Tips for knocking down price? Buying a new bike. | GTAMotorcycle.com

Tips for knocking down price? Buying a new bike.

JCHC91

JCHC91

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Hi all,

I recently decided to buy a brand new 2014 Kawasaki ER6N with ABS.

My age is 22 and my insurance was quoted at $289. With the bike, it's roughly $165 on top of that.

I would like to knock down the price of the bike if possible. The dealer I went to is taking off $300 only and the remaining price is about 10k. He says that it's not possible to really knock anymore down since it's on Kawasaki's special offer and "they're not supposed to give discounts" on the 4.9%.

That being said. Are there any tips you guys could give me to further the price? I'm going in on Monday to see if I can knock down the monthly payments some more.
 
You can't expect a dealer to drop the price much at the beginning of the season on a current model.

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Try asking for accessories. Or some bolt on goodies. They can reduce the price on that and free install. They are not able to lower the price but might help you out on other stuff.
Good Luck.
 
I had the thought at the back of my mind that itd be too current for a discount... Dang haha! I guess I'll push for accessories or gear

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JCHC91 said:
I had the thought at the back of my mind that itd be too current for a discount... Dang haha! I guess I'll push for accessories or gear

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Accessories and gear are pretty expensive. Now would be the time to push for a deal when getting the bike, so you save on your total spend.

GL :eek:
 
JCHC91 said:
my insurance was quoted at $289. With the bike, it's roughly $165 on top of that.
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IMO, there is a problem when the cost of insurance/mth is almost twice that of the bike. Do you want that bike that badly?

It looks to me that you will be underwater on the bike for the entire time you own it too, unless you keep it for a long time - ie you will owe more on it than it is worth. Why not find a used bike you can pay cash for or amortize your financing over 3 years?
 
I'm not too good at making sure a bike is in pristine or good enough condition. I'm planning on keeping this bike for a long, long time so I figured buying it new would be a better bet. Less hassles as it is under warranty and what not.

I'm very keen on the ER6N and the financing plan gives me leeway with the cost I'd be nailing down in one go on a used.

We all know people can be silver tongued and say this and that to push a sale, and on a car that's okay, but a bike is a double edged sword and I'm not willing to take the risk.

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Ha well its your money, I know myself I would not want to be in that much debt for a motorcycle. I'm not saying this is you but seriously keep this mind, people will buy bike with the intent of keeping it for a long long long time and a few riding seasons later something new catches their eye and they want it. Listen, a salesman will tell you every lie in the book to get your signature and remember they are there to make money. Do your research. shop around and make sure it's the right decision before you put your signature down..my 2 cents :).
 
You have no bargaining power when you are financing it, especially at this time of the year.

If you can't afford a 10k bike with own cash, you are better off buying a used one.
 
10k for a er6n is pretty steep.

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They are selling 2013 for 6999.

Used a couple years old around 4-5k. Save your money
 
JCHC91 said:
Hi all,

I recently decided to buy a brand new 2014 Kawasaki ER6N with ABS.

My age is 22 and my insurance was quoted at $289. With the bike, it's roughly $165 on top of that.

I would like to knock down the price of the bike if possible. The dealer I went to is taking off $300 only and the remaining price is about 10k. He says that it's not possible to really knock anymore down since it's on Kawasaki's special offer and "they're not supposed to give discounts" on the 4.9%.

That being said. Are there any tips you guys could give me to further the price? I'm going in on Monday to see if I can knock down the monthly payments some more.
Click to expand...

165 a month, but for how many months is the finance?
 
Personally I think it's crazy to finance and pay interest on a TOY. At 22 years old, if you aren't already getting into buying a home, starting a family etc, chances are you will be in a couple of years. Those things are harder to do if you've already got $400ish/month going out the door on a bike and insurance.

Lots of great used bikes out there, and if you're buying a non-super sport bike from a mature rider, most will be mechanically sound. Er6n is a great bike, but has not been a strong seller. You might be able to find a one or two year old one still on the dealership floor and get a discount. Also, again because it's not the best selling bike, resale prices might be a little soft which is good for you. I bought my '01 bandit 600 in 2010 from a dealership. It had 20,000+ km on it and was in excellent condition. Was it my ultimate dream bike? No. But I do love the bike and it feels great to go for a ride and know I own the bike out right.
 
Paul1000RR said:
165 a month, but for how many months is the finance?
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Seems like a 60 month term.
First 3 years at $450/month until insurance goes down.
Seems way to pricey for too long for me.

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at 22 I wont tell you what to do with your money, but I would caution you really think through your employment, the cost of borrowing and carrying the costs through the months when its just sitting in the shed. Its a bit of cash, I love bikes and like to see new guys in the game, just have a comfort level so your enjoying the ride not dreading the 15th of the month.
 
I'm not really clear if this is your first bike purchase or if its your first "new" bike purchase. Also I don't know how much of your disposable income $450/month represents.

Things I do know: If you finance the bike your lender will demand full insurance coverage. Given your age the insurance company is making you pay a high premium. There is nothing you can do but to shop around or consider saving enough money to purchase a used bike outright and just insure it will basic liability insurance. (no collision, theft or fire). Insurance is a fact of live. Drive safely, keep a clean driving record and become an old fart like me and it will eventually drop.

If you still live at home and have a garage to store your bike $450 might not represent much of your take home cash right now but given you might be signing a 5 year loan it could be tough to afford this when life expenses start building up. (if so you sell it at a loss but with many happy memories and buy another one when you can afford it)

There are plenty of great used bikes out there and plenty of people who would be more than willing to help you check one out if you are a first time rider and not sure what to look for.

I personally purchased my 1st new bike last year after owning 4 amazing used bikes and racking up many trouble free years and miles on each of them.

I know why you might want a shiny new one but their only new until you ride off the lot... then they are just a used bike in mint condition with low mileage.. right?

Enough with all this crap you didn't ask advise about:
- If you want to get the best deal see if other dealerships are willing to offer you the same bike for less.
- Considering a line of credit with the bank and go in with cash deal on what they might have in their showroom.
- A dealer wants to know they have a customer who will return for service, parts etc.. convincing them of this might get you a discount.

Good luck with whatever you get.
 
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jeffjones said:
Seems like a 60 month term.
First 3 years at $450/month until insurance goes down.
Seems way to pricey for too long for me.

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Know a dude who went to suzuki of newmarket looking at a new gixxer 600. He was about to do a 84 month finance at 110 bi-weekly. Run the math if you wanna have a good laugh
 
Wadadli said:
I'm not really clear if this is your first bike purchase or if its your first "new" bike purchase. Also I don't know how much of your disposable income $450/month represents.

Things I do know: If you finance the bike your lender will demand full insurance coverage. Given your age the insurance company is making you pay a high premium. There is nothing you can do but to shop around or consider saving enough money to purchase a used bike outright and just insure it will basic liability insurance. (no collision, theft or fire). Insurance is a fact of live. Drive safely, keep a clean driving record and become an old fart like me and it will eventually drop.

If you still live at home and have a garage to store your bike $450 might not represent much of your take home cash right now but given you might be signing a 5 year loan it could be tough to afford this when life expense start building up. (if so you sell it at a loss but with many happy memories and buy another one when you can afford it)

There are plenty of great used bikes out there and plenty of people who would be more than willing to help you check one out if you are a first time rider and not sure what to look for.

I personally purchased my 1st new bike last year after owning 4 amazing used bikes and racking up many trouble free years and miles on each of them.

I know why you might want a shiny new one but their only new until you ride off the lot... then they are just a used bike in mint condition with low mileage.. right?

Enough of all this crap you didn't ask advise about.
- If you want to get the best deal see if other dealerships are willing to offer you the same bike for less.
- Considering a line of credit with the bank and go in with cash deal on what they might have in their showroom.
- A dealer wants to know they have a customer who will return for service, parts etc.. convincing them of this might get you a discount.

Good luck with whatever you get.
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Well put. Excellent.
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