I have spoke with a few people that took advantage at these last year.
Suzuki has 36 months 0% interest and like $89/month payments.
I don’t want to take the full cash out of my account to buy a bike but thinking about take advantage of the 36 month with 0 interest and then determining if I want to pay the rest of it or sell it at the end of the term before the interest hits.
Do you own the bike and is it a credit card?
never heard of that offer before.
normally with products like bikes they do these as a sort of credit line/card. interest builds up and if you don’t make every payment on time or pay if off by 3 years you get royally screwed. and often many people who go for deals like this have good intentions up front and then fail and the bank makes $$$$.
Just an FYI but if you are making payments on a bike you have to fully insure it.
Plus gear too
So though the offer sounds inticing, don’t jump in without considering all the other expenses
I would never own a bike on a credit card… this is why people end up holding onto bikes for longer than they ever intended… or they wreck the bike, dont have full coverage, and have payments on a 400lb paperweight for the rest of “the limitless term”
I’m a fan of 0% but I’d need to know more, and financing a NEW ANYTHING without a substantial down payment seems like a bad idea. Get a warranteed kawasaki… pick up an 06 636 that had the 4 year plus first year GOOD TIMES protection plan (if you can find one)
Chris… you dont need to have full coverage on new bikes if the amount is on a credit card and under 10k… (IIRC)
SUCH A BAD IDEA.
ALSO they normally talk you into putting a helmet, jacket, gloves, boots, etc etc on the card… it takes no time to get up and at 89 bucks a month, you’ll be paying on this for a veryyyyy long time, especially when the interest rate jumps up to ~20 :lol:
If its 36 months 0% for a 10k bike, its definitely a credit card.
^but finding a new bike sub 10k is nearly impossible these days. I didn’t know that, I just thought the rule was if it’s under payments you are more liable and requires maximum insurance
2k down, $9999k financed isnt hard to do and that’ll buy you just about anything… 
pretty tempting… ugh…
I still <3 my orange bike though. And i want to see what 2010 brings.
http://www.youtube.com/watch?v=PM6SbXpUGKA ugh… :lol:
Figure a 10k bike… after 3 years, (if you didnt wreck it is only worth) 6k if that) at 90 a month you’re about even, assuming you didnt mod it, assuming it is as pristine as it was the day you bought it, etc etc…
dont finance a motorcycle, especially if you plan to enjoy it…
If you have the capacity to keep the money that you had planned on spending on the bike ready for the day you DO plan to sell it on, then i guess you could make a case, however, im not seeing 0% on their motorcycles anywhere… and you’d have to be able to prove to yourself that you were going to be responsible. I see the majority of guys I know who “financed” their bikes upside down from the day they bought it to the day they sell or wreck it (which as addressed before, is the reason you want to have FULL COVERAGE on it, if its financed and worth xyz… do your own breakeven analysis to figure out what is worth self-insuring)
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Well my issue is that with moving and such, I dont want to suck out any more than 2k from my account. The logic was that a 2008 or 2007 can be picked up for under 9 before taxes and stuff. Pay 2k in cash as a down payment and then finance the payment for 0% (which I can’t seem to find the offer anymore) for 36 months paying $100 a month and at the end of the term, pay the balance and/or sell the bike.
I am good at putting payments and money away so getting fucked over in the end when the interest jacks up wouldn’t be a problem. Just curious how these things worked and if they were a scam since I remember talking to a few people last year who I rode with that did it.
Kinda see what you mean tho about financing something and being upside down if the thing is wrecked.
I know someone selling a sport bike for around 2500 no need to finance, and you can probably sell it in a year or so for not much less…
and insurance will deff be way less then on a new/er super sport.
Is it you? :mamoru:
If I get a super sport, I wouldn’t mind keeping it a few years… I dunno. Once I get my moving situation figured out, I can better look at this but I was wondering if its worth looking at the 0% financing offers. I just don’t want to pull out any more than 2k out of my bank account this close to summer and with moving and such.
but buying a motorcycle right before moving does?
Moving the bike was a huge pita if you dont have a truck and trailer… unless you have NO CAR, no belongings, are moving a block away and your primary vehicle is the bike… lol.
Not your case, where are you moving to?
I am only moving towns. Nothing major and can keep it at my house now and move my cars until the weather is nice.