please be very warry of ANY vehicle you purchase.
I had a guy try to scam me last night on an 03 r1.
the name on the title didnt match his name. He had bought the bike but never registered it, and now was trying to sell it to me.
walked away from that one.
did when I was there......
guess not anymore.
This is the best calculator I have ever found for loans.
http://www.bankrate.com/brm/calculators/autos.asp
It will break down payments like Mike just did for the entire life of the loan (based on a fixed rate)
if you ever have any questions about financing a car or bike ask away. Mikes damn good with it (obviously) and I sold cars for 2+ years. I have more then a little experiance with bad credit and working arround it ;)
Mike said it well.
They give you a CC with a rate of 7.99 for 3 years. the minimum payment on that cc is 99 dollars. After 3 years it goes to default rate which is based on your credit (even with teir 1 credit is goes up to 12.99 (NOT A GOOD RATE)) So youve had the bike for 3 years and now...
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