Financing question(s) - Kawasaki KLR 650 Forum
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post #1 of 13 Old 03-01-2009, 06:33 PM Thread Starter
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Financing question(s)

Does anyone know about how financing works in Canada? I will have $1500 or so to make a downpayment,the bike I'm thinking(worst case scenario)would cost around $6600CDN , but do they offer 36 or 48 months financing? What are the monthly payments like? I e-mailed a local dealership with these questions and they want me to come down and talk to their"in-house" financing specialist, but the guy seemed so 70's used car salesmanish in his aggressive manner that it turned me off of going through the process with that particular dealer anyway. I have no experience in buying a bike. I will be a FIRST-TIME buyer and would appreciate some advice from somebody who has gone through this process. Oh yeah, it'll be a NEW 08 or 09 and my credit record is good. Not great, but good.
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post #2 of 13 Old 03-01-2009, 06:45 PM
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I don't know anything about financing because I never do it. I've bought a car, my 08 KLR, a scooter (new) and I paid cash (or used a credit card and paid it off quick) every time.

Have you looked into used bikes? I'm not trying to tell you what to do, but if it were me, I would find a good used bike. Dealer financing...never done it, but never heard a good story about it either.

Do you know how to ride a bike? If not, I would definitely get a used one. I've had friends total vehicles that weren't paid off. Bad scene.

So, I guess my roundabout way of NOT answering your Q leads me to this: why new?




"In a car you're always in a compartment, and because you're used to it you don't realize that through that car window everything you see is just more TV." R. Pirsig

PPMC #1.
Soon, we ride.

AKA JD Mader or you can call me "Dan" just not early for dinner.

Click my handle for a link to my homepage/blog...which has nothing to do with MCs. Free literature and music! Viva La Revolucion!
-------------------
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RIP DM - Soon, we ride.
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post #3 of 13 Old 03-01-2009, 07:44 PM
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So, I guess my roundabout way of NOT answering your Q leads me to this: why new?
Agreed..
I've bought new and used bikes over the years and if you want a great deal, buy something slightly used.. I bought my 02' in 04', with 1600 miles on it for $2000 less than new.. That's a lot of farkle money!!

I did buy my Goldwing last year as a new bike, but they gave me $2000 more for my trade-in than I paid for it, knocked the price down $2000 off of list, and 3.9% financing on top of that!! I couldn't pass on it, and I love the bike..

If I wouldn't have gotten the screaming deal on the new Wing, I'd have either kept my old 1500 Wing, or bought a used 1800 Wing.. As it was, I got a new 1800 for just a touch more than the 2 year old, 25,000 mile bike I test rode to begin with.

Don't rule out used bikes..
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post #4 of 13 Old 03-02-2009, 06:48 AM Thread Starter
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I have looked into used bikes, I'm by no means a bike expert as far as the technological aspect goes, so I don't want to get ripped off and inherit a bike with problems that I can't see. I do know how to ride a bike, but I dont have a whole lot of experience, although I grew up on dirt bikes(mid 70's Kawasaki 90--late 70's Honda 50) ha! I guess it would be silly to not consider buying used, Oh well, I've got some months to think about it. Thanks for input
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post #5 of 13 Old 03-02-2009, 11:05 AM
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Since we didn't answer your question anyway, here is some more unsolicited advice. Find someone who knows bikes...a friend would be best, but I'm sure you can throw a little money at a mechanic to check it out. Get a used bike that has gotten the stamp of approval. Take a refresher course and PRACTICE. When you start feeling comfortable, that is when you should start to worry.

Make sure you factor good quality armored gear and a full face helmet into the equation. Trust me. It is expensive, but so is reconstructive surgery.

Man, I sound old. Just had a kid. Changes things a bit. Do what feels right, but be careful, and have fun, huh?

Remember, the bikes you have ridden are in a whole nother league. Starting out small (like a 250 rebel or ninja) is a good idea and you can get a used one cheap and sell it for about what you paid.




"In a car you're always in a compartment, and because you're used to it you don't realize that through that car window everything you see is just more TV." R. Pirsig

PPMC #1.
Soon, we ride.

AKA JD Mader or you can call me "Dan" just not early for dinner.

Click my handle for a link to my homepage/blog...which has nothing to do with MCs. Free literature and music! Viva La Revolucion!
-------------------
2008 KLR 650
RIP DM - Soon, we ride.
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post #6 of 13 Old 03-02-2009, 07:20 PM Thread Starter
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Good advice! I hadn't considered paying a mechanic to check it out. I'm no cowboy, I will definitely be investing in some good safety gear, but my first bike will definitely be a KLR, I wont even consider another bike.I had a buddy let me take his for a spin, and I've had KLR fever since.My in-laws are building a cottage near Parry Sound ON (God's country) and there are so many abandoned railway lines and snowmobile trails that its ridiculous. Gotta hit them on a KLR. Thanks for getting back to me.I Appreciate it
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post #7 of 13 Old 03-02-2009, 07:35 PM
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No worries. Just remember...don't push it too fast or too far.

And thank your buddy...very few people get to ride my bikes.

And give some serious thought to taking a basic rider course. Had to say it.




"In a car you're always in a compartment, and because you're used to it you don't realize that through that car window everything you see is just more TV." R. Pirsig

PPMC #1.
Soon, we ride.

AKA JD Mader or you can call me "Dan" just not early for dinner.

Click my handle for a link to my homepage/blog...which has nothing to do with MCs. Free literature and music! Viva La Revolucion!
-------------------
2008 KLR 650
RIP DM - Soon, we ride.
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post #8 of 13 Old 03-02-2009, 07:41 PM Thread Starter
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For me, a basic riding course is a given,I'll go even further. I need to for my wife's peace of mind as well as for insurace purposes. Safety First.
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post #9 of 13 Old 03-02-2009, 08:19 PM
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Originally Posted by vader0325 View Post
My in-laws are building a cottage near Parry Sound ON (God's country) and there are so many abandoned railway lines and snowmobile trails that its ridiculous. Gotta hit them on a KLR. Thanks for getting back to me.I Appreciate it
Got that right!! Thinking about wandering the area for a 4 day weekend, myself!! I've been through the area by Tobermory/South Baymouth and would like to visit the area that's missed by taking the ferry.. That area's on my list!!
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post #10 of 13 Old 03-03-2009, 08:29 AM Thread Starter
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You won't regret visiting that neck of the woods, that's for sure. That part of the world is part of my inspiration for aquiring the a KLR.
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