want a 600cc SS bike for a first bike? - Page 10

Smittie61984 · 07-26-2009, 10:42 AM

Quote:

Originally Posted by umairhashmi

I try to avoid that but most kids who walk in looking for a 1k,busa or zx14 have already made up their minds so they dont listen so i just end up giving it to them. I think its a great way of controlling the overpopulation crisis

How do these 18year old kids working at Autozone or Quick Lube afford these brand new litre bikes? When I was looking for my 1st bike it was a KLR650 dual sport and I found one for $4700 and I had $2000 cash to put down on it and they still wouldn't approve me at 23years old. But I never got a loan on anything at that point but neither have those 18-20year olds.

Only approval I got was for a brand new FZ6 with 21% interest (I laughed at that rate and walked out).

Tmall · 07-26-2009, 10:46 AM

If you're only financing a few thousand, they're not making much money on interest.

Most times you're better off putting your downpayment, financing the item and then paying off a large chunk with whatever you have saved.

Homeslice · 07-26-2009, 01:59 PM

Quote:

Originally Posted by Smittie61984

How do these 18year old kids working at Autozone or Quick Lube afford these brand new litre bikes?

Mommy or daddy co-signs.

umairhashmi · 07-26-2009, 02:05 PM

Quote:

Originally Posted by Homeslice

Mommy or daddy co-signs.

Always. Besides these days if you have anything less than a 700 or so beacon score you are getting approved for shit. Getting a loan for a powersport's product is much harder than getting a loan for a car.

07-26-2009, 10:46 AM	#92
Tmall Aspiring Rapper Join Date: Nov 2008 Location: Halifax, NS Moto: '12 CB1000R Posts: 3,569	If you're only financing a few thousand, they're not making much money on interest. Most times you're better off putting your downpayment, financing the item and then paying off a large chunk with whatever you have saved.