Bike is Here, But, Having Trouble Financing It

[Jim]

Hello,
My bike is due for pickup on the August 27th, but, have to get the financing worked out beforehand. After checking with my credit union and a couple of banks, I'm finding that you have to have a considerable down payment. Running out of time. Is that Yamaha card offer still a good way to go? I've read on the forum where some have said it is not. Thanks for any input.

Jim

 

[JHKolb]

I used the Yamaha Card offer, I am pretty sure it is still running until Sept. At 3.99% for 36 months even my bank could not beat that interest rate which is unusual.

You just have to watch and make absolutely sure you don't miss a payment or they will rank you up to the full interest rate which I believe is nearly 21%. Also, if you make any additional purchases, those new purchases are subject to the standard rate not the promotional rate, so if you are buying any accessories, get them with the bike so you can finance them at the 3.99%

 

[colorider]

+ 1 on the Yamaha credit card @ 3.99%. Hard to beat!!!

Good luck!!!

Rod

 

[maddog5150]

I was able to get the 3.99% financing from Yamaha this past Saturday. Actually, they had 2 options that were both 3.99%
1. Yamaha "credit card" this is the one where you have to be careful about missing a payment, or adding other purchases in. This is basically a revolving loan like a credit card
2. GE Capital. This is a normal installment loan. 36 months, and no more.

Not sure if there are different requirements for either of them. I went with the GE option just so I know it will be paid off in 3 yrs max. hopefully I will have it knocked out in 2...

 

[Jim]

Thanks for the info guys. Spirit is up now. Going to the local dealer here tomorrow, and see what I can do. It would be a shame to lose out after so much anticipation for my motorcycle. Just turned 59 today. What a birthday present if I can get approved!!!
D&H Cycles, up there in Cullman, AL, has been kind enough to store my bike in its crate free of charge until I'm off of work to go get it (the 27th).
Jim

 

[HoebSTer]

JIm, unless Credit Unions are different and "tighter" in Florida based on the economy, they should be the easiest to get a loan with. I have dealt with them both in Ohio and Washington and have never required money down. You might want to ask a second credit union around the area.

 

[~TABASCO~]

I was able to get the 3.99% financing from Yamaha this past Saturday. Actually, they had 2 options that were both 3.99%
1. Yamaha "credit card" this is the one where you have to be careful about missing a payment, or adding other purchases in. This is basically a revolving loan like a credit card
2. GE Capital. This is a normal installment loan. 36 months, and no more.

Yep, what I was about to write... I did use the card for the bike only.. I was told that for other goodies it would be 16+% ???

 

[Jim]

JIm, unless Credit Unions are different and "tighter" in Florida based on the economy, they should be the easiest to get a loan with. I have dealt with them both in Ohio and Washington and have never required money down. You might want to ask a second credit union around the area.

You know Jeff, now that you mention it, I've only checked with one that I'm currently a member. It's one that I co-signed for a car with my son. I'm going to check with some others. Thankyou.