06 Gsxr600!! - TwoWheelForum: Motorcycle and Sportbike forums
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post #1 of 56 (permalink) Old 04-15-2006, 02:10 PM Thread Starter
 
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06 Gsxr600!!

I finally convinced my buddy to get a new GSXR600 with me. Well....he didn't go with me yesterday but decided to go today while I'm working at the fire department. He just called me and said he got approved for 8000k. They are selling them for 8400 otd. We are both going back on Monday so I can try to get approved with 1000 down. I cant wait.....all i've been thinking about latley is riding, i cant get it out of head. Anyway, is the financing pretty easy through Suzuki? Also, does anyone on here have the 06 yet and if you do please let me know what you think about them? I'm getting the black/red, and he is getting the black/silver.

Oh ya, I'm new to TWF and pretty new to riding. I'm glad to be apart of the site.
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post #2 of 56 (permalink) Old 04-15-2006, 02:29 PM
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Yeah glad to have ya here!!

Is this your first bike? It sure sounds like it... I can hear the excitement in your words....




-Chris
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post #3 of 56 (permalink) Old 04-15-2006, 05:15 PM Thread Starter
 
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Yep, first bike. But I got bad news, I called the dealership and gave them my info. They called back and said that I was not approved. I dont have bad credit, I make decent money, and I've never been able to get a loan. Its really starting to get to me. I've tried to get a four wheeler before and was not able to, and now this. The only reason I have a truck is because I talked my dad into co-signing. I'm 21... and I wouldn't even be able to get to work and back if it werent for my dad, IT'S ALL A BUNCH OF !!!!!
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post #4 of 56 (permalink) Old 04-16-2006, 04:47 AM
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AP... so you have a truck loan... have you paid one off yet? If not... this is normal... once you pay one off then you won't need a co-signer. Just call the dealer back and ask if a co-signer will do the trick.




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post #5 of 56 (permalink) Old 04-17-2006, 09:41 PM Thread Starter
 
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They told me a co-signer would work but I have no one to co-sign for me. A GOOD friend of mine is trying to work somthing out for right now. He is trying to get a 6000 dollar loan through his bank for me, which I'm really gratefull for. He just got his black/grey gsxr 600 today. Of course he let me ride it as much as I wanted . He's almost too nice. Oh ya.....the bike was great and I cant wait to get one.
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post #6 of 56 (permalink) Old 04-17-2006, 09:45 PM
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Building credit can be tuff some times. If you can come up with a 3 or 4 G's to put down. I bet they will let you have one.

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Currently ride 1987 GSXR 50, 1996 Ducati M900, 2005 GSXR 1000
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post #7 of 56 (permalink) Old 04-17-2006, 10:32 PM
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First, slow down. Don't try to rush getting a bike, you will end up screwing up your credit more. You already got one decline on your record that will hurt your score, you don't need more.

How long have you had the truck loan? It takes 8 months before your credit is established.

Go to your local credit union/bank and discuss your options with them. They can look at your credit and tell exactly why you could of gotten turned down by Suzuki, well sometimes. My bro got turned down by Suzuki and he has spotless credit with a really high score and no loans and the bank couldn't even figure out why they turned him down. He is also 30, so it wasn't cause of his age. It was an odd deal. Your local credit union could also give you a better interest rate. Suzuki was going to give me 7% and I got 4% at my employee's credit union. So just take it slow and weigh your options before you rush in. I know it's hard to think that way because your 21 and everything has to be right now, but patience is the best way to do things.

Also,

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post #8 of 56 (permalink) Old 04-18-2006, 12:37 AM
 
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it has to be your credit score or credit history.

i am also 21 (22 this august) and my score is pretty good for a 21 year old i guess....its around 680.

2 credit cards...loans...NO late payments ever...60 percent of the time i pay my balances in full.

I bought my 05 gsxr 600 last november along with an insurance program for 1500 bucks.

I financed the whole thing for like 11k...and i was approved no problem..

I have a 25k truck loan co-signed by my father (i had 12k down)....and just recently a 16k loan for a new civic (put 6k down)

I only have 1 other payoff cosign before all of this....a 10k car loan.

I dunno about your dealer but since I needed like 11k for my loan....he asked suzuki for like 13500 and they approved me for 11800....i am doing the promotion plan at 149 a month for [email protected] 9.9 % interest...but i am going to satisfy the loan before i get myself into that interest...hopefully by this summer or next.

try asking your dealer to ask for more money since suzuki tends to meet half way apparently.

Last edited by GixxerNHemi; 04-18-2006 at 12:42 AM.
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post #9 of 56 (permalink) Old 04-18-2006, 10:15 PM
 
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I just bought one too, i got approved for only 6000$ but my dad cosigned with me since its my first "new" vehicle. I've got good credit i guess, but just a lil to young.
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post #10 of 56 (permalink) Old 04-19-2006, 07:20 AM Thread Starter
 
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Right now I only have about 2500 to put down, but that doesn't seem to matter because suzuki wouldn't loan me a dime. They even gave another friend of mine a 6500 dollar loan and he can't even use it because he's got no money to make up for the rest of the 8,400$ that he needs. If they had just approved of me they would have sold a bike, instead they gave it to the guy who can't afford one. Oh well, I'll just be patient.
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post #11 of 56 (permalink) Old 04-19-2006, 07:42 AM
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Quote:
Originally Posted by apfire26
Right now I only have about 2500 to put down, but that doesn't seem to matter because suzuki wouldn't loan me a dime. They even gave another friend of mine a 6500 dollar loan and he can't even use it because he's got no money to make up for the rest of the 8,400$ that he needs. If they had just approved of me they would have sold a bike, instead they gave it to the guy who can't afford one. Oh well, I'll just be patient.
Interest is going to kill you if you only got 2500.

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post #12 of 56 (permalink) Old 04-19-2006, 10:15 AM
 
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i think a lot of you are forgetting to add some $ in to your loan.

it seems alot of you think you only need $8400 for the bike.....what about like 600-700 bucks worth of tax...the freight/setup charge...(trust me....esp with a loan through suzuki...they get you with EVERYTHING)

for an 8400 bike...its really gonna cost you closer to about 9500 out the door....dont forget that.....unless dealers are just dying to get rid of the new 06s for 1k under sticker....
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post #13 of 56 (permalink) Old 04-19-2006, 10:23 AM
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Quote:
Originally Posted by GixxerNHemi
i think a lot of you are forgetting to add some $ in to your loan.

it seems alot of you think you only need $8400 for the bike.....what about like 600-700 bucks worth of tax...the freight/setup charge...(trust me....esp with a loan through suzuki...they get you with EVERYTHING)

for an 8400 bike...its really gonna cost you closer to about 9500 out the door....dont forget that.....unless dealers are just dying to get rid of the new 06s for 1k under sticker....
Yeah good point, new riders especially young ones that havent made big credit purchases forget that part a lot.

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post #14 of 56 (permalink) Old 04-19-2006, 06:43 PM
 
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yep....and guess what...

that 8400 not only becomes 9500 quick...but since they are financing through suzuki finance....suzuki hits you with a 350-375 dollar insurance charge/security.

all said and done....if the dealer is telling you boyz/girlz 8400....thats for the bike ALONE!....you need another 500 on top for freight like i mentioned.....(7/10 times they hit you for that)...+ another 600-700 in tax....+ suzuki insurance since you are on a 5-year promotional plan most likely.

say hello to between 9500-10k!!!!.......save your money!!!!!....if some of you guyz are only geting approvd for 6k....u need another 3500-4000 for the bike!!!...or basically about a 10k approval.
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post #15 of 56 (permalink) Old 04-19-2006, 07:17 PM
 
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I guess I'm lucky. We don't have sales tax in Oregon. I paid $8300 for my 06 GSXR600, plus $168 for license & title.
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post #16 of 56 (permalink) Old 04-19-2006, 07:26 PM
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Quote:
Originally Posted by Dalejr
I guess I'm lucky. We don't have sales tax in Oregon. I paid $8300 for my 06 GSXR600, plus $168 for license & title.
Yes, but they get your money back with state taxes, which Tennessee, Florida, and probably some other states don't have.

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post #17 of 56 (permalink) Old 04-19-2006, 07:35 PM
 
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Quote:
Originally Posted by VolEngineer
Yes, but they get your money back with state taxes, which Tennessee, Florida, and probably some other states don't have.

Very true. Taxes will get you one place or another.
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post #18 of 56 (permalink) Old 04-19-2006, 07:41 PM
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Quote:
Originally Posted by Dalejr
Very true. Taxes will get you one place or another.
Yeah you can't escape the realm of taxes unfortunately, unless you want to be a criminal, but then you get the raped in the butt prison tax.

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post #19 of 56 (permalink) Old 04-19-2006, 07:54 PM
 
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Quote:
Originally Posted by VolEngineer
Yeah you can't escape the realm of taxes unfortunately, unless you want to be a criminal, but then you get the raped in the butt prison tax.

Yeah, takin it from Uncle "Sam" is better than takin it from Uncle "Slam"
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post #20 of 56 (permalink) Old 04-20-2006, 12:21 AM
 
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Just hold off, save up your money and go with a really good used bike for now while you build up you credit. In a year or so sell it and purchase a newer one.....
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