Total Motorcycle Community Forums

Sevulturus wrote: If you need to borrow cash, borrow it from the bank, they'll give you the best rates.

Not bloody likely. Not on a sum that small.

I looked at getting a loan from the bank for my bike.

Their rate? 14.25%

Dealership Financing? 9.25%

Bank rates on small loans are much higher than than their rates on big loans. If I had gone for a DL650 or F650GS, then the bank rate would have been lower, around 12%.
If I had gone for a brand new 'Wing or R1200RT, then it would have been under 10%

CC's do not really translate between crusiers and sport bikes. A 600 cc sport bike is not a beginners bike (see the sticky in this thread), but a 600 cc cruiser very well could be. So you're comparing apples and oranges.


Eric

Have you tried CycleBarn in Lynwood? They have great prices on bikes and are so desperete to sell bikes that they will finance you. I applied for a $3500 36 month loan from the bank and they gave me a 13.5 apr. At CycleBarn i was cleared for the $49 a month for 24 months then 9.9% for 36 months on the rest of the amount owed, no pay off penalty. Cyclebarn also has a lot of 500's in stock. If you are getting a new bike dont get a 250, its a waste of money the 500 is like 1000 more and will last you longer. CycleBarn shoulld come down to like 4500 for the 500 if not less, they did for me. Just dont buy your gear there!!!! Its way overpriced!!

WhyteGryphon wrote:

Sevulturus wrote: If you need to borrow cash, borrow it from the bank, they'll give you the best rates.

Not bloody likely. Not on a sum that small.

I looked at getting a loan from the bank for my bike.

Their rate? 14.25%

Dealership Financing? 9.25%

Bank rates on small loans are much higher than than their rates on big loans. If I had gone for a DL650 or F650GS, then the bank rate would have been lower, around 12%.
If I had gone for a brand new 'Wing or R1200RT, then it would have been under 10%

I don't think the rate matters much in this case as he was talking about paying it off on a couple months anyway but he did have a short-term cash crunch.

aireq wrote:CC's do not really translate between crusiers and sport bikes. A 600 cc sport bike is not a beginners bike (see the sticky in this thread), but a 600 cc cruiser very well could be. So you're comparing apples and oranges.


Eric

Nope.

When I was shopping for a new bike they offered me MSRP out the door(that included TTL) or under for most models, so do haggle.

I agree with everyone about not buying a new bike as your first bike and as far as credit, if you do your part you will have great credit in no time.


Tom

financing anything is a risk.

getting a loan and paying it off in a month does no thing for your credit. when 'they' check your credit they can see exactly how long you had a loan/how much you paid each month etc. to build good credit you need to allow the loan to run its full term to show you can make monthly payments on time. taking a 3k loan and paying it off only shows you had 3k in the bank and didnt need the loan so 'they' dont see that as credit managment.

also alot of loans will have an early pay off penalty. if you have a loan thats scheduled for 36 months and have agreed to that yet decide to pay it off in a month your often required to pay All the interest that would have built up over the loans term of 36 months. the company loaning you the money is making their profit off that interest rate, if you only pay them one month of interest then they dont make anything.

credit cards its best to use about 50% of your limit(this shows you arent dependent on the loan) and pay your scheduled amount on time. doing this will boost your credit rating. if you have a credit card and dont use it then its doing little to no thing for your credit score. if you max the card out then your showing dependence on the card which is bad.

it depends on alot how the finance depart will treat you. but with no credit you wont be treated very well. the dealer will push you through as best hey can to make the sale but its not in your best interest. it will be a high rate and with a company youll hate haivng to deal with. go through your bank, they already have your business and will work with you better than some company out of state.

The ninja is a sportsbike, not a cruiser so of course it has a high end redline. They are meant to be driven that way. The difference between a sportsbike and a cruiser is actually pretty extreme. I can hit 100km/h (65mph?) in 2nd gear at 9000 rpm. I redline at 13.5k And that's on a detuned inline 4. Honda599 has said that he'll hit 100km/h at redline in 1st, just imagine what a full blown cbr could do?

The size of the engine is not always an indication of how much power you have at your command. I can take 3rd gear from 30km/h to 120km/h by twisting smoothly twisting my wrist. Engine isn't even starting to struggle at that point. Difference between gears is the amount of vibration, and towards the very top end my ability to accelerate falls off. There's no way my friends 800 marauder could do something like that. If he pushes close to redline in 3rd he'll hit 100km/h.

In order to get anywhere near what a sportsbike could do in a cruiser you need a massive engine. The rocket 3 could blow me out of the water, but I'm willing to bet that near to any 600cc sportsbike could take an 1100+ cruiser without a problem. So saying that you quickly outgrew a cruiser and needed a bigger one doesn't apply to the ninja. I could do everything on my hornet that you can on your meanie... though I might have more trouble holding a straight line as a result of a shorter wheelbase I can take corners a lot harder It all becomes a question of cost vs benefit.

Sevulturus wrote:The ninja is a sportsbike, not a cruiser so of course it has a high end redline. They are meant to be driven that way. The difference between a sportsbike and a cruiser is actually pretty extreme. I can hit 100km/h (65mph?) in 2nd gear at 9000 rpm. I redline at 13.5k And that's on a detuned inline 4. Honda599 has said that he'll hit 100km/h at redline in 1st, just imagine what a full blown cbr could do?

The size of the engine is not always an indication of how much power you have at your command. I can take 3rd gear from 30km/h to 120km/h by twisting smoothly twisting my wrist. Engine isn't even starting to struggle at that point. Difference between gears is the amount of vibration, and towards the very top end my ability to accelerate falls off. There's no way my friends 800 marauder could do something like that. If he pushes close to redline in 3rd he'll hit 100km/h.

In order to get anywhere near what a sportsbike could do in a cruiser you need a massive engine. The rocket 3 could blow me out of the water, but I'm willing to bet that near to any 600cc sportsbike could take an 1100+ cruiser without a problem. So saying that you quickly outgrew a cruiser and needed a bigger one doesn't apply to the ninja. I could do everything on my hornet that you can on your meanie... though I might have more trouble holding a straight line as a result of a shorter wheelbase I can take corners a lot harder It all becomes a question of cost vs benefit.

i had a marauder 800, and while it was actually a Fast cruiser and geared for the low end acceleration it doesnt even touch my katana 600 in the speed/acceleration department. my maruader took a while to get to 60(id had to shift to 3rd to get there fast) my katana gets to 60 in 2nd gear way to easy. top end is equally offset, the marauder i had up to about 115mph(the speedo goes to 120) but it took forever to get it up there. the katana i had to 110mph before i even realized it. was no where near the redline and had another gear to go still.

my buddies vtx 1300 seems slow compared to my katana. off the line i can leave him at a stand still. on the freeway cruising at 65mph i can roll on the throttle and leave him behind, if i down shift and really lay on it then theres no chance hell see me again.

all this on a detuned bike ment for touring not for all out racing.

comparing a massive cruiser to a sports bike is like comparing a lincoln town car to a ferrari, why would you compare them?

nick9871 wrote:Have you tried CycleBarn in Lynwood? They have great prices on bikes and are so desperete to sell bikes that they will finance you. I applied for a $3500 36 month loan from the bank and they gave me a 13.5 apr. At CycleBarn i was cleared for the $49 a month for 24 months then 9.9% for 36 months on the rest of the amount owed, no pay off penalty. Cyclebarn also has a lot of 500's in stock. If you are getting a new bike dont get a 250, its a waste of money the 500 is like 1000 more and will last you longer. CycleBarn shoulld come down to like 4500 for the 500 if not less, they did for me. Just dont buy your gear there!!!! Its way overpriced!!

MSRP of a 250 is 2999, 500 is $5049, which is more then $1000 more. Plus I thought you paid $2500 for a 97 500? You get that at cycle barn?


Eric