So I had my choice's for my next bike down to three bikes. The Buell xb12r, xb12cg and the XR. Both the Buells are considered the same and the cheapest quote I got was from State Farm for 121 bucks a month. The XR came in with 36. Full coverage. Get this, an R1 would have cost 211 bucks a month!!!! I was blown away with the price difference. Guess my next bike is the XR. Got with the dealer today and we are at a standstill. Down to 305 a month. So I walked out. I hope that they call me tomorrow and see it my way. I'm in a tailspin guys what should I do. My dream is fading.

 

What's down to $305/month? Monthly payments for the purchase of the bike?

Don't negotiate the payments, negotiate the total price. Trust me on this. If you work on the payments you're giving the dealer leeway to sweeten the deal for themselves in other areas. If you agree on the total price, you've limited their options.

But maybe you're talking about something else...

 

No you had it right. Alright, what is reasonable amount you think they would come off?

 

The finance company has a limit on what they will finance for each model bike... the dealer will have to keep the financed amount under that limit if they want to make the deal... they make the extra money by using trade-in and down payment for their pocket while keeping the financing under that limit. They usually want 10% down. Just watch the interest rate.... That is where your payment varies so much. At $305/mo., you are at a high interest rate assuming the loan is for 5 yrs.
Deal on the interest rate, but the banks may have you there if your credit rating isn't that great... So, all you have left is the Selling price....Low ball them a little and let them work you up to what you are willing to pay. That should reduce your payment asuming they don't play with the interest rate with the lower selling price.

 

Well I got a 720 credit score so I should have the best rate.