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Banshee or Raptor for MX?

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Old Mar 13, 2002 | 09:34 PM
  #11  
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You can get a loan any time between now and jan 2003. So 49.00 bucks a month aint bad till then. But, if you're going to race wouldn't a Cannondale be better? I mean its already pretty much set up to race. Of course they may not have the deal that Yamaha has right now.
 
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Old Mar 13, 2002 | 10:14 PM
  #12  
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I would rather have a Cannondale over the other 2 because of where I ride, but I have been trying for about 2 years to get a quad, and still no luck, and this is probably the only chance(Yamaha card). You know, I really hate being young sometimes, you always have to rely on other people when you want something, even if your working for it. I know many people have gone over this with me but, what are some names of national banks that they used for an ATV loan and what kind of rates did you get?
 
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Old Mar 13, 2002 | 10:40 PM
  #13  
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If you're young, living at home or even not. Getting a loan can be a pain. If you have no previous credit getting a loan will be even harder, even getting a Yamaha card may not be an option without a cosigner. Any bank is better than the 17% yamaha card but with little or no previous credit history it may not be much better. You can go here scroll down the page to where it says resources and under that choose calculators. Then click on how much will your payments be. Use that to calculate your loan payment. You can enter any percentage rate and term limit and get a monthly payment amount to give you an idea of what you might pay for a new quad.
 
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Old Mar 13, 2002 | 10:47 PM
  #14  
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Yes, I know it is a pain when your young, which is why my uncle will be doing it, hopefully. He should have decent credit now, but he did file bankruptcy awhile back, so his rate is going to be high no matter what, probably. Again thanks everyone!
 
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Old Mar 14, 2002 | 01:38 AM
  #15  
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Hi guys

just my 2c worth , thunderpower , I think you're either very confused or your maths stinks...

If you buy for $7500 at 10% interest PER ANNUM

a) over 12 months repayment is $659
b) over 18 months repayment is $450
c) over 24 months repayment is $346
d) over 36 months repayment is $242

Interest is usually compounded monthly ( I'm not from the States), therefor you cannot just take 10% of $7500 . Anyway , hope my spelling is Ok otherwise I'll get some stick from thunderpower ...LOL

 
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