hey im thinkin about getting a DB from yamaha of course a ttr-125 4 stroke and they got this deal like i said above

can someone explain to this 14 year kid what this means ?
the dealer said he would explain to my parents

 

For the first 2 years your payment will be $39.00 After two years it will jump up to $100.00 or more or a little less . It depends on how much you spend. If you choose to pay more monthly within the first two years more money will go to the principle of the loan and you'll pay it off faster. It would be wise to pay more than the 39 for the first two years because you will save a lot in the long run. Hope this helps.

 

The interest also can go pretty high on those Yamaha cards also. I think it defaults to 17.9% after the "deal" wears off. If you can pay a larger amount, look into your local banks. You can get a much better rate. As a young man, one of the best lessons you can learn is that keeping your credit in good shape and watching the fine print is critical to quality of life. Be careful of deals that lure you in with amazing payments and rates only to change later and hammer you with high payments and interest. Someone else is getting lots of your money[img]i/expressions/face-icon-small-wink.gif[/img]

 

Do a standard 48 month financing on it. You will save money in the long run. When the interest kicks in on the $39 payment after two years you will crap yourself.

My YFZ is @ 6.9% through Yamaha for 48 months. The amount of money I saved vs the initial lower payment was quite a bit.

Buck

 

As anyone ever heard of a 14yr old getting financed? I haven't. I would have to think that would be partly responsible to signing a contract and them not being a legal adult.

Yes your parents could get put on the $39 a month deal like others have stated your interest rate after 2 years is going to go thru the roof. Unless you intend to pay if off prior to the end of the 2 years in which case the 0% interest of the plan would be an excellent option over standard financing thru a bank.

 

dont miss a payment!!!!!!!!!![img]i/expressions/face-icon-small-mad.gif[/img]

 

can i sell it if it gets out of control???

 

Best not to get caught up in this 0-down, 0-interest world with payments at the end that only benefit the seller, It's easy to get reeled in by these deals, it seems good at first but will bite you in the long run.

Work some odd jobs here and there, save your money, and pay cash for a good used bike.

It will ride much better knowing it's paid for, and then put your money in mods now and then.

 

yah ive been working realy freaken hard and got 1400dollars now i thought that would hold me off for awhile

 

I'd suggest buy used.


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