Financing

[YammiMoose]

I snow checked my GT and found out yesterday from my dealer that I might not get it until December.
In April I elected to get the 6 months interest free financing. I seem to recall a date of March to pay it off. Does this date change because it didn't get it in September as originally promised? Or am I mistaken about the 6 months and have to pay it off by March?
Thanks,

-j

 

[Mighty]

You have until March regardless of when you get your sled.

 

[flyingpig]

Yes and make sure you pay it off before Mar 1st or you will be paying their high interest rate!

 

[paulrxwarrior]

Pay off as much as you can until March...switch the balance to a 0% credit card...i did it with my warrior and i am going to do it with my attack

 

[Spyderman]

When I picked up my spring order sled a couple weeks ago I had the dealer put me under the new fall financing program. Its $89/mo at 2.9% for a year. I was prepared to pay it off by March, but by delaying the big interest rate (18.99%) for another 7 months (9 in your case), I have a better safety cushion should something go wrong over the next couple months. IMO, make your money work for you - If I can buy something at 3% and keep money invested at 7%, I'm happy.

 

[YammiMoose]

Yes and make sure you pay it off before Mar 1st or you will be paying their high interest rate!

I only owe the difference from my trade in to the new price of the GT. It's not that much so I just want to pay it off. I don't want to keep paying on something where the value drops so quickly. I took the hit last year on the RX1 because they didn't want to give me squat for my 02 Viper.

-J

 

[impalapower]

Yes and make sure you pay it off before Mar 1st or you will be paying their high interest rate!

Not only that, you will pay back interest from the time you took delivery.

 

[TT670]

When I picked up my spring order sled a couple weeks ago I had the dealer put me under the new fall financing program. Its $89/mo at 2.9% for a year. I was prepared to pay it off by March, but by delaying the big interest rate (18.99%) for another 7 months (9 in your case), I have a better safety cushion should something go wrong over the next couple months. IMO, make your money work for you - If I can buy something at 3% and keep money invested at 7%, I'm happy.

If I could find someplace that paid a steady 7% Id be happy.

 

[impalapower]

IMO, make your money work for you - If I can buy something at 3% and keep money invested at 7%, I'm happy.

If I could find someplace that paid a steady 7% Id be happy.

The market changes a lot but it can be done if you keep your money there long term. Do you work with a financial advisor?

 

[Spyderman]

No I don't work for a financial advisor - just try and keep my eyes open. With interest rates so low, I moved into the bond market for "fun" money. Fixed semiannual payouts. Keeps me in a budget, and I know the money will always be there (Of course the only drawback is as interest rates rise you need to keep the bonds to maturity, or else take a loss on the prinicpal)

 

[impalapower]

Spyderman, I was asking TT670 if he had a financial advisor working for him. Sounds like you got your money working for you, now TT670 just needs his money to work for him.