Posts
753
Joined
9/16/2009
Location
Zweitakt, IN, USA
Edited Date/Time
1/25/2012 11:21pm
With the deals Yamaha and Honda are offering right now, are there are going to be riders that will do this deal then never buy another bike again?
The huge cash rebates and 0 interest and 0 payments for 12 months and 0 down seem like a great deal at the moment and will push some sales that would have never happened.
Is this a good thing?
For a guy who already was not in a position to buy a bike, is going for this deal is good plan?
What will his bike be worth in one year after he has made NO payments on it yet?
How much will he still OWE on this loan?
Will his bike last the 6 years of riding from purchase date?
Will he stay in the sport after he has to sell his bike for less than half what he owes on it in three years?
The no payments for 12 months and cash back look great up front, but the back side of this will come back to bite.
The huge cash rebates and 0 interest and 0 payments for 12 months and 0 down seem like a great deal at the moment and will push some sales that would have never happened.
Is this a good thing?
For a guy who already was not in a position to buy a bike, is going for this deal is good plan?
What will his bike be worth in one year after he has made NO payments on it yet?
How much will he still OWE on this loan?
Will his bike last the 6 years of riding from purchase date?
Will he stay in the sport after he has to sell his bike for less than half what he owes on it in three years?
The no payments for 12 months and cash back look great up front, but the back side of this will come back to bite.
probably be the last bike you will need to buy...as the EFI models do not offer much other than being EFI
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our biggest dillemma is that the special deals honda gives the 18-24 range, ends up biting them in the ass, and within 2 years they have almost hit rock bottom, and we end up turning away the very customer we are trying to attract. what i essentialy mean in bad end of the spectrum way, is that the customers that choose the no pay way and special interest deal, end up tanking on the payment plan, the interest rate balloons to 24% and the bike ends up costing you double what it should have been. therefore making said customer unable to pay for the bike, it gets repoed, and they arent able to buy a bike again for quite some time.
in the long run, the prices of the bikes are great, be smart on how you buy them, and you will find yourself enjoying many more new bikes. besides, how can you beat $4500 for a brand new bike that costs $7500??!!
Not many people keep bikes for 5 years.
They will purchase that bike and make minimal payments as long as they can and then they'll find another bike they want (usually a CBR1000 or similar) and they'll go trade in their bike they owe $4500 on for around $2000. The bike shop will then sell it for $2800 and sell them a $9,000 crotch rocket for $11,500.
When they are tired of that bike (if they don't get killed on it) they will go trade it in on a Mustang or some tuner car and pay the $7,000 they owe on the bike along with the new car.
In the end, they never pay for anything and find out 4 years later that they have a $600 car note on a 2002 Ford Ranger pick-up.
and those same rebates and finance programs have happened in the past as well
the only thing "new" here:
is that even with the programs and rebates ,the bikes still arnt selling.
just how it is..
I have a sled that I bought with the same deal for interest, and payments were $79. But if the sled was not paid off in 2 years the interest went to 24% Also if it was not paid off they will go back and charge that interest that would have accumulated over the time of the loan from the purchese.
Those are the ones you have to watch......
My brother got sucked into one of these deals right out of high school. I think he is still paying on a Banshee from Yamaha from a long time ago. He did not even have a job (and he had no business taking out the loan) but the bank still gave him the cash.
Irresponsible on both ends......
I never held on to any of the bikes longer than 12 months:
I would either sell it after 4 or 5 months for a few hundred less than I paid, pay off the loan and immediately start a new one. OR
I knew what I could get at the end of the year for my used bike, so I would make sure to save up enough money to be able to pay off the loan when I sold it after 10 or 11 months.
You just have to be smart with it, because the interest rate after 12 months is ridiculous. It is how I was able to go racing with a practice and race bike.
Pit Row
first 450 i have ever owned
P
P
That's what it is.
FREE MONEY for 12 months.
A person can buy a bike for $4500 and take 12 months to pay for it...interest free.
What's the DOWN SIDE, again?
THE SKY IS FALLING!
THE SKY IS FALLING!
The Internet...IT's worse than REALITY T.V.
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