I'm 15, and I'm wondering how much the down payment would be on a '07 Honda CR125 dirt bike.?

Question

I called the motorcycle dealership and nobody believed me that I had the money and I just want to know how much the down payment would be. Any help would be greatly appreciated.

Answer 1

Yep, you have to be 18 to get a loan unfortunately so you'll have to depend on the parents to do the financing. Here is the deal Honda is offering if you use their credit card.

$0 down, $0 payment, 0% interest for 3 months. After 3 months, minimum fixed monthly payments of 2.5% of the original high balance at Fixed ANNUAL PERCENTAGE RATE from 8.9%-15.9% (as of 1/07) for the life of the transaction depending on lender-determined creditworthiness. Offer valid 1/6/07 through 3/31/07 on all new and unregistered 2007 and prior model year Off-Road Motorcycles, Sport ATVs and TRX90 models through GE Money Bank on the Honda Card upon approved credit. Check with participating dealers for details.

Answer 2

At 15 you can not make a down payment. You can buy it (depending on your state) for 100% of the cost. But a down payment applies to a loan which you can't have until you're 18 as you can't enter into a binding contract.

Answer 3

Hmmmm.... You're fifteen...

let's see 15 X .0876% over 365 minus

187.5 then square that by 52...

at 15 years of age ...your down payment for a
'07 Honda CR125 is most assuredly.... a broken arm.

Answer 4

It relies upon. Is Honda or KTM sellers close at your homestead of abode?? KTM is fee greater money than Honda. (factors ) Honda broking is allover united states of america. KTM broking is constrained. Honda make greater desirable handling, ability, Suspensions. greater fee-effective. KTM is start up greater desirable motorcycles few years in the past. the pro racers start up utilising KTM's and convalescing winnings. I had rode a 2004 KTM one hundred twenty five. very mind-blowing, and sturdy powerband. the front suspensions ( rakes- degree) is alot distinctive than Japan. I additionally had 1984 Husky CR500. It experience difficult, difficult to turns, Rode my 1983 YZ250. Rode alot much less perplexing and take care of greater desirable than Husky. i replaced into raced Motocross from 1979 to 1985. I end racing by way of fact i replaced into senior of high school. i choose for to bypass and not get injured from racing. maximum of united states of america paying for dirtbikes is Japan. i be attentive to that KTM is gorgeous motorcycles. yet I havent see any comments of issues on KTM. ( I didnt study dirtbike magazines recently) Its your coronary heart to settle on which you opt for for. desire that teach you a thank you to.

Answer 5

you are probably to young to get financing, so you will need to pay cash. A dirtbike shouldn't be bought on credit antways. The bike will be broken before it is payed for.

Answer 6

You are probably too young to finance it. You will need a parent or guardian to finance the loan.