| When you're buying a motorcycle you need to know | | | | Here are some things to think about: |
| about bikes, but you also need to know about how | | | | Be careful about reading the fine print. If there is a |
| to buy a bike, and that has nothing to do with | | | | special low interest rate for a short period of time, |
| engines and manufacturing. One important detail | | | | but then the rate increases to a much higher rate (as |
| where a lot of people that purchase motorcycles go | | | | with many credit cards) it is not advisable to take |
| wrong is getting the right loan. | | | | that deal unless you are surely able to pay off the |
| How much the loan agent is willing to loan you is a | | | | loan before the high rate kicks in. |
| good way to figure out what kind of bike you can | | | | If you can't, it is probably a better idea to opt for a |
| afford to buy. Prices vary a lot between different | | | | different kind of loan, even if you end up paying a |
| models, and at the beginning of the year when new | | | | higher interest rate. You don't want to get caught |
| models come out they are generally more expensive | | | | with that inflated interest rate at the end of the |
| than at the end of the year when dealers are trying | | | | promotional period. |
| to get rid of old inventory to make space for the | | | | Another thing is to remember your budget. Don't |
| next year's models. But through all this one thing | | | | borrow more than you can afford to borrow just so |
| remains constant, and that is the fact that if you | | | | that you can have a shiny bike. Remember you're |
| don't have the cash, you're going to need a loan. | | | | going to have to buy gas, insurance and pay for |
| Don't fall for the tricks. Remember that you have | | | | maintenance, and you have a life to live than involves |
| alternatives to purchasing a loan from the dealer. | | | | other expenses as well. |
| Don't get caught up in the pressure to buy a bike | | | | Make sure you know what you're signing. There are |
| and forget that this deal is really all about money. | | | | a lot of loopholes that a layman misses the first time |
| You can go to the bank, the Internet, or to a credit | | | | he reads a technical legal document, and lenders use |
| union and apply for a loan, so don't let anyone push | | | | these loopholes to get you to pay more than what |
| you around. | | | | you planned for. What is the time period of the |
| The best thing you can do is shop around before | | | | term? Is the interest rate fixed, and if so is it |
| you even go into the bike shop, so that you go in | | | | permanently fixed? If not, when can it change and |
| there knowing what you're working with. You are | | | | for what reasons? Does it have to be full coverage? |
| now in a position to fight for the best price, but if | | | | What are the registration fees, and what other fees |
| you don't know what your options are then you | | | | are there? Is there a late payment penalty? Does |
| have to take the word of the person who is trying | | | | late payment affect the interest rate? Does the |
| to sell you a loan. That is never a good idea. | | | | program use simple interest or the rule of 78? |
| There are many mistakes that people commonly | | | | Remember, what you don't know can really hurt |
| make, and the person who gives you the loan is apt | | | | your pocket and affect your way of life. It is worth |
| to make a lot of money off people who don't do | | | | the effort to do the extra research before going out |
| their homework before signing on that dotted line. | | | | there and buying a bike. |