Just saw a Honda commercial for there "goldwing" bikes, I believe. It was one of their cruisers, not sport bikes. They were advertising an apr of 6.9%!! Why so high when cars are being advertised for 0% financing? I know not everyone qualifies for the 0%, but I'm assuming the 6.9% is the best they can do too.

 

lol doesnt matter unless your 65 and have never been late on any payment you will never get it................

just my opinion

steve

 

isnt 6.9% cheap?

 

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by lMlElNaCe-GsR &raquo;</TD></TR><TR><TD CLASS="quote">isnt 6.9% cheap?</TD></TR></TABLE>

Is it when it comes to motorcycles? I'm comparing these rates to cars, so I don't know how or why it differs. Like I said, most cars can be financed from 0-5%, so why is a bike so high at 6.9%? Don't those things cost as much as a cheap car?

 

A bike is considered a luxury item, whereas a car is more a a necessity in todays world, so that is why the rates are a little bit higher. More people are likely to default on a bike loan before they default on car or automobile. Higher risk = higher rates.

FYI I'm 29 and qualified for the 6.9% rate. Honda Finance is great to deal with!

 

That makes perfect sense. Thanks.

 

im 19, got 6.6% through my bank...good deal i thought

 

if you dont mind me asking on your cbr....what did it cost you, whats your monthly payment and how much is your insurance