Any ideas what is the CHEAPEST way to get my new quad. I was thinking of going through my credit union but the rate is something like 14%. What around dealer rates (I have perfect credit) what type of rate should I settle for? Thanks! Also has anyone tried the Honda or Yamaha cards (Low rates for two years), can you pay them off early? Also what about getting that and if it is not paid off in the 2 years get a personnal loan? What do you think?

 

Yamaha's deal on the card is a reduced rate for 2 years, then a higher rate for the following. I was informed there was no problem/penalty for paying it off early. My credit isn't the greatest, nor the worst, but I was approved through yamaha for a 6k limit.

 

Pardon an addendum to my previous post...

from what I've been able to determine, loan rates for ATV's run from 12% to 17.9%

 

That would be about normal for an ATV loans. Lending institutions look at it as a toy purchase so you will never be able to touch car interest rates. Sounds like your credit union would be a good place to start.

 

I got a personal loan for my quad and Im not too far behind a car interest. Mine is like at 11%. Im only 16 as wel.
So it can be done.
thanks
mpm

00'300ex
85'110atc
85'lt250r (possibly)

 

MPM, where did you go for it?

 

I just went to my bank and they helped me out. I got what they call balloon payments I think. I go to school so cant work that much at that time so I got my payments as cheap as possible for 2 years. Then once 2 years is up I can pay whats left or I can start another 2 years of payments.
Hope you can get it.
thanks
mpm

00'300ex
85'110atc

 

I have a 3 year loan for my quads. 10.25% fixed for the full term. I just went to my local bank. I argued on the interest & got him to drop it 3/4 of %

 

Yamaha (they give you an actual credit CARD) at 6.9% for 2 years, then 18% ... Works just like any credit card... pay as much as you like as long as it meets the minimum payment. Pay it off in 2 years for the best savings. I bought 2 Yamaha quads this way.