Deposit on bike question
#1
Deposit on bike question
Prolly going to ask the dumbest question but going to ask anyway. Search turned up nothing.
Looking to get a used 2009 Night Train have been looking for the right bike for the last few months casually. Finally found what seems to be the perfect bike. Going to take it out for a test ride today. My question is how long do dealers hold a bike you put a deposit on? Or are they like car dealers they will take your deposit but will still try to sell the bike and if someone comes along they will still sell it out from under you?
Basically wasn't planning on buying a bike until next month or April at the earliest. Just trying to save up enough really don't want to fiance very much if I can help it.
Thx for your time.
Looking to get a used 2009 Night Train have been looking for the right bike for the last few months casually. Finally found what seems to be the perfect bike. Going to take it out for a test ride today. My question is how long do dealers hold a bike you put a deposit on? Or are they like car dealers they will take your deposit but will still try to sell the bike and if someone comes along they will still sell it out from under you?
Basically wasn't planning on buying a bike until next month or April at the earliest. Just trying to save up enough really don't want to fiance very much if I can help it.
Thx for your time.
#2
Finance it! Any money you save up in the bank will be needed for mods. And if just about now, you're thinking, "I'm not really into customizing" or "I like the bike just the way it is", you're LYING to yourself. LOL.
#3
Thx for the response. I am going to finance part of it that was the plan all along. Also I do plan on doing mods not going to kid myself. Guess I will have to have them run my credit and see what happens.
#4
Generally... a dealership is in the business of SELLING bikes... most will hold a bike for MAYBE a week... if they know you, they might go two weeks. BUT..if someone walks up with the cash, or credit... they might call you, or they might just sell it.
My bike was on "hold" for a customer... but I had the credit, and the trade-in.
I spoke to the salesman over the phone on Tuesday.
He confirmed the bike was still "in stock, but on hold".
Salesman said he had "held it long enough".
I arrived Wednesday morning, and rode home that day.
My bike was on "hold" for a customer... but I had the credit, and the trade-in.
I spoke to the salesman over the phone on Tuesday.
He confirmed the bike was still "in stock, but on hold".
Salesman said he had "held it long enough".
I arrived Wednesday morning, and rode home that day.
#5
If you like the bike, buy it today. A dealer will NEVER hold a bike for more than a few days...finance it and use extra money you will have in April for MODS or just pay your loan down faster. Just make sure any extra payments go toward the principle, not toward interest.
#6
Generally... a dealership is in the business of SELLING bikes... most will hold a bike for MAYBE a week... if they know you, they might go two weeks. BUT..if someone walks up with the cash, or credit... they might call you, or they might just sell it.
My bike was on "hold" for a customer... but I had the credit, and the trade-in.
I spoke to the salesman over the phone on Tuesday.
He confirmed the bike was still "in stock, but on hold".
Salesman said he had "held it long enough".
I arrived Wednesday morning, and rode home that day.
My bike was on "hold" for a customer... but I had the credit, and the trade-in.
I spoke to the salesman over the phone on Tuesday.
He confirmed the bike was still "in stock, but on hold".
Salesman said he had "held it long enough".
I arrived Wednesday morning, and rode home that day.
Trending Topics
#8
I dont think there's no hard and fast rule on this. sort of what is discussed between you and the dealer. And hopefully he stands by his word.
#9
Lenders can only charge you interest once a month on the terms agreed upon.