How did you pay for your 300? - Kawasaki Ninja 300 Forum
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post #1 of 43 (permalink) Old 11-19-2012, 02:10 AM Thread Starter
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How did you pay for your 300?

I am looking to buy any day now or put a down payment on a SE ABS. However, I am just curious how everyone is paying for their 300s. I am wondering which route I should take. I've thought of just financing through Kawasaki/Dealership as I do not have the cash saved up. I just finished paying off my car and the wife and I need a 2nd vehicle finally... Thus my desire to purchase the 300..

Are you guys paying with... Cash, Finance (Bank? Interest Rate?), or Credit Card (Company? APR?)


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post #2 of 43 (permalink) Old 11-19-2012, 02:17 AM
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Cash (hate paying ridiculous interest rates on personal loans)

I know a couple people who have applied for no interest credit cards for the first few months and have paid majority with that and rest with cash, you end up paying small fees etc but better then the sort of interest rates on personal loans
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post #3 of 43 (permalink) Old 11-19-2012, 07:36 AM
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I'd find a local credit union and see what sort of rates you could get on a motorcycle loan through them. Kawa is pretty stingy with their ~7% rate and if you miss a single payment, it jumps to 15% for the remainder of the loan.

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post #4 of 43 (permalink) Old 11-19-2012, 09:24 AM Thread Starter
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Yeah, I have considered applying for a 15 month No Interest credit card and cash advancing/ balance transferring the money (3% fee) to pay a big chunk as a down payment for a personal or motorcycle loan through a credit union to see if the interest rate would come down.. My local credit unions, Schools First and Altura advertise around 11% interest on Toy Loans (Motorcycles, Boats, and Quads). A personal loan was around the same I believe.
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post #5 of 43 (permalink) Old 11-19-2012, 11:11 AM
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I put $1000 down and fianced the rest.. I choose money in the bank over over owning it up front..

Personally I would rather keep my bank account as full as possible because I do not feel the recession ended years ago haha..

I have a 6% interest rate and my payments at a whole $90 a month.. I save more than $90 in gas by not driving my truck daily so I am actual saving money every month now

Last edited by cbzdel; 11-19-2012 at 11:13 AM.
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post #6 of 43 (permalink) Old 11-19-2012, 02:55 PM Thread Starter
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Quote:
Originally Posted by cbzdel View Post
I put $1000 down and fianced the rest.. I choose money in the bank over over owning it up front..

Personally I would rather keep my bank account as full as possible because I do not feel the recession ended years ago haha..

I have a 6% interest rate and my payments at a whole $90 a month.. I save more than $90 in gas by not driving my truck daily so I am actual saving money every month now
Wow that sounds pretty good. If you don't mind... How old are you? I am a little concerned on what interest rate I will be approved for. I have good credit and I am 26. I just finished paying off my 72month 2007 Corolla loan at a 6.05% interest rate. I've been hearing Motorcycle interest rates are usually higher since they are "luxury" vehicles.
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post #7 of 43 (permalink) Old 11-19-2012, 03:29 PM
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I am 27.. Married, my wife and I both have credit scores of almost 800. We applied for a loan at the dealership, its nothing special it was just a Kawasaki promotional financing rate.. You had to have a credit score of over 750 to get it if I remember correctly..

I dont think it is an amazing rate but the loan amount is so low I am ok with it..
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post #8 of 43 (permalink) Old 11-19-2012, 03:38 PM
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I put 1200 down and financed the rest rhought the dealership, got liek a 6.5% interest rate.
not bad "shrug"
I plan on paying ti off in 4-5 months so I am by no means hurting my wallet with the interest.

If I paid off the loan by only making the minimum over 5 years I would pay something like 1000 extra. but thats in 5 years! haha no way i would keep a 5k loan for 5 years, thats just irresponsible!

i'm 22, have a credit score of 782 or something, and got the loan no problem.

I fix things till they cant be fixed anymore =D Haste makes waste, take the time and things will last.
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post #9 of 43 (permalink) Old 11-19-2012, 05:33 PM
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I agree with ghost3772. However, it depends on your situation and credit. Talk with your bank or a local credit union and find out all you need to know and then some. They don't shut up. After that you'll know what your looking at and if the dealership could give you a better rate or not.

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post #10 of 43 (permalink) Old 11-19-2012, 06:06 PM
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Cash! Don't wanna pay any extra for it than I have to!
Australian Dealer prices are inflated enough as is

2013 NINJA 300 SE ABS,YZ250 paddock basher, 2012 SR5,Crashed 1993 RGV250 track bike
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