Well I started calling around and just asking what the current best rate was. The best rates seemed to be 9.9%. So about 10% is the going rate at a commercial bank/finance company for a motorcycle loan. The best rate I was quoted was 10.24%. Dealer financing was 10.99% so I just pulled the trigger on that because it was simpler and I don't care about 3/4 of a precent. I guess if the best rate I could get was ~10% and I got ~11% then I no longer feel that insulted. BTW, this will be my main mode of transport aside from the train/bus. I could have bought the bike outright but most of my money is invested and I didn't want to sell any stock and plus, I just got a large raise so I'm pretty comfy financing this "toy". There's no prepayment penalty so who knows, maybe I'll pay it off in a year and go hunting for cheaper insurance. Thanks for the replies.
