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View Full Version : Where to get a bike loan ?

BpuTacoma
03-07-2006, 11:22 AM
Where's a good place to get a bike loan ? I just need 5 grand, and capital one minium loan is 7500, and i don't wanna loan that much.

Besides your local bank are there any other places ?

Thanks
rlanicek
03-07-2006, 11:24 AM
roadloans.com
blackjack
03-07-2006, 11:26 AM
your bank
1FST4
03-07-2006, 12:19 PM
eloan.com
cbrjames
03-07-2006, 12:26 PM
So if you get a $7500 loan from capital one, do you have to use that whole $7500? :confused:
Nick Chapman
03-07-2006, 12:39 PM
So if you get a $7500 loan from capital one, do you have to use that whole $7500? :confused:


No, but your payment would be based off the 7500 loan. So they would be higher than a 5000 loan.
cbrjames
03-07-2006, 01:26 PM
No, but your payment would be based off the 7500 loan. So they would be higher than a 5000 loan.

Well, on my loan, i had $10,500. I used $9800 of it, and my payment was ok. Then i used the rest of it on gear, and my payment only went up $20.
Nick Chapman
03-07-2006, 01:33 PM
Well, on my loan, i had $10,500. I used $9800 of it, and my payment was ok. Then i used the rest of it on gear, and my payment only went up $20.


Well, I'm sure what you can afford and what he can afford are different #'s.
cbrjames
03-07-2006, 01:37 PM
Nah, i'm a poor broke white boy :D
Nick Chapman
03-07-2006, 01:40 PM
Nah, i'm a poor broke white boy :D



"Boy" being the key word there ;)
1BAD2K
03-07-2006, 01:41 PM
Where's a good place to get a bike loan ? I just need 5 grand, and capital one minium loan is 7500, and i don't wanna loan that much.

Besides your local bank are there any other places ?

Thanks
take the 7500 loan and immediately pay the extra 2500 back. plus this will save you interest in the long run due to the initial loan being 7500 and your payments based on that.....
cbrjames
03-07-2006, 01:59 PM
take the 7500 loan and immediately pay the extra 2500 back. plus this will save you interest in the long run due to the initial loan being 7500 and your payments based on that.....


That's what i was trying to spit out!! :rolleyes:
a23turbocoupe
03-07-2006, 02:36 PM
yay...get a loan and buy my gsxr...check the classifieds
88hatch5_0
03-07-2006, 03:04 PM
Well, on my loan, i had $10,500. I used $9800 of it, and my payment was ok. Then i used the rest of it on gear, and my payment only went up $20.

your loan is on a credit card, his capital one loan is an installment, they are completely different
cbrjames
03-07-2006, 03:13 PM
But is it an actual credit card? Even though the loan is thru GE Capital? :confused: I can't use the card for anything else..... Just askin Jason :D
1BAD2K
03-07-2006, 03:23 PM
That's what i was trying to spit out!! :rolleyes:
didnt read every single post before i posted :confused: :rolleyes:
cbrjames
03-07-2006, 03:39 PM
didnt read every single post before i posted :confused: :rolleyes:

No, no, nooooo. What you actually said, was what i was trying to say, but Nicks little simple mind couldn't read between the lines. :D
Nick Chapman
03-08-2006, 06:02 AM
No, no, nooooo. What you actually said, was what i was trying to say, but Nicks little simple mind couldn't read between the lines. :D



Even if he pays the $2500 back, his payment will still be based on the $7500 loan unless this is a credit card, then it will be based on the actual balance.

Oh and James, stop PM'ing me! I DO NOT want to go see Brokeback Mountain! :eek:
ram57ta
03-08-2006, 07:08 AM
lol
88hatch5_0
03-08-2006, 09:39 AM
But is it an actual credit card? Even though the loan is thru GE Capital? :confused: I can't use the card for anything else..... Just askin Jason :D

It is a credit that can be used at any motorcycle shop that accepts that card. If you would have had an installment loan you could not, for example, pay 2,000 on it then 3 months later charge another 2,000. However, with the loan you have (credit card) you can.
rlanicek
03-08-2006, 09:44 AM
You guys probably know more about this subject than I do, but a friend of mine just bought a 2006 GSX-R 600. She applied for and was approved for a Suzuki credit card which she used to buy the bike. Apparently it works like a loan as far as having a high enough credit limit to purchase a motorcycle, but it is really revolving credit in that the minimum payment changes based on the loan balance. I don't know what the interest rate is, but I am sure it is higher than an installment loan. Still might not be a bad idea if you plan to make additional payments to principal.
cbrjames
03-08-2006, 09:47 AM
Even if he pays the $2500 back, his payment will still be based on the $7500 loan unless this is a credit card, then it will be based on the actual balance.

Oh and James, stop PM'ing me! I DO NOT want to go see Brokeback Mountain! :eek:

Bitch, you are the star in that movie, why would i want to go see it?!?! :D
Nick Chapman
03-08-2006, 09:51 AM
Bitch, you are the star in that movie, why would i want to go see it?!?! :D


Ooooh!!!! Good comeback!!!! :rolleyes:

Brokeback James :D
cbrjames
03-08-2006, 09:53 AM
Ooooh!!!! Good comeback!!!! :rolleyes:

Brokeback James :D

Ass!
Nick Chapman
03-08-2006, 09:54 AM
Ass!


Another original! :D

Isn't it funny, I mention Brokeback and the first thing out of your mouth is "ass" :D
MattB
03-08-2006, 09:57 AM
If the difference in the monthly payment amount on a $5000 loan and a $7500 loan is going to absolutely kill you, even with a $2500 "cushion" for the most part after taking the $7500, it sounds like you really can't afford a bike in the first place.:)

MattB
-keepin it real
cbrjames
03-08-2006, 09:58 AM
Another original! :D

Isn't it funny, I mention Brokeback and the first thing out of your mouth is "ass" :D

Yeah, because my foot's gonna break off in your ass!! Dirt boy! :rolleyes:
BpuTacoma
03-08-2006, 11:37 AM
If the difference in the monthly payment amount on a $5000 loan and a $7500 loan is going to absolutely kill you, even with a $2500 "cushion" for the most part after taking the $7500, it sounds like you really can't afford a bike in the first place.:)

MattB
-keepin it real

i can afford it, i just figured it had a better chance of getting the loan if it was a smaller amount.

Which would be easier to do ?....get a loan from a bank for a used bike or just going to a dealership and financing a new bike ? for someone with decent credit....
1BAD2K
03-08-2006, 12:09 PM
No, no, nooooo. What you actually said, was what i was trying to say, but Nicks little simple mind couldn't read between the lines. :D
lol i got ya. anyways that would be the way to go because it would also provide the opportunity right off the bat for mods or gear or wahtever. we all know how that is. lol :D