ok...so it will be the 1098s - red...
anyone have a good loan suggestion? i can 36 month at 4.9% from a local credit union....anyone know of something cheaper?
That's excellent for a moto or personal loan.
JM
4.9%'s pretty good when you consider mortgage rates hover around 5%.
try this site if you want to price shop some more:
http://www.bankrate.com/auto.aspx (http://www.bankrate.com/auto.aspx)
Quote from: s2r800 on April 13, 2009, 02:09:19 PM
ok...so it will be the 1098s - red...
anyone have a good loan suggestion? i can 36 month at 4.9% from a local credit union....anyone know of something cheaper?
Great bike choice.
Pity you can't get a better loan deal as over here in the UK, Ducati are offering 0% deals on most of their range.
LOOKS LIKE 4.9% IT IS! THANKS GUYS
Feels good to decide, right? [moto] 1098S - wow wow wow [thumbsup] 8)
Are you selling the Monster before you sign the contract on the new bike?
I'm in the minority here for this....but can you not afford the bike without a loan? You are upside down on it the minute you leave the dealer. Do you have the money but it's doing better than 4.9 percent for you elsewhere?
Too many people financing toys that are unusable due to crash or accident so soon but still owe the bank money.
If you don't have the twelve or so grand somewhere you shouldn't buy the motorcycle.
major downer threadjack over. Back to your regular enthusiastic bikers forum.
Quote from: Statler on April 13, 2009, 04:38:41 PM
I'm in the minority here for this....but can you not afford the bike without a loan? You are upside down on it the minute you leave the dealer. Do you have the money but it's doing better than 4.9 percent for you elsewhere?
Too many people financing toys that are unusable due to crash or accident so soon but still owe the bank money.
If you don't have the twelve or so grand somewhere you shouldn't buy the motorcycle.
major downer threadjack over. Back to your regular enthusiastic bikers forum.
i'm right there with you. loans are for houses...
Quote from: Statler on April 13, 2009, 04:38:41 PM
I'm in the minority here for this....but can you not afford the bike without a loan? You are upside down on it the minute you leave the dealer. Do you have the money but it's doing better than 4.9 percent for you elsewhere?
Too many people financing toys that are unusable due to crash or accident so soon but still owe the bank money.
If you don't have the twelve or so grand somewhere you shouldn't buy the motorcycle.
major downer threadjack over. Back to your regular enthusiastic bikers forum.
good questions....
1. i listed the monster for sale. if it sells great - if not - no biggie. but - i did take a deposit on it from a guy today
2. i have the cash for the bike - BUT - it is being bought for me as a business gift from a company i underwrite a lot of my clients with. they have agreed to make payments but not pay the flat out 18k - i guess for tax purposes it is easier for them to make payments on it for 36 months. i won't argue with their choice - just figured i would see if i can find a better loan option for them. (thanks for looking out though!)
Quote from: s2r800 on April 13, 2009, 04:55:33 PM
good questions....
1. i listed the monster for sale. if it sells great - if not - no biggie. but - i did take a deposit on it from a guy today
2. i have the cash for the bike - BUT - it is being bought for me as a business gift from a company i underwrite a lot of my clients with. they have agreed to make payments but not pay the flat out 18k - i guess for tax purposes it is easier for them to make payments on it for 36 months. i won't argue with their choice - just figured i would see if i can find a better loan option for them. (thanks for looking out though!)
Buy the bike and have them make the payments to you. Then you get the interest too. [thumbsup]
Quote from: hbliam on April 13, 2009, 04:58:33 PM
Buy the bike and have them make the payments to you. Then you get the interest too. [thumbsup]
already thought of that - it won't fly. they can do it however they want - i will not argue with a free bike!
niiiiice. [thumbsup]
Chris, that is so ..... so ....I don't know? Grown up!
I wrote a bunch of other stuff, but had to erased it as it dawned on me one can't really "justify" buying a new Red 1098S Ducati.
LA
Quote from: LA on April 13, 2009, 05:23:55 PM
Chris, that is so ..... so ....I don't know? Grown up!
I wrote a bunch of other stuff, but had to erased it as it dawned on me one can't really "justify" buying a new Red 1098S Ducati.
LA
sometimes being grownup means you get to play with the best toys. (motorcycles too)
fiscal conservative and enthusiasm of a thirteen year-old. great combination.
[moto]
oooooo it better not be a company that got government bailout money or i'm telling ;)
4.9% through your credit union is actually pretty darn good. Not many low fixed financing rates for new motorcycle loans and even higher for used. 8.99% is usually the average
Right now Ducati is using Freedom Road Financial and have some some fairly decent rates depending on the model. I bought my 696 with a 6.25% rate through Ducati and Freedom Road Financial. My bank was 10%...no friggin way. 1098s are going as low as 3.9% and the 848 is as low as 5.25% when financed with Ducati and Freedom Road
Quote from: Duki09 on April 14, 2009, 12:59:03 AM
4.9% through your credit union is actually pretty darn good. Not many low fixed financing rates for new motorcycle loans and even higher for used. 8.99% is usually the average
Right now Ducati is using Freedom Road Financial and have some some fairly decent rates depending on the model. I bought my 696 with a 6.25% rate through Ducati and Freedom Road Financial. My bank was 10%...no friggin way. 1098s are going as low as 3.9% and the 848 is as low as 5.25% when financed with Ducati and Freedom Road
1098 is 3.9% from ducati? i'll look into that again - thanks