"Unleash the Red Within" - Special offer from Ducati!

[Veloce-Fino]

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.

[Popeye the Sailor]

Or learn to not finance toys. 


Nice deal Dave-hope you sell some bikes.

[danaid]

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.

  Yeah, my credit union has had 3.75% for some time now. If the rate was o% or at least close to that number, I would jump all over that offer.

[Dave R]

Or learn to not finance toys. 

can you explain why you feel that way??   

[Betty]

can you explain why you feel that way??   

Apologies for the intrusion ... but the simple answer is:

That's what got the world into the current economic shithole it finds itself

[Popeye the Sailor]

can you explain why you feel that way??   

If one can't afford it without the loan, they shouldn't be buying it. You're upside down when you drive off the floor.

You crash a hundred miles into your shiny new toy and it's unusable? You're still paying for it.

If you don't have the 12-15k somewhere, +6 months of bills, you shouldn't be buying it.


/Sorry to crap in your thread.
//I'll still buy parts from you
///I like slashies.

[JBubble]

some things never change...


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

[Dave R]

man I go through this same talk every time there is a legit offer that IMPO is worth looking at..  if you are good enough to regiment yourself and save the amount needed to buy the bike you desire, BRAVO!  All the same rationals you use still apply once you ride your new bike off the floor no matter how you pay for it..

as far as the what has gotten us into this financial mess is a bit bigger than desire for a motorcycle sooner than later if you can afford to.  

I shared my thoughts with Slater on financing a new bike when a great offer comes along and I am too tired tonight to say it again so here is my post last Jan...  Yes I know this is not as good as before but still note worthy

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..  

[Betty]

Sorry Dave (two apologies at the start of two posts, I must be doing something wrong) but if you didn't want to go over it again then why fuel the fire by asking for an explanation of why not to finance.

Yes my earlier response was over simplified but that was the point. Using finance to get things you want now but can't afford or don't understand is what caused all the trouble ... it doesn't matter what those 'things' are ... and in the end nobody wins.

I remember reading a post in the classifieds here about a bloke selling his bike because he lost his job and could no longer afford the finance on three bikes. Is it no wonder some people make posts like Mr I did.

I agree finance has its place and your last post clearly advocates a sensible approach ... hope you sell heaps.

[Howley]

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

[gOoIe B]

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

I wish they'd push out that image in a desktop-sized format. 

Too awesome.

[RichD]

*poof*

[lwszabo]

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

I'll know in a little while.

well what are you getting??

[cyrus buelton]

some things never change...


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

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.

[M1100]

well what are you getting??

I am getting an '09 Monster 1100, and I am paying cash.  This left me with not too much left over for a seat, Speedymoto riser, and the first service--but that $650 store credit made it possible.  I called my dealer last night because I rode their demo, and looked at the bike I hope to get (it is red, and was under a shower cap looking thing with plastic on lots of parts--brand new!!!).  The sales dude had to check one thing but he didn't call me back yet.  When he finds out if this promo costs the dealer anything he is going to call back and I can put it on hold and pick it up soon.  I only slept about three hours last night dreaming of the mountain rides I'll be taking....that is the truth.

Dave, I was just joking...but I was looking for that last little thing to push me over the edge.