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105 Posts
Discussion Starter #1
I went to my dealer today and he said they are getting 5 new 04 R1's in. 2 red, 2 silver, 1 blue i want the blue one and he said ok i asked how much of a deposit would it take to have you hold it for me when it comes in he said 500 dollars i'm like hell yeah no problem no comes the bad stuff i asked him about how much would my payments be if i paid 2,000 as a down payment and he asked me if i was planning on carying full coverage on it lol i said nope just liability cause a full coverage qoute for me was like 7,000 dollars a year. He says to me that yamaha will only let you carry liability on a bike if the amount finanaced is 7,500 or less i'm like WHAT!!!!!! the amonut of the bike tax, tags, and title came 11,426.92 that means i would have to pay at least 4,000 down as a down payment so i don't know if i'll be cruising a 04 unit this year or not son of a mother f***ing bit*h.

i'm glad for all those who have dropped on a new R1 cause it is a sweet ass bike foreal.

(Yamahas catch my eye undertail exhaust is the wave of the future, but if you have a bike then you ride the bike, but when you are in love then it is the ONE. (THE R1).

peace and much love. :(
 

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Super Moderator
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21,686 Posts
Forget the dealer financing and go with your own. Check out
Capitol One on line.
 

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Speed is good.
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1,940 Posts
Nobody is going to give you that kind of cash without proof of full-coverage insurance. Otherwise you could wreck the bike, walk away from paying for it and they would be screwed.

Welcome to reality dude.
 

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Ghostrider Squadron
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9,251 Posts
HRSI aka yamaha finace requires insurance on i beleive 10k or higher. unless it changed lately. anything under 10 and ur set. check with finance mgr not the saleman.
 

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Discussion Starter #6
hey guys it's me again i just want to say thanks for all your help and support, but do you think the dealer is lieing to me or something?
 

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Has anyone seen my ratchet?
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25,747 Posts
Saleman is wrong 10,000 is the magic as someone stated above.
 

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the Green Bastard
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Damn!...I'm amaized that you can have just liability! Thats kind of cool that they do that (I guess). I've always just had to shell out the cash for full coverage insurance.
 

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261 Posts
Only have to have full coverage if the amount financed is over 10k, and Yamaha also has 3.9% financing for the first 24 months. So if you put down 2 grand then you will only have to finance $9,426.92 which means you WONT have to have full coverage. So go get yourself that new R1.:thumbup
 

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Ride Comfortable and Confident
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578 Posts
yeah I was 10,300 OTD last year on a 2003 R1 and I gave them 400.00 dollars and put the rest on the yamaha fianance card thingy and no insurance was required. I however did get full coverage insurance because I dont want to be paying on something that a thief is riding around on. (in the event it gets stolen, which I pray never happens)
 
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