Getting my first motorcycle, pretty much settled on the GS500F, but I can't find any on craigslist. :mad:
I called the dealer and they quoted me $5141 out the door for a brand new 06.
First time buying a motorcycle, so wonder if this is a good deal or no?
yup.
Good Deal.
you'll be happy.
I still think it's a bad idea to buy new for your 1st bike. There are tons of cheap, good condition 'E' models floating around out there and you can find 'F' models too if you're patient. You'll save a lot on depreciation when it comes time to trade up and you won't cry when you drop it and add a couple of scratches.
-M
what??? 51** tell them no. you can get it cheaper than that. tell them 4500 out the door flat and pay cash if you can
Quote from: rangerbrown on May 30, 2006, 05:23:30 PM
what??? 51** tell them no. you can get it cheaper than that. tell them 4500 out the door flat and pay cash if you can
Seriously? I'll be looking to get a new GS500F here in the next month or so and I'm going to e-mail every dealer within 50 miles and get their best OTD cash price. But I didn't think it would be anywhere near that low. Why would the sell it $600 under MSRP? I'm just curious because I live in California and in my research I haven't come across a price that low for a brand new GS.
I checked just out of curiousity and the dealer near here wanted $6500 after assembly, tax, and dealer fees.
I agree with RB... But you need to bring CASH to do this effectively... Once the dealer sees green paper (and lots of it), they'll go down in price.
first off, i would never buy a new bike at the start-mid season. i would at winter or late fall. for this reason. the gs is not worth that much, it just isn't. get a 05 for 3900 or a 04 for 3000
Quote from: annguyen1981 on May 30, 2006, 05:55:21 PM
I agree with RB... But you need to bring CASH to do this effectively... Once the dealer sees green paper (and lots of it), they'll go down in price.
Not true. Exactly the opposite, in fact. The dealer WANTS you to put the bike on credit. They make MASSIVE amounts of their profits on the interest they charge (23% APR, anyone?), and they're extremely happy to see you open the new credit account, and more likely to bargain with you. What you do, is go and open a credit account (have a parent cosign with you, if it's necessary for your credit), buy the bike, and pay the account off on the first payment. That way you don't pay unnecessary interest, but you'll get a better deal.
I'm just speaking from experience in the sales industry, just my advice, take it or leave it.
uhm, my suzuki card is at 7%
And I paid 5500 out the door with Jacket, Helmet, Helmet Bag, Extra Face Shield and gloves.
Tax is a killer in California. 8.25% and registration was 143
Quote from: TragicImage on May 30, 2006, 06:22:47 PM
uhm, my suzuki card is at 7%
Yeah. .but how's your credit? The lower your credit score, the higher (typically) your APR is..
some where around 500, not great, but not horrible.
I'm horribly over-extended though.
really good deal!!!
buy it.
Quote from: NiceGuysFinishLast on May 30, 2006, 06:27:15 PM
Quote from: TragicImage on May 30, 2006, 06:22:47 PM
uhm, my suzuki card is at 7%
Yeah. .but how's your credit? The lower your credit score, the higher (typically) your APR is..
Also, I forgot to say... even if your card is as low as 7%... that's 7% more money that they make off of you, compounded monthly... versus paying cash. You see why they're anxious to milk you for more money?
oh, I know.
but it got me on the bike (before you :flipoff: )
And I don't mind paying 7%
Quote from: TragicImage on May 30, 2006, 06:50:16 PM
oh, I know.
but it got me on the bike (before you :flipoff: )
And I don't mind paying 7%
Ouch.. that was a low, low blow! :laugh: :laugh: Nice thing is.. I make enough in 2 weeks to pay cash for my bike. No payments, no loans, no interest. I make enough in 4 weeks to pay for school for a semester. So in 6 weeks, I'll have a bike! :laugh: :laugh: School comes first, unfortunately..
oh yea?
well, I put more miles on per week than you do.
you may want to read that again, i have a 725 score and my suki card is at 21% the first two months were 9%
7% for the first 2 years...
I read it very well before, and if HSBC screws me.... I'll just move over to my local credit union.
Quote from: TragicImage on May 30, 2006, 06:54:35 PM
oh yea?
well, I put more miles on per week than you do.
Oh yeah? Well, I put more miles on I love YOU per week than you do!!
OH OH!!!!!!!!!!! Hahahahaha.... hope you can take some good natured ribbing!
Quote from: NiceGuysFinishLast on May 30, 2006, 07:21:28 PM
Quote from: TragicImage on May 30, 2006, 06:54:35 PM
oh yea?
well, I put more miles on per week than you do.
Oh yeah? Well, I put more miles on I love YOU per week than you do!!
OH OH!!!!!!!!!!! Hahahahaha.... hope you can take some good natured ribbing!
as long as its ribbed for my pleasure...
Quote from: TragicImage on May 30, 2006, 07:22:50 PM
Quote from: NiceGuysFinishLast on May 30, 2006, 07:21:28 PM
Quote from: TragicImage on May 30, 2006, 06:54:35 PM
oh yea?
well, I put more miles on per week than you do.
Oh yeah? Well, I put more miles on I love YOU per week than you do!!
OH OH!!!!!!!!!!! Hahahahaha.... hope you can take some good natured ribbing!
as long as its ribbed for my pleasure...
So does that make you the catcher?
Quote from: NiceGuysFinishLast on May 30, 2006, 07:23:22 PM
Quote from: TragicImage on May 30, 2006, 07:22:50 PM
Quote from: NiceGuysFinishLast on May 30, 2006, 07:21:28 PM
Quote from: TragicImage on May 30, 2006, 06:54:35 PM
oh yea?
well, I put more miles on per week than you do.
Oh yeah? Well, I put more miles on I love YOU per week than you do!!
OH OH!!!!!!!!!!! Hahahahaha.... hope you can take some good natured ribbing!
as long as its ribbed for my pleasure...
So does that make you the catcher?
I believe the correct term for that is
bottom
Catcher in the Rye....
Quote from: ajgs500 on May 30, 2006, 07:24:48 PM
Quote from: NiceGuysFinishLast on May 30, 2006, 07:23:22 PM
Quote from: TragicImage on May 30, 2006, 07:22:50 PM
Quote from: NiceGuysFinishLast on May 30, 2006, 07:21:28 PM
Quote from: TragicImage on May 30, 2006, 06:54:35 PM
oh yea?
well, I put more miles on per week than you do.
Oh yeah? Well, I put more miles on I love YOU per week than you do!!
OH OH!!!!!!!!!!! Hahahahaha.... hope you can take some good natured ribbing!
as long as its ribbed for my pleasure...
So does that make you the catcher?
I believe the correct term for that is bottom
you would know
maybe I would know too.......
heheheh maybe... maybe not....
Haha.. we really jacked this poor thread, no?
yup lol :thumb:
weird
odd little topic to jack it with too....
Quote from: rangerbrown on May 30, 2006, 07:16:35 PM
you may want to read that again, i have a 725 score and my suki card is at 21% the first two months were 9%
There are different promos being run at different times. You each got different ones.
Dave
must be because when i found this i was pissed. and went to BB&T and had it transfered over and then had no interest for 10 months. and then has a low 6% on it after a year, and a yearly 9% i think haven't look at it, as it is payed off now.
i got 9300 :icon_mrgreen: otd + 500 gap for a black 06 gs and a black 06 s-40 all at 10.?% for the duration of the "loan" (there not really loans)
Paid 4700 - 4800 otd when I got my 05. And got a 10% discount on gear.
I wouldn't say its a fantastic deal as I got a brand new '05 for $3999 OTD (registration/tax incl + 10% gear disc.) in sept of last year. I bought through an internet sales dept that I later found out was on a zero comission pay scale. I don't know if they'd be up front if you asked about that aspect of things, but there is obvious wiggle room in that pricing if that was a first offer.
Wow... one day later and there's like a million (okay, 30) responses, sweet!
Thanks for the help! :)
Anyone know a website like carsdirect, except for motorcycles?
cycletrader.com
thats were i came across the dealership that i got mine from
call the ones with the Unbelievable prices and ask for that OTD and see what they say :thumb:
good luck and have fun, i know i did
I bought my 04 gs500f blue of my friend for $2200 with only 900 miles on bike.
I paid $8900 for my GS500F (australian) ride away with Third Party Greenslip (NSW) and Rego.
And trust me, salesmen love cash over finance. Its all to do with cash flow! :thumb:
Isn't the dealer financeing done by 3rd parties anyway? Then the dealer would not care weather the bike was financed or paid cash as the dealer would get the same money. . . the finance company would get the loan interest. Anyway definatly check cycletrader.com I looked on there after I got my bike and saw the same about 500 to 800 cheaper, but I would have to drive over 3 hrs to get there. I figured my time was worth more than 500-800 dollars.
You're dead set right! 3rd party operators provide finance. The dealers usually get charged a fee or small percentage for using finance serivce provider.
The dealers benefit from the finance arrangment is that people who couldn't usually afford to buy right now, are noe able to. So they make the sale.
Eitherway, there is a delay in time from sale with finance, and when the dealer gets their money. That's why they will ALWAYS do a better deal for cold hard cash.
With cash the dealer gets it in their hot little hands straight away, no fee's, no catches. That's why they love it!
(P.S. I used to be in sales. Till I realised it was evil! :icon_twisted: )
First off, Welcome, Ostwayne!
I'll echo the buying a used bike is a wise choice, other than that, here's my take:
I used to be a motorcycle salesman back in '89-'90. On 500cc's, we had about $100-$150 off of the list price to deal with, but we still had to add the $60 set-up fee for the mechanics time to set the bike up ready-to-ride; this included fluid in the battery and charging it (for at least 4hrs (not enough IMO)) and filling the crankcase with oil (3 $4 quarts @ no charge). So, if we sold it to you @ cost, we wouldn't be able to keep our doors open. It's a "You-scratch-my-back, I'll-scratch-your's" kinda deal. It also depends on the dealer's overhead.
The price you were quoted was OTD (out the door), right? That's including tax, lic. and registration. I'd say jump on it. Tax on $5149 (M.S.R.P.) is (@8.25%) = 424.79 in tax alone.