Honda Motorcycles Honda Powersports: riding, maintenance, gear, and safety.

Purchasing a private owned motorcycle?

Thread Tools
 
Search this Thread
 
Old Jul 4, 2011 | 07:58 AM
  #1  
VTECth1s's Avatar
Thread Starter
Honda-Tech Member
 
Joined: Sep 2005
Posts: 2,426
Likes: 0
From: 310/323 California
Default Purchasing a private owned motorcycle?

I have two options either to buy straight from a dealer. Which I have found a few good places. Or purchase from a private owner. The funds to buy it is all in my credit card, so no issue there with buying from a dealer. Now IF I want to buy from a private owner but the motorcycle's title/ownership is still under their bank. Could I buy the bike directly from the person's bank with my credit card. And of course their is sufficient funds in it. Thanks! I appreciate anyones opinions!
Reply
Old Jul 4, 2011 | 11:24 AM
  #2  
"A"'s Avatar
"A"
Honda-Tech Member
 
Joined: Nov 2010
Posts: 117
Likes: 0
From: Phila. PA
Default Re: Purchasing a private owned motorcycle?

Personally, I've always purchased motorcycles with cash from private sellers.

More leverage to negotiate on price when you have cash.

I'd avoid any 'cash-advance' purchases with credit cards.. not worth the percentage of interest & fees they charge.
Reply
Old Jul 4, 2011 | 11:43 AM
  #3  
theedeadmau5's Avatar
Honda-Tech Member
 
Joined: May 2010
Posts: 309
Likes: 0
Default Re: Purchasing a private owned motorcycle?

Originally Posted by "A"

I'd avoid any 'cash-advance' purchases with credit cards.. not worth the percentage of interest & fees they charge.
never a good idea, but this is the only way to buy the used bike using your credit card.

ur better off going to the dealer because the apr on the cash advance is probably much higher than the apr on the card itself
Reply
Old Jul 5, 2011 | 10:56 AM
  #4  
Blahblah718293's Avatar
Honda-Tech Member
 
Joined: Feb 2007
Posts: 1,494
Likes: 0
From: New Milford, Ct, usa
Default Re: Purchasing a private owned motorcycle?

ive always paid cash too, but my bikes have cost, in order 1000$, 700$, 450$, and 350$

even if they let you buy it from the bank on a credit card, thats a bad idea. youd be better off trying to get a personal loan, the rate should be lower.

as far as if the bank would get you do that? that i just dont know.
Reply
Old Aug 17, 2011 | 10:17 AM
  #5  
TheTurbinator's Avatar
Honda-Tech Member
 
Joined: Jul 2011
Posts: 37
Likes: 0
From: Palm Springs, Ca.
Default Re: Purchasing a private owned motorcycle?

I buy from private parties just because I hate dealing with dealerships. They're always full of crap
Reply
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
jdmdikk
Honda Motorcycles
15
Nov 13, 2008 05:41 AM
Lan
Honda Motorcycles
22
Mar 13, 2008 03:02 PM
importnoodles
Honda Motorcycles
16
Jan 24, 2008 08:35 AM
im_the_teacher
Honda Motorcycles
31
Jul 9, 2003 08:53 PM
Halo
Honda Motorcycles
11
Jun 29, 2002 02:22 PM




All times are GMT -8. The time now is 09:16 PM.