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View Full Version : Financing VS a loan



Shift_450R
05-10-2007, 12:44 PM
I will being buying a used 125 bike within the next month, and I will have a job and will be paying for it myself. I just dont have the money upfront right now, and I just cant wait untill the end of summer then buy a bike because the season is done. Plus i have a snowmobile that im gonna sell in the in the winter which will equal close to the same price as the bike so ill be getting my money back. I just dont know wether or not i should take a loan out and buy the bike straight up or finance it. What are the ups and downs? Im 16 (turning 17 in june) and my parents have perfect credit and would co-sign for me. Im just wondering whats the best route for this. Thanks

DF400ex
05-10-2007, 12:54 PM
It all depends on the interest rate that you can get from either one. If you finance through a dealer you can usually get a slightly better rate.