i am currently 16 and going to buy my first atv. I want a polaris sportsman 550 xp. my dad says that i can do a monthly payment but he doesent explain it well. if someone could explain it better they would be doing me a huge favor.

 

Quad costs X amount of dollars. If your dad is paying for the quad and you're repaying him he is going to say, "I want this many dollars per month, or it becomes MY quad." If you do financing through the dealership you will probably have to put some money down and you will be paying a bank on a loan. The bank will charge you so much interest on the loan so you will be paying a certain amount per month plus some interest. It's a good way to establish a good credit report which is needed later in life for home loans and car loans. If you go the dealer financing route you can always pay it off early if you have the money to save on interest charges.

 

wow, wished i could afforded a 550xp when i was 16 lol. good luck on your bike and ride safe.

 

Wow!

 

thanx moose heden that helps alot.

and i am currently working concrete w/my dad to save money.

and i always were a helmet.

 

That's good to hear that you wear a helmet. Good practice. Brains aren't easily replaced.

 

thats right. my friend almost killed himself not wearing a helmet. now he has mental issues. so i always practice safe riding and it sets the example for younger people