nope, not hard...****but****

i got one thing to say about it: DON'T FINANCE WITH THEM.

 

thanks for the reply, why do you say not to finance with them??? thanks again:rock

 

Check with: http://www.capitaloneautofinance.com/pff/default_2.cfm?PFFSRCID=ADTO02CYCRESMID*TI0123***&d=1

I financed with them and it was extremely easy. A simple credit app online and I had my approval back within 15 min. Their rates are great and there is a minimum of paperwork. Check into their Blank Check feature, it's really cool!

 

It is not hard at all, I recevied one with a $25,000 limit a few years ago and I didn't even ask for it. They just sent a pre-approval deal and I thought what the heck. I am not opposed to anyone financing, but there are far better rates than what is being offered with the Yamaha Card. If you are a member or can become a member, I highly recomment a credit union as they always offer the best rates. If not then try your personal bank. Rather than getting some great deal for 6 months and then paying 17.99% interest with a Yamaha Card, you can apply for a closed end account with HRSI the compnay who underwrites the Yamaha Card and get a far more resonable interest rate. Let us know how you make out!

 

Do a search and you will see the pros and cons on the Yam card. It's nice to have the card to be able to use during the season to get stuff from Yam but pay it off before the big interest hits.

 

how old are you and how old is your friend?

 

The Yamaha credit card was so easy to get, they aproved me on the spot in just a few minutes, no money down, 7.9% interest rate. One can also buy stuff from the Yamaha dealership and they will just add it to your account. They have all kinds of interest rates, it all depends how good your credit is. Credit Unions offer good rates also, but a motorcycle may be considered a luxury item therefore, the rates may be a bit higher. Have you checked peoplefirst.com yet? they have good rates. Here is a link for you. http://www.capitaloneautofinance.com/pff/site_cycle_rates_terms.cfm?CFID=2368115&CFTOKEN=93649779

 

Damn I got screwed!!!! I paid 10.5% for financing

 

i dont really know the relevancy of your question, but my friend is 23 and i am 20

 

Just pay cash! That is the easiest way!!!

 

The Yamaha credit card was so easy to get, they aproved me on the spot in just a few minutes, no money down, 7.9% interest rate. One can also buy stuff from the Yamaha dealership and they will just add it to your account. They have all kinds of interest rates, it all depends how good your credit is. Credit Unions offer good rates also, but a motorcycle may be considered a luxury item therefore, the rates may be a bit higher. Have you checked peoplefirst.com yet? they have good rates. Here is a link for you. http://www.capitaloneautofinance.com/pff/site_cycle_rates_terms.cfm?CFID=2368115&CFTOKEN=93649779

why is this blue

 

Mmmmmm let's see... it is blue because I like that color. Team blue, team Yamaha.

 

your bike is silver, and red is a faster color....do a search here...and also what is most likely...

a blue ferrari or red
a blue lamborghini or red
a blue Yamaha M1 or red

 

i dont really know the relevancy of your question, but my friend is 23 and i am 20

your friend may have good credit, but may not be well established enough in his credit for the particular bank to grant the loan for the bike.

try applying for credit cards, usually have great interest rates, walk out with the title, easier that way. he owns the bike, and not the bank...

having to sell a bike that is currently fianced can be a bit of a pain in the butt...

 

let's see, take a pick.... blue or silver....

 

i'm at 18 percent with my yam card...they scammed me as well by jacking up the minimum payments...i would complain, but i'm paying the whole 1400 bucks i owe to them in one shot in a few months...i hate credit cards...if i had the cash up front for everything i bought, everything would be bought with a lump sum of cash and no hassle...but, unfortunately, thats not the case

if you want to finance, get a bank loan and go from there...its your best bet...just make sure you go to a reputable bank and have an in-depth conversation and really understand what the loan entails...good luck

 

The Yamaha credit card was so easy to get, they aproved me on the spot in just a few minutes, no money down, 7.9% interest rate. One can also buy stuff from the Yamaha dealership and they will just add it to your account. They have all kinds of interest rates, it all depends how good your credit is. Credit Unions offer good rates also, but a motorcycle may be considered a luxury item therefore, the rates may be a bit higher. Have you checked peoplefirst.com yet? they have good rates. Here is a link for you. http://www.capitaloneautofinance.com/pff/site_cycle_rates_terms.cfm?CFID=2368115&CFTOKEN=93649779

Check your terms and conditions, I am willing to be that your rate does not remain at 7.9%

 

I'll never use a credit card, They can raise your interest rate when they want to and god forbid if you are late on a payment. Get a loan from a bank much easier and less painful.

 

Right now the yamaha card is running a special 3.9% until Jan. 2005, my friend used it about 5 months ago to get himself a yzf600, he said it's been great as long as you make your payments on time then it stays at 3.9%, so he's making big payments and paying it off quickly and likes having it and has only good things to say about it.

 

Remeber if itis not paid off by 1/2005, the rate goes to 17.9 regardless of payment history.

 

Just pay cash! That is the easiest way!!!

This is the best advice so far. I will only buy a bike with my own cash. Cash and carry. For a toy, loans and financing isn't worth it because you end up spending a lot more than the bike is really worth. If you cannot pay cash, hold off or buy a cheaper bike, sell it for a profit and keep doing that until you have enough money for the bike you really want.

 

The Yamaha card has different promotions going on all the time. Find a good, honest salesman and ask him to explain all the different plans to you.
For example, right now, Yamaha is promoting the hell out of the 3.9% until Jan '05 plan. But yes, on Jan 1st, 2005 the interest rate does indeed jump up to 17.9% and payments go up too. BUT...there are 3 other plans happening. 7.99% APR for 36 months (and that is a fixed APR) and 9.99% APR for 60 months (again a fixed APR). The third is 8.99% fixed APR for 72 months if you buy the extended warranty or $500 of Genuine Yamaha accessories. All 3 of these plans will set-up your payments so that they are paid off within the term(36, 60, or 72 months).

The key thing is...if you have the time, always shop around for the best loan and the best insurance!
If you need the bike right away, take a couple of extra minutes to talk the salesman and find the best financing that the dealership can offer.:thumbup

 

the yamaha card is hard to get 4 most. u must have some revolving credit like credit cards for at least 2 years with not late history and a decent credit limit. yamaha card do not change rates depending on ur credit. yes its a revolving card after 2 years or whatever the PLAN is it goes to 18%. i had customer with 200k year income all kinds of house payments, car payments(this is installment type loans) and no credit cards. yamaha turned them down. most young people will need a co-x unless u have established good credit. ur best bet is using credit union and getting good rates with them. the only plus to the yamaha card is that anything uner 10k does not require full coverage insurance.

 

not difficult to get the yamaha card if you have good credit, but be warned they use a "beacon" score to rate you. if you've filed bankruptcy or slow on paying your debts, forget it.

it takes longer to type in the info than it does for household retail services inc to reply.

yamajj

 

Right now the yamaha card is running a special 3.9% until Jan. 2005, my friend used it about 5 months ago to get himself a yzf600, he said it's been great as long as you make your payments on time then it stays at 3.9%, so he's making big payments and paying it off quickly and likes having it and has only good things to say about it.

and after jan 2005????
why do that whenever you can finance through a bank, they give you a 5.99% for like 5 years, and if you want to pay it off you can just like you would a credit card.....
jan 2005 is only one year away.....
maybe for people with the money to pay it off in one year, but me with my college self, and the motorcycle a jump to build credit, i don't think so.....