Wondering about bike payments...?

  • Thread starter Thread starter :OMGCOOKIES
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:OMGCOOKIES

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Know this is a really hard question to answer, however I figure I'll ask it anyway. So, for a four-year payment plan on a 2009 Kawasaki Ninja 250r that is gonna be... about... 4 Grand off the lot with everything included, plus comprehensive, which I have calculated will cost around... 20-40 a month. But I was wondering how much the payments monthly might be on the bike on a 48 month payment plan, I'm not 18 yet so my Co-Signer will have a high credit score, and I will probably put about 500 on a down payment.

Thank you for taking the time to answer this.
 
WAIT--4000 dollars--financing most of it--for 4 years?? The bike won't be worth 2000 in 2 years--so you are wasting money. If you cannot pay cash--then don't buy it yet--SAVE UP and buy cash--the payments include a finance fee--added to the cost--you have got to pay cash to actually SAVE anything at all. Co signer?? BAD IDEA---that only helps you but can be VERY Bad for the co-signer--who may lose credit points--actually they will lose points because you are a bad risk. You better re-think this deal and buy it cash ON YOUR OWN. ANY vehicle--car--truck--motorcycle--loses 20 percent of the value when you sign on the dotted line--in 2 years you will be lucky to even get 2000 dollars if you sell it. 4000 minus 800 is 3200--thats all its worth when you sign for it. But 500 off is 2700--finance fees maybe 300. That is 3000 divided by 48 or however many months--48 into 3000 is??? Thats your amount to pay. for 4 years. It will not be worth that much in 4 years. SO--THEY ARE LAUGHING AT YOU.
 
Most likely you can expect to pay $100 a month. Not to mention when you take a loan on something you have to have full coverage insurance. That is where they will get you. That will be pretty spendy if it is in your name.
 
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