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Old 09-02-2010, 11:35 PM   #1
cwest22
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Motorcycle loan questions.

i know banks, credit unions and all that stuff.But, does anybody have any independent financial firms that the went through? Did the whole process go smoothly? I'm buying a new bike at the beginning of the year. but i just want info on financing a bike pretty much. this info is pretty much going to sway me to get a BRAND new bike off the line, or buy a nice used one for cash money.
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Old 09-02-2010, 11:40 PM   #2
Challen
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Buy used for cash. Bikes are toys and shouldn't be financed.
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Old 09-02-2010, 11:42 PM   #3
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I used Sheffield Financial to finance my first bike. Low rate, no hassle, and no complaints from me. But like Challen said buy with cash if at all possible.
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Old 09-02-2010, 11:46 PM   #4
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Quote:
Originally Posted by Challen View Post
Buy used for cash. Bikes are toys and shouldn't be financed.
So toys shouldn't be financed? not everyone can drop that kind of cash
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Old 09-03-2010, 12:23 AM   #5
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If you are gonna finance, which most of the world will, go with a credit union. They have the best rates I have seen thus far.
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Old 09-03-2010, 12:26 AM   #6
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Originally Posted by Dr Strangelove View Post
If you are gonna finance, which most of the world will, go with a credit union. They have the best rates I have seen thus far.
I agree and remember if u finance a bike thu bank/credit union ur gonna need full coverage insurance which can sometimes be alot more than the bike. Do your research first and if u can pay cash for a used one
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Old 09-03-2010, 02:47 AM   #7
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Originally Posted by BYRDMAN View Post
I agree and remember if u finance a bike thu bank/credit union ur gonna need full coverage insurance which can sometimes be alot more than the bike. Do your research first and if u can pay cash for a used one
most people dont realize that with the banks and CU.
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Old 09-03-2010, 05:44 AM   #8
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Quote:
Originally Posted by Challen View Post
Buy used for cash. Bikes are toys and shouldn't be financed.
+ 1,000 Unless it's your only means of transportation, financing a bike is not smart
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Old 09-03-2010, 06:32 AM   #9
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Quote:
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So toys shouldn't be financed? not everyone can drop that kind of cash
Sounds like you don't need that expensive of a toy, find one within your budget. Cash is the way to go, paying someone else interest and requiring full coverage is a bish.
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Old 09-03-2010, 06:51 AM   #10
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Quote:
Originally Posted by Challen View Post
Buy used for cash. Bikes are toys and shouldn't be financed.
+1

Save up and pay cash for it. It may take you a little while but it is worth the wait.
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Old 09-03-2010, 07:27 AM   #11
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Quote:
Originally Posted by cogs69 View Post
Sounds like you don't need that expensive of a toy, find one within your budget. Cash is the way to go, paying someone else interest and requiring full coverage is a bish.
So you can pay cash for a bike, but full coverage is a bish for you?

FYI I never said I couldn't pay cash, my 08 Busa was paid for before it was drove off the lot. I also carry full coverage to protect myself from a complete loss.
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Old 09-03-2010, 07:28 AM   #12
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Originally Posted by yeoljb View Post
+1

Save up and pay cash for it. It may take you a little while but it is worth the wait.
Shut up Yeobbibles! Where's ur Busa at?
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Old 09-03-2010, 11:38 AM   #13
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It's a toy. You shouldn't finance it. That's like financing a television...stupid.
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Old 09-03-2010, 11:42 AM   #14
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Originally Posted by brandontx View Post
It's a toy. You shouldn't finance it. That's like financing a television...stupid.
Can I rent to own?
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Old 09-03-2010, 11:46 AM   #15
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Quote:
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So you can pay cash for a bike, but full coverage is a bish for you?

FYI I never said I couldn't pay cash, my 08 Busa was paid for before it was drove off the lot. I also carry full coverage to protect myself from a complete loss.
Not saying you, but if you/him can't afford saving up to pay cash you probably can't afford a payment plus full coverage.

And yes, I paid cash for my bike, full coverage is not an option right now because I have a new little one coming and the medical bills we have to prepay are kicking my .
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Old 09-03-2010, 11:48 AM   #16
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Quote:
Originally Posted by Bevo View Post
+ 1,000 Unless it's your only means of transportation, financing a bike is not smart
why is it dumb to finance a toy? I didn't want to take the time to save(plus I suck at saving). I don't see why everyone is flaming financing a bike.

Yes, cash is the ideal way, but it's bad to finance? Not at all dude!
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Old 09-03-2010, 11:49 AM   #17
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Originally Posted by cogs69 View Post
Not saying you, but if you/him can't afford saving up to pay cash you probably can't afford a payment plus full coverage.
refer to my previous post!
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Old 09-03-2010, 12:08 PM   #18
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User is banned

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Old 09-03-2010, 12:08 PM   #19
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Quote:
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why is it dumb to finance a toy? I didn't want to take the time to save(plus I suck at saving).
One day you may retire and social security isn't going to cut it. Bike's aren't easy to digest
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Old 09-03-2010, 12:14 PM   #20
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Quote:
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One day you may retire and social security isn't going to cut it. Bike's aren't easy to digest
That's why you can finance a bike and keep your savings! How much more does it cost you to finance?

If you can finance it, you can afford it
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