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How To Get The BEST FINANCING Deal | Tips From A Salesman 

Srkcycles
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26 сен 2024

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Комментарии : 111   
@TexasCardShark
@TexasCardShark 3 года назад
I got my bike financed thru Suzuki at 1.9% and made all the payment with my cash rewards credit card which had 3.0% cash back on purchases. So the bank had to pay me 1.1% back. BETTER THEN PAYING CASH. My credit score is 800 plus.
@axelvega2899
@axelvega2899 3 года назад
w
@dznuttzonyachin7499
@dznuttzonyachin7499 3 года назад
hey here is an idea 💡 stfu
@TexasCardShark
@TexasCardShark 3 года назад
@@dznuttzonyachin7499 Loser!
@joshuamorales1095
@joshuamorales1095 2 года назад
Mind if I pick your brain on credit building strategies?
@TexasCardShark
@TexasCardShark 2 года назад
@@joshuamorales1095 Less inquires, on time payments, and wait about 5 to 7 years.
@davidleoncampbell
@davidleoncampbell 5 лет назад
My bikes are not toys.....I use them to commute to work (76 miles round trip) and ride 15,000-17,000 miles per year.
@Firestorm637
@Firestorm637 5 лет назад
Nice job. Totally agree on 3 years is the longest to finance. Longer than that, you are buying too much bike. You end up too underwater and after 3 years you may be tired of the bike. When someone states they can only afford $150, that is usually there max and some dealers will make it $160/month and your already stretching it Many of these bikes show up for sale a few months later. When my son turned 16 we went to a dealership for a car. I was trading in a SUV worth $12,000 wholesale. I told my son, watch how these dealerships try to rip you. The guy offered $8000 for the SUV because it was a gas hog and nobody was buying. I told my son , let’s walk to the door and this jerk will meet us at the door. He did and offered, $10,000, I said no, he came back $11,000 and I said $11,500. Sold. You can not be ignorant negotiating. I hate the dealership experience as they will take advantage of you.
@SonicBoomC98
@SonicBoomC98 3 года назад
I did 3 years on my scooter
@Blottski
@Blottski 2 года назад
Just goes back to: "never finance the toys"
@AlanRoberts-qw4sh
@AlanRoberts-qw4sh 4 месяца назад
Did you have full coverage insurance for your scooter? While you were making payments.​@@SonicBoomC98
@ChristianKustomz
@ChristianKustomz 5 лет назад
Good stuff. Thank you for all of the information. I gotta say that I love what SRK does for us and the principles that it’s built upon.
@chrisarroyo1431
@chrisarroyo1431 5 лет назад
Wow... I made pretty much every mistake I could have back in the day when I bought my first nice bike... Now I know why it felt like it took forever to pay it off!!
@GirlArmy21
@GirlArmy21 3 года назад
All good points. No longer than 3 years. I was looking at Can-Am Ryker....I was going to add on a bunch of accessories to my financing....I was going in blind. Now, I am going to buy my own accessories separately, buy my gear probably used....and talk to my bank first so I know what a reasonable interest rate should be vice at the dealership. Thanks so much for the video.
@RockNeurotiko
@RockNeurotiko 5 лет назад
Oh man, the last tip is a really great one when buying a new bike, thanks for the video!
@4drumz-662
@4drumz-662 5 лет назад
Thank you for cutting the mandals and man-feet out of the frame 😆
@carpenterrick186
@carpenterrick186 5 лет назад
I'll just keep riding my KLR650 and buy another after this one. Cheap reliable fun!!! Great video Caleb!!!!!
@kasewilliams6848
@kasewilliams6848 2 года назад
One thing you didnt cover was the people who get 72 month loans and pay them off in a year or two. Just about covering our ass if things don’t go as planned the next year or so
@RedMageGaming
@RedMageGaming 4 года назад
Haha, I didn't even know you could roll your gear into the financing deal, that's hilarious. Good tips all around, I know my credit is fairly shot so I'm just squirreling money away for a bike, keeping my eyes open on the used market, but also on dealerships because no one is selling the bike I want used, so I'm sitting here putting money aside on the idea that I can either choose to get one of the bikes I'm looking at or go to a dealership with a heafty down payment and finance the rest over a year or two. I'm looking at what I can afford overall that also fit's inside my desires for a bike. I would love to be able to throw 10k at a bike, but I just don't have that kind of income to drop 7 or 8k down and finance the rest. But I could potentially drop 5k down on a 7k bike and finance the rest of that without issue if it came to it. I might end up going that road depending on how all this goes down with the pandemic. My dream bike would be the Africa Twin, but I think that's probably just a little more Bike than I really need, So I'm looking for a 2019-20 CB500X as it's a little more reasonable of a bike for me and my time spend riding. Trying to find one locally isn't working out too well though lol. Lots of 2016 CB500F and CB300Fs around though.
@jont.3243
@jont.3243 5 лет назад
I'm guessing the thumbs down came from finance guys working at a dealership 🤔 🤣 Seriously tho, thank you for sharing this info.
@darrenwilliams3398
@darrenwilliams3398 6 месяцев назад
It seems like they require a really high credit score even for a 5-6k motorcycle
@andrewtheodorethomas
@andrewtheodorethomas 5 лет назад
The guys at Hannums HD Media and Brandywine are hawks. They scoff at a sportster and try and make you feel like a loser for wanting one and then they put pressure on you to finance a bike for more $ than the one you came to pay cash for and then pry into what your monthly budget is. I was very upset at all this. Upset at their tactics and the fact that they thought I was stupid.
@Srkcycles
@Srkcycles 5 лет назад
That sucks
@germanium1872
@germanium1872 5 лет назад
These Caleb videos are cool.
@kevinbarry71
@kevinbarry71 5 лет назад
As he says, for most people a motorcycle is a toy. As I say, if you can't afford to pay cash, you cannot afford it. Don't buy it, you'll never have any money going through life like that.
@mirandaacevedo6558
@mirandaacevedo6558 Год назад
Mmmm he never said that
@jhawk78
@jhawk78 Год назад
If You have no credit established you might as well forget it they won't approve notta.. even if you don't have any debt you wont get approved if no credit established
@TheDaiquan32
@TheDaiquan32 3 года назад
Great info man. Appreciate that !
@thewheel2023
@thewheel2023 5 лет назад
Thanks for the good advise
@DennysPlantBasedJourney
@DennysPlantBasedJourney 5 лет назад
enjoying this new series. keep it up
@d.e.a.t.h2258
@d.e.a.t.h2258 3 года назад
Thanks for this video man help me alot
@tennesseemattoutdoors5405
@tennesseemattoutdoors5405 3 года назад
Good info right here.. I have caught myself for sure on the time spent looking for the perfect bike when paying with the green and not financing
@markmcgee4255
@markmcgee4255 5 лет назад
Cool vid I like it the only thing I would ad about financing is then u will have to have full coverage insurance so u pay 150 a month on bike then insurance is 300 a month now u in to it 450 a month
@germanium1872
@germanium1872 5 лет назад
That was a lot of good information.
@Fadecountier
@Fadecountier 4 года назад
This Was Great!
@ytsiege
@ytsiege Месяц назад
Finance Credible Source
@gabmax1013
@gabmax1013 Месяц назад
Is it possible to negotiate the freight or prep fee?
@fullthrottle2stroke
@fullthrottle2stroke 5 лет назад
God bless. Informative knowledge about this topic. -Joshua.
@dznuttzonyachin7499
@dznuttzonyachin7499 3 года назад
When you see paperwork how many different figures do you see ? MSRP ? Final Price? Financed total payment ?
@LobbsTrucking
@LobbsTrucking 2 года назад
One thing I’ve experienced with motrocycle shopping, Harley financial SUCKS!!
@MadStylee619
@MadStylee619 3 года назад
Wow thank you guys
@johnnycashbenham1192
@johnnycashbenham1192 5 лет назад
Or don't worry about it and pay cash
@airenesivad2975
@airenesivad2975 5 лет назад
Good tips same and even much much more for a home loan
@bradgarrett7790
@bradgarrett7790 11 месяцев назад
So I am buying a harley tomorrow. I have a GM Rewards card and it has no interst for 1 yr and I got until august of next year before that goes away.. Should I use it to make a substantial down payment? I am thinking it would bring the monthly payments on the bike down to a comfortable level like $100 less a month to right around $300 a month. 0 down payment I am looking at $400 a month.. I make damn good money but its all commisiion and I dont know when a slow month or two will creep up on me and my paycheck. so i want the lowest payments possiblle.
@HJ-sn5gt
@HJ-sn5gt 2 года назад
Caleb: Slow down! A Credit Union isn’t finance but cross collateralization and company store master, sir. Your Bank sucks; just finance through the dealer if you don’t have cash. As for “back end,” please eat sh*t! If you can can’t afford the motorcycle, you should buy a Service Contract or other Protection Products (Warranties are Free). Nothing is a credit card, unless your a credit criminal.
@otdcrear
@otdcrear 3 года назад
One ? Is the rate the same as your budget??
@jermainejpshepherd2778
@jermainejpshepherd2778 5 лет назад
I'm never gonna finance a bike. The full coverage is murder most times.
@sambeezy007
@sambeezy007 4 года назад
Yeah if you want a 600cc+ bike. -500cc is better
@GMXR7
@GMXR7 Год назад
How long does it take to hear back for approval or denial?
@giom5543
@giom5543 4 года назад
So should we not use the dealers banks?
@baIius
@baIius 5 лет назад
This is what the people want to see
@ttjbiggunner2025
@ttjbiggunner2025 5 лет назад
Glove video please
@iimgbillyrock
@iimgbillyrock 2 года назад
what insurance deductible do most lenders require on a financed bike? I'm assuming 500$
@mikeibarra4304
@mikeibarra4304 2 года назад
How would I know my rate?
@LifeHackVideo
@LifeHackVideo 5 лет назад
Hi friend nice teach 👍 👍 👍 👍 👍 👍
@Brandoon117
@Brandoon117 5 лет назад
Is that a Harley behind you to your leftish and If so what year and model?
@SmooveSinatra
@SmooveSinatra 2 года назад
Are you saying start with a 5000 dollar down payment
@castironporterhouse7169
@castironporterhouse7169 5 лет назад
If you have degenerative arthritis in one hip and back. what would be a good motorcycle to buy just to ride around the city not long haul.
@Ninja_S1000RR-R
@Ninja_S1000RR-R 5 лет назад
Honda NM4
@isaiparedes1172
@isaiparedes1172 3 года назад
Question. So I found a kawasaki z650 for 5,699. If I go into a dealership and offer 5k flat for the bike do you think they would take it?
@b3twiise853
@b3twiise853 2 года назад
No
@thomasrenfrow609
@thomasrenfrow609 5 лет назад
Don't let Sheffield shaft you, lol.
@Ricky-fy1yi
@Ricky-fy1yi 2 года назад
Got 6k thinking of financing my bike which is 12k
@KJcinemas
@KJcinemas 4 года назад
so, im trying to finance a bike around 12.5k . so i may not have the best credit, little on the low side, but if i put about 4-5k down, do you think that would be enough to get me approved? Thank you!
@brayann__
@brayann__ 2 года назад
how’d it go ?
@joem2241
@joem2241 2 года назад
Also curious if you have an update on this?
@KJcinemas
@KJcinemas 2 года назад
I didn't go for it, im just focused on building my credit the best I can
@slickwill2623
@slickwill2623 5 лет назад
Ok... Good video... My question is what if i financed through honda for a new left over inventory an pay it off early? Any drawbacks.. Lol i already have the bike an got it with no money down at 6% interest on i believe it was a 4yr loan
@bonnevillebagger9147
@bonnevillebagger9147 5 лет назад
Slick Will just make sure your extra goes to principal.
@cisco9882
@cisco9882 3 года назад
What credit score was through a credit union?
@bmwrider1931
@bmwrider1931 5 лет назад
How was Sean’s ride? Did he make it?
@Srkcycles
@Srkcycles 5 лет назад
We may never find out
@adrianageraldo7621
@adrianageraldo7621 4 года назад
Like can i get a bike for like 500 dow
@enriquemejia5861
@enriquemejia5861 4 года назад
Yeah if you have badass credit or it's a 5k bike
@aedanhickey5264
@aedanhickey5264 5 лет назад
Is it worth buying a bike that was made from 1980-2000?
@barrybambmessagedeletedbyy7467
If the price is right.
@jeremyfinn586
@jeremyfinn586 5 лет назад
Not as a first bike unless you are a mechanic by trade
@Daddy-Saxon
@Daddy-Saxon 4 года назад
Guys I'm 14, how can I start building my credit?
@travthomas37
@travthomas37 4 года назад
Kràzy Buttèr wait 4 years
@canyoncain
@canyoncain 4 года назад
If your mom or dad has good credit. Ask one of them if they can put you on their card.
@sassed12many
@sassed12many 5 лет назад
Never finance a bike or a car, or furniture or appliances, or anything but a house.
@Srkcycles
@Srkcycles 5 лет назад
The largest study of millionaire shows that most of them do not carry debt Expedia ll year on vehicles
@sassed12many
@sassed12many 5 лет назад
@MegaSkilla Sounds like tax fraud to me. Far as I know, cannot deduct interest of your personal toys as a tax writeoff. And I'm pretty sure most people are not an S or C corp
@bonnevillebagger9147
@bonnevillebagger9147 5 лет назад
That’s the absolute truth. Debt=slavery
@winner1338
@winner1338 Год назад
I rather pay interest to go work and earn money than can't go to work because i don't have a car.
@pasha_houston
@pasha_houston Год назад
On my 7th bike now, all cash bought. Looking at '21 ninja 1000 (sport tour) close to $10k know I can sell my current Tuono for 5 and would have to loan 5, not quite sure if Id be happy making payments. As much as I want my new bike I might wait. Your video helped me with all the info I could ask for. Thanks.
@94SexyStang
@94SexyStang 5 лет назад
IMPORTANT!!!........make sure you have PIP(personal injury protection) on your policy!!!(basically a mini-health insurance policy, which covers Rider and Passenger for $5,000-25,000 in damage)....it covers things like Ambulance, ER, X-Rays, and personal damage, etc.......because your normal insurance policy WILL NOT cover this!! And you're gonna be stuck with the bills....happened to my brother....normal insurance ONLY covers the Person, Property and Vehicle you hit......Not yourself........State Farm didn't even Have PIP for riders....so I dropped them immediately!!
@michaelburns5104
@michaelburns5104 5 лет назад
PIP is limited to the state in which you live. Not all states require it as an option (insurance is regulated by the department of insurance in your state) or even have the option. In other states what you want is Property Damage (covers damage to your bike in the event of an accident regardless of fault} and Comprehensive (covers your bike against acts of nature like falling trees, theft, vandalism and such), usually subject to a deductible. These are optional coverages and will increase your premium. Ditto Medical Payments coverage which, similar to PIP, provides coverage for medical incurred as a result of an accident. These are absolutely vital coverages if you ride. If the car who hits you only carries state minimum coverages, the coverage for your injuries may max at as little as $15,000. When an ambulance ride can cost you $3,000 or more, that's not much coverage. And if the accident is your fault--minimum coverage only provides coverage for the other driver(s). After that's tapped out, the whole thing drops on you in the form of law suits. Progressive has great coverages, allows low deductibles and even builds in Emergency Roadside Service. In a lot of cases, this isn't true--especially of the lowest-cost providers. I understand they even build in Emergency Roadside Service (full disclosure--I'm not insured with Progressive but have ERS with AAA Motorcycle) Nobody advertises the best coverage. They advertise the cheapest option, which is NOT going to cover you or your property. I encourage you to read your policy jacket (not just the declaration page) and know what kind of coverage you want. There is a good chance you'll be paying more than the advertised monthly premium, but you'll ride with peace of mind.
@tygruber4773
@tygruber4773 Год назад
i know this is an old post but i’m looking for a bit of advice-23 years old i have state job (Florida) making roughly 2k-2.2k a month. I want a Honda CB300R and for some reason they’re scarce in the used market and when they are there, it’s within less than a grand of the MSRP of a new 2023 model. I wanted to put down ~2500-3000 and then pay off the rest in about a year or so. i’m paranoid af about financing but i don’t want to have to wait insanely long bc these bikes are hard to find rn
@dwaynewood8156
@dwaynewood8156 10 месяцев назад
if its a open ended loan you can take it for a year or two longer and just make a few extra payments and you wont pay as much interest and you will pay it off sooner
@LiLsIcKViDeOs
@LiLsIcKViDeOs 3 года назад
We need advice from a scammer lol they give out the best advice because they k ow what people like them do. Keep up the honest work
@pureforce56
@pureforce56 5 лет назад
YOUR LOGIC IS SOUND....
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