Honda Credit question.

There is typically a charge to run a credit report. I think it's closer to $25 per credit report however credit cards such as visa don't charge you that when they issue a card. I think both charges are there to make a few extra bucks on the deal. Come on $75 bucks to find out your tax rate. Why do they need that. If your buying out of state you don't pay your home state taxes on the bike anyway. I live in PA and bought a bike in Ohio. I didn't pay have to pay ohio taxes because I was a PA resident. Furthermore you only have to pay you state tax/local tax when you register or title the bike in your home state. Since it's an offroad vehicle you may not have to register it. I never registered my bike in PA. I have an Ohio title for the bike.

There are title fees. I did have to pay $80 for an Ohio title. That's a legitimate charge. Tell the dealer that you are exempt from their state tax since you are not a resident of the state.

Also how much are you saving with no payment or intrest for 30 days with the Honda card? IF you put it on a credit card you already have you won't have to make a payment for 30 days either and you won't have to put down any cash upfront.

Just my .02. Things may be different in the states you are dealing with. But I definatly did not have to pay out of state sales tax. That's why I bought my bike out of state.

Larry

Tell us how this comes out. It sounds like they are just trying to get more out of you.

Having too much credit can be a burden on your credit rating too.

I would try a different dealer. Or at least call another honda dealership and ask them if they charge all that crap

you are getting ripped. I got my cr80 (2002) on the honda card with 3 months no intrest. No fees at all to put it on the honda card. the intrest rate is 16 percent after the 3 month period. I was wating for my old bike to sell, and when It did I paid it off with no intrest.

2600?? I got ripped!!! I paid 3144! ( and I had to argue alot~!)

Originally posted by LRice85
There is typically a charge to run a credit report. I think it's closer to $25 per credit report however credit cards such as visa don't charge you that when they issue a card.

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I've never been charged by any dealer, car, motorcycle, furniture, etc. To run a credit report. Now checking your credit report you typically have to pay a fee, that is unless you know your banker by his/her first name.

I've been told by my dealer that credit cards make them pay a service charge from 1 to 3%. I've been turned down on an out of state new bike purchase by a dealer that had really good prices before. They rely on the out of state purchases, but want cash because the discounted price drops more when a service charge by a card company is taken from that price. By the way doesn't using a check from a card company jump the interest rate, usually the same as a cash advance, which is more than the normal card rate.