I would be interested if they are still doing this for motorcycles. I bought a new truck several months ago, and I usually do the loan thing for the price reduction, pay it off several months later, not costing me anything different than paying cash, except the couple of thousand off the deal. This time, the dealer said that the banks are not doing that anymore, and there is no discount for getting a loan.
You're selling your bike, you're moving on, what NEXT ?
- Thread starter ~TABASCO~
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lund
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That is 100% up to the individual dealer.
The sales department doesn't go around telling people if you get a loan you get a better deal, in fact you as a customer are not suppose to know that.
Otherwise everyone would be trying to squeeze every dollar from the dealers pocket.
The bank/finance companies are selling a product, in turn the dealer gets paid (kickback) to promote and sell the banks product to you the individual.
The bank/finance company counts on the fact that the customer will go the full term and makes a good return. The majority do while only a few will pay back early.
Some may not qualify for plan "A" but may for plan "B", the bank/finance company has final say who they will sell their product to.
Once the deal goes through the dealer gets pay 'ed a percentage for selling their product.
If a dealer says they no longer do that, he not disclaiming the truth. The only exception to this may be manufacture finance such as Ford credit and other's.
In power sports the vast majority of finance is done through private banking provided by the dealer. If you choose to use your own bank you may not get the same good deal. No kickback to the dealer then, this is when a good sells person can figure out your game, its his job to do that for the dealership while trying to sell you the product. A good sales person will ask all the right question to figure that out.
The sales department doesn't go around telling people if you get a loan you get a better deal, in fact you as a customer are not suppose to know that.
Otherwise everyone would be trying to squeeze every dollar from the dealers pocket.
The bank/finance companies are selling a product, in turn the dealer gets paid (kickback) to promote and sell the banks product to you the individual.
The bank/finance company counts on the fact that the customer will go the full term and makes a good return. The majority do while only a few will pay back early.
Some may not qualify for plan "A" but may for plan "B", the bank/finance company has final say who they will sell their product to.
Once the deal goes through the dealer gets pay 'ed a percentage for selling their product.
If a dealer says they no longer do that, he not disclaiming the truth. The only exception to this may be manufacture finance such as Ford credit and other's.
In power sports the vast majority of finance is done through private banking provided by the dealer. If you choose to use your own bank you may not get the same good deal. No kickback to the dealer then, this is when a good sells person can figure out your game, its his job to do that for the dealership while trying to sell you the product. A good sales person will ask all the right question to figure that out.
I've never seen the discount for taking out the loan around here. As a matter of fact, our commercials used to show cash back or low interest, but not both; either or.
lund
Well-Known Member
The other thing to think about is timing.
The last week of the month is always the best time to buy, dealers have to carry insurance on every individual stock #.
The end of the month is when they need to register the inventory to insurance and pay the bill. So moving that product before hand is good for them otherwise they may not be in a hurry to move it once they have paid insurance for the month, they may hold to find a better potential buyer for them.
My sells department every month has meetings on what they will push/highlight that month.
The last week of the month is always the best time to buy, dealers have to carry insurance on every individual stock #.
The end of the month is when they need to register the inventory to insurance and pay the bill. So moving that product before hand is good for them otherwise they may not be in a hurry to move it once they have paid insurance for the month, they may hold to find a better potential buyer for them.
My sells department every month has meetings on what they will push/highlight that month.
Same thing I was talking about. The "cash back" is, or can be, the discount because you financed through them. One of those enticements in advertising, read the fine print, and it can say cash back when you finance through them. If you get a loan with no penalties, in order to get the cheaper price, you do that, pay off in a month, and you do not incur any finance charge. Or do the lower rate loan, and take what the price is, without any money back. I was able to get some "cash back", which was from Chevy.
@lund wrote the actual nuts and bolts of it. The place I bought my truck (1 ton trucks are still low inventory/high demand), which was the lowest price for what it was within 1,000 miles, may have just not wanted to do the loan discount thing. Credit wise, I am at the top of the excellent, so not an issue.
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Yeah, that's how we got the 0.9% for three years on her new Miata. Only $400 to use their money.
Dirt_Dad
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Just going through the sales paperwork on my wife's now departed BMW, and remembered I took out a loan for that bike to get a $1000 discount. I was going to pay cash, but they said I could get the discount if I took out the loan. Discount received, loan paid off immediately. Worked for me.
thughes317
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Regarding us traitors, I've been thinking about this a lot recently. I loved my S10, as I'm sure the rest of us did, and I DO miss it.....I think it's just the fact that our beloved Teneres are starting to fall into the same category that the KLR, DR, TW, and other bikes have: A perfect platform at one time, still mostly relevant, but time and technology have just passed them by. (A point Tabasco has so eloquently voiced more than a few times in this thread.)
It just pisses me off that Yamaha continues to rest on their laurels with this wondeful machine and not make any effort to at least try to keep the competition in sight, from a technology perspective. Many of us have been waiting in vain for an MT-based Tenere with a triple and upgraded electronics, something that can keep up with the Jonses. (I said many of us, I don't even pretend to speak for all.) Watching all of the S10's peers coming out with cool new stuff while we receive yet another year of BNG has finally pushed some to say "screw it" and grab the shiny new thing.
The fact that even though some have jumped ship but we're still hanging out here on the greatest ADV forum on the planet is a testament to this forum and it's members. Sure, we may piss some members off that we're no longer on a Tenere, and we like to extol the virtues of our new choices, but we're still here!
When Yamaha introduces Gen 3 of the S10, I'll be the first to jump back on one. Until then, I'll hang out here, share the good and bad of my new ride, and continue to contribute everything I learned about the Tenere with anybody who'll listen. (Besides, those guys in the KTM forums are dweebs)
It just pisses me off that Yamaha continues to rest on their laurels with this wondeful machine and not make any effort to at least try to keep the competition in sight, from a technology perspective. Many of us have been waiting in vain for an MT-based Tenere with a triple and upgraded electronics, something that can keep up with the Jonses. (I said many of us, I don't even pretend to speak for all.) Watching all of the S10's peers coming out with cool new stuff while we receive yet another year of BNG has finally pushed some to say "screw it" and grab the shiny new thing.
The fact that even though some have jumped ship but we're still hanging out here on the greatest ADV forum on the planet is a testament to this forum and it's members. Sure, we may piss some members off that we're no longer on a Tenere, and we like to extol the virtues of our new choices, but we're still here!
When Yamaha introduces Gen 3 of the S10, I'll be the first to jump back on one. Until then, I'll hang out here, share the good and bad of my new ride, and continue to contribute everything I learned about the Tenere with anybody who'll listen. (Besides, those guys in the KTM forums are dweebs)
Dirt_Dad
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Dweebs....or just not interesting beyond talking about what they've done to upgrade whatever?
This place is family. And sure we scrap and argue sometimes, but you know, I've ridden multiple times with the member who called me out , but I still consider him a legend and look forward to seeing him next time. Because that's family, and I'm pleased to be part of it.
As for Yamaha, they suck and I'm far past making excuses for them. Get your shit together, man. You're better than this.
This place is family. And sure we scrap and argue sometimes, but you know, I've ridden multiple times with the member who called me out , but I still consider him a legend and look forward to seeing him next time. Because that's family, and I'm pleased to be part of it.
As for Yamaha, they suck and I'm far past making excuses for them. Get your shit together, man. You're better than this.
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thughes317
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Hey DD, saw this on another forum...though you may be interested.
Dirt_Dad
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Interesting, I've heard of that chart but never found it...thanks.
thughes317
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Hey DD! I want to hear about that 22 Spyder RT Limited...when did you sneak that in? If/when I get to the point where I'm too feeble to manage 2 wheels, the Spyder will likely be my go to. (Just can't see myself on the world's largest mobility scooter aka HD TriGlide) Tell us more.....
Dirt_Dad
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Yes, the garage has changed a bit in the last week.
I do need to post up. For now I'll just say, DM has moved from her S10, to a BMW, now to a Spyder. Oh how life changes. More later.
Dirt_Dad
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Sadly, no. I gave up on getting a Spyder to wheelie 12 years ago when she briefly had a sport model. Haven't even tried on this luxury model.Yeah, but does it wheelie?
It took her 3 rides to get 600+ miles on it. Now it sits for two weeks waiting on the first service appointment.
She was ready to make the transition from 2 to 3 wheels. So far it has dramatically changed her willingness and interest in going for a ride. Keeps saying things like, 'now I'm not worried to do...x...y...z'. Riding shouldn't involve worry. Glad to see her at ease again in the saddle.
lund
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My wife rides a CanAm, in fact she is a BRP rep for the CanAm Spyder/Ryker line.
She went from 2 wheels to now 3 wheels after a crash about 6yrs ago and lost confidence on riding again. So sold the BMW and didn't ride for a few years till she got involve with these.
Personally BRP has some great ideas but fails greatly in reliability, I may put it equivalent or maybe worst then HD. Because I run a shop and my wifes position with CanAm, I have been in close contact with BRP and have built enough of a relation with them to be able to work on them concerning problematic issues, but 99% of repair shops will not touch them and BRP will not support them unless it is a BRP shop.
On June 23 we are heading to the Arctic with one in highlighting it during the trip and it is something I would never consider without the support of CanAm in covering all cost on the 3wheeler, it will be a publicity stunt for them as they will be using this for advertising the Spyder/Ryker line. They already have sent us close to $10,000 worth of gear, parts and tires in support, including Sat phone direct line communication.
It will be great for sells but to bad they won't learn from poor and cheap quality.
The saving grace is the Yamaha S10 will be there to save their asses when it goes down.
She went from 2 wheels to now 3 wheels after a crash about 6yrs ago and lost confidence on riding again. So sold the BMW and didn't ride for a few years till she got involve with these.
Personally BRP has some great ideas but fails greatly in reliability, I may put it equivalent or maybe worst then HD. Because I run a shop and my wifes position with CanAm, I have been in close contact with BRP and have built enough of a relation with them to be able to work on them concerning problematic issues, but 99% of repair shops will not touch them and BRP will not support them unless it is a BRP shop.
On June 23 we are heading to the Arctic with one in highlighting it during the trip and it is something I would never consider without the support of CanAm in covering all cost on the 3wheeler, it will be a publicity stunt for them as they will be using this for advertising the Spyder/Ryker line. They already have sent us close to $10,000 worth of gear, parts and tires in support, including Sat phone direct line communication.
It will be great for sells but to bad they won't learn from poor and cheap quality.
The saving grace is the Yamaha S10 will be there to save their asses when it goes down.
Cycledude
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I have a few friends riding Spyder’s, yes they have experienced a few electronic issues but once they were fixed they seem to be about as trouble free as you could expect from any vehicle. If I ever switch to a trike the 3 cylinder Spyder would very likely be my choice.
lund
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Yes electrical is the vast majority of all issues, you need their program “BUDS” to do anything with them and these units are loaded with electronics that can actually shut down the bike or disable the drive completely