Full of Titanium go-fast bits!
I'm keen on a new bike.. Excecpt the $17,995 + ORC tag on it!
I have about 12,000 sitting my savings account.. I wish to go and borrow $8k.. So i can buy my new bike, and a new hot water cylinder at the same time! Woo high pressure hot water!
Its better to borrow cash from somewhere like a bank, and go in to bike shop with cash right? Rather than financing the bike from the shop?
Thoughts please!
"And, look, the luscious and fecund fronds of the Silver Fern has given brilliant birth to a stupendous fruit! A red Hondaberry, desposited by a lesser known species of Plonker Gittus Maximus Idiotus."
Blowin up bikes since ages ago
If you really want to get a loan then you shold "shop around". Look at a few websites, ring a few different companies and talk to people. My thoughts would be that you would probably get the best deal with the bank that you already have your savings with. You could negotiate a cash price with the shop and then loan from the bank at quite possibly a better rate than from the shop... Good luck!
"Some people are like clouds, once they fuck off, it's a great day!"
Mad nagging bitch!
I wouldn't be borrowing at all, especially in these uncertain times.
If you haven't got the cash, maybe you just can't afford it.....
Diarrhoea is hereditary - it runs in your jeans
If my nose was running money, I'd blow it all on you...
Que?
Buying brand new bike = large depreciation.
Borrowing money for said bike = increased actual cost.
Solution = buy 2nd hand & pay cash.
I am yet to live by this, my own advice, but have recently turned over a new leaf.
sem fiddy pilot
I see Yamaha have a deal at the moment of 4.99%... on the 2008 R1 and 2009 R6 I had a look at the other day, anyway
Member, sem fiddy appreciation society
Originally Posted by PrincessBandit
Forum whore
I should imagine they make more from the deal if you finance it as they very likely get a kickback from the finance company if they write the deal. I have had dealers offer better deals (on purchase price) when buying with finance than with cash.
Some of the rates with the likes of YMF are (were) pretty reasonable - Yamaha like to sell bikes.
i'm motarded
take your 12k to sky city, you could double it with one spin of the roulette wheel.
Blowin up bikes since ages ago
Would you like a gun with that sir?
"Some people are like clouds, once they fuck off, it's a great day!"
Hardcore Biker
Some people would rather you gave up biking and became an accountant!!!!
There is nothing wrong with borrowing money for something you love. As long as you are relatively certain that your job is safe and can afford the repayments. You've saved most of it already and that places you in a good position to borrow the rest.
Hardcore Biker
What exactly were you looking at buying?Surely you could get a fairly recent 2nd hand model for around the 12k mark?
But I guess if new is what you want then go for the loan I say!
Good luck!
Moped rider
Just make sure if you borrow the money you still have to pay it back plus interest no matter what happens (that of course does not apply if you are a finance company who take peoples money but dont pay it back if they go tits up)
<- A new way to take a rubber!
MAke sure you can get insurance at a reasonable cost too first. Some insurers don't like or load premiums on bikes with other interested parties as it presents a further risk / complication.
If lending, I'd prefer a bank loan or mortgage top up.
Have you pawned off any old stuff you no longer need just to get you a little bit closer?
BogOff-Cant you see I'm busy?
Hey Winter, spill the beans! What are you looking at buying.
There's some really bad advice on here. There are some great deals on new bikes making them far better value than 1-3 year old second hand ones. Plus they don't leak oil after a few months because you know who has run it in.
Once in a lifetime opportunity. Go for it!
PHEW.....JUST MADE IT............................. UP"
$1,101,806
Tried family....
Hardcore Biker
Ok your the only one knowing your income/outgoing... so you make the final call to buy the dream bike.. or not... but my advice is stay away from finance companies... stick to banks...and barter like hell... give them your insurance, and talk to a lending manager, not just jo blogs... BARTER I SAY.
Flick it on the mortgage if you have one... lower interest rates...
YA ONLY LIVE ONCE... ENJOY.. HOT WATER.. AND NEW BIKE!!!!!
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