Honda CB500F finance

xboxdad

Hello,

I've an unlimited license, but the last time I owned a motorbike was in 1999, so I'm looking to get a CB500F for a start. It sounds like an ideal bike for the city (Dublin) and for occasional weekend trips.

Can you please advise me on the best financing options for this model?

Thank you.

D3V!L

Contact any of the shops that sell them. Most do financing.

Alternatively go to your local Credit Union if you're a member.

Rory28

xboxdad wrote: »

Hello,

I've an unlimited license, but the last time I owned a motorbike was in 1999, so I'm looking to get a CB500F for a start. It sounds like an ideal bike for the city (Dublin) and for occasional weekend trips.

Can you please advise me on the best financing options for this model?

Thank you.

If you're with AIB you can get a loan using the app. I was just testing it on my phone to see what i'd need to apply for the loan when it was approved and put into my account. 5 grand in a few seconds (country has learned nothing from the crash). at the time i bought a cbr500r which is a great bike and i think it uses the same engine as the cb500f.

xboxdad

Rory28 wrote: »

If you're with AIB you can get a loan using the app. I was just testing it on my phone to see what i'd need to apply for the loan when it was approved and put into my account. 5 grand in a few seconds (country has learned nothing from the crash). at the time i bought a cbr500r which is a great bike and i think it uses the same engine as the cb500f.

Thank you. Yes, I'm with AIB so I might do what you suggested.

listermint

Rory28 wrote: »

If you're with AIB you can get a loan using the app. I was just testing it on my phone to see what i'd need to apply for the loan when it was approved and put into my account. 5 grand in a few seconds (country has learned nothing from the crash). at the time i bought a cbr500r which is a great bike and i think it uses the same engine as the cb500f.

So you were messing with an app and AIB cleared you and gave you 5 grand in a few seconds.

I think there was a bit more to it than that.

Del2005

xboxdad wrote: »

Thank you. Yes, I'm with AIB so I might do what you suggested.

Look at the cost of finance before you go with any company. Our banks aren't generally doing good value for loans.

wonski

listermint wrote: »

So you were messing with an app and AIB cleared you and gave you 5 grand in a few seconds.

I think there was a bit more to it than that.

They do that if you are their customer.

Permanent tsb loans are approved online the same way.

Rory28

listermint wrote: »

So you were messing with an app and AIB cleared you and gave you 5 grand in a few seconds.

I think there was a bit more to it than that.

There really wasn't. Beyond logging in and filling out an online form that was it. You pick the amount you want and how long you want to pay it back for and hey presto. Money.

Del2005

listermint wrote: »

So you were messing with an app and AIB cleared you and gave you 5 grand in a few seconds.

I think there was a bit more to it than that.

Most people with a proven record of saving and deposits are pre approved for small loans by their banks. The banks like debt so give it out easy to their customers.

galwaytt

I had a look at PTSB online now, as I'm looking at a bike atmo, about €7k.

One thing I do notice is that they charge more for older vehicles: a 2012 vehicled is 9.9% whilst a 2018 vehicle is 8.5%

That's just dumb.

With PTSB, 7k over 3 years is €225/month. Total amount payable comes to €8119

With the local credit union, 7k over 3 years is €216/month. Total amount payable comes to €7810.

A saving of €309. Not much in it, but the CU is more flexible if you need to change things as they go along.

A pity you can't get the rates new cars do, from the dealers: e.g. Kia at 0%, VW at 1.9%, etc. Who wouldn't buy a new bike at those rates ?

xboxdad

galwaytt wrote: »

I had a look at PTSB online now, as I'm looking at a bike atmo, about €7k.

One thing I do notice is that they charge more for older vehicles: a 2012 vehicled is 9.9% whilst a 2018 vehicle is 8.5%

That's just dumb.

With PTSB, 7k over 3 years is €225/month. Total amount payable comes to €8119

With the local credit union, 7k over 3 years is €216/month. Total amount payable comes to €7810.

A saving of €309. Not much in it, but the CU is more flexible if you need to change things as they go along.

AIB works out right in between at 220 EUR / month. Not bad I think.