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Old 05-24-2008, 09:12 PM   #1
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new bike advice!

ok i took everyone advice and stayed below a liter for my next bike. i jumped a gun on 07 r6 deal for $7,999 with yamaha's 60months @ 7.99% apr $89/month for the first 36 months. am i getting ripped on a fake "memorial weekend" deal? i i put my deposit down and will be picking it up tuesday.

thanks everyone! i'm looking forward to meeting most of you'll on the next m&g meet!
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Old 05-24-2008, 09:33 PM   #2
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double/triple up on your payments. Get that thing paid off!

Nice bike! People pay various amounts for bikes. If you like it, and you can live with the price then that's all that matters. Just my opinion .
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Old 05-24-2008, 10:17 PM   #3
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Old 05-24-2008, 11:48 PM   #4
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Ride safe! MSF? And def get that thing paid off, insurance will go down too once you fully own it.
Slow is smooth..smooth is fast
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Old 05-25-2008, 02:07 AM   #5
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thats a good price for teh bike indeed, but at 90 bux a month youre gonna be paying out the wazoo in interest. im guess youll end up paying upwards of 15k for the bike of you just stick with the bare minimum payments. like what was already stated, double or triple your payments if possible and knock that interest down.
Bringing back the old school.
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Old 05-25-2008, 08:10 AM   #6
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Purchase price might be OK but the payment plan sux. You will be upside down on the bike in no time at all. After three years you will have only paid about $3,200, that'll be barely enough to cover your interest. What happens to the payment after the 36th month when you still have almost the same debt load, but the bike is worth half as much?

This deal is designed to keep you in debt, which is where they make the big money off of you. As Cdill said, you need to be paying triple the minimum to stay right side up and eliminate the debt in 3 years. Run the numbers and you will be amazed at how much the loan will cost you.
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