Annual Percentage Rate (APR) for a new Dirt Bike.

[Stichnoth]

Here's the banker's perspective. The bank I used to work for published
weekly consumer loan rates (APR's) for motorcycles and they were usually
3-5% above the current Prime Rate. So take today's prime rate (8.25%)
and add 3-5% and that should get you close to what a bank might charge
for a motorcycle loan.

Of course, all banks are different. Other financing options might be
cheaper, like going through a credit union. In general, motorcycle
loans come with higher interest rates than your average car, house, or
boat loan. Probably because most of them don't hold their value as
well.

John S.
'99 KTM 300EXC

Sent via Deja.com http://www.deja.com/
Before you buy.

[MRRMX]

call the dealer.. the bank wants 10.25%
for a bike loan.

[www]

a friend recently bought a 00 cr 250 17% interest
California
The did not require comprehensive insurance

Mordido <mesme...@my-deja.com> wrote in message
news:7vkar5$44h$1...@nnrp1.deja.com...
>
>
> Can anyone tell me what the APR (Annual Percentage Rate) is for buying
> and financing a new motorcycle like a Honda CR80 or Honda XR80? The
> CR80 is approximately $3099 and I would put a $1000 downpayment which
> would leave $2099 to be financed and it's this $2099 to which I would
> have to apply the APR. I'd appreciate some input. In advance, thank
> you.
> --
> The only thing that doesn't change is the fact
> that things change.

[Sadfer]

12% or there-abouts for a bike loan. I see around 10% for personal
loans.

[FIZ...@webtv.net]

When I bought my sportbike new, I paid for all but $2,000 worth, which
was financed. I had a 18 month loan for the $2,000. At the end of the 18
months I paid a total of approx. $200 in interest. The APR was 7.5%.
That loan was through the dealer.

[Peter Patton]

Different with each institution. Check around for the lowest rate. Credit
Unions are good.

Peter

Mordido wrote:

> Can anyone tell me what the APR (Annual Percentage Rate) is for buying
> and financing a new motorcycle like a Honda CR80 or Honda XR80? The
> CR80 is approximately $3099 and I would put a $1000 downpayment which
> would leave $2099 to be financed and it's this $2099 to which I would
> have to apply the APR. I'd appreciate some input. In advance, thank
> you.
> --
> The only thing that doesn't change is the fact
> that things change.
>
> Sent via Deja.com http://www.deja.com/
> Before you buy.

--
http://people.mn.mediaone.net/motoppl/public_html/index.html
mot...@mn.mediaone.net
Motocross Rules!!!
Peter 3 # 524
Peter # 739

[MLM]

Let us assume that you will finance $2099 @ 12% for 2 years. Your monthly
payment will be $98.81, total amount paid over the life of the loan will
be $2371.44. The cost of financing will be $272.44. Motorcycle loans
all ways have a high rate due to the short term of the loan.
You would be MUCH better off taking out a line of credit against the
equity of your house, that way the interest will be tax deductible.

[RidesKTM]

>Can anyone tell me what the APR (Annual Percentage Rate) is for buying
>and financing a new motorcycle

My credit union financed my KTM300 at 8% APR.

[Donald Frank McHugh II]

I don't think the prime rate is that high, its like four or five percent,
not eight.
Donny
CL360

Stichnoth wrote: