Ninja_Knight
Zone Head
Posts: 666
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posted October 20, 2007 05:31 AM
For those of you that have to finance
Here's the thing. In West Palm it will be like 5 months before the 08' 14 will be available for sale because the majority that come in already have deposits on them (according to my salesperson), so that gives me a lot more time to get things ready for when they do become available to the rest of us. Thing is my credit score is on the "lower-end of average", and I was told that financing a motorcycle is much different than a car, and that even with a sizeable down payment that I might still not be approved??? By then I should have around $5000 down. Can anyone enlighten me if what my salesperson says is true, or not? Should I wait even longer and try to get like seven grand? I wouldn't want to go down there all psyched-up and just have to head home empty handed.
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2009 B&O Special Edition, Brock's CF Gen 3 Exhaust, Dark Smoke ZG Double Bubble Windshield, PCIII, Muzzy Fan, Heli Risers, Throttlemeister Heavy, Nautilus Stebel Horn, Waiting on HID's and Tinted Signal Lens
  
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Hawkman
Zone Head
Posts: 747
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posted October 20, 2007 07:55 AM
Try to arrange financing ahead of time through your bank or credit union. Don't rely on going into the dealership and having them trying to get you approved. Good luck.
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FasterThanStink
Pro
Posts: 1218
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posted October 20, 2007 08:09 AM
+ 1 Go to a bank or credit union and apply and talk to a banker. Many time the dealer has a bank that they work with. Ask them. Do it now and you will know where you stand.
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Speed has never killed anyone,
suddenly becoming stationary...
That's what gets you.
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butterthegreat
Expert Class
Posts: 329
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posted October 20, 2007 08:23 AM
I have horrible credit and I got the kawasaki card for 10k....Since I bought my bike in august, the dealer cut me the deal of 10k OTD....
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raband
Expert Class
Posts: 121
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posted October 20, 2007 08:34 AM
 Edited By: raband on 20 Oct 2007 09:35
Do what I did.
Get stevewfl to underwrite the deal and you can get it at a good rate.
:P
edit: he doesn't know it, but an "X" as a signature from him seals the deal
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PS - its black - its f'kn sexy and it pulls better than a dentist
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Ninja_Knight
Zone Head
Posts: 666
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posted October 20, 2007 09:57 AM
Thanks for the info guys! I never thought to use my credit union instead. That's a good idea!
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2009 B&O Special Edition, Brock's CF Gen 3 Exhaust, Dark Smoke ZG Double Bubble Windshield, PCIII, Muzzy Fan, Heli Risers, Throttlemeister Heavy, Nautilus Stebel Horn, Waiting on HID's and Tinted Signal Lens
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swiftkart
Expert Class
Posts: 349
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posted October 21, 2007 09:11 AM
quote:
Thanks for the info guys! I never thought to use my credit union instead. That's a good idea!
Try Capital One, they will pre approve you for whatever you need at a good rate.
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2006 ZX14, Brock CT-Meg, PC, ignition module, E85, 214 lbs suited, 8.96@152.32 1.46 60'
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stevewfl
Moderator
Posts: 27920
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posted October 21, 2007 09:48 AM
quote:
Do what I did.
Get stevewfl to underwrite the deal and you can get it at a good rate.
:P
edit: he doesn't know it, but an "X" as a signature from him seals the deal
dude thats funny! but as I said if one is willing put down a decent deposit OR sign over a lein on their home (same as a bank), I'll finance the bike cheaper than the banks that are charging oodles of interest for "high risk" folks!
especially a local FL bike as mentioned above :P
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2010 Concours14
'08 R1 YAMAHA
ZX14 gone!
CBR600RR track bike
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