Hi all, which one is preferable to buy a bike , credit cards or two wheeler finance. ?

Question

because some one told me that credit card is better as total payment is reduced.

Answer 1

Cash bro! Money talks and BS walks.

With financing or CC's your gonna get analy violated with interest.

But out of the two....pick financing.

And remember in the words of Leo Getz " they Fu(k you at the drive thru"

Answer 2

I did mine at @ 0% for a year on an AMEX BLUE credit card.  Someone tell me how to beat that.

Answer 3

i think you go with cash no credit card no finance because in cash you have only vat

Answer 4

Even if you are able to finance the bike via a credit card such as AMEX/MC or Visa do not do this. The interest rate is so high in comparison to the finance charges (interest rates) that you will pay against regulart motorcycling finance rates. Additionally if you finance through the motorcycling company you have bargaining capabilities that do not exist with the credit card company. ! or 2 percent reduction in finace charges mean a lot when you finace a larger sum of money over everal years.If you are amemeber of a credit union then seek out their rates as well.Also do notoverlook your local banking instituiton and see at what interest rate they will loan you themoney at...After you have made all the comparisons you can then choose the lending indtituion that best suits your financial needs and get the scooter.

I guarnatee you that from the credit card companies will be way at the bottom of the list if it is at all possible in the first place

Answer 5

cash if possable..if not the old ''plastic fantastic'' will do ...forget finance

Answer 6

its really good to go n buy a bike than credit card or anything.

Its all one time investment

Answer 7

no shopkeeper will sell u a bike with a credit card. secondaly if u want to buy with a credit card and pay to the credit card company in instalments you will be paying at least 3% interest every month, that means 36 percent per annum. if u get it financed the interest rate would be hardly 11 % per annum

so, now u make up your mind as to what u want to do

Answer 8

Two wheeler finance! Never trust the credit card wallas!

Answer 9

it depends, are you getting a used bike or new? if you're going new then financing thru the dealer/manufacturer is usually the better way to go however... if you are going used look at the rates you're charged on your credit cards versus the manufacturer's interest rate - dealers usually won't fiance a used bike and will encourage you to go with manufacturer financing which pretty much means getting a credit card thru the manufacturer (ie Honda credit card) and the interest rates on those suckers can be really high therefore making it a wiser decision to put it on your own credit card given that the rate is in-fact lower.