Question about R6 Yamaha financing - Sportbike Forum: Sportbike Motorcycle Forums
 
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post #1 of 4 (permalink) Old 08-26-2007, 02:33 PM Thread Starter
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Question about R6 Yamaha financing

I've been looking into buying a sportbike for the last year and recently took notice of a number of deals that companies like Suzuki and Yamaha are doing.

Right now Yamaha has a financing deal of $99 a month on an R6 for 36 months. Common sense (and reading the fine print) tells me that the APR is jacked up a considerate amount after the 36 months, but are there other negatives to taking this route? What about positives?

I've got college payments coming up in the near future but I'd like to buy a bike at the same time. A hundred bucks a month sounds like a good idea until I can get my hands on more cash, but I'd like some other peoples thoughts on this. Thanks.
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post #2 of 4 (permalink) Old 08-26-2007, 03:00 PM
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Ask them what exactly is the APR after the 36 months and check around with banks and credit unions for their APR's on financing for motorcycles.
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post #3 of 4 (permalink) Old 08-26-2007, 03:50 PM
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Just make sure you pay it off in the 36 months or refinance with the bank BEFORE the 36 month. I know the Suzuki deal compounds the interest from day 1 at the jacked up interest rate at the first day of month 37.
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post #4 of 4 (permalink) Old 08-26-2007, 08:40 PM
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Re: Question about R6 Yamaha financing

Quote:
Originally posted by deviniscool
...I'd like some other peoples thoughts on this.
Probably not the angle you were expecting "thoughts" from, but mate, an R6 is not a bike to learn to ride on.



(I'm assuming you're a new rider, considering you're only 17.)




In God, we trust; all others must provide data.
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