Yamaha motors financing?

peltier626
I currently finance through them and have received some letters that they're switching financing firms, some of the details seem unclear. Has anyone else received these notices? Seems a little fishy.
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mattyhamz2 1/27/2020 5:49pm
1/27/2020 5:49pm
I haven’t received anything yet
Bennett59
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Bennett59 1/27/2020 5:51pm
1/27/2020 5:51pm Edited Date/Time 1/27/2020 5:53pm
peltier626 wrote:
I currently finance through them and have received some letters that they're switching financing firms, some of the details seem unclear. Has anyone else received these...
I currently finance through them and have received some letters that they're switching financing firms, some of the details seem unclear. Has anyone else received these notices? Seems a little fishy.
Yea it’s Yamaha 1 associates Now. They sent me the wrong account number the first time just got a letter today about accidentally making some ppls last account number a 0
Brad460
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Brad460 1/27/2020 5:59pm
1/27/2020 5:59pm
mattyhamz2 wrote:
I haven’t received anything yet
Still financing that 98 YZ250? Tongue
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mattyhamz2 1/27/2020 5:59pm
1/27/2020 5:59pm
mattyhamz2 wrote:
I haven’t received anything yet
Brad460 wrote:
Still financing that 98 YZ250? Tongue
Haha! No, my sons PW50

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Chippy
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Chippy 1/27/2020 7:41pm
1/27/2020 7:41pm
That could be a good thing. I remember when I financed my 2015 it was through Yamaha using Synchrony and that was a shit show. Is that who they still use now?
mb60
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mb60 1/27/2020 7:43pm
1/27/2020 7:43pm
Chippy wrote:
That could be a good thing. I remember when I financed my 2015 it was through Yamaha using Synchrony and that was a shit show. Is...
That could be a good thing. I remember when I financed my 2015 it was through Yamaha using Synchrony and that was a shit show. Is that who they still use now?
You talking about Synchrony that has no online service. Takes me 5 minutes to make a payment over the automated system.
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Bennett59
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Bennett59 1/27/2020 8:01pm
1/27/2020 8:01pm
Chippy wrote:
That could be a good thing. I remember when I financed my 2015 it was through Yamaha using Synchrony and that was a shit show. Is...
That could be a good thing. I remember when I financed my 2015 it was through Yamaha using Synchrony and that was a shit show. Is that who they still use now?
mb60 wrote:
You talking about Synchrony that has no online service. Takes me 5 minutes to make a payment over the automated system.
Haha yea no kidding lol 😂 Yamaha 1 I believe took over synchrony cause that who mines was going through now I can online with this transferee Account
Chippy
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Chippy 1/27/2020 10:04pm
1/27/2020 10:04pm
Chippy wrote:
That could be a good thing. I remember when I financed my 2015 it was through Yamaha using Synchrony and that was a shit show. Is...
That could be a good thing. I remember when I financed my 2015 it was through Yamaha using Synchrony and that was a shit show. Is that who they still use now?
mb60 wrote:
You talking about Synchrony that has no online service. Takes me 5 minutes to make a payment over the automated system.
AND they charged me for doing phone payments so I just mailed checks. So ridiculous.
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MotoGUY
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MotoGUY 1/28/2020 12:18am
1/28/2020 12:18am
Yamaha is leaving Synchrony and bringing the installment side of financing in house similar to a few years ago when the revolving side left capital one.
newmason
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newmason 1/28/2020 6:05am
1/28/2020 6:05am
Pay cash...
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Bramlett321
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Bramlett321 1/28/2020 6:51am
1/28/2020 6:51am
Chippy wrote:
That could be a good thing. I remember when I financed my 2015 it was through Yamaha using Synchrony and that was a shit show. Is...
That could be a good thing. I remember when I financed my 2015 it was through Yamaha using Synchrony and that was a shit show. Is that who they still use now?
I'll second that...Synchrony is tough to deal with. Half the time when I'd do my payment by phone it wouldn't let me, it was always something like that.
fourfourone
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fourfourone 1/28/2020 7:19am
1/28/2020 7:19am
peltier626 wrote:
I currently finance through them and have received some letters that they're switching financing firms, some of the details seem unclear. Has anyone else received these...
I currently finance through them and have received some letters that they're switching financing firms, some of the details seem unclear. Has anyone else received these notices? Seems a little fishy.
are you guys using the Yamaha card? When I bought my 450 2 years ago I ended up going with the Yamaha credit card. It was the lowest interest rate option Yamaha had at the time. Its still an installment sort of payment as oppose to a normal credit card.
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fourfourone
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fourfourone 1/28/2020 7:20am
1/28/2020 7:20am
Chippy wrote:
That could be a good thing. I remember when I financed my 2015 it was through Yamaha using Synchrony and that was a shit show. Is...
That could be a good thing. I remember when I financed my 2015 it was through Yamaha using Synchrony and that was a shit show. Is that who they still use now?
Bramlett321 wrote:
I'll second that...Synchrony is tough to deal with. Half the time when I'd do my payment by phone it wouldn't let me, it was always something...
I'll second that...Synchrony is tough to deal with. Half the time when I'd do my payment by phone it wouldn't let me, it was always something like that.
I had synchrony for my KTM back in 2016. Making a payment was a nightmare.
sumdood
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sumdood 1/28/2020 7:39am
1/28/2020 7:39am
Been dealing with some issues with Freedom Road (free Dumb) buncha boneheads. Applied my payment to the wrong account, battled for days before they figured it out, then had to argue to get the late charge removed, then started arguing to get the 10 plus days of interest they charged me while the money was out of my account but not applied to the loan and finally threw in the towel on that part.
Falcon
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Falcon 1/28/2020 8:23am
1/28/2020 8:23am
sumdood wrote:
Been dealing with some issues with Freedom Road (free Dumb) buncha boneheads. Applied my payment to the wrong account, battled for days before they figured it...
Been dealing with some issues with Freedom Road (free Dumb) buncha boneheads. Applied my payment to the wrong account, battled for days before they figured it out, then had to argue to get the late charge removed, then started arguing to get the 10 plus days of interest they charged me while the money was out of my account but not applied to the loan and finally threw in the towel on that part.
They are not dumb at all. They know exactly, to the penny, what they did to you. F finance companies. All of them.
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Hudd_421
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Hudd_421 1/28/2020 8:38am
1/28/2020 8:38am
newmason wrote:
Pay cash...
There's always one...
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scottt89
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scottt89 1/28/2020 8:40am
1/28/2020 8:40am
Not a Yamaha, but I have a Syncrony card from a local bike shop for a Santa Cruz Hightower I picked up this summer. I used the site to setup Autopay. Maybe there are different portals for different vendors, but I think web services are available. I believe mine is at mysynchrony.com

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mattyhamz2 1/28/2020 8:42am
1/28/2020 8:42am
newmason wrote:
Pay cash...
A lot easier to part with $250 a month vs dropping $11k cash in 5 minutes...
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mxb2
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mxb2 1/28/2020 8:45am
1/28/2020 8:45am
X2,. But its okay to buy a $1100 iphone lol. $150 cell phone bill. Establish credit $125-200 a month pay the bike off early.
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kkawboy14
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kkawboy14 1/28/2020 8:45am
1/28/2020 8:45am
......refuse to make payments until they explain it! 😀
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newmason
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newmason 1/28/2020 9:25am
1/28/2020 9:25am Edited Date/Time 1/28/2020 9:28am
What's that $11k bike cost after the life of the loan? Even if you are paying early? Factor in interest + depreciation. Definitely not a boomer and yes totally a boomer comment, but don't buy a new bike... If it's 0% interest then finance away...
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AH387
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AH387 1/28/2020 9:25am
1/28/2020 9:25am
I have some input could potentially help. I financed my 125 that I recently bought. Made 2 payments to Synchrony. I went to pay by phone for my payment last month and the system was down. It was a Saturday. So I threw a check in the mail just to be safe and called 2 days later (Monday) just to make sure. I was told they were switching everything over to Yamaha Financial Services and Synchrony would no longer be handling the account. So I got some papers in the mail about it. It said you could log in with your previous account number, but "YM-" was added to the beginning. And your last 6 digits from your soc is the password. So I tried to log in with that info and could not get in. Tried to call and was on hold for over an hour, never got through. Next couple days, tried calling and couldn't get through.Finally I got another letter in the mail that said the original info that was sent out had an incorrect account number. So now I can get in through the website. So I would advise just looking for paper that has a potentially corrected account number and then you can get into the website, using the info supplied. Getting through via phone or email is next to impossible, currently. Hopefully that helps, but ya it is a total clown show right now lol.
mxb2
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mxb2 1/28/2020 9:46am
1/28/2020 9:46am
newmason wrote:
What's that $11k bike cost after the life of the loan? Even if you are paying early? Factor in interest + depreciation. Definitely not a boomer...
What's that $11k bike cost after the life of the loan? Even if you are paying early? Factor in interest + depreciation. Definitely not a boomer and yes totally a boomer comment, but don't buy a new bike... If it's 0% interest then finance away...
New leftovers are 6-7k
Motodave15
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Motodave15 1/28/2020 9:57am
1/28/2020 9:57am
I financed through munn racing for 2018.5 husky fo fiddy... Freedom road financial, first payment was a success, a bit confusing to set up... But way way better than dropping 7800$ cash, 150 a month. Playing to be paid off in about 10 months because im being cheap and want to build credit.

Im convinced if i had the cash in hand, i would not have bought the bike.
49weasel
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49weasel 1/28/2020 10:14am
1/28/2020 10:14am Edited Date/Time 1/28/2020 10:15am
I buy a new bike every year and for the last 6 years I always throw it on the Yamaha card. 6 months no interest and at month 5 I refinance through my credit union with zero issues. Every bike I buy I from a PW to a YZ450f it always goes on that card. Never have an issue and I am out of the dealership within a hr or less.

I make a pretty good living and I would never pay cash for a new bike. My credit union usually offers a rate from 2.5%-4% for a 48 month loan. If you pay a little extra ($25-$50) a month you can sell the bike for what you owe on it. I've done that for the last 6 years and have never rolled over any negative..
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yz133rider
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yz133rider 1/28/2020 10:16am
1/28/2020 10:16am
Motodave15 wrote:
I financed through munn racing for 2018.5 husky fo fiddy... Freedom road financial, first payment was a success, a bit confusing to set up... But way...
I financed through munn racing for 2018.5 husky fo fiddy... Freedom road financial, first payment was a success, a bit confusing to set up... But way way better than dropping 7800$ cash, 150 a month. Playing to be paid off in about 10 months because im being cheap and want to build credit.

Im convinced if i had the cash in hand, i would not have bought the bike.
Thats exactly part of how using cash helps you to save. You tend to over spend when its someone elses money. If it was your own money you likely would have found a left over for 6k or a lightly used vet special for 2k less than brand new. Saving yourself 2k+ at the start and then another 1 or 2k in interest.

Studies show you spend 40%more when its on credit vs cash. Alot harder to come off your own cash.

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mattyhamz2 1/28/2020 10:23am
1/28/2020 10:23am
49weasel wrote:
I buy a new bike every year and for the last 6 years I always throw it on the Yamaha card. 6 months no interest and...
I buy a new bike every year and for the last 6 years I always throw it on the Yamaha card. 6 months no interest and at month 5 I refinance through my credit union with zero issues. Every bike I buy I from a PW to a YZ450f it always goes on that card. Never have an issue and I am out of the dealership within a hr or less.

I make a pretty good living and I would never pay cash for a new bike. My credit union usually offers a rate from 2.5%-4% for a 48 month loan. If you pay a little extra ($25-$50) a month you can sell the bike for what you owe on it. I've done that for the last 6 years and have never rolled over any negative..
Never had any issues refinancing a used motorcycle? I've thought about doing this, but wasn't sure how it would go.
Hudd_421
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Hudd_421 1/28/2020 10:25am
1/28/2020 10:25am
newmason wrote:
What's that $11k bike cost after the life of the loan? Even if you are paying early? Factor in interest + depreciation. Definitely not a boomer...
What's that $11k bike cost after the life of the loan? Even if you are paying early? Factor in interest + depreciation. Definitely not a boomer and yes totally a boomer comment, but don't buy a new bike... If it's 0% interest then finance away...
There's always some asshole here that tried to talk down to others for making the decision to finance a bike...Your comment about depreciation makes no sense...cash or finance, dirt bikes are still a terrible investment regardless of funding type...

There's also the choice of where your cash should go to. I financed a bike, so I could take my cash and put down on a house. My house has appreciated nearly 70k in 4 years, please tell me my cash on cash investment wasn't worth financing a bike...

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49weasel
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49weasel 1/28/2020 10:29am
1/28/2020 10:29am
mattyhamz2 wrote:
Never had any issues refinancing a used motorcycle? I've thought about doing this, but wasn't sure how it would go.
Nope. My credit union considers it new still if its within the current model year .
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