[Decrypticshadow]

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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[llAshll]

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

 

[Brother Michigan]

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.

 

[Decrypticshadow]

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.

 

[cbzdel]

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

 

[Decrypticshadow]

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.

 

[cbzdel]

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..

 

[ghost3772]

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.

 

[StlNinja300]

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.

 

[unrest]

Cash! Don't wanna pay any extra for it than I have to!
Australian Dealer prices are inflated enough as is

 

[Decrypticshadow]

My credit has always been great. A few years ago it was at 800 when our apartment complex ran it. However, since then, I have co-signed on a few of my wife's deferred student loans. I am not sure whether that will hurt my score much or not. I have always has money flowing in and out of my open credit cards and have never missed a payment. I am thinking I should be able to qualify for any promotional interest rates through Kawasaki..

 

[the_intrudor]

Cash like everything else

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[wetwork999]

Cash is the only way to go, I don't wanna get into it, but debt is the biggest problem in the world

 

[icon1k]

I financed
Paid 600 down
interest is 2.4 percent so my total interest is 279 total
payment is 104.52 for 48 month and full coverage insurance
with everything is 37 dollars a month so everything together is
141 a month
bike had 1.6 miles on it when i bought it

 

[nujee]

financed.
6.45% interest rate from kawasaki
0 down
109/month 5 yr loan
bank will make around 900 something dollars for a 5yr loan. I dont mind them making that much if I have to just want to have a solid savings just in case some emerergency happen in the future.

 

[Decrypticshadow]

Ok, just purchased the Ninja 300 Ebony today.. I financed with $0 down and qualified for 7.92%(5.95% promotional rate + 1.97% finance charge).. Those sneaky banks and their hidden finance charges..

Grrrr.. Still couldn't get less than 8% interest rate anywhere else..


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[Brion B]

Cash,bought and paid for.

 

[ApolloDeuce]

Straight cash homie

 

[Locascio1978]

Financed... bad credit loan. It was my only option at the time.

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[Rogue]

I paid cash. It just made sense for me since I don't need to build credit at this point in my life.