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bike choice has been made - now its loan choice....

Started by s2r800, April 13, 2009, 02:09:19 PM

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s2r800

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?

the_Journeyman

#1
April 13, 2009, 02:16:10 PM
That's excellent for a moto or personal loan.

JM
Got Torque?
Quote from: r_ciao on January 28, 2011, 10:30:29 AM
ADULT TRUTHS

10. Bad decisions make good stories.

CDawg

#2
April 13, 2009, 02:57:25 PM
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

Snips

#3
April 13, 2009, 03:01:43 PM
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.
2009 red Monster 1100s
2008 red Monster 696+ - sold
2006 red Monster 620 - sold

s2r800

#4
April 13, 2009, 03:02:40 PM
LOOKS LIKE 4.9% IT IS!  THANKS GUYS

stopintime

#5
April 13, 2009, 03:11:59 PM
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?
268,000 km/eighteen years - loving it

Statler

#6
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.
It's still buy a flounder a drink month

herm

#7
April 13, 2009, 04:51:14 PM
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...
If you drive the nicest car in the neighborhood, work in a cash business, and don't pay taxes, you're either a preacher or a drug dealer...

s2r800

#8
April 13, 2009, 04:55:33 PM
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!)

hbliam

#9
April 13, 2009, 04:58:33 PM
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]

s2r800

#10
April 13, 2009, 05:01:52 PM
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!

Statler

#11
April 13, 2009, 05:11:14 PM
niiiiice.     [thumbsup]
It's still buy a flounder a drink month

LA

#12
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
"I'm leaving this one totally stock" - Full Termi kit, Ohlins damper, Pazzo levers, lane splitters, 520 quick change 14/43 gears, DP gold press plate w/open cover, Ductile iron rotors w/cp211 pads.

R90S (hot rod), 80-900SS, Norton 850 MkIII, S4RS

Statler

#13
April 13, 2009, 05:37:29 PM
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]
It's still buy a flounder a drink month

Raux

#14
April 13, 2009, 10:50:19 PM
oooooo it better not be a company that got government bailout money or i'm telling ;)
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