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| *Vultures Knob>>>Dirt Bike |
I'm 15, and I'm wondering how much the down payment would be on a '07 Honda CR125 dirt bike.? |
I called the motorcycle dealership and nobody believed me that I had the money and I just want to know how much the down payment would be. Any help would be greatly appreciated. Yep, you have to be 18 to get a loan unfortunately so you'll have to depend on the parents to do the financing. Here is the deal Honda is offering if you use their credit card. $0 down, $0 payment, 0% interest for 3 months. After 3 months, minimum fixed monthly payments of 2.5% of the original high balance at Fixed ANNUAL PERCENTAGE RATE from 8.9%-15.9% (as of 1/07) for the life of the transaction depending on lender-determined creditworthiness. Offer valid 1/6/07 through 3/31/07 on all new and unregistered 2007 and prior model year Off-Road Motorcycles, Sport ATVs and TRX90 models through GE Money Bank on the Honda Card upon approved credit. Check with participating dealers for details. Hmmmm.... You're fifteen... let's see 15 X .0876% over 365 minus 187.5 then square that by 52... at 15 years of age ...your down payment for a '07 Honda CR125 is most assuredly.... a broken arm. At 15 you can not make a down payment. You can buy it (depending on your state) for 100% of the cost. But a down payment applies to a loan which you can't have until you're 18 as you can't enter into a binding contract. You are probably too young to finance it. You will need a parent or guardian to finance the loan. you are probably to young to get financing, so you will need to pay cash. A dirtbike shouldn't be bought on credit antways. The bike will be broken before it is payed for. |
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