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MX, SX & Off-Road Discussions
General Moto | Off-Topic Posts
Monthly Payments on bike ( from Dealer few Questions??)
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[QUOTE="bsmith, post: 1153394, member: 23934"] OK $2,800 at 24 months at 0.00% Interest is $116 a month. So they are giving you some really funky Math, or it's credit card application! The Credit card min is $100 a month and you would never pay it off. That is most likely 99.9% interest. If you "need" it go to a normal bank and see about a loan, but stay away from any dealership or manufactorer Credit card. They will be min 21% rate with no structured payment schedule! Local Bank might not loan on that old of Bike though. Most likely need a new one or at least 1 year old. Even if you can get a strucured bank loan, a 24 month loan for $2800 would be about $130 a month at 12%. Also, on a Bike loan I beleive you will be required to carry Insurance. Proof of Insurance will be required at signing. [/QUOTE]
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MX, SX & Off-Road Discussions
General Moto | Off-Topic Posts
Monthly Payments on bike ( from Dealer few Questions??)
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