Some dude on here says he was financing his Cannondale for $89 a month, through Yamaha. If this is true, I might have a chance to get a Cannibal, so does anyone have any info on this? I went to the Yamaha web site and the payments for $8000 borrowed were $125 I think. Does anyone know of a Bank or some sort of loan company that has a web site I could check out that has a payment calculator?

 

http://familyinternet.about.com/libr...oan+calculator

 

Thanks brian, I appreciate it. Do you or anyone know what the average interest rates are right now for someone with good credit?

 

With good credit you are looking at about 14-18% Average credit and it can be an ugly 21% and wil take forever to pay off.

 

I don't have a clue what the rates would currently be to loan on a quad. I know the current interest rates are as low as they have been in several decades so if you were ever going to borrow the money, now would be the best time. Call your bank and ask them or your local quad dealer. If the best you could do would be 14 - 18%, I'd say forget that, that's highway robbery!! Better yet, I'll loan you the money at 12%!!

 

I don't think 14-18% is right with good credit, my mom had chitty credit and her rate was something like 18% through CitiFinancial.

 

I have called my credit cards before, told them i needed 20,000 but don't want to pay the 12,9 they are charging. One set me up with a 36 month at 7.9. Credit cards have other avenues to travel. oNE OF MY ge capatial cards is set-up like this- 0 to 5000, 12.9 , 5000 to 10000 10.9 ,10000 to 15000 8.9% over 15000 7.9. I us my cards instead of the bank if i can get good enough terms. Alot less of a hassle sometimes.

 

Buy the quad on the Yamaha card so you can get low payments and interest for 6 months. Then when the end of 6 months is nearing use your good credit to get a new credit card with an apr of 9.9$ or lower, also look for the no intereset on balance transfers offer. Then you transfer your remaining balance over to your new card and your not paying interest and you have decent payments.

Did that make sense?

 

My problem is I need to find someone with a low enough rate that we would only have to pay $150-$200 a month on it until I get a job, then I can take over payments on it myself. The only thing that sucks is my mom won't do it until I get a job, and there aren't any out there right now. Oregon has the highest umemployment rate in the country right now, so if a qualified person can't get a job, how is some 15-16 year old kid going to get a job, not even McDonalds or BK are hiring.

 

Juiice, it made sense I think. I forgot to mention, I need a loan that is for more than the quad, I would need one to pay off one of my moms other loans and to get the Cannibal. I found a couple calculators on the web and for an $11000 loan, it would be about $50 more than what shes paying now, but my mom still won't do it because if she missed a payment for some reason, it would screw up her credit and my uncles because he has to cosign. I'm basically screwed no matter what [img]i/expressions/face-icon-small-sad.gif[/img]