wisconsinkris
New member
has any one ever used the 3asy Financing from BMW
anything good or bad to say?
anything good or bad to say?
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If you look at in the sense that it may allow you to have something you could otherwise not afford....
Defaulting on a motorcycle won't render anyone homeless. It generally doesn't lower the value of other motorcycles. Repossessed motorcycles are taken away, they do not sit on their lots in a state of disrepair while the grass grows 4 feet high around them. I doubt these are compaines with billions of dolllars at stake on sub prime motorcycle loans. I don't know anyone who owes 3 times the current retail value of their motorcycle. And we are talking about a $15.000 to $25.000 motorcycle not a half million dolllar house. I see this kind of spending as a lot less dangerous than buying a house you have no shot of being able to pay for. From a purely economic standpoint, the purchase of my truck was not the most financially sound move I have ever made. I financed for 72 months to keep the payment down ( I had just bought a house and the mortgage needed to paid, there wasn't a huge pile of money left over.) I had tuned the race car down so it didn't brake parts (or go fast anymore) but being a bracket car, I could still race and win from time to time. The long term on the truck loan meant I had enough the keep racing on a limited schedule. The long term meant a higher interes rate so the ''cost of financing" was much higher.
Oh, and on the real estate crisis. Loan officers were taking people who weren't sure they could buy a home and putting them in bigger homes/loans they even wanted and telling them that everything is going to be fine. Then credit card companies raised the minum monthly parmens and the house of cards started to fall. (there's way more to it but this is a motorcycle forum )
Maybe it's just when you get older, but I can't see buying anything you can't buy with cash. I'm 62.
Maybe it's just when you get older, but I can't see buying anything you can't buy with cash. I'm 62.
with interest rates as low as they are on a new R1200R and the amazing resale, thus the great financing terms it's borederline stupid to pay cash for one when you can take that $20K and put it into the market and earn double the cost of financing the bike... Just my .02$ ... I paid 50% down and 3Easy at $65/mo which is about what I spend on my Starbucks budget per month!
Stupid to not borrow money???? An odd point of view.
I don't care about interest rates and all that bullhooey, all I care about is not having payments. If I can't pay cash for it, I don't need it.
And no, Warren, I had to take all the antennas down a couple of years ago when I had some work done on the house. They remain down. The only radio I'm doing regularly is APRS.
Stupid to not borrow money???? An odd point of view.
Not at all! Ever hear of a mortgage? Makes almost no sense for 95% of home buyers to pay cash for a home. Especially now!
Also ever hear of opportunity cost?? My retirement fund has made me a net 9% annual return at the same period my $9000 was borrowed at 2.9% from BMWNA. So if I were really smart and had the benefit of hindsight, I would have put 0 down and not $9k then deposited the entire 18k into my retirement fund.
has any one ever used the 3asy Financing from BMW
anything good or bad to say?
I don't care about interest rates and all that bullhooey, all I care about is not having payments. If I can't pay cash for it, I don't need it.
And no, Warren, I had to take all the antennas down a couple of years ago when I had some work done on the house. They remain down. The only radio I'm doing regularly is APRS.