Discussion in 'OT Driven' started by ansible, Jun 26, 2003.
is it a good idea to get the 36 month financing plan from them if i qualify?
depends on the apr, but, of course, it's better to pay the bike in full.
it would be 3.99 for the 36 months, then after that it goes to regular apr. by the time i can afford to pay it in full i would probably have been able to pay the loan off.
in that case, i'd consider a used bike. the apr probably wouldnt be as nice, but interest rates are at an all time low (feds just cut another 1/4 pt) and you may be able to get a very nice bike while spending less in total.
3.99 is nice, but it's still "bad" debt (dont know if that even matters to you right now, but it's something to think about). calculate what your actual total paid will be.. even at 3.99, that bike probably wont look like a very good deal anymore. and will you be able to pay it all off in 36 mths? if not, perhaps you're not ready (financially) for a bike. that's my thought, your own priorities may be different. related to that, what is the "regular" apr?
17.8 if you fail to pay it off in the 36 months
and its kinda hard to find what i want used...
kfx700, theres like none on ebay, a few parts at most.