Hey, I am using suzuki HSBC credit line right now to pay off bike.... min payment is $99, but i pay $400-$500 per mo (to pay off fast) because the financing goes from 6.5% to like 17% or 18% after two years, so unless a bunch of people had 10 grand laying around let me know what banks would do it. I'm 20... so if your 35 and got "a great deal" i probably can't get it...(though my credit is good, i only have about 2 years of history)

I'm no finance expert, but wow man if you are paying $500 a month right now, you are paying an extra $400 per month in principle on the balance ( just guessing maybe $10,000?). Even at your current promotional rate of 6.5% ( which is good for a bike), you should be able to pay it off in just over 2 years, assuming you financed 100% of the bike. If you can afford to keep paying that much why mess with the rate. Even if you have a balance at the end of the promotional period, who cares, it would be so small anyway.

I'm not a fan of applying for loans left and right. If I can pay something off I pay it off, why go through the hassle?

Just my $0.02.

Of course if you ended up paying $16,000 for a bike, then no, the above assumption would not be inline. LOL

Yea like the above said that rate for now is good for your age and limited credit, so stay with the rate you have now and when it goes up the you will have anothe couple yrs credit history and can refi then :cheers

Sounds like your on the right track :cheers

Hey, I am using suzuki HSBC credit line right now to pay off bike.... min payment is $99, but i pay $400-$500 per mo (to pay off fast) because the financing goes from 6.5% to like 17% or 18% after two years, so unless a bunch of people had 10 grand laying around let me know what banks would do it. I'm 20... so if your 35 and got "a great deal" i probably can't get it...(though my credit is good, i only have about 2 years of history)




Check with your local credit union. They usually have the best rates around. Not all credit unions finance bikes so you will have to find one. The ones that dont just give you a personal loan around 7-10%. I got my bike financed at 4.65% for 48 months. Im 24 and have good credit.

pay as much as you can at this promo rate, then get your local credit union to refi when the promo is up.

Credit union is the way to go..

Assuming you are paying $450 a month, you'll have paid off $10,800 after two years. Unless you deviated from your payment plan, the leftover won't mean jack to you...

hmm. thanks for the advice... my payments are usualy up there... but sounds like credit union is the way to go and ill just refinance later. :cheers while im at it anyone know any low rates for theft? (i live really close to the hot'st spot for bike theft..)

W/ a credit score in the high 600's, my credit union offered a rate of 15.99% :dissapointed
It might not be for everybody, but Suzuki's finance plan worked for me.

any financing works fine if you understand it and don't get duped by a shady finance guy.

Hey, I am using suzuki HSBC credit line right now to pay off bike.... min payment is $99, but i pay $400-$500 per mo (to pay off fast) because the financing goes from 6.5% to like 17% or 18% after two years, so unless a bunch of people had 10 grand laying around let me know what banks would do it. I'm 20... so if your 35 and got "a great deal" i probably can't get it...(though my credit is good, i only have about 2 years of history)

Since it is a Suzuki card, at the end of the 2 years roll the balance over to a 0% credit card as a balance transfer. You should have an extra 8-12 months introductory offer and then keep rolling if you can not pay it off in that time frame. Cancel old credit cards, so you do not build up too much revolving credit, but 3 Credit Cards are good to have to show good financial management of funds....as long as they are all not maxed out.