Which motorcycle finance?

[Rhyscarrer]

What's the best finance company to use?

[Gremlin]

None of them, stuff that. If you can't get a bank loan, then you really shouldn't be trying to "afford" the bike.

That said, you shouldn't be purchasing a liability on credit anyway...

[swbarnett]

you shouldn't be purchasing a liability on credit anyway...

In an ideal world this would be true. Some don't have that luxury. Especially when it's their only transport.

Then there's the fact that the repayments plus running costs can add up to less than the cost of public transport. Assuming you can even get it from where you are to where you need to go.

[Maha]

Cash works best for me, but if that is out of the question, as Gremlin said, Bank Loan.

[jim.cox]

If you cant afford to pay cash - you cant afford it.

But if you absolutely have to borrow, start with the bank, MTF are ok, avoid GE Money like the plague they are....

[mossy1200]

If you cant afford to pay cash - you cant afford it.

But if you absolutely have to borrow, start with the bank, MTF are ok, avoid GE Money like the plague they are....

I think banks like to hand out credit cards if its under 5k. Not sure that's very good as most people will operate them at the limit and never repay.

[Ender EnZed]

In an ideal world this would be true. Some don't have that luxury. Especially when it's their only transport.

Then there's the fact that the repayments plus running costs can add up to less than the cost of public transport. Assuming you can even get it from where you are to where you need to go.

http://www.trademe.co.nz/motors/moto...-729722144.htm

Problem solved.

[Akzle]

I think banks like to hand out credit cards if its under 5k. Not sure that's very good as most people will operate them at the limit and never repay.

what are you talking about? that is fucking excellent for an economoney!

[5150]

http://www.trademe.co.nz/motors/moto...-729722144.htm

Problem solved.

mmmmmm, I see a potential for a mini café racer right there

[Smiff-ta]

What's the best finance company to use?

I have a facility with UDC and can finance bikes if required.

Unless you have property to secure the debt against none of the banks with give you a decent rate. The banks currently are doing unsecured personal loans around 14%-19.5% see here www.interest.co.nz/borrowing/personal-loan

GE & MTF will be starting around 12.99%. But not always keen to lend on bikes. Current Car % rates here www.interest.co.nz/borrowing/car-loan

If you want a quote I am more than happy to provide one. That goes for anyone reading this.

Let me know if you want anymore actual money lending advice. Its my job and has been since 2008

Cheers James

[Akzle]

I have a facility with UDC and can finance bikes if required.

Unless you have property to secure the debt against none of the banks with give you a decent rate. The banks currently are doing unsecured personal loans around 14%-19.5% see here www.interest.co.nz/borrowing/personal-loan

GE & MTF will be starting around 12.99%. But not always keen to lend on bikes. Current Car % rates here www.interest.co.nz/borrowing/car-loan

If you want a quote I am more than happy to provide one. That goes for anyone reading this.

Let me know if you want anymore actual money lending advice. Its my job and has been since 2008

Cheers James

well james, now that you mention it i could do with about 30k at 4%. Muskarah, not that usurious jew shit.
Blew out a bit last weekend...
Secured by my bag of chips and the fact that im fucking impeccable.

[Big Dog]

If you cant afford to pay cash - you cant afford it.

But if you absolutely have to borrow, start with the bank, MTF are ok, avoid GE Money like the plague they are....

Plus 1


Stupid phone / Tapatalk, apologies in advance.

[Big Dog]

I have a facility with UDC and can finance bikes if required.

Unless you have property to secure the debt against none of the banks with give you a decent rate. The banks currently are doing unsecured personal loans around 14%-19.5% see here www.interest.co.nz/borrowing/personal-loan

GE & MTF will be starting around 12.99%. But not always keen to lend on bikes. Current Car % rates here www.interest.co.nz/borrowing/car-loan

If you want a quote I am more than happy to provide one. That goes for anyone reading this.

Let me know if you want anymore actual money lending advice. Its my job and has been since 2008

Cheers James

Isn't that a bit like taking betting advice from a bookie?

On a more serious note: only borrow money when the cost if going without is higher than the true cost of the loan.
Borrow for the shortest term you can afford. You can always refinance bit you don't know how your needs will change over 3 years. Living with a debt you can. No longer afford for 3 months sucks. For 3 years is soul destroying and ultimately leads to more debt. A loan I once took on a bike for 13k ended up costing me 27k after several refinances due to changes in circumstances. Getting out from under that rock meant a year of living on $50 a fortnight in groceries, no meals or coffee out and riding a 110 cc scooter. I still faced another 2 years of this when the GFC came along and saved me.
Had I not been able to volunteer for redundancy I don't honestly know I could have gone on.

Try to borrow on a range where you can still have savings so your loan does not become permanent. At a time that suits kill you loan.

I understand sometimes you must borrow. Please do not borrow for a want.


Stupid phone / Tapatalk, apologies in advance.

[Big Dog]

No greater poverty than debt.

Looking back over the 20+ years since finance companies became a regular part of our lives it is little wonder I can't afford to take my children away on holiday like my dad did. Or that the gap between the rich and the poor is expanding so.


Stupid phone / Tapatalk, apologies in advance.

[swbarnett]

http://www.trademe.co.nz/motors/moto...-729722144.htm

Problem solved.

Think again. The bike at the time was a CB250 so similar pricing. The repayments and running costs worked out at about half that of public transport.