[QUOTE=Sight N Sound]just remember if you finacne a new bike you MUST have full insurance (liability/comprehensive/collision) so before you get the bike get the vin and check the insurance. correct…but wrong
if you notice all the finace companies now for bikes are by the company them selves.
yahama “CARD”
Suzuki “CARD”
honda “CARD”
figure it out yet
when you finance through the companies it gets put on an actual “credit card” thats fixed …you actually get the title and and dont have to get full coverage.
Also when I got approved for a honda card back in 2004 they told me that they hold onto the title as a lien still. Thats why I never got it because I figured I would still have to have full coverage.
wrong i got my boulavard s50 with the suzuki card yes they send you a card but it is still a finance company that means you must still have full coverage and no you dont get the tittle the bank that runs the suzuki card gets it
umm worng by you!
you got screwed 4 stores told me the exact same thing…and have 4 buddies that all have suzukis and have there titles in there hand lilibality insurenece all bike just bought this summer
not trying to be a dick just personal experiance
hmm now i got to check this out cause that was not the way it was explained to me i was told that there is still a lein on the bike because it is still financed, not that i care about insurance full coverage is only 301 a year but the tittle thing is buggin me
and they are confirming this…you dont not have to have full insurenece!!
a&b said with title and no full insurenec!! that where all 4 of my buddies bought there bikes…and i asked about the title they explained it to me hard to understand but they do give up the titles. i think they may be the only one…so in that part i may be worng
i could care ;less about the titles the insurenece is the think for lylibality its only 300 but full its out of this world
bob tracey has confirmed this also with the insurenece
Anyways yeah i think you are right about kawa I never seen it either.
Pewter I don;t think you are correct about that, because most bikes are under 10,000 and even if you buy a brand new ninja 250 they require full coverage if you finance. Reason I know is due to looking for a bike for jenn.
Now if you get a personal loan that can be used for anything and the bank doesn’t care what its used for, then yeah you can get libility only.
A 5000 unsecured is a 9.8 interest rate and over three years that payment is only 160 a month. There is also no early termination fee.
When we go to get Jenn her bike this is the route I will be taking depending on what we do with our florida trip in october and getting her a new car in august…
I can give you a name and number of a lady we have been dealing with for years and she is a branch manager.
The loan has a payment book so once you are done siging papers you really don’t have to go back :dunno: