So I'm a new fella here currently own a 2007 CBR600RR..
I've been thinking about making the change to Kawasaki with a new ZX6R. Had some questions though for you guys that may have experienced this before.
Went into a local dealership here "Kelly's Kawasaki" and was approved for a new 09 ZX6R for $9200 OTD (out the door) at 9% for the first two years for a payment of $139/mo. Then after two years the interest rate jumps to 15 or 17%, I think 15%.. and they said will be $215/mo.
Sitting here thinking about it.. I'm glad I have a habit of going and thinking things over before buying. Realizing now that the $215/mo would be assuming that I pay an extra $50 per month and knock the balance down to $8000 in two years. The likely hood of me keeping it two years is marginal, however, if I'm making interest only payments I don't see how I could sell the bike in 2 years time with depreciation.
Anyone worked with this type of financing before? Anything I should be aware of? I appreciate any responses!
Dont be late on a payment, interest will sky rocket after that too. If you dont plan on keeping the bike for 2 years, go for it. You'll def. take a loss when you sell it though.
-Cody
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Always assume car drivers are blind, drunk or blind drunk and are liable to pull the biggest numbskull ****ups imaginable right in your path.
The only way to get out without being screwed is to either pay for the bike in full or to drop a huge down payment and finance as little as possible. That's the only way you could sell it in a couple years and still not have to make payments on it.
