Acceptable interest rates

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blue flame

Pack Dog
Joined
Jan 8, 2008
Messages
148
Reaction score
0
Location
Hartbeespoort
Bike
Suzuki DR-Z 400
I would like to know what an acceptable interest rate is on a motorcycle.
I have received quotes from banks ranging from Prime + 6 % (really ridiculous) down to prime plus 0.3 making the interest rate 14.8% (still to high for me). The banks excuse was the amount is to low that I want to finance
All my other interest rate (Car and house) is prime â?? 2%.  (Yes I do have a very good credit record)
I know motorcycles are classified as a luxury item but still what is an acceptable interest rate?
 
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