Motorcycle Finance

[Oscar]

Deleted due to over zealous moderation on this site.

[Hoon]

Nice article.....makes me want to buy a house now.

I better keep away from bike shops for a few weeks...you got me exploring possibilities I really shouldn't be :)

[Slim]

Oh yes, I remember financing my first motorcycle at the astonishing rate of about 24%!!! :eek5:

I haven't been anywhere near MTF since and have alternatively used AGC Finance (through the AA for my c@r) and the BNZ Activator card (designed for big purchases and with an interest rate of 12.5%). I don't own my own home, although I have had a mortgage with the BNZ in the past, but my credit rating is so good, that I've never had any problem.


Dealer Hire Purchase
The easiest way to finance your purchase – quick and simple – but probably the most expensive. Being able to provide instant finance helps dealers to sell bikes, but this is a risky proposition from a lenders point of view and is priced accordingly.

There is also the dealer’s margin, which in my opinion is well earned, because most of the time if you don’t pay, it’s the motorcycle dealer gets to make up the difference.
This is how I bought my first bike, using MTF Finance. I had an interesting conversation with Kevin at Hamilton Motorcycles a while ago about this very topic. He told me the horror story of a new Asian immigrant who purchased a motorcycle through a car dealer (it had been a trade-in) and was being charged a wopping 50% interest on the finance, courtesy of the unscrupulous dealer markup applied. He had come to Ham M/Cycles to sell the bike because he couldn't afford the repayments, and truly didn't understand what had happened to him (even when Kevin attempted to explain it to him).

Kevin says that he managed to talk his management into doing away with the dealer markup in all instances and they only charge the approx. 12% that is the standard MTF finance rate. It makes for happier customers and more sales, so everyone wins. :)

[matthewt]

12% that is the standard MTF finance rate. It makes for happier customers and more sales, so everyone wins. :)

I've found that the dealer has a reasonable amount of input to the conditions when you deal with MTF. At least they work out the interest like a normal loan, I know of a few companies that loan money for cars and although the rate is good you pay more interest at the start of the loan which means if you want to trade-in before the loan is repaid you're in a bad position (because little of the principal is paid off).

[jrandom]

they only charge the approx. 12% that is the standard MTF finance rate

Yes, I MTF'd the FXR (and my gear) via Holeshot and they put the rate at 15% IIRC. Which was good enough for me, any more and I would have gone to the bank but the MTF form is so easy to fill out and they didn't bug me for annoying bits of paperwork and it wasn't exactly a shedload of money to start with, anyway... so I'm happy.

You know all those Instant Finance (and similar companies) ads they run on TV etc? Those guys charge an actual finance rate of around 40% (and that's WITH security in the form of a charge over a vehicle etc, AFAIK). That's why they're happy to hand out cash hand-over-fist to people who are probably going to head down the road and piss it away at the TAB.

[Rocket]

thanks for the info. Its quite amazing really. FAI approved my application. And have sent me the papers to sign etc. And no where in the form or the site were the interest rates or any details lol. I guess that arrives via mail, its all to easy. gives me flash backs of the student loan days. But i wont be signing anything untill i have all the info i need to be satisified that what im taking on i can handle.

Cheers for the info. I would like to see similiar articles on insurance, that would be hella handy.

[Drunken Monkey]

I learned my lesson...21% for the first one, 17% for the second. Nothin but cold, hard cash for the third...Got a good deal tho (thanks, Dave ;)

Figure these days it's pointless to finance a toy, no matter how much I need (*ahem*) _would like_ to have one.

For those of you whom motorcycling is your one and only form of transport, it's a different story. It's acceptable if it's a necessary tool, but don't tie yourself up in repayments - don't want to be so short of cash you have to 'finance' (ie credit card) your next motorcycle service just to get to work(you know who you are!) :P

Anyway, I'm off to the track today, see you later!

[jrandom]

and another thing - Microsoft Excel is your friend. Use the PMT() and RATE() functions to analyse interest on loans, it's bloody hard to do with a pocket calculator. You can check what a given interest rate will cost, or do the reverse and analyse payments to figure out the real rate behind a deal.

And don't forget to add up the payments to figure out how much the finance is costing you (if you're shelling out $2000 extra over the cash amount, then are you getting $2000 worth of value out of the deal in terms of 'having it now' or easier cashflow, etc?)

Running the numbers for yourself can be an enlightening experience. Like Oscar said, finance can be an excellent enabler, or it can ruin your life...

[Slim]

Or check out http://www.sorted.org.nz which has all sorts of calculators and handy things on it. :)


Ps. Finance is like everything else - shop around for the best deal.

[wkid_one]

1. This means that you can get a two or three year loan for the bike, even though your home loan is over 25 years.

2. The advantages include becoming a cash buyer, thereby improving your negotiating position with your local scooter emporium, and getting lower interest rates and longer terms.

3. Buy Insurance. If paying back a loan on your bike is a pain, imagine what it’s like paying back a loan a bike that was written off or stolen (besides, most HP agreements require insurance).

To answer some of your points in turn

1. This is only any good if you do remember to structure the payments over a short term. If you get conned in to a longer term to reduce the payments - the lower interest rate may be offset by the higher total interest cost you pay

2. This is in fact incorrect and a fallacy. Most dealers now get a kick back for financing a bike which can often be as much or greater than the commission from selling the bike. They would always rather you take finance.

3. YOU HAVE TO HAVE FULL INSURANCE IF YOU FINANCE THE BIKE - it is a term of your contract. As your finance company is an 'interested party' in the contract and is noted as such - they want to ensure that if the bike is a write off - they will recieve the proceeds before you do - and it you lapse your insurance policies you are in breach of your finance contract and therefore they can repossess the bike.

I have worked for both the Banking and Finance industries for my entire working career - and in all honesty no institute wants to realise security, especially chattels security like motorcycles which, given their mobility and risk - have a highly undeterminable value (due to condition) in the event of repossession.

Rather than shopping to finance rate etc - I would recommend shopping to what you can afford to spend. You also have to factor in plenty of other things when working out whether financing your next bike is a good idea
- R&M - tyres, parts etc
- Running costs - Gas, oil, services
- Insurance
These can suddenly make your next purchase seem a lot more expensive than you thought.

IN saying that - it is presently a good time to finance with rates being low. I was offered 11% thru the dealership when I went to buy the R1.

Ask them for a discount - because at the end of the day - they don't get a red cent if they don't sell a bike.

[Oscar]

To answer some of your points in turn
1. This is only any good if you do remember to structure the payments over a short term. If you get conned in to a longer term to reduce the payments - the lower interest rate may be offset by the higher total interest cost you pay

2. This is in fact incorrect and a fallacy. Most dealers now get a kick back for financing a bike which can often be as much or greater than the commission from selling the bike. They would always rather you take finance.



Sheesh, what a maroon.
Firstly I don't recall asking for "answers".
Secondly I doubt cleaning their toilets counts as working "..for both the Banking and Finance industries..."



1. This is only any good if you do remember to structure the payments over a short term. If you get conned in to a longer term to reduce the payments - the lower interest rate may be offset by the higher total interest cost you pay


Reading comprehension still a problem after 4 or 5 years in Standard 4, huh? The whole point of the comment was to make the point that the term is important...duh..



2. This is in fact incorrect and a fallacy. Most dealers now get a kick back for financing a bike which can often be as much or greater than the commission from selling the bike. They would always rather you take finance.


Really? Bit of an expert are we?
The "kick back" is pathetic, and in return the dealer has to wear full recourse (i.e. if the bike is repo'd, any loss comes outa their pocket - not the Finance Co.). Besides I wasn't writing for the dealers, just the buyers - are you saying that dealers can offer better than housing finance rates? Dork.




3. YOU HAVE TO HAVE FULL INSURANCE IF YOU FINANCE THE BIKE - it is a term of your contract. As your finance company is an 'interested party' in the contract and is noted as such - they want to ensure that if the bike is a write off - they will recieve the proceeds before you do - and it you lapse your insurance policies you are in breach of your finance contract and therefore they can repossess the bike.


Small hint, Sparky - if you use caps yer gonna piss people off - especially if yer wrong. Prolly best to try taking your other hand of yer dick and use the caps lock key.

The article deals with all types of finance, including those where the bike isn't the primary security. If you fund your bike "on the house" you do not have to buy MC insurance (although you will prolly have to insure the house of course).
Does your Mummy know you are on the internet?



Rather than shopping to finance rate etc -

Finally, now whereas I realise that you may struggle concentrating on more than one thing at a time, most normal people can shop for finance and all the other things you recommend, at the same time. Perhaps your mummy could help you (when she's finished cleaning your sheets).

[Oscar]

Cheers for the info. I would like to see similiar articles on insurance, that would be hella handy.


You're in luck. We wrote two articles on Insurance in 2000 for KR. I'll dig 'em out...

[igor]

so ya bought another BMW

good on ya nu ya couldn't keep away from im.

[Oscar]

so ya bought another BMW

good on ya nu ya couldn't keep away from im.

Hell, no....
It's an old essay - four bikes ago. :laugh:
I didnae like the F650 at all (I still think the R100/1100/1150GSPD's are pretty good though).
I just got back from Pukemanu where I was riding me new LC4.

[DZL]

Jeeez Hoscar, how come if ya know all these cosmic finance secrets ya still went & bought a 650Dak after ya read my review that clearly defined whata crock they are? Huh? Huh? Huh?

Bloody beancounters, mutter mutter mutter . .. .. .


;-))

[igor]

LC4 = fun plus

[Oscar]

LC4 = fun plus


Ohhh, yes indeedy...what a scooter.

Brucee - how was I to know that you are the only Aussie in the World that don't talk shit...

[wkid_one]

Oscar Oscar Oscar - you obviously have issues with accepting constructive criticism. Most of this was elaborating on your points rather than a personal attack against what you said - you apparently have some large insecurity issues, if you take an extrapolation of your comments as a negative thing. Yes I realise this was obviously a 'published article'...I would have just done some more research before publishing it. I too can show the aticles I have had published in the Mortgage Industry Magazines if we wish to big note one another.

Given I am presently working as a finance manager for an Asset Finance Company who specialises in providing finance for car dealers - I would like to think I know a little about financing vehicles. My living is made by helping people finance the very things we are talking about.

Re the home loan - I was merely emphasising the point that you should keep the loan to as short a possible term. In fact - you should tie the loan to the useful life of the asset. Many people get caught out buying cars etc on their mortgage and funding it over 10 years - then they trade the car in 3 years (NZ average life for holding a vehicle is 23 months apparently) - and are still paying the loan off.

Yes Dealers do get MASSIVE kick backs from selling finance - and would rather have you finance it than pay cash. Why - because they end up with the commission - this is what they are focused on - believe me I strike it every day of the week.

Umm. re the House Statment - I hope you read your own article as you also refer to HP's - where a house can't be used as security. In fact - to be eligible for an HP - only the asset being purchased can be used as security. And if you are using a bike - it needs to be insured. Read your own article. An undisclosed HP is usually used when financing through a dealer - with a finance company taking a risk position behind the dealer.

Before you go spouting off - make sure you actually know the industry you are talking about.

Yes, financing against your house is a good option for interest rate - but the absolute interest rate and finance rate is not the be all and end all - total interest cost is the figure you should be looking at - as this is the physical amount you pay back. Rather than relying on the banks term - work out how much you can afford to repay....and adjust the term accordingly. As banks/finance companies calculate interest daily - every little extra amount contributes to reducing the principal and therefore reducing the interest costs.

Fees are a big impact driver on finance rate - and you will largely find that dealers WON'T move of fee - as this is usually driven by the finance company and non-negotiable. Whereas banks will - why - because they sting you on account fees and try and cross sell you other products - or they have all your business and can afford to fore go the fee - which goes straight to the bottom line anyway (Sorry Yamahaman......but it is true)

You still need to check on things like fixed rate penalties and exit clauses. You also as a rule need to complete more paperwork than financing the bike through a dealer.

Oscar - return to your rubbish can on sesame street and jump on the net and do some more research.....talk to you later - if I can be bothered

Ka Kite

[Oscar]

Oscar Oscar Oscar - you obviously have issues with accepting constructive criticism. Most of this was elaborating on your points rather than a personal attack against what you said - you apparently have some large insecurity issues, if you take an extrapolation of your comments as a negative thing. Yes I realise this was obviously a 'published article'...I would have just done some more research before publishing it. I too can show the aticles I have had published in the Mortgage Industry Magazines if we wish to big note one another.


You obviously have problems with comprehension, given that none of your points was valid. When you use the words "This is in fact incorrect and a fallacy".... and then make a lame point I don't think this qualifies as "constructive criticism". Perhaps you should do some more research before you jump in to what is obviously a difficult subject for you...



Given I am presently working as a finance manager for an Asset Finance Company who specialises in providing finance for car dealers - I would like to think I know a little about financing vehicles. My living is made by helping people finance the very things we are talking about.


Wow. So you're what used to be known as a "Floor Plan Checker" or "Car Counter"? And here's me only 25 years in the industry including 7 years as a Branch Manager.



Yes Dealers do get MASSIVE kick backs from selling finance - and would rather have you finance it than pay cash. Why - because they end up with the commission - this is what they are focused on - believe me I strike it every day of the week.

And I repeat - the article was written for the punters, not the dealers. If you've arranged money "on the house", you can tell the dealer you have cash.
Ask any dealer which they'd prefer; cash or finance. Can you spell "recourse", sonny?



Umm. re the House Statment - I hope you read your own article as you also refer to HP's - where a house can't be used as security. In fact - to be eligible for an HP - only the asset being purchased can be used as security. And if you are using a bike - it needs to be insured. Read your own article. An undisclosed HP is usually used when financing through a dealer - with a finance company taking a risk position behind the dealer.


What the fuck are you talking about?
I was showing the alternatives, increasing your house loan or direct HP. I made the comment about insurance and finished it with:...(besides, most HP agreements require insurance).





Oscar - return to your rubbish can on sesame street and jump on the net and do some more research.....talk to you later - if I can be bothered

Ka Kite

Whereas I am more than happy to accept constructive criticism (see this months KR Letters to the Ed for my public excoriation), I feel that the three points you made were either confusing or downright wrong and made in an aggressive and rude fashion – hence the tone of the reply. If you wanna make nice, check yer facts and stay away from that caps key.

[wkid_one]

We will have to agree to disagree. Your comments appear largely focused from a Banking Background - hardly experts in asset finance - which I am guessing most of your experience comes from. As for being branch manager - well, don't try and big note when you don't know how far up the corporate ladder the person you are. FYI - I have been higher than Branch Manager (not that you'll believe me - but like I care) - so your comment hardly impresses me - in fact, it just confirms where your ignorance comes from.

And whilst, as I indicated above, borrowing against your house is a preferential manner of purchase for interest rate - this only applies if you own a house obviously - many people don't. And with increasing house prices and stable average wages - this is become a less and less likely option for many purchases.

With the prevelance in increased equity in houses - using your mortgage is a viable source for those that own property - without a doubt - I never disputed this, merely reinforced the fact that term is the more important than interest rate. And total interest cost more important than the both of them

As for dealers not preferring cash - you are full of shit, and obviously don't deal in the asset finance industry. Dealers live off commission plain and simple, they live from hand to mouth - selling finance is a vital and critical manner for them to make a living. Recourse is an issue - provided they haven't 'oversold' the finance for the vehicle - this is why Finance Companies have internal valuers! TO MAKE SURE IN THE EVENT OF REPO - THERE IS SUFFICENT QUICK SALE VALUE TO COVER THE FINANCE~

I LIKE THE CAPS KEY.

You seem to have the impression that your comments are above reproach - and quite frankly your 'article' is ambiguous to the point of rivalling Nostradamus in its one size fits all mentality. I have, and never will, argue the point that using housing security is the best option - in fact this is the biggest competition I face in my role. However - this ONLY applies to those who own houses and have equity.

[Oscar]

We will have to agree to disagree. Your comments appear largely focused from a Banking Background - hardly experts in asset finance - which I am guessing most of your experience comes from. As for being branch manager - well, don't try and big note when you don't know how far up the corporate ladder the person you are. FYI - I have been higher than Branch Manager - so your comment hardly impresses me - in fact, it just confirms where your ignorance comes from.


There's only one person big noting here, pal.
None of my comments were designed to impress you, in fact I doubt if much gets through to someone as obvioulsy full of themself as you are...pompous wanker.



And whilst, as I indicated above, borrowing against your house is a preferential manner of purchase for interest rate - this only applies if you own a house obviously - many people don't. And with increasing house prices and stable average wages - this is become a less and less likely option for many purchases.

With the prevelance in increased equity in houses - using your mortgage is a viable source for those that own property - without a doubt - I never disputed this, merely reinforced the fact that term is the more important than interest rate. And total interest cost more important than the both of them


What is your point?
I showed the home loan thing as an option - you know; one choice of many, you fucktard.



As for dealers not preferring cash - you are full of shit, and obviously don't deal in the asset finance industry. Dealers live off commission plain and simple, they live from hand to mouth - selling finance is a vital and critical manner for them to make a living. Recourse is an issue - provided they haven't 'oversold' the finance for the vehicle - this is why Finance Companies have internal valuers! TO MAKE SURE IN THE EVENT OF REPO - THERE IS SUFFICENT QUICK SALE VALUE TO COVER THE FINANCE~


You are full of confused shit - where did I say dealers didn't prefer cash???
And what is the "Asset Finance Industry", you pretentious goit? To proud to admit you flog Hire Purchase? Sad.

If your dealers margin consists of the finance commission, I don't think they are long for this world.




You seem to have the impression that your comments are above reproach - and quite frankly your 'article' is ambiguous to the point of rivalling Nostradamus in its one size fits all mentality. I have, and never will, argue the point that using housing security is the best option - in fact this is the biggest competition I face in my role. However - this ONLY applies to those who own houses and have equity.

It was written for a Motorcycle Magazine, not for some corporate wanker with a small wang and too much time on his hands. Your comments are the only ambiguous ones, as they appear to be made in a desperate "me too, look I'm a corporate high flyer" attempt to garner attention.

I'm sorry if my advice doesn't scan with your world view, but the average KR reader is aged in his late 30's and does own a house. I think they'd much prefer to finance their new scoot that way than get the money off some second level shyster company fronted by some spotty, white shoed, mealy mouthed git like yerself.

[wkid_one]

This is all too funny. I wouldn't care so much if the information were true. You can lead a horse to water and all that. Whilst your personal comments are funny...they also highlight the level of your intellect. To revert to personal attacks to support your post doesn't really do a great deal to substantiate the validity of the points - or state of mental stablity of the author. 25 years in the 'Finance Industry' should have seen you on the odd business writing course - I would suggest you refresh yourself on how best to get your points across. All you proved here is that the substance of your thread is paper thin as you can't argue the points with personal insinuation.....shame really. I won't lower myself to your level of 'gutter language' (yes pot calling the kettle) - but once you are ready to have an adults conversation about finance - let me know - you may actually learn something - if you can open that mind of yours that is.

I am flattered you take such a personal interest in my career, being the 'fucktard' that I am. I will only make one comment - if after 25 years in the 'Finance Industry' - you only have made branch manager - there is no point in us continuing this conversation - because that speaks volumes.

PS - I notice a lot of plagurising theories from Michael Laws and Dolf De Roos.....try having your own thoughts once in a while.....you may be surprised.

And before you hit reply - think - as it would be nice if you actually just didn't regurgitate your original thread and came up with some original prose. It is hard to argue with a parrot.

[MikeL]

Entertaining though this continuing saga is, it seems to have reached a phase that might be more appropriately continued through private messages: I mean, further pointless abuse-hurling, comparison of CVs and dick sizes, etc., culminating in a mutually agreable appointment for pistols at dawn.

[Oscar]

This is all too funny. I wouldn't care so much if the information were true. You can lead a horse to water and all that. Whilst your personal comments are funny...they also highlight the level of your intellect. To revert to personal attacks to support your post doesn't really do a great deal to substantiate the validity of the points - or state of mental stablity of the author. 25 years in the 'Finance Industry' should have seen you on the odd business writing course - I would suggest you refresh yourself on how best to get your points across. All you proved here is that the substance of your thread is paper thin as you can't argue the points with personal insinuation.....shame really. I won't lower myself to your level of 'gutter language' (yes pot calling the kettle) - but once you are ready to have an adults conversation about finance - let me know - you may actually learn something - if you can open that mind of yours that is.

I am flattered you take such a personal interest in my career, being the 'fucktard' that I am. I will only make one comment - if after 25 years in the 'Finance Industry' - you only have made branch manager - there is no point in us continuing this conversation - because that speaks volumes.

PS - I notice a lot of plagurising theories from Michael Laws and Dolf De Roos.....try having your own thoughts once in a while.....you may be surprised.

And before you hit reply - think - as it would be nice if you actually just didn't regurgitate your original thread and came up with some original prose. It is hard to argue with a parrot.


The very nature of the original publication meant that the article was meant to be non-threatening (once over lightly). It was never intended for pompous dorks like you to weigh and make petty points about technicalities. I notice you have given up trying to justify your comments, instead relying on the very ad hominem style of attack that you are whinging about me using.

And for a guy with so much to say about other people stuff, you still have a problem with comprehension - where did I say I was still a Branch Manager?

I would be interested to know which theories I was “ plagurising” from Michael Laws and Dolf De Roos. I find the former a self-important posturing light weight (much like your good self) and know little of the latter. You may also wish to invest in a spell checker before making derogatory comments about other peoples’ intellect, Nancy.

As for you being a fucktard, your comments about your glorious career only support what I had begun to suspect when you published your fantasies of exceeding 300kph+. You see any insults I can fling are superfluous in the light of your own posturing and public onanism – your own posts show you are obviously an attention seeking little boy with a very small penis.

[Oscar]

Entertaining though this continuing saga is, it seems to have reached a phase that might be more appropriately continued through private messages: I mean, further pointless abuse-hurling, comparison of CVs and dick sizes, etc., culminating in a mutually agreable appointment for pistols at dawn.

Very reasonable, Mike - but not nearly so much fun...

[Motu]

Oi...do your Pukemanu report and post pictures - I wanna see this LC4!

[wkid_one]

Very reasonable, Mike - but not nearly so much fun...
Ahh - something we do agree on.

[Oscar]

Oi...do your Pukemanu report and post pictures - I wanna see this LC4!

This'n here?

[DZL]

What rush of blood had you go to that Katoomba insteada the Husky you were all engorged about so recently, it doesnt even have the KTM corporate colours . .. . . ?

What is a 'fucktard' . . is it anything to do with how ya feel after a day riding the thing?

Cheers
BrooC

PS And what is a 'goit'?

;-))

[What?]

And what is a 'goit'?

;-))
or "prolly" or "plagurising". :Oops:

[Oscar]

What rush of blood had you go to that Katoomba insteada the Husky you were all engorged about so recently, it doesnt even have the KTM corporate colours . .. . . ?

What is a 'fucktard' . . is it anything to do with how ya feel after a day riding the thing?

Cheers
BrooC

PS And what is a 'goit'?

;-))

KTM/Husky Five reasons:
1.The Husky was sold.
2. The KTM had more power.
3.The KTM had more power.
4. The KTM had more power.
5. The KTM had more power.

A "fucktard" is a) a retarded fuckwit, or b) an Australian of average intelligence.

A "goit" is............well, shit, don't you watch "Red Dwarf"?

[Oscar]

or "prolly" or "plagurising". :Oops:

"Prolly" is one I picked up from DZL - Aussie spelling.

"plagurising" is a wkid_drone spelling mistake. He made it just after he started slinging shit about intellect...

[DZL]

. . . Hey Osc, yer W_kid mate lost me with ;-

" . .. I have, and never will, argue the point that using housing security is the best option - in fact this is the biggest competition I face in my role. .. . "

. . .. . would you perhaps be able to translate this into sumple koiwoi fer me plz, frum there I can transliterate ut into English by meself!


BrooC

[Motu]

KTM/Husky Five reasons:
1.The Husky was sold.
2. The KTM had more power.
3.The KTM had more power.
4. The KTM had more power.
5. The KTM had more power.


So,the poor old Husky had a bit of trouble hauling your fat arse,guess you need more power eh - so could the 950 haul the arse? is that you I see with it in Merv's pic?

Just read the latest KR - I can't believe some fuckwits have moaned about your write up on the Far North,maybe I have the advantage being able to imagine you saying it,missus having to dodge the flying spit...but I thought it told me all I needed to know,soft sand....going out further to find more soft sand - hah! It was the experiance you told,facts have warts,get a life.My copy went to Canada,so I can't go back and read it,but anyway,no complaints from me.

[DZL]

. .. . Oscars' Far Nth reportage seemed to me to be totally congruent with my own experiences of a few visits to that event, which personally I summarise as 'A little goes a long way'.

As ever it seems that many folks have trouble differentiating between a rational objective report & their own subjective perceptions . .. . yer just casting ya pearls before swine Osc.

Tae feck wi em!

;-))

[What?]

"Prolly" is one I picked up from DZL - Aussie spelling.

"plagurising" is a wkid_drone spelling mistake. He made it just after he started slinging shit about intellect...
Thought that mihgt haev been teh caes. :bleh:

Hey, Firefight - you have been very quiet. How about bringing this thread back on track? (of course the language might raise some ire...)

[Oscar]

. .. . Oscars' Far Nth reportage seemed to me to be totally congruent with my own experiences of a few visits to that event, which personally I summarise as 'A little goes a long way'.

As ever it seems that many folks have trouble differentiating between a rational objective report & their own subjective perceptions . .. . yer just casting ya pearls before swine Osc.

Tae feck wi em!

;-))

Thanks Brucee (and Motu, ya lippy little shit).
I was feeling a bit unloved there fer a while.

On a related note, Team Ribena were at Pukemanu...

[Oscar]

. . . Hey Osc, yer W_kid mate lost me with ;-

" . .. I have, and never will, argue the point that using housing security is the best option - in fact this is the biggest competition I face in my role. .. . "

. . .. . would you perhaps be able to translate this into sumple koiwoi fer me plz, frum there I can transliterate ut into English by meself!


BrooC

It's called "Look at me! I'm an expert, a legend in my own lunchbox and I can talk shit with the best of 'em..."

[DZL]

. . .. . sounds like it's a wole that yer quite familliar with Oscar, poisonal 'sperience & all that shite!

Hahahahhahaaa . .

;-))

[Dafe]

Geez, I might just have to go out and buy that 05 Gizzer 600 if thats how easy it is. May as well take the 1000 too.
I hate it when you guys get me thinking like that!

[WINJA]

Nice article.....makes me want to buy a house now.

I better keep away from bike shops for a few weeks...you got me exploring possibilities I really shouldn't be :)
BUY A HOUSE , YOU CANT LOSE GOD IS MAKING NO MORE LAND BUT PEOPLE ARE MAKING MORE PEOPLE YOU DO THE MATHS

[Insanity_rules]

BUY A HOUSE , YOU CANT LOSE GOD IS MAKING NO MORE LAND BUT PEOPLE ARE MAKING MORE PEOPLE YOU DO THE MATHS

I'll second that. How can ya lose? My wife has been in the financial industry (Specificially credit) for about 8 years and it amazes me how cavalier some people can be with their credit rating.

When we bought our last car you should have seen the fun she had with the dealers finance person. It ended up with us going to the bank, long story but she wanted to see what the true finance rate was and we both almost fell over backwards. Was about 43% when you included all fees and before you jump to the conclusion it was a dodgy little dealer, it wasn't. It was one of Wellingtons largest franchise dealers.

[mikey]

I'll second that. How can ya lose? My wife has been in the financial industry (Specificially credit) for about 8 years and it amazes me how cavalier some people can be with their credit rating.

When we bought our last car you should have seen the fun she had with the dealers finance person. It ended up with us going to the bank, long story but she wanted to see what the true finance rate was and we both almost fell over backwards. Was about 43% when you included all fees and before you jump to the conclusion it was a dodgy little dealer, it wasn't. It was one of Wellingtons largest franchise dealers.

wouldnt be wholesalecars direct, the new king of railway ave would it?

theyre also got a deal with mag and turbo, they show the cars with $3000 dolalr mags on it, you like car, take for test drive, think about buying it, like it still, then get told mags are extra...

[Insanity_rules]

wouldnt be wholesalecars direct, the new king of railway ave would it?

theyre also got a deal with mag and turbo, they show the cars with $3000 dolalr mags on it, you like car, take for test drive, think about buying it, like it still, then get told mags are extra...

Rutherford and Bond Toyota! How's that for a surprise? Toyota in house finance is a rip off. And we were told we would have paid more in fees and interest if we didn't have such a clean credit rating, so what we got offered was the best deal they had.

Damn that wholesale cars direct stuff sounds like a complete rip dude.

[SARGE]

contrary to the urban myth.. " CASH BUYER" does not hold the weight it once did.... the retail price IS the cash price at many shops anymore .. we actually want you to sink into HP.. alot of places get fnance kickbacks off the finace companies..i can usually do a better deal on HP than i can cash

["D" FZ1]

We do a lot of finance using YMF (Yamaha Motor Finance). On new bikes we will finance from no deposit, or used from 10% deposit. I have found them very good to deal with and very competitive with their rates.

[terbang]

Cash Cash and more Cash is the best way to go..(we all know that).

[magicfairy]

Put it on the house.
Most Home Lenders these days are only happy to provide additional loans using your home as security.

Stuart Hamilton
And Oh So Easy!. Banks actively encourage it - and invite you to spend more than you were planning to.
So far 3 bikes and 1 car have "gone on the house" in our family. :yes:

[Oscar]

And Oh So Easy!. Banks actively encourage it - and invite you to spend more than you were planning to.
So far 3 bikes and 1 car have "gone on the house" in our family. :yes:

Yup!
That's where the LC8 came from....

[moko]

Always worth asking dealers for special finance deals,especially near the end of the month when they`re punting for bonuses from manufacturers or in the middle of winter when they`re not doing much business.They`ll still get money out of you,you`ll probably pay full list price for your bike to claw back a bit of what they`ve lost on the finance deal,swings and roundabouts.
Worth checking for manufacturers special deals as well,all the Jap manufacturers here have offered zero interest deals this year in the U.K.,usually on models that are slow to shift or "end of line" like the last of the oil/air-cooled Bandits.
Finance is a commodity,same as a bike so why dont more people haggle? Never hurts to ask,dealer want your signature on a credit deal as much as he does to sell you a bike,there`s money in both and they`ll negotiate both if you push.

[Pancakes]

For sure! Haggle, I work for a finance company that looks after all kinds of crap. You can put the shits up a finance co staff member by asking for the finance rate. Most of the time it will sound whopping, most companies will get the cash one way or another, with fees or the rate, your not going to get the best price the first time, if you'll pay more why would they charge less? They are businesses there to make money. Can't comment about other companies but while we have a rate scale that will dictate the highest rate to be offered but there is room to move if you aren't too much of a risk. Home owner/ good length of time in job & house weather it's yours or not and no poor baycorp history and your normally going to get lent to and they'd rather have half the money instaed of none. Remember though most companies that lend money borrow it and insure themselves to lessen their liability so 0% isn't the bottom rate. I'm not going to go into ours but with alot of the lenders they are borrowing at over 10%! Anyway, mention KB on the phone, you never know who's on the other end and while most lenders won't say who they are things might just get a bit easier.


Most of all, save. Who had their dream bike as their first ride? a cheap ride on the tick can be affordable and paid off quick. I financed my bike (staff rates but I'm still paying interest) cos it's the same price as what the bus would have cost, got a slow ass bike but it doesn't break down like the bitsa's I was putting together and I'm not sitting next to some munters armpit.

ALSO, I recon heaps of shops work their tit's off for the sales they get so If, like me you called up and said I'll pick up my new XXXXXXXX in a week thanks. Ask for a discount for being their easiest sale of the day. If you don't ask you'll never find out.

Sorry for the crap grammer/punctation. I hate it too but am tired an all that

[McDuck]

mmmmmmmmm sticky......

[tri boy]

Not so much being said about finance companies, and "putting the bikes on the house" anymore.:confused:
Reality is finally catching up to the loose consumer. Excellent pickings coming up for those that had financial discipline over the last 5years.:laugh:

[McDuck]

Lol as it stands i am quite happy with my few hundred bank overdraft, no cards no loan etc.

[JimO]

Lol as it stands i am quite happy with my few hundred bank overdraft, no cards no loan etc.

your only a hairy arsed boy though, wait until your in your 40s and have a house or two a few kids and various 4x4s and bikes then you will look back and think i remember when i didnt owe anything

[tri boy]

Two excellent pieces of advise passed on to me years ago.

1 Save 25% of what you earn each month, but live it up on the other 75%. Life is for living.

2 And the most important: "Banks do not loan you money.....They sell you Debt"


Get your head around those two pearls of wisdom, and the wolves will never come to your door.:msn-wink:

[CHOPPA]

Not even sure what im replying too but just thought id let you guys in on the best motorcycle finance company in nz, it may have already been mentioned but i didnt read all the replys... Its Moto Finance in Tauranga owned by richard scott an ex motorcycle champion, just say Sloan referred ya!!

[nodrog]

Not even sure what im replying too but just thought id let you guys in on the best motorcycle finance company in nz, it may have already been mentioned but i didnt read all the replys... Its Moto Finance in Tauranga owned by richard scott an ex motorcycle champion, just say Sloan referred ya!!

i know a couple of people who have used them, and have nothing but good things to say :2thumbsup