cheap bikes on finance?

[mic]

Hi

Have budgeted between 1-2k for a bike. more expensive the bike the longer itll take to save....

if i took out credit for a bike lets say cost £1500, what sorta deposit would i be expected to pay and do places do a 12 month finance option?!

im not bankrupt but my credit history isnt a shining example either so i dont want to fill out forms online cos i know they log em.

anyone had finance for cheap bike before?

thanks

[Sako]

Deposits are usually minimum 10%, but you'll be wanting to put down more than that to get lower monthly costs and reduced APR rate.

Aim for around 30 - 40% deposit.

[LockyUK]

if you do it that way you have a few more options, a low/no interest credit card and the second being a traditional loan, i am sure they will appreciate the colour of your money then

[BigDan1190]

You'll be likely enough to get finance through a dealer, its called a Hire Purchase agreement and its secured on the bike - if you miss the payments, they take the bike back - hence you're much less likely to miss payments, and even if you do, they'll get their money back.

[Turkish]

Tesco Bank have a credit card offer at the moment, 0% on purchases for 18 months, there are similar offers from other places, too.

Personally I'd rather go that route as you can be more flexible with repayments, it is unsecured, and you get extra consumer protection.
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ZX-6R G2
CBR125R RW6

[-Matt-]

I'd agree with Turkish personally

[Wonko The Sane]

as with anything finance related, the more money you can throw down at the start the better as the amount borrowed is less,

This can benefit you in either shorter timescale, lower interest or lower re-payments.

Think our sofa costs us £10 per month over the space of a couple of years as we couldn't quite afford it outright.

[mic]

this is my local used bike dealer (well what sell bikes under 3k anyway) and theyre calling back on monday to talk me thru how they do it. cant see it being much different from car finance.

at the moment (bearing in mind im still waiting a few weeks so these mightve gone by then) i see these which are probably better suited to a noob



xj 600

everyones favourite....

the wildcard which looks ok

[-Matt-]

Like look of the ZRX personally

Not majorly against bandits personally but i know a lot of people see them as a pit of sin

[T0MMY]

I'd save up the cash and go private...not saying the dealer is overcharging as I never look at dealer prices but those bikes all look really expensive to me compared to what you could get on Ebay.
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ZX6R + CBR600RR

[mic]

[T0MMY]

[SteveZZR]

Have you considered going brand new?

Kawasaki dealerships at moment are offering 0% APR over 3 years with a £60 (yes, sixty) deposit.
Was almost enough to tempt me into a new 636....

[-Matt-]

[_mjs_]

There's a lovely CB500 going cheap in the for sale section if you can scrape £800 together
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Previous Bikes: 2006 Honda XR125L > 2003 Yamaha DT125R > 1996 Honda CB500
Current bikes: 1997 Kawasaki ZZR 600 E5 > 2006 Honda Varadero XL125V

[T0MMY]

The other thing about warranties is that given how much more you're paying for the priviledge of buying from a dealer you'd have to have a lot of problems to be better off, even if they honoured it.

For example, quick look on Ebay shows this...

https://www.ebay.co.uk/itm/1999-YAMAHA-XJ-600-XJ600S-DIVERSION-GREEN-LONG-MOT-F-S-H-1-START-NO-RESERVE-/290941558780?pt=UK_Motorcycles&hash=item43bd77dffc&nma=true&si=qyFl7xaIrkVkWex5q%252Fc7FJqbadE%253D&orig_cvip=true&rt=nc&_trksid=p2047675.l2557

...sold for £700 less than the dealer one you posted. It has one third the mileage, longer MOT and the proper half fairing and (apparently) doesn't need any of the consumables renewing.

Why people go to dealers is beyond me.
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ZX6R + CBR600RR

[Troy92]

[T0MMY]

[cb1rocket]

Dealers are pointless! You pay over inflated prices and the warranty is worthless. Why bother...... Totally agree with tommy
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Honda H100S2 Rebuild - https://www.bikechatforums.com/viewtopic.php?t=253852