What's the interest rate

[hondaman]

Going to buy another spyder.whats the good interest rates on motorcycles these days?i know credit score will matter the most.all I get from a dealer is ill get you a good rate.my idea of a good rate is 2.9 - for 60 months

 

[LV2RYDE]

For good credit

Going to buy another spyder.whats the good interest rates on motorcycles these days?i know credit score will matter the most.all I get from a dealer is ill get you a good rate.my idea of a good rate is 2.9 - for 60 months

My dealer has: 3.9 for 36 months, and higher if paid on longer period.

 

[BLUEKNIGHT911]

BEST RATE

IMHO......do not get the Dealer involved with the loan......this will cost you money somewhere in the transaction......that's how they make MONEY off you.......Go to a CREDIT UNION you will get the best RATE there ..........................Good luck,......Mike :thumbup:

 

[ARtraveler]

Best financing is obtained on your own if you have a good credit rating. Best to arrange for X $ and then you have the ability to negotiate with the dealer.

Dealer arranged financing usually entails "dealers reserve." EG. The dealer quotes you 7% interest rate, the real interest rate from the bank is 5%. You pay 7% and the dealer gets a 2% kickback from the bank as a part of the deal with the bank.

Motorcycle loans are usually more expensive than car loans. Why??? I don't know.

I have found my best interest rates from Credit Unions the last couple times I financed something.

 

[Dan_Ashley]

Better

https://www.hvfcu.org/loans/motorcycles

 

[Kwalsh]

I was talking to my dealer and going thru my credit union she said she could easily get us 1.5%, she just did a loan thru them for a lady with a leftover st and she put a decent chunk down and was at .99%

 

[latony007]

i would not pay more than 3.9%
I bought my yamaha new at that rate and only borrowed 5k but the interest over 6 years was like 500$
Got my car at 0% for 72 and thats the way it should be. if your buying their car for 30K an interest free loan seems like a great way to sell them.

 

[hondaman]

Sheffield has 3.9 36 6.9 60 7.9 84

 

[joebryanjr]

IMHO......do not get the Dealer involved with the loan......this will cost you money somewhere in the transaction......that's how they make MONEY off you.......Go to a CREDIT UNION you will get the best RATE there ..........................Good luck,......Mike :thumbup:

I agree. My Credit Union always has the best rate, esecially with automatic deduction.