right now w/ alaska credit union to see how much I owe on my 2007 crf 450 that I bought...
You're kiddin right? I'm on hold right now w/ alaska credit union to see how much I owe on my 2007 crf 450 that I bought when i was 19 with 17% interest... Geeze I was dumb. O well Apparently I only owe $1,111.11. NEVER gonna do that again. I thought it would be easy since I used to see my dad buy me bikes left n right. Little did I know about the bonus' he was getting from work...
akmx17 wrote:
Always a good idea to finance then turn around and sell come season end.
been doing that since I turned 18, im 26 now and have had over 30bikes. I like the fact that I can finance things and sell them, pay the loan off. Saves upfront cash fund.
Wolfman
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Wolfman 10/13/2011 11:20am
10/13/2011 11:20am Edited Date/Time 10/13/2011 11:29am
nytsmaC wrote:
Wolfman is right, fuck the haters! Use one for a practice bike! Turn that KXF into a supermoto! Why stop at 2, maybe you can get...
Wolfman is right, fuck the haters!

Use one for a practice bike!

Turn that KXF into a supermoto!

Why stop at 2, maybe you can get 3 or 4 bikes. Credit rulez! Haven't you always wanted to have 4 bikes?

Did you know you can get a new Chevy at 0%, you should definitely go and get at least 1 of them too.
Wolfman wrote:
You are pretty much always a dipshit, so eat a bag of dicks. And you dont have a 682 credit score by not repaying your debts...
You are pretty much always a dipshit, so eat a bag of dicks.


And you dont have a 682 credit score by not repaying your debts.

So Im taking out a loan against my 401k to get a crotch rocket. Which one?
moto589 wrote:
LOL - you need to change your screen name to Financial Wizard. Who the F*** finances a new dirt bike from the mfg, a used dirt...
LOL - you need to change your screen name to Financial Wizard.

Who the F*** finances a new dirt bike from the mfg, a used dirt bike from the credit union, and then finances a crotch rocket with their 401k.

And regarding your 682 credit score...............The National Average is 692
It went right over your head genius. I'm not buying a crotch rocket.

National avg of 692? Get outta here!
Edit: I googled that shit, your right. The point wasnt that I have the world highest credit store. It was that you don't get credit without paying your debt off.

Bunch dumbshits trying to pile on!
drmarkr
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drmarkr 10/13/2011 12:06pm
10/13/2011 12:06pm
Wolfman wrote:
I need it. Believe me.
mxpunk wrote:
you're from oklahoma, so no surprises there, not exactly the epicenter of people born with strong financial acumen you dont need it, you're going to lose...
you're from oklahoma, so no surprises there, not exactly the epicenter of people born with strong financial acumen

you dont need it, you're going to lose money on it. unless you're racing for a living, a used bike for $3000 will do exactly what a new 450 will do.

buy it in cash or dont buy it at all.
....says the superstar from the Jersey shore.....
Wolfman
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Wolfman 10/13/2011 1:47pm
10/13/2011 1:47pm
Wolfman wrote:
I need it. Believe me.
mxpunk wrote:
you're from oklahoma, so no surprises there, not exactly the epicenter of people born with strong financial acumen you dont need it, you're going to lose...
you're from oklahoma, so no surprises there, not exactly the epicenter of people born with strong financial acumen

you dont need it, you're going to lose money on it. unless you're racing for a living, a used bike for $3000 will do exactly what a new 450 will do.

buy it in cash or dont buy it at all.
drmarkr wrote:
....says the superstar from the Jersey shore.....
Laughing
mxpunk
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mxpunk 10/13/2011 1:53pm
10/13/2011 1:53pm
Wolfman wrote:
I need it. Believe me.
mxpunk wrote:
you're from oklahoma, so no surprises there, not exactly the epicenter of people born with strong financial acumen you dont need it, you're going to lose...
you're from oklahoma, so no surprises there, not exactly the epicenter of people born with strong financial acumen

you dont need it, you're going to lose money on it. unless you're racing for a living, a used bike for $3000 will do exactly what a new 450 will do.

buy it in cash or dont buy it at all.
drmarkr wrote:
....says the superstar from the Jersey shore.....
whatever, tweaker

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