[supermoto]

What kind of financing rates is Honda offering on the Grom. Anyone have any luck getting any sort of discounts or incentives?

 

[REDLINE]

another thing to consider is financing through your bank, it might be a better way

 

[supermoto]

I didn't realize I posted this in the accessories section. Can a moderator move this to main discussion please.

 

[dgtracy]

I checked with my local dealer about what a monthly payment would be on the grom, i have a line of credit with them and at max he said about 80.00, i would be curious what a personal loan from the bank monthly payment would be..

 

[jthspace]

Honda UK are offering three year finance deal

GBP 99 down (USD 150)

GBP 75 per month (USD 115) for 36 months

Approx 5% interest rate

Now you know why they are sold out here!

 

[Dirvo85]

Interest rates should be around 2.9-3.9% in the US. If not go check out a local credit union or a bank. Prime interest rates in the states are cheap right now. I sell cars and there are some banks financing new cars for as low as 0.74%. I'm not talking manufacturer. That's a regular bank/credit union. Banks and CU's want your business.

 

[wlorton]

I think credit unions tend to be the cheapest

 

[GregW]

I'm on a you selling spree as to not have to finance. By dealer said a crazy high interest. But I think they rip people off too.

 

[raylee]

Honda's current rate is around the 3.9 mark, but that's with really good credit. They are pretty tough with financing and they have like a minimum of $75 a month or so. I'd find a local credit union or get a credit card that offers you 14 months of interest free, the latter of which is pretty much my plan at this point.

 

[Rawkstar320]

Check local all the way. When we got my wifes bike (2012 CBR250) some local financing joint got us the money at 10% interest! Holy Crap! So a few months later we went into the credit union and they re financed the bike at 3.5% WITH casualty insurance (if I die, or become disabled, the bank writes off the loan) AND GAP (if the bike is totaled, the bank writes off whatever insurance doesn't cover and gives us a check for $1,000).

I would say that one of the betters deals that I have gotten in a while....

 

[Nitrod86GT]

Won't know rates until the bike hits dealers and Honda issues a program. If I had to guess it would be a normal 2-3%. Most younger buyers wont be able to score a low rate due to lack of credit.

 

[GromGuy]

Honda UK are offering three year finance deal

GBP 99 down (USD 150)

GBP 75 per month (USD 115) for 36 months

Approx 5% interest rate

Now you know why they are sold out here!

thats a hell of a deal, it's basically an impulse buy at that point. even some kid working at mcd's flipping bugers can get a grom of his own ahah

 

[Walker]

Yea if you have access to a credit union that would be the way to go. I figure dealers want to just move these things cash if they can.

 

[Irish John]

I am trying to find a dealer who will let me order one now with a down payment.

 

[espacef1fan]

I hope the lenders start making getting bike loans more like getting car loans, otherwise motorcycle sales will never take off the way they need to to in the USA...

 

[pilothaz]

For the cost of the bike, I would see about getting the finance through work to hopefully get a deal (work at a bank)

 

[Big Chris]

Honestly for the price it is why bother financing it?

 

[wlorton]

Honestly for the price it is why bother financing it?

Increase "credit worthiness"

 

[S10rider]

if you have access to a credit union they pretty much always have the best rates. from my experience with financing they will probably hit you pretty hard on interest on such a small purchase, that way they can attempt to make decent profit off you

 

[omar510]

Its harder to get financed since a motorcycle is considered a luxury item. My friend was financed on a dealer credit card for nearly 19% when he bought his yamaha R6. Yes he is stupid