Kawasaki through Synchrony Bank for 48 months at 2.45%

I was gonna pay cash but their money was too cheap to pass up. I can invest the cash over 4 years and make way more than the 2.45% I'm paying in interest.

 

Like @AV80R , I went in ready to buy the wife's bike outright.
Sheffield financial through Kawasaki was 1.99% for 36 months.
It was an easy decision for me. Less than $500 total in finance charge? Yes, please!
Left me the cash to buy a second 4RR when the chance came around.

 

9.24% for 60 months via Broadview Credit Union. I have horrible credit. First tried financing through the dealership via a finance company that does a soft pull, 18%. Second time through the dealership via a finance company with a hard pull, 13%. Went to a Broadview credit union and they offered me 9.24%.

I have a horrible credit rating so I knew I would be fighting an uphill battle. Felt like 9% was doable and I had an itch I couldn’t scratch. The only medicine was more NINJA!

I sold my previous Ninja in 2013. I went 10 years without riding. I’m not getting younger, smarter, healthier or wealthier. Might as well go out and have some fun. 😃

 

I got 1.95% for three years from Synchrony bank.
I'll be paying it off in two years because I hate any kind of debt.

I had the money to pay the bike outright like I did my Ninja400 a couple of years ago but haven't had any kind of financing of anything since I bought my car in 2015.

So I financed for continued good credit score and am using the money I had for the bike to buy parts.
A lot of parts.
More than I spent on my Ninja400 when I bought it. 😂 🤦🏻

 

I hate debt too, unless they charge me less to use their money than what I will likely earn with it.
If you are under 3% send me your 10k, and I will send you 11k in 4 years!

 

I also got 1.95% for 36 months. I also plan on paying it off early. I thought about the 0% for 12 months, but decided I wanted a little cushion in case something happened. 1.95% interest on financing vs the 5.05% interest my high yield savings account is paying. It was a no brainer.

 

12 Month 0%. Did the same thing when I bought my z900 a few years ago.

 

--


which lender ?

 

which lender ?

Kawasaki credit card, I think.
I just didn't want another card.

 

My dealership told me Kawasaki doesn’t do their own credit anymore due to the “financial climate”.

Did they mislead me or could there possibly have been miscommunication from my end or theirs?

I already have my Ninja but I’d just like to know for next time. Maybe my credit was so bad that I didn’t qualify for the Kawasaki card and she was trying to spare me embarrassment (even though I’d prefer the truth.)

Happy for my Ninja brother and sisters who got great rates! 😎 Hope to be along side you next time.

Down the line I plan on getting one more bike, at least. ZX10R if I feel I can handle the POWA. 💥

 

now i feel good about having started an APR discussion thread, you must take a print of this and have a conversation with the dealership to understand why there is a difference

 

3.95% for 60 months through Sheffield

 

Coming from the industry, those that might not be aware of this but a banks offer rate, can vary month to month. Thats why rates on cars as well as powersports can, (and often do), change at the beginning of each new month..

 

i talked to my dealer today and they said nothing below 5% APR

 

The company that was providing the good rate is parting ways. So it’s no surprise that they aren’t offering the good rates anymore. Those of us with Kawasaki credit accounts will have their accounts closed soon. If you already have an account they may let you use it for a bit longer. For those without the account wont be signed up for new credit.

 

Synchrony Bank is not going to close your account used to finance the motorcycle.

 

Are you referring to Synchrony Bank?
I got mine at 1.95% interest for 3 years but making payments to have it paid off in 2.

Please verify this about the Kawi accounts being closed soon.
I've heard nothing about this with my loan.

Synchrony Bank is not going to close your account used to finance the motorcycle.

Citibank, the one running the Kawasaki card, |is closing the accounts. The terms of the loan won’t change. You’ll still make your payments as normal. You won’t be able charge to it.

 

The promotional new vehicle financing at all the dealerships I went to for my 4RR used Synchrony Bank, not Citibank.

The Citibank account you have there is a credit card charge account. Those come and go. The vehicle financing accounts don't really have the same flexibility to close your account like a credit card.

 

Thats how I got the 1.95% interest rate on Swampy.

 

What was the loan term, in months? I'm guessing 12-18. Probably 12.

 

36 months at 1.95%. I could have chose 12 months at 0%, but I wanted a little bit of flexibility of extra time if needed.

 

That's pretty unconventional for a credit card charge account to offer a rate that low for that long. No wonder they're closing it!

The Synchrony Bank vehicle financing loan is not a charge account, you cannot add to the balance thus there is no "closing" the account because it was already closed and the terms locked at origination.

There's nothing you're losing as a result of this. You got a good deal and the bank doesn't want to let you add more charges at that rate anymore. You scored and now they're taking their football and going home but you just get to enjoy the remainder of your term at a great rate.
No more free lunch though...they've cut you off! LOL

 

Just hope that your interest rate for that car AND your balance doesn't go up.

Wirh interest rates going up on everything double check with that Visa card company to ensure you're not paying added interest.
If not you're golden. 👍

 

Just hope that your interest rate for that car AND your balance doesn't go up.

Wirh interest rates going up on everything double check with that Visa card company to ensure you're not paying added interest.
If not you're golden. 👍

The loan documents detail it out with 1.95% for 36 months. It can’t go up.