6.9 APR, no down, no payment for 3 months - Honda Motorcycles - FireBlades.org
Honda FireBlade Discussion of the Honda CBR 900RR, Honda CBR 929RR, Honda CBR 954RR, and Honda CBR 1000RR Motorcycles.

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post #1 of 14 Old 06-05-2003, 10:38 PM Thread Starter
 
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Re: 6.9 APR, no down, no payment for 3 months

Is Honda hurting to sell bikes right now? While watching the TT, I saw an ad for the above. 6.9%, no down, no payment for the 3 months, damn! I don't have a bike payment right now, damn commercials!
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post #2 of 14 Old 06-05-2003, 10:46 PM
 
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Re: 6.9 APR, no down, no payment for 3 months

Whatsamatta? Temptation causing some discomfort?

I hear ya...
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post #3 of 14 Old 06-05-2003, 10:52 PM
 
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Re: 6.9 APR, no down, no payment for 3 months

Booth, in the last two months of last year they did even better than that. I landed a nothing down, no payment for 90 days, 4.9% APR loan from AHFC when I bought my bike in late December. Unreal, huh?

As for Honda being in bad shape or wanting to move bikes, I think it's simply a sign of the times. There are great loan rates and deals to be had all over the country and on all manner of consumer products, not just motorcycles. General Motors is still running free money for new car and truck loans... ZERO interest.

It's a good time to be a buyer of anything right now.
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post #4 of 14 Old 06-05-2003, 11:00 PM
 
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Re: 6.9 APR, no down, no payment for 3 months

Cheap money has a whole lot to do with why there's an '03 Fireblade in my garage right now. Thanks, Honda!
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post #5 of 14 Old 06-05-2003, 11:02 PM Thread Starter
 
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Re: 6.9 APR, no down, no payment for 3 months

Chain thanks for conveying that info, I never pay attention. From your comments, sounds like the end of the year will be the time to hit the deals up for another bike. I always buy a bike at the end of the year to get an excellent price on the bike but didn't finance the last one I bought. 4.9% is nothing, and worth waiting for if they do it again.
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post #6 of 14 Old 06-05-2003, 11:12 PM
 
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Re: 6.9 APR, no down, no payment for 3 months

Hmm, 600RR for ccwilli3?? *I just can't deal with the idea of a bike payment... *That kinda freaks me out. *
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post #7 of 14 Old 06-06-2003, 7:17 AM
 
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Re: 6.9 APR, no down, no payment for 3 months

Don't forget that they want theie dealers to blow those bikes out and get ready for the new models coming in. I know if you start looking around October you could find a great deal by the end of the year.
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post #8 of 14 Old 06-06-2003, 8:26 AM
 
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Re: 6.9 APR, no down, no payment for 3 months

The thing about loans from Honda is that they typically are not simple interest loans. Meaning that even if you pay it off early, you still owe them the interest as if you had not. So you don't really come out ahead. 4.9 is low though, so if you plan on carrying the loan out for the full term, it is a fine deal.

My .02

HD
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post #9 of 14 Old 06-06-2003, 10:09 AM
 
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Re: 6.9 APR, no down, no payment for 3 months

The deal at the end of last year was a straight 4.9% interest. I have been sending about $1K per month and my payment goes down each statement, My next payment due date is moved up 8 months and there is the estimated payoff on each statement as well. If all goes well, I'll have the 954 paid off by July and if they make a Silver/Black 600RR I'll get one. (the color needs to stay the same so the wife won't know&#33
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post #10 of 14 Old 06-06-2003, 10:37 AM
 
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Re: 6.9 APR, no down, no payment for 3 months

That's why there a 954 in my garage.
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post #11 of 14 Old 06-06-2003, 10:58 AM
 
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Re: 6.9 APR, no down, no payment for 3 months

Quote:
BillAce : *(the color needs to stay the same so the wife won't know&#33
In college, when I was living with my mom, I went from a white/red/black F2 to a white/red/black F3, and sold the F2 to a friend. She didn't realize I got a new bike until a few months later when my I stored my friends bike in the garage while he was on vacation.
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post #12 of 14 Old 06-06-2003, 3:01 PM
 
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Re: 6.9 APR, no down, no payment for 3 months

yea, my honda loan right now for my 54 is a 5 year loan for 6.9% for the length of the loan and i didnt put any money down!!! and i paid for my 02 954 for $7980 plus tax!!!
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post #13 of 14 Old 06-06-2003, 3:03 PM Thread Starter
 
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Re: 6.9 APR, no down, no payment for 3 months

Damn good deal you got.
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post #14 of 14 Old 06-06-2003, 3:13 PM
 
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Re: 6.9 APR, no down, no payment for 3 months

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Heavy-Dee : The thing about loans from Honda is that they typically are not simple interest loans. *Meaning that even if you pay it off early, you still owe them the interest as if you had not. *So you don't really come out ahead. *4.9 is low though, so if you plan on carrying the loan out for the full term, it is a fine deal. *

My .02

HD
My understanding is that they can't do that anymore. I believe it is illegal in the US.
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