Kawasaki Holiday Specials — $0 for 5 Months! | GTAMotorcycle.com

Kawasaki Holiday Specials — $0 for 5 Months!

Rekognize

Rekognize

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I placed a deposit for a Ninja 300 last month and the plan is to pay in cash sometime in April/May. I then stumbled upon this deal on Kawi's site:

http://www.kawasaki.ca/holiday-specials

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Bring the bike home, place it under the tree, drool over it through winter for $0. Should I pull the trigger?
 
read the fine print clearly....after 5months it's 4.99% APR.

Good deal only if you have the cash coming down in 5 months
 
Do it Do it now!
That's 5 months to save up ;P
 
sid_for_speed said:
read the fine print clearly....after 5months it's 4.99% APR.

Good deal only if you have the cash coming down in 5 months
Click to expand...


The fine print:

"Monthly payments are deferred for 180 days. Contracts will be extended accordingly. Interest charges will not accrue during the first 150 days of the contract. After 150 days, interest starts to accrue at 6.99% and the purchaser will repay the principal and interest monthly over the remaining 60-month term of the extended contract. Minimum finance amount of $5,000.00 before applicable taxes. Down payment may be required."

If you pull the trigger, make sure there is a clause in the agreement that lets you get out of that long term contract early (i.e. within 150 days) without paying a penalty! If you get stuck in the deal, your interest alone for $5,000 for 60 months at 6.99% = $925!

If you expect to have the cash in April, negotiate the best deal you can without the promotion, put your deposit down now (as low as you can negotiate) and pay the balance & take posession in April. No winter storage issues either.
 
Face said:
The fine print:

"Monthly payments are deferred for 180 days. Contracts will be extended accordingly. Interest charges will not accrue during the first 150 days of the contract. After 150 days, interest starts to accrue at 6.99% and the purchaser will repay the principal and interest monthly over the remaining 60-month term of the extended contract. Minimum finance amount of $5,000.00 before applicable taxes. Down payment may be required."

If you pull the trigger, make sure there is a clause in the agreement that lets you get out of that long term contract early (i.e. within 150 days) without paying a penalty! If you get stuck in the deal, your interest alone for $5,000 for 60 months at 6.99% = $925!

If you expect to have the cash in April, negotiate the best deal you can without the promotion, put your deposit down now (as low as you can negotiate) and pay the balance & take posession in April. No winter storage issues either.
Click to expand...

Thanks for your insight!

Edit: Spoke with the dealer and yes, I can pay the balance anytime and get out of the contract.
 
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