Do any of you know if Burnaby Kawasaki finances used bikes? What's the interest rate? And do they have fair prices or should I look to buy from a private dealer?
Yup, that's how I bought my bike. I got a staff/student rate (I'm both) on it which is 1% above prime. You can also get a prime+1% rate if you secure it...but you have to have some good assets if you want to secure it. No bank will secure your credit line against a car or a bike...it would have to be Real Estate, Investments or cash equivelants. So the rate on my credit line is only 4.75%, and you can get the same if you're still in school. The minimum payment is only interest, and you can pay off the principle as you can afford to. I pay $1500 a month, because I just want it all gone as fast as possible...but I'm only required to pay about $8 per month.Kit said:another option of financing may be a line of credit...