Saving for that down payment...

[canuckerjay]

Personally, I wouldn't buy putting anything less than 30% down. That's what I've just laid down on the V-Star. I could have waited another couple of months and had 50%, but the deal was too good, and it was the only 2005 I could find around here.

For me, 30% is a bit too low.

Having said that, there are those people who put down the bare minimum. Don't wind up like those people.

[canuckerjay]

BTW, Yamaha currently has a promo on -- no payments/interest for 6 months; or you can have 6.9% for 3 years. Just for your info. None of the major banks up here could touch that interest rate.

[dr_bar]

In 2004 I looked into financing, I have a court ordered debt to my ex I have to clear up before it can go through. At the time, Yamaha Canada was offering that same promotion through their Power Financing Program. This was financed through HFC, (Household Finance Company) after the 6 months were up, 15% was still too steep for me. At the same time, Yamaha in the USA was offering 5 year, factory financing, at 2%. Hmmmm I wonder why factory financing isn't available here?

[canuckerjay]

Yep, if you're going to finance long term, the no payment/no interest option ain't for you.

But -- for some who don't have a lot of bills and a larger down payment, they could take that option and have most of the bike paid off inside of that 6 months.