MayhemInNY said:
If I can get a bike for 4k OTD Ill have enough spare change for parts, and equipment.. I am definitely interested to hear what you all think of the bikes at that dealership..
If you require FINANCING in order to get the desired bike, you will NEVER get a decent deal.
ANy dealer that will finance you a $4K OTD USED bike is going to hit you with 18%-28% interest rates, because a USED bike is not a good collateral in case of default on a loan. you can get 4%-7% financing on a new bike because they can find a supply of buyers in case of default.
So what I'm saying here is - if you must finance, you really owe it to yourself to consider a NEW bike instead. Monthly payments are not that much more between new/used, and you will receive numerous benefits, including a lower interest rate.
Yes, you will get hit with depreciation, but if you don't know squat about buying a used bike, you will easily absorb any savings in depreciation on someone else's problems. And an MX bike, by definition, is rarely an EASILY RIDDEN bike, despite what a buyer will say and what's written in the ads. I can't tell you how many times I've answered an ad that has "PERFECT" , "EXCELLENT" and when I see it up close, it's DOGGED out.
I'm sure good used deals are out there, but I doubt it when it comes to MX bikes. THere are good deals all day long for a Yamaha PW50, or a JR50. But CR/YZ/RM 250's are getting slammed every time its ridden, the motors are revved to the moon constantly, and after every ride it has probably been pressure washed where all of the residual dirt is lodged in between every bearing and bushing on the suspension links.