Motorcycle Finance

["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.

[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.

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.
Reality is finally catching up to the loose consumer. Excellent pickings coming up for those that had financial discipline over the last 5years.

[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.

[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:Me]

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