K11 Owners Group

[drikko]

Was just reading about the new Ducati Multistrada 1200, pretty awesome machine BTW! I noticed adds there about 1.99% finance for bikes! Is that for real in USA? What's the catch??? Why wouldn't you always have a new bike at that rate?

http://www.motorcycle-usa.com/6/516/4/Motorcycle-Blog-Post/2010-Ducati-Multistrada-1200-First-Ride-Preview.aspx
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K1100RS '97
Laverda RGS 1000 '84
Jim Young Trailer Sailer 5.7M WB

DISCLAIMER:- Anything I say may have been when I was drunk so please don't take it personally.

'Bigamy is having one wife/husband too many. Monogamy is the same.'
Oscar Wilde

[Off the grid]

Typical bait and switch. Nobody qualifies for that rate.
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Bane of your existence since July 2006
2007 Triumph Tiger ABS. "Sabertooth"
2009 Husqvarna TE610. "The dirty Italian mistress"

[mnb]

I dunno about Ducati, but most Japanese bike dealers are having problems getting loans approved at any rate except for those with exceptionally high credit ratings. I know BMW is an exception, there are likely a few others as well. It all depends on who they use for financing or if they do it themselves and how that internal group fared when the economy tanked.
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M N B
1997 BMW K1100LT ABS Special Edition
2003 Husqvarna TE610e
2007 Harley Davidson Road King
2009 BMW F800GS
2011 Husqvarna TE310
2014 Ducati Multistrada Pikes Peak MNB Edition

[Off the grid]

Good thing the Government gave the banks that 200 BILLION dollars.
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Bane of your existence since July 2006
2007 Triumph Tiger ABS. "Sabertooth"
2009 Husqvarna TE610. "The dirty Italian mistress"

[Flying Duck]

If you finance through a dealer on a normal deal then they are farming the financing out to a bank or possibly corporate financing. If they're farming it out to a bank then generally they charge you a percent or two more than they pay so they make money on both the bike and the financing.

If they're financing through a bank at 1.99% then there will be little room, if any, to negotiate on price.

If the financing is corporate then corporate has made the decision to eat a few bucks to sell more of certain models. Unless corporate has it's own finance arm (like HD) then it will once again be farmed out to be serviced by a bank or other financial institution. Since they end up taking a hit on that you have to have pretty good credit(be a lower credit risk) for the low rate since they want as a good a rate as they can get when they"sell" the loan to someone for servicing.

The point of the %1.99 rate is twofold:

1) Get you in the door.

2) Allow buyers with good credit to buy certain models in order to move those models.
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93 LT (x2)
94 RS
86-97 K75F(K75/100/1100 Frankenbrick)
86 K75C w/paralever, hi perf cams,TURBO!
91 & 92 K75Ss
91 K1
86 custom K100
14 WR250R
IBA #17739 (SS1K, BBG, 50CC)
Buy parts HERE

[SugarHillCTD]

Kawasaki currently has a low % rate but it is for 24 months. Go beyond 2 years to pay it back and the rate goes through the roof.

The number crunchers know exactly what they are doing with that routine- many customers think "sure I'll pay it off in 2 years" and end up going 3, 4, 5 or more years all the while paying through the nose.
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John & Cathy

'92 K100RS4V Pearl White SOLD
'04 K1200GT
IBA Several-SS1k, BBG, 50CC NYC to S.F.

[drikko]

No doubt this is where the credit crisis starts!! I thoughth the credit suppliers were supposed to have improved their ways....guess not.

Well at least that 200 billion will prop up the ailing Porsche and Ferrari companies.....

BTW that Ducati MS 1200 looks quite incredible. BMW will have to go back to the drawing board with the GSs to keep up!!
_________________
K1100RS '97
Laverda RGS 1000 '84
Jim Young Trailer Sailer 5.7M WB

DISCLAIMER:- Anything I say may have been when I was drunk so please don't take it personally.

'Bigamy is having one wife/husband too many. Monogamy is the same.'
Oscar Wilde