Dirt bike financing

Jinngens
Profile picture for user Jinngens
Posts
5
Joined
11/9/2019
Location
Conroe, TX US
Jinngens
So the shop up the road has a 2018 450 listed at $4,499 that doesn’t include everything as far as paperwork goes, I have a 756 credit score but I don’t have 5 grand chilling around my place either, estimated payments?
7
|
BMc914
Profile picture for user BMc914
Posts
533
Joined
11/23/2018
Location
Denver, CO US
Fantasy
727th
BMc914 11/9/2019 4:54pm
11/9/2019 4:54pm
What ever you want to pay for how ever long you want to pay they will work with you to sell the bike.

Get them to throw in a new 600 helmet on your loan to.
7
1
Jinngens
Profile picture for user Jinngens
Posts
5
Joined
11/9/2019
Location
Conroe, TX US
Jinngens 11/9/2019 4:55pm
11/9/2019 4:55pm
ThePizzaCobra wrote:
Rate? Term? State for taxes? Lots of missing information. Once you figure that out, this should help: https://m.onlineloancalculator.org/
Yea not too sure what the rate will be, I don’t want a hard pull on my credit if I won’t end up getting it
1
ThePizzaCobra
Profile picture for user ThePizzaCobra
Posts
724
Joined
12/1/2018
Location
The Garden State, NJ US
ThePizzaCobra 11/9/2019 4:58pm
11/9/2019 4:58pm
ThePizzaCobra wrote:
Rate? Term? State for taxes? Lots of missing information. Once you figure that out, this should help: https://m.onlineloancalculator.org/
Jinngens wrote:
Yea not too sure what the rate will be, I don’t want a hard pull on my credit if I won’t end up getting it
A single credit check will not adversely affect your credit. But if you’re still concerned, save your money until you can pay cash... good deals will always come around.
9

The Shop

See All »
Brad460
Profile picture for user Brad460
Posts
4415
Joined
5/15/2012
Location
Richfield, WI US
Fantasy
438th
Brad460 11/9/2019 5:16pm
11/9/2019 5:16pm
Pull the cash off a credit at 0% interest for 18 months...pay it off during that timeframe..
11
newmason
Profile picture for user newmason
Posts
209
Joined
6/20/2019
Location
Draper, UT US
newmason 11/9/2019 6:14pm
11/9/2019 6:14pm
Which credit card has a 0% cash advance for 18?
2
Brad460
Profile picture for user Brad460
Posts
4415
Joined
5/15/2012
Location
Richfield, WI US
Fantasy
438th
Brad460 11/9/2019 6:31pm
11/9/2019 6:31pm Edited Date/Time 11/9/2019 6:34pm
newmason wrote:
Which credit card has a 0% cash advance for 18?
Ever heard of google?

My BoA always has 0 for 18 going on..

Citi has up to 21 months
1
newmason
Profile picture for user newmason
Posts
209
Joined
6/20/2019
Location
Draper, UT US
newmason 11/9/2019 6:44pm
11/9/2019 6:44pm Edited Date/Time 11/9/2019 6:53pm
Never heard of a Google nor have I ever heard of being able take out your entire credit limit as 0% cash for X months, but who knows!
8
Luke_Richards 11/9/2019 7:32pm
11/9/2019 7:32pm
5940 +tax and dealer fees on a 2019 rmz450, 3500 down, 755 credit score, % was higher than i wanted through synchrony bank (Suzuki) but I can pay off when I want with no penalty, 80$ a month minimum payment
2
mattyhamz2 11/9/2019 9:02pm
11/9/2019 9:02pm
Luke_Richards wrote:
5940 +tax and dealer fees on a 2019 rmz450, 3500 down, 755 credit score, % was higher than i wanted through synchrony bank (Suzuki) but I...
5940 +tax and dealer fees on a 2019 rmz450, 3500 down, 755 credit score, % was higher than i wanted through synchrony bank (Suzuki) but I can pay off when I want with no penalty, 80$ a month minimum payment
Pssshhh. $80 a month in nothing. So you don’t eat out 4-5 days a month. Easy!
4
1
yamahuh
Profile picture for user yamahuh
Posts
79
Joined
4/1/2008
Location
US
yamahuh 11/12/2019 7:43am
11/12/2019 7:43am
The 0% introductory rate on a CC is the way to go if you don't have the funds and pay it off before the intro period ends.
Never pay interest...
1
Kennyfreemoney 11/12/2019 8:05am
11/12/2019 8:05am Edited Date/Time 11/12/2019 8:06am
yamahuh wrote:
The 0% introductory rate on a CC is the way to go if you don't have the funds and pay it off before the intro period...
The 0% introductory rate on a CC is the way to go if you don't have the funds and pay it off before the intro period ends.
Never pay interest...
if you cant pay it off before the 0% time ends, MAKE SURE you refinance somehwere else. Onces the promo period ends, you get charged ALL of the interest from day 1. So if its a $5k bike, you're going to be around 21% interest, as soon as you end the promo period, you’re getting $1500 added to your bill. Doesnt matter if you still owe $4000, or $4.
5
gavinmgrant
Profile picture for user gavinmgrant
Posts
72
Joined
4/4/2018
Location
Goldsboro, NC US
gavinmgrant 11/14/2019 2:17pm
11/14/2019 2:17pm
Jinngens wrote:
So the shop up the road has a 2018 450 listed at $4,499 that doesn’t include everything as far as paperwork goes, I have a 756...
So the shop up the road has a 2018 450 listed at $4,499 that doesn’t include everything as far as paperwork goes, I have a 756 credit score but I don’t have 5 grand chilling around my place either, estimated payments?
When I financed my 2019 KTM 250sxf they gave me 11% with a 780 credit score. I was baffled. But for active duty military it goes down to zero percent depending on who you finance with. So that's what I did. But I walked out with the bike financed at 7499. I pay $150 a month, but with interest it would have been $197.
1
Falcon
Profile picture for user Falcon
Posts
12256
Joined
11/16/2011
Location
Menifee, CA US
Falcon 11/14/2019 3:31pm
11/14/2019 3:31pm
yamahuh wrote:
The 0% introductory rate on a CC is the way to go if you don't have the funds and pay it off before the intro period...
The 0% introductory rate on a CC is the way to go if you don't have the funds and pay it off before the intro period ends.
Never pay interest...
You'll pay more for the bike by using a credit card. Dealers aren't supposed to charge you the vendor fees for using a card, but they certainly keep those in the back of their mind when making the best deal. If it's going to cost the dealer 2.5% for you to swipe the card, guess how much more your "best" deal suddenly becomes?

I've done transactions such as this using an access check from the card company; it avoids the terminal fee and both parties are happier.
3
Slaughter612s 11/14/2019 4:00pm
11/14/2019 4:00pm
I got 0% apr for 12 months financing for a new kawi 1.5 months ago. The interest goes up to 10.99 (I think) after the 12 months is up and interest will only be on the remaining balance not retro to amount financed.. Pretty cool for Kawasaki/citi bank to do this. Makes it that much easier to get a new bike. Cheers.
4
tobz
Profile picture for user tobz
Posts
3891
Joined
3/5/2007
Location
Adelaide AU
tobz 11/14/2019 4:16pm
11/14/2019 4:16pm Edited Date/Time 11/14/2019 4:16pm
Save for it? Put away 100 bucks a week and you'll have your own bike finance free this time next year.
2
5
Rab
Profile picture for user Rab
Posts
329
Joined
3/16/2015
Location
Ok, OK US
Rab 11/14/2019 4:40pm
11/14/2019 4:40pm
In order for us to help, you need to post your social
Security number
12

Pit Row

See All »
endurox
Profile picture for user endurox
Posts
2084
Joined
3/22/2014
Location
Garden City, ID US
endurox 11/15/2019 12:15pm
11/15/2019 12:15pm
Financing a deprecating asset is playing with fire. But this is the American way.
6
6
Lasse
Profile picture for user Lasse
Posts
609
Joined
11/5/2015
Location
DK
Lasse 11/15/2019 12:20pm
11/15/2019 12:20pm
I did it, but the nagging feeling that something MIGHT break and wreak havoc stayed with me.

I would choose an older 2-stroke if you can pay that cash.
1
mx965
Profile picture for user mx965
Posts
324
Joined
12/1/2013
Location
Nashville, TN US
mx965 11/15/2019 1:34pm
11/15/2019 1:34pm
newmason wrote:
Which credit card has a 0% cash advance for 18?
Brad460 wrote:
Ever heard of google?

My BoA always has 0 for 18 going on..

Citi has up to 21 months
Yep, my current CC was 0% for 24 mos. $7500 limit. 755 credit score. I thought about financing a portion of my truck using this but the savings weren't enough for me to deal with the hassle.
kkawboy14
Profile picture for user kkawboy14
Posts
11486
Joined
6/5/2015
Location
TX US
kkawboy14 11/15/2019 2:48pm
11/15/2019 2:48pm Edited Date/Time 11/15/2019 2:49pm
endurox wrote:
Financing a deprecating asset is playing with fire. But this is the American way.
This is the dumbest thing I’ve ever heard stated.

SO dropping $5000 cash today for a depreciating asset is somehow smarter than paying $80 a month for the same depreciating asset?

It still cost you $5000 and it still is worth the same at the end!
6
3
jhansen510
Profile picture for user jhansen510
Posts
2406
Joined
2/10/2009
Location
GREENFIELD, MN US
jhansen510 11/15/2019 3:51pm
11/15/2019 3:51pm
yamahuh wrote:
The 0% introductory rate on a CC is the way to go if you don't have the funds and pay it off before the intro period...
The 0% introductory rate on a CC is the way to go if you don't have the funds and pay it off before the intro period ends.
Never pay interest...
Kennyfreemoney wrote:
if you cant pay it off before the 0% time ends, MAKE SURE you refinance somehwere else. Onces the promo period ends, you get charged ALL...
if you cant pay it off before the 0% time ends, MAKE SURE you refinance somehwere else. Onces the promo period ends, you get charged ALL of the interest from day 1. So if its a $5k bike, you're going to be around 21% interest, as soon as you end the promo period, you’re getting $1500 added to your bill. Doesnt matter if you still owe $4000, or $4.
Ding ding ding. Which is exactly why they offer these loss leader deals. More people end up in the position you described than don’t. If it didn’t work for the finance company, they wouldn’t do it.
1
jhansen510
Profile picture for user jhansen510
Posts
2406
Joined
2/10/2009
Location
GREENFIELD, MN US
jhansen510 11/15/2019 3:51pm
11/15/2019 3:51pm
endurox wrote:
Financing a deprecating asset is playing with fire. But this is the American way.
kkawboy14 wrote:
This is the dumbest thing I’ve ever heard stated. SO dropping $5000 cash today for a depreciating asset is somehow smarter than paying $80 a month...
This is the dumbest thing I’ve ever heard stated.

SO dropping $5000 cash today for a depreciating asset is somehow smarter than paying $80 a month for the same depreciating asset?

It still cost you $5000 and it still is worth the same at the end!
Insert facepalm emoji here.....
4
1
kkawboy14
Profile picture for user kkawboy14
Posts
11486
Joined
6/5/2015
Location
TX US
kkawboy14 11/15/2019 6:50pm
11/15/2019 6:50pm
endurox wrote:
Financing a deprecating asset is playing with fire. But this is the American way.
kkawboy14 wrote:
This is the dumbest thing I’ve ever heard stated. SO dropping $5000 cash today for a depreciating asset is somehow smarter than paying $80 a month...
This is the dumbest thing I’ve ever heard stated.

SO dropping $5000 cash today for a depreciating asset is somehow smarter than paying $80 a month for the same depreciating asset?

It still cost you $5000 and it still is worth the same at the end!
jhansen510 wrote:
Insert facepalm emoji here.....
The argument you are having that if you can’t afford to pay cash for something you should not own it is different than saying you shouldn’t buy it on time because it is a depreciating asset.

I was gonna buy my wife’s grand Cherokee a couple years ago cash, they gave me the vehicle for zero percent interest, so I left my money in the bank and used their money for free!
6
Texas Built
Profile picture for user Texas Built
Posts
867
Joined
5/30/2018
Location
Houston, TX US
Texas Built 11/15/2019 7:30pm
11/15/2019 7:30pm
Just me, but if I could not even manage to save up $5K in life savings I don't think I would be running out to the dirt bike shop trying to find a way to make life harder. If your motor grenades you dont even have the money fix, the bike is worth $0 and you still owe the $7,000.

Nothing wrong with financing if you can afford it. You cant afford it.
6
4
Bennett59
Profile picture for user Bennett59
Posts
865
Joined
9/3/2015
Location
Bakersfield, CA US
Bennett59 11/15/2019 7:46pm
11/15/2019 7:46pm
Preston412 wrote:
https://www.yamahamotorsports.com/motorcycle/pages/yamaha-motorcycle-current-offers-finance Rate starting at 2.99% for 36 months. If you checked your credit score on a website such as credit karma, it will be slightly lower...
https://www.yamahamotorsports.com/motorcycle/pages/yamaha-motorcycle-cu…

Rate starting at 2.99% for 36 months.
If you checked your credit score on a website such as credit karma, it will be slightly lower at the dealer.
Mines always higher then what credit karma says
SLAPAHO
Profile picture for user SLAPAHO
Posts
1910
Joined
8/15/2006
Location
Newport Beach, CA US
Fantasy
547th
SLAPAHO 11/15/2019 8:21pm
11/15/2019 8:21pm Edited Date/Time 11/16/2019 7:36am
endurox wrote:
Financing a deprecating asset is playing with fire. But this is the American way.
kkawboy14 wrote:
This is the dumbest thing I’ve ever heard stated. SO dropping $5000 cash today for a depreciating asset is somehow smarter than paying $80 a month...
This is the dumbest thing I’ve ever heard stated.

SO dropping $5000 cash today for a depreciating asset is somehow smarter than paying $80 a month for the same depreciating asset?

It still cost you $5000 and it still is worth the same at the end!
Yeah, great advice. Save up a bunch of hard earned money, then pull it out the bank and spend it all on a dirt bike, great move Grinning
oh, and get no credit out of it either... if you did actually save enough to buy a bike, you might think about financing for a short term anyway.. at least you build a little credit out of it... just my opinion.
6
4
HaulASSgofast! 6/4/2022 5:09am
6/4/2022 5:09am
If you have good credit and a reliable steady income say anything over 700 score I put 0 down and just financed a 2022 yz250 2 stroke. I pay 250 a month got the bike for 6800 after everything about 7k. if you have time to ride its worth it in my opinion but if not I wouldn't. just be stuck w a payment for something you cant use.
2
TeamGreen
Profile picture for user TeamGreen
Posts
36798
Joined
11/25/2008
Location
Thru-out, CA US
TeamGreen 6/4/2022 7:46am
6/4/2022 7:46am
Slaughter612s wrote:
I got 0% apr for 12 months financing for a new kawi 1.5 months ago. The interest goes up to 10.99 (I think) after the 12...
I got 0% apr for 12 months financing for a new kawi 1.5 months ago. The interest goes up to 10.99 (I think) after the 12 months is up and interest will only be on the remaining balance not retro to amount financed.. Pretty cool for Kawasaki/citi bank to do this. Makes it that much easier to get a new bike. Cheers.
Bought a coupl'a KLRs in '21 for 2.99%. Hell, the value of my money was already depreciating BEYOND that by August - September of 2021...so, I used Kawi's financing. I got my annual interest statement from them a while back: it was hilarious. Virtually nothing.

Some folks will tell ya not to finance anything. They have a valid point; but, sometimes, you've got to take 'the cost of money" into consideration. I left money in acct's/places that were making me more money than the cost of the money Kawasaki was "giving away".

Good luck.
14

Post a reply to: Dirt bike financing