Well, I'm going to try to save up about a grand and go through my bank. I had to file chapter 7 back in 05. So my credit is shot. (you know the old story, I was 18, got a credit card, should have listened to my dad about it, within a few years I had 20 cards and was 30k under and still working for min wage)
I'm hoping my bank will finance me. I filed on them, but continued to pay off the remainder of a loan I had with them. The way my bank talks if I put a good amount down on the bike they might give me the loan. Basicly, if I can pay close to the deprisiation of the bike in 5 years they might give it to me. That way, if I default, they won't be out anything. Thats the rought I'm wanting to go.
The other place is a backup in case this don't work out. I've read the fine print on those places. You pay like $76 a month for the first year or 2. I like that Idea because my car will be paid off next year. So I can pay on the bike that extra money and kick out the loan before its term is up and save on the intrest.
Where those places get you. You take the loan out for 5 years, at $76 a month for 24 months. at an ARP of 7%. After the first 24 months you pay the min payment, which is gonna be pretty damned high sence you've only been paying on the intrest and not on the principal. Its still not that bad of a deal because the ARP stays the same. The problem comes in when you miss a payment. All it takes is one late or missed payment. They then cancel the promotion and jack your ARP to 21%. Thats pretty much how they analy rape you.
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