ONLY $2400!!!! That is A LOT of money to me. Two years in the bank with interest will be over $5000 and that will buy one heck of an ATV. Qfter only two years.





Yes- if you want to wait 2 years.. How do you know what you will have 2 years from now? If you start paying now you will be done in 2 years and have 2 years of memories on your new quad.



If you know that you can make the payments go for it. If you are not so sure... do it anyway you can
always sell it!!


This comment was purely sarcasim!

 

Cash or cash? How about cash?

 

"ONLY $2400!!!! That is A LOT of money to me. Two years in the bank with interest will be over $5000 and that will buy one heck of an ATV. Qfter only two years. "


What??? I want to know what bank I can put 200 dollars a month and have 5000 dollars at the end of two years! I figured it out with a interest calculator and you would need to find a 61% interest rate to be over 5000$ in two years (and yes that is with compounding interest)

I was always taught that it is best to pay cash for as much as you can. But for most people to save up 6000 dollars cash for an atv is unreasonable. Finance if you need too just make sure you get a "daily interest rate" and throw as much at your loan every month as you can.

just mho...

 

I would love to see your calculator that gave you an interest rate of 61%. $200 a month for 2 years is $4800. Your calculator told you 61% to compound another $200 in interest over 2 years?

Time for a new calculator my friend. [img]i/expressions/face-icon-small-wink.gif[/img]

 

Dude, your calculator is broke. Even with the crappy interest rates, you will have over $5000 including your principle. I never said the Interest alone would be over $5000, notice I said $200 a month, not an inital investment of $200.

 

I can tell you to STAY away from the polaris deals around here. They advertise $99 Canadian a month for your new sportsman 500 and so on. If you are not careful it is a easy way to get into trouble. What they do not tell you is that after two years the interest rate jumps to 19 %. And with this rate and a minimum payment of $99 Canadian a month you will be paying for a long time. The total amount you spend will be much much more then you would have paid using a bank or other Normal financing method. Polaris is not the only company to use this type of tactic..but they do seem to be the worst around here. So if you cant pay it of in two years do not fall prey to the manufactures financing game unless it is a good fixed rate for the term of the loan. In short be sure to read any financial agreement over carefully and make sure you understand it completely. Take your time and do not rush into anything. The lure of a nice new wheeler can be a powerful thing.

PINKMOON