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Canton, TX
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RVT420
3/8/2020 3:44pm
3/8/2020 3:44pm
Edited Date/Time
4/10/2020 9:54am
Alright Fellas I’m in the market for a new bike I’m wanting to “finance” a new Ktm 450, I’ve never bought a new bike before my last new bike my old man bought me back in 2011 it was Yz250 and I’m currently riding a 2000 Kx250 that I’m ready to retire and turn to the dark side “4 Stroke”
My questions are, what do I need when going in to finance a bike? how much should I put down? What’s the average OTD cost on a new Ktm 450? Any input I’m open to hear y’all a opinions.
Also i kinda wanted Factory Edition but no dealerships around me seem to have any in stock and I didn’t know how to go about getting one? Thanks.
My questions are, what do I need when going in to finance a bike? how much should I put down? What’s the average OTD cost on a new Ktm 450? Any input I’m open to hear y’all a opinions.
Also i kinda wanted Factory Edition but no dealerships around me seem to have any in stock and I didn’t know how to go about getting one? Thanks.
Think about how much interest they charge on your home loan or car loan. You would be better off putting the cash into them to lower interest amount.
The Shop
Walk out and find your own financing if offered a rate higher than 2.99%
One other thing to think about in your scenario is adding another payment to your monthly cash flow and the stress and it could potentially cost. For me I like the freedom of no payments even if that means my amortization schedule on all debt might be extended a month or two.
https://www.cycletrader.com/listing/2019-KTM-450-SX-F-5006311160
I don’t understand why y’all have to come in here and throw around your opinions of paying cash instead of financing. The guy is financing and looking for advice on FINANCING!
And OP- I financed my 14 YZ450 with zero down through Yamaha/capitol one at 12.99% and my payments were $228 a month. That was an OTD price of $9800. Would I do it that way again? No way. But $228 wasn’t bad at the time and I wanted a new bike really bad.
If he wanted to pay cash, do you think he’d be asking about financing?
Also, no one cares what you paid cash for..
When I had my 16 350 I put 2000 down 36 months
My yz450 I called tons of dealerships till I found someone willing to deal got it for 8 otd put 2000 down as well just ktm always little more the other jap bikes but like other said find a 19 same bike, or when the 21 come out the rebates should come around to blow out the 20s
Rate that low not like you’re losing a lot by making payments on it.
What do they offer?
Hello WELLS FARGO....
You don’t need anything special. They’ll run hard credit checks with whatever banks they usually use and let you know what rate they can get. You could also go in with your own financing ready. Hit up your bank for a personal loan or whatever.
Didn't I just see you post in another thread how you have 2 bikes but aren't in a position financially to ride currently?
Pit Row
Remember, if financing wasn’t an option, there’d be way less bikes out there and way less dealers around.
And yes, I do have two bikes in my garage. What you don’t know is I don’t own them. I am blessed to have a father that loves moto and due to some horrible circumstances, he ended up with another brand new 2017 RMZ450 that he put in my garage for me to have a bike to ride. The 98 YZ250 in my garage was a bike he picked up for $500 5 years ago and wanted out of his garage. So if not for him, I wouldn’t have a bike to ride at all.
T. Finance 40 hours a week
Your best bet is to secure your OWN financing and walk in to negotiate the price, all the while tell them you're gonna finance the bike bec you'll get a better otd price on the bike and once you have the price agreed upon, before you fill out any of their credit apps, have your credit union so.ehow give you a blank check or a check with an "up to $ amount" or anything that'll allow you to pay them on the spot and pay that negotiated otd price.
That's the best way if you're gonna finance it....DO NOT finance through a dealer not only do they mark up your rate, they usually lock you into a revolving finance option like a credit card making it impossible to pay it off making the payments. Your loan will also be front end loaded meaning you'll pay ALL of the interest off first before really taking a chunk out of the principal. So making larger payments up front the first year does literally nothing.
I just f#&@^%#$ hate seeing someone get strapped to a financing plan on a toy. What makes sense at one point in life payment wise can change in the blink of an eye and sometimes there isn't anything we can do about it.
Also it’s Just my opinion, but the FE’s are not worth the extra money. The Red Bull graphics generally get people excited.
You could buy a leftover and add more quality parts then the ones on the FE. Good luck whatever you end up choosing.
Ghost
I mean at the end of the day if we're really going to get down to it buying a dirtbike is an absolutely terrible life decision as it is, but you gotta live a little right?
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