Motorcycle Finance

[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".