Any good financing deals around?

[cbranje]

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I've been hearing lots of 0 % financing offers from various car dealers.

Has anyone heard of such deals on bikes?

Carmen

 

[jay-d]

There's great deals on financing, question is.. what's your credit like?

 

[Katapult]

I have never heard of 0% financing for bikes.

 

[chiller]

I have never heard of 0% financing for bikes.

about to say the same thing ... heard of it for cars not for bikes

 

[wonderings]

Suzuki has 0% financing right now I believe. Not sure if its on all models or not.

 

[VicRR]

Suzuki has 0% financing right now I believe. Not sure if its on all models or not.

Just got back from Suzuki New market. Apparently they don;t offer in house Suzuki financing on new bikes; in Canada (according to sales guy) they deal with many different financial institutions and he said looking at 9 % range.

 

[OpenGambit]

Just got back from Suzuki New market. Apparently they don;t offer in house Suzuki financing on new bikes; in Canada (according to sales guy) they deal with many different financial institutions and he said looking at 9 % range.

WTF? Thats double my unsecured LOC... you can walk into a bank and get a better rate than that with no lien.

 

[wonderings]

Just got back from Suzuki New market. Apparently they don;t offer in house Suzuki financing on new bikes; in Canada (according to sales guy) they deal with many different financial institutions and he said looking at 9 % range.

Suzuki Canada has 0% on their website, my brother showed me last week, only reason he was looking at Suzuki. 9% is much much to high. Maybe it was a promo that is over now.

 

[01cbr]

WTF? Thats double my unsecured LOC... you can walk into a bank and get a better rate than that with no lien.

I'm willing to bet most people who would finance a motorcycle don't have the greatest credit.

 

[thephenom]

I'm willing to bet most people who would finance a motorcycle don't have the greatest credit.

If interest is low, and there isn't much cash discount, then wouldn't it make sense to finance?

 

[OpenGambit]

I'm willing to bet most people who would finance a motorcycle don't have the greatest credit.

Why wouldn't I finance if the cost is lower than what I could earn by having the money invested?

 

[01cbr]

Why wouldn't I finance if the cost is lower than what I could earn by having the money invested?

Yes if the interest is low..... but if its 10% your going to spend or save up the 10-15k.

I should have phrased that most people who HAVE TO finance a motorcycle.....

On a side note I initially turned down a $400 interest free for 5 years loan from the government once until I thought for a second.

 

[01cbr]

If interest is low, and there isn't much cash discount, then wouldn't it make sense to finance?

I thought the point of this thread is the interest on financing a bike is high??

 

[OpenGambit]

Yes if the interest is low..... but if its 10% your going to spend or save up the 10-15k.

I should have phrased that most people who HAVE TO finance a motorcycle.....

On a side note I initially turned down a $400 interest free for 5 years loan from the government once until I thought for a second.

No, I wouldn't finance at 10%, but I would consider taking the money from my LOC which is like 4 % to buy it. Thats a pretty good deal to me.

 

[VicRR]

0% in U.S Suzuki website not Canada if you find otherwise send link. Honda has 1.9% 24months on the 250rr's only.. 9% is about standard for most finance on motorbikes. Apparently riders are considered high risk borrowers.

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