Finance for Motorbikes.

[Gulp]

On purchasing a BMW motorbike, I asked ?why we don?t get discount with BWM finance like they do on their cars??. The reply was not to much to go by, but any way as I enjoy my BMW bike I forked out the cash.
Yesterday, I check up on the BMW USA sight ( www.bmwmotorcyles-com/finance_promos/index.jsp ) and see that they are giving finance at 4.9%!

For most of the 650 and 800 range bikes,

?BMW Motorrad has some of the best financing options in the motorcycle industry, and combined with the legendary BMW warranty, grabbing a new motorcycle has never been easier or more affordable. But don't let this impressive financing number pass you by?unlike our bikes, this offer will not last forever. So get to your BMW Motorrad dealer today to grab one of these incredible new bikes in person so you can hit the wide open road.

* To qualify for the 4.9% rate you must be approved by BMW Financial Services?

Now could some one in Finance at BMW answer this question?
At 4.9% I would have bought two bikes!!!!!

[Kaboef]

Remember, USA interest rates are not similar to SA.

[michnus]

Very interesting, send Mr Harris a e-mail and hear waht he's got to say

[JourneyMan]

Be aware of these offers.

Normally comes with balloon payments at the end. It makes the bike/cage more affordable monthly but you pay very little capital during the period. It means at the end of the period, you have still a very sizable capital amount outstanding and you have to re-finance or sell.

Sometimes the market value is then less than the outstanding capital.

In the end it will be a more expensive option. You will pay more interest in the long run.

Might have it wrong here. What say you bankers?

[Ama ride ride]

Be aware of these offers.

Normally comes with balloon payments at the end. It makes the bike/cage more affordable monthly but you pay very little capital during the period. It means at the end of the period, you have still a very sizable capital amount outstanding and you have to re-finance or sell.

Sometimes the market value is then less than the outstanding capital.

In the end it will be a more expensive option. You will pay more interest in the long run.

Might have it wrong here. What say you bankers?

JM....jys te ernstig vir 'n vrydag.....gaan drink 'n bier iewers....

[JourneyMan]

Ek kan baaaaiiie bier koop met al die rente wat ek al gespaar het om nie vir hierdie "ongelooflike" aanbiedings te val nie.

Maar ja. Nou praat jy. Hoop ek kan dit maak vanmiddag anders drink ek maar op my eie. :oops:

[michnus]

JM go drink a beer

On Beemer cars you get straight a -5% deal,on any lease or HP if you want you can add a balloon payment but you don't have to.

He is quite correct if they offer it on selected Beemer cars why not do it on their bikes.

[JourneyMan]

Well that is good then.

Give them hell!

 

[X Banana Boy]

4.9% in the US would probably be 12-15% for SA cause you guys like to get ripped off and take it lying down.

I get solicitations in the mail for 0% financing for 60 months for a car or bakkie.

[Uiltjie]

There's a big difference in vehicle finance in the US than in SA.  In the US they "overtrade", meaning that there are more vehicles than buyers.  They offer you 0%, or 4% with a anything from $2k - $8k cash in hand.  They basically pay to take new vehicle, that's why cars are normally not older than 3 years.  Anything older than that is worth f#ckall.

I rode with a chap who had a BIG suv, cannot recall the model, bought it for $47k (which is pretty expensive there) drove it for 3 years, 60k miles, and he reckons he would be happy if he could get $18k for it.

Furthermore, having done some business myself on machines over there, the dealers are only doing business on his ability to trade well.  He has to trade vehicles in for more than they are worth, to be able to sell again.  Which is a far cry from what happens over here, ain't that right, mr Pat Jansen?

Julle (en ek) is glad te ernstig vir 'n Vrydagaand - fok die bier, ek gaan nou 'n Captain Morgan gooi....OH, Captain, my Captain!

[Propkop]

Julle (en ek) is glad te ernstig vir 'n Vrydagaand - fok die bier, ek gaan nou 'n Captain Morgan gooi....OH, Captain, my Captain!

1/4 oor 5 is bietjie vroeg om "aand" te noem, maar glad nie te vroeg vir 'n Sardyn nie. Drie duisend bibberende bloublaasies!