Ducati Monster Forum

Oh wait a second....................


in store credit?

On the bike or apparel?

this is a National Ducati program that just got announced.. 

The finance offer is hard to beat...$10000 @ 4.5% for 60months is $186.43 and $1185.80 total in interest over 60 mo.
 
The largest incentives are on 1198R at $1500 and then down to $400.00 for a M696 and how the credit is used is up to the customer.  Serv credit, money off bike, acc credit or??   

You are quoting a completely different interest rate and payment terms then the offer above.

The rate above is 3.99% APR on a 48mo loan.

You are saying 4.5% for 60months.


So which is it?

Those rates seem pretty good.  Hard to get rates that low for "toys" through banks.

mitt

Gotta go through credit unions. at the age of 22 with ZERO credit history I joined the Merck Sharp & Dohme CU and got a 3.74% rate and with no co-signer.

Or learn to not finance toys.  [roll]

can you explain why you feel that way??   

can you explain why you feel that way??   

45       Moto Board  / General Monster Forum / Re: New 2.99% finance offer just announced from Ducati       on: January 17, 2010, 02:44:20 PM
don't worry Slater,  I learned long ago not to take any forum dialogue to heart...especially negative reactions to comments I may have posted.  Don't like it, don't read it.. I really try and just lend positive relevant information that may or may not turn into a business opportunity at some time for us.  As a sponsor we appreciate the opportunity to share with a group of enthusiasts.  

This is my 32nd year in the m/c industry and I have seen every form of BS finance offers you could ever hope for....most were just stupid.  Revolving cards with 23%++ rates used for the down payment and then the rest at a higher variable rate loan for 72 months!  I saw this abused by a few of the Japanese manufacturers using high risk lenders but it all started clamping down a few years back.  I remember someone I worked with talking about getting his first m/c bank loan in the early 80's and he was unemployed!  Dealers were allowed to underwrite or guarantee the deals.  If it went to default it was up to the dealer to go get it!!  It has changed so much with truth in lending laws and full disclosure and privacy laws all for the better IMO. We have always encouraged sensible choices when it comes time to finance a bike..  10-20% down at minimum, reputable lenders or credit unions..  

In the end if you believe you can afford and justify the payments and have factored in all the expenses like insurance and gear that go along with riding and owning a motorcycle regardless if it is for transportation or just because you want the thrill of it in your life then I would agree with those who say go for it!   Go live some life, most everyone here knows what the excitement from buying that first bike is like!!  Encourage others to experience it, teach and share with them what you know and how it has effected your life but let them make their own decision ultimately how to get there.  Right now the motorcycle industry as a whole needs consumer confidence and support!!  Brick and mortar stores will only be around if you continue to support them.  I hate to speak for the industry but we all need your support right now if you want us around.  I am very thankful we represent a brand that takes the plunge and offers straightforward affordable finance offers to help spur on sales.  Not to mention the fact that they are producing some of the most coveted bikes out there right now and into the future by the looks of it..  

You have to admit, that's a pretty awesome looking range.

(http://www.ducati.com/od/ducatinorthamerica/en/news/img/media32001_0.jpg)

Dave R, I think you just cost me some money........     [beer]

I'll know in a little while.

some things never change...


Thanks for posting this DaveR but it'll almost always get shit on....nice to know whats out there though.  [thumbsup]

well what are you getting??

I am getting an '09 Monster 1100, and I am paying cash. 

I think it is $650 on the Monster, and it is credit at the store or the good rate, they never give both.  I'm taking the store credit.

Of course, more misleading information by Ducati North America.

their pretty add says up to 1500$ and now the credit is only 650 on the bike you want.

So the real question is.............what bike gets you the 1500$??

Last years model? A bike that isn't selling well?


what a make the beast with two backsing sham.

The largest incentives are on 1198R at $1500 and then down to $400.00 for a M696 and how the credit is used is up to the customer.  Serv credit, money off bike, acc credit or??  

Why?

Dave (Mr I) was giving very very good financial advice.

I don't finance toys either. They are toys. They aren't a car or mortgage payment. I'd only finance a bike if I lived in an area where I didn't need a car and rode everyday as the bike would then be my car.


It isn't shitting on when it is good advice to some younger board members who might not have a good grip on their finances.


More people should listen to Dave then to think they are getting a great rate on a bike.


And yes, I have 3 titles in my safety deposit box for my bikes. I saved up for several months and even over a year or two and paid in cash.

As dave said...........you wreck it..........you still pay on it.

Can anyone fix this ; why is it called Ducati North America instead of Ducati USA (yeah DNA sounds prolly better).   It's really, really annoying to call our dealers and get the usa-only offer answer.  Fix this dammit, there are 23 countries in North America.

It's just funny what bikes they give you 1500$ on

the ones that are like 20k.

Ducati, like any other business, still needs to keep its profit margin.  Can't give you $1,500 incentive on a 696 or 848 when there just isn't much profit. 

Which I am curious if dealers are required to pay a percentage of service/labor income back to Ducati?

nope.

Note that the bike that's actually selling like hotcakes at the moment and costs a fortune is not included in this incentive at all.

Yes, you should never finance toys, when you have an extra $20,000 in the bank.  Some people are not as fortunate, and not because of lack of hard work or foolish spending.  Low interest rate financing may help some people get a bike before they are too old to ride it.

My point with the video is to show how some of the options you get from an online forum may not apply to one's specific situation. 

Or learn to not finance toys.  [roll]


Nice deal Dave-hope you sell some bikes.

The crash argument is also stupid. Any lien holder makes the buyer carry full coverage insurance. If you crash it, the loan gets paid off. Not carrying full coverage insurance on a high $$ bike is stupid...regardless of how the bike was paid for.

It's a happy medium between full finance and paying cash.

Of course. If someone has to finance the entire purchase price, which could lead to being upside down immediately and the insurance problems you mention, then they can't afford it.

Do they offer gap coverage on motos? I've seen it for cars...but never motos (never asked though).

one should put down enough up front so they are never upside down on the loan.

Again I'll say that if you can make a payment to a bank for then you can make a payment to a money market account.  This is payment money, so how does it impact safety cushions?  I mean you're making a payment to a bank to avoid dipping into an emergency fund and some how you can't make a payment to your MMA to avoid dipping into an emergency fund?

Sure if you're in the loan-purchase loan-purchase cycle then it will mean keeping the purchase for a couple of years longer before the next purchase to break the cycle, but you  . . only  . . have  . . to do it  . . once in your life.

How does it tie into the OP?  Down a few posts.  "Well my interest was only $30/mo for 18/mo."   Well that was $540 you sent to the bank instead of "insert dealership here" for accessories.


Think long term.

I'd say bare minimum if you *must* buy a bike one should put down enough up front so they are never upside down on the loan.

I'd say bare minimum if you *must* buy a bike one should put down enough up front so they are never upside down on the loan.

Any investment that earns more than a MMA involves the risk of losing a portion or worse the entirety of the investment or is locked up in long terms to where one can't get to it easily.

 Down a few posts.  "Well my interest was only $30/mo for 18/mo."   Well that was $540 you sent to the bank instead of "insert dealership here" for accessories.


Think long term.