Has anybody used suzuki's financing (HSBC bank) to buy their bikes?

I bought mine using that, and have just found some nasty reviews about them online. Granted, im betting these are for the most part not true, but has anybody else had any problems with them?

is your financing a line of credit or an actual loan?

Quote from: pantablo on November 19, 2006, 11:40:09 PM
is your financing a line of credit or an actual loan?

its an actual loan, not a credit card

i have them .. never had a problem ...but i pay my bill ontime ..... most ppl complant is probly cuz they did not turn it in right on time and was  a day or a weeklate and there . griping cuz there getting charged for it being late or what not .. you have to read the fine print .... pay it right on time make sure thats the first bill that gets paid everymonth and call it good

I also have them and have found that paying on time is a big help. I have a credit card through them and everytime six months that I pay on time, they give me reward points that I used to buy plane tickets and a hotel room for my honeymoon. PAY ON TIME and everything will be ok.

My car is financed through them, and the only question I have with them is how they figure their interest charges. I suspect that they mis-figure them, and I'm in the process of doing it myself for the life of my loan thus far (2 years). I haven't had any of the problems I've read about, but I'm VERY sure and VERY careful to send my payments in well before they're due and make sure that the check clears. I won't use their online payment service, because they charge FIVE BUCKS! I don't THINK so. Make me pay a ridiculous amount for something that costs them less than paper checks should!? 

The other thing I watch with them is that they DO treat my loan like a line of credit almost. I pay the amount each month that will complete my loan in the # of years that I signed up for; however, when they send me the bill each month, they require a payment of MUCH less (hundreds of dollars less), so they're hoping to extend the loan to forever. I have no doubt that that's a nasty trap that some fall into when they fall on hard times. The loan could go on for decades paying their "minimum amount due."

My Yamaha loan is through HBC and I havent had any problems but they take it right out of my account.  Im not sure who my Suzuki financing will be going through here in Canada but I guess Ill find out today when I get my bike,haha.

i'm paying 2.5 times more than the minimum each month. the balance is coming down dangerously fast after 1 year and a half 

U use them too. They do seem pretty straight-foreward if you pay on time. The only problem I have is that there is no way to pay the bill online, like all of my other bills. You can pay over the phone, but they charge a $15. fee. They counter this by giving a 10 day grace period after the bill is due for any mail delays I suppose.

P.S. Pandy I just saw that you said they DO offer an online payment service (yea the fee sux). I called a few months and asked and they didnt have it then. Do you finance through HSBC Bank, or HSBC Retail Services? My bike is through HSBC Retail Services in (I think) Oregon. Anyways, and loan/credit card company is gonna beny you over backwards if you dont pay on time. The difference is between those that charge fees to actually PAY them, and the ones that dont.

Quote from: pandy on November 20, 2006, 09:12:38 AM
<snippage>
I won't use their online payment service, because they charge FIVE BUCKS! I don't THINK so. Make me pay a ridiculous amount for something that costs them less than paper checks should!? 
<snippage>

Yea I dont have nothing worth getting financed ... I went from like being non credit worthy to being 800 with nothing financed. Buy crap, use it, fix it, use it more and toss it when its completely busted ... yea ... but anyway back to this point ...
Global crossing owes us 89 cents. ~2 years ago they sent us a notice saying to call them about the "outstanding balance" I thought WTF ... they think I owe them cos they cant see the CR ... blind ass morons and I call them ... They go like ... yea if you want to stop receiving these mails each month we can 0 out your balance. I am like "no, send me the 89 cents and then we'd be even". They go "no, we are just emerging from bankruptcy protection and we wont be able to do that". I said "great, send me the statements that you owe me 89 cents each month". So 2 years and 24 mails of 37 cents and then 39 cents per mailing later - ~$10 ... they still owe me 89 cents. I guess the collection agency called The srinath works very very efficiently. Not paying the srinath costs more than paying the srinath ... dont you know.
Cool.
Srinath.

My new Suzuki loan (in Canada) went through laurentian bank.

Yea those laurentians - yea they have all the money 
I mean none of the others, the Presbyteraians or baptists or adventists have that kind of $$$ ... 
Cool.
Srinath.