Can i pay a Motorcycle dealer bit by bit - No finance?

stamina9008

Hi, im wanting to buy my first big bike, preferably a CBR600 or a Hornet 600f, im looking to spend around £2500 but am not able to get a loan due to a credit score of 306 and some past defaults.
My question is; Can i say, pay a dealer £1000 up front and then give them roughly £750 over two months getting me to the £2500 mark?
You know, i'd have to get a receipt after the initial payment clarifying how i intend to pay so that they dont just keep my money but i've never heard of people paying like this but then im a bit simple.
Would dealers accommodate this sort of arrangement, have you heard of it?
Anyways please respond, and have a nice day.
Jake
ps - This is a United Kingdom question and im not great at saving money but when i do get it id feel better giving it to the dealer to secure a purchase and to know that im not spending the money somewhere else and on something else..if you get what i mean..

zzzLazyDaisy

Many years ago, when credit was much harder to get than it has been in recent times, it was very common for a shop to take a deposit and put the item on one side until the customer paid it off. I bought my first moped that way, paying a bit off each week until it was paid for, and then I rode it away.

I don't know if shops still do this. I suppose the other way is to open a savings account and buy the bike once you've saved the money up.

KillerWatt

I can't imagine there is a dealer in the world (let alone the UK) that will give personal credit to anyone other than personal friends/family - especially if that person fails a credit check in the first place.

You may find a dealer that is prepared to take instalments and keep the bike in the shop until it is fully paid for, but I can't imagine there being too many of them either.

Just out of curiosity, what have you been riding up until now?

stamina9008

Thanks for the reply.

Nothing, this will be my first big bike and i'd prefer that we didnt talk about alternative options for a first bike but you said that their might be some dealers that will consider this option..
I suppose i'll have to ask around.
Thanks

KillerWatt

You haven't ridden anything and you are going for a CBR 600 as your first bike? :eek:

My advice to you would be to pick something slightly more sedate, but if you are going to go ahead then I would advise you to treat that right hand grip with respect - because if you don't then it will bite you in the backside big time.

I wish you luck in finding a dealer that offers personal finance.

stamina9008

What do you think would be more sedate?
My DAS instructor advised me on a CBR600, he said that they're a forgiving bike yet they have the power that i'll require in the future..
What about a GS500?
I quite like those..
I dont want a 250.
Please reply, im guessing you know alot about bikes, obviously more than me!

KillerWatt

stamina9008 wrote: »

My DAS instructor advised me on a CBR600, he said that they're a forgiving bike yet they have the power that i'll require in the future..
What about a GS500?

Your instructor was spot on regarding the CBR being somewhat forgiving, but it will have you if you decide to "over egg" the mix.

I would say that a GS500 would make an ideal first "big" bike to find your feet and gain experience. They make more than enough horses for you to have fun and potentially kiss your license goodbye, weigh next to sod all so very easy to handle, and they are very low maintenance thanks to the simple design.

stamina9008 wrote: »

I dont want a 250.

I don't blame you, I wouldn't want a bike that makes less horses than the starter motor on my Z1 either

stamina9008 wrote: »

Please reply, im guessing you know alot about bikes, obviously more than me!

I've been riding since the age of 9, I know that was a late start but my mum objected to my dads plans for 4 years. I'm now 45, and if I don't know enough at this point then I never will.

If you have any other questions, feel free to ask.

stamina9008

Wow!
You've got alot of experience, im 27 and all i've ever driven is cars apart from the odd flirt with a Scooter but after doing the Direct Access i'll probably never drive a car again!
I just wish i'd picked up a bike earlier so that i'd atleast know something germane to biking in general but i couldnt be more keen or excited!
Thanks for responding mate, and i probably will opt for the GS500 (preferrably fully faired) seeing as it was the bike i learnt on, also, it's cheap so when (not if) i drop it i'll be able to not feel so bad.
I passed my test about a year ago and havent been on a bike since, would the police get funny if i wanting to practice slow manoeuvres in a disused car park?
Thanks.
Plus i intend to be a safe rider, i never speed in cars so im looking to transfer that over t bike riding, i just want it for cruising in the summer and getting from A to B.
I'd rather live than die and i'd rather a licence than no licence.
One other thing, whats high mileage for a 1995-2003 GS500, ive seen some with 30/40k on them, is that a worry?
Thanks man.

Hintza

OP DO NOT give money to a dealer as part payment (is it not called layby?) for future delivery. With the best will in the world even the soundest (looking) firms are going bust at the moment.

If you need to open a savings account do so and pop the money into that until you have enough.

If you want him to order/hold a bike for you then pay a reasonable (small) deposit.

KillerWatt

stamina9008 wrote: »

Wow!
You've got alot of experience,

It's called getting old, you'll be wearing the same boots one day

stamina9008 wrote: »

im 27 and all i've ever driven is cars apart from the odd flirt with a Scooter but after doing the Direct Access i'll probably never drive a car again!

That puts a slightly different slant on things, I was under the impression you hadn't been on the road at all.
As you already have some driving experience, you are already halfway towards successfully staying in one piece.

stamina9008 wrote: »

I passed my test about a year ago and havent been on a bike since, would the police get funny if i wanting to practice slow manoeuvres in a disused car park?

I can't see how any copper could object to you practising before going back out on the road after a 1 year abscence, that is simply common sense.

stamina9008 wrote: »

Plus i intend to be a safe rider, i never speed in cars so im looking to transfer that over t bike riding,

You won't want to ride out with me then, I'm a throttle happy loon when the right conditions present themselves

stamina9008 wrote: »

One other thing, whats high mileage for a 1995-2003 GS500, ive seen some with 30/40k on them, is that a worry?

Back in the day (the early eighties to be more precise), the GS range of engines (and the Kwaka Z range) were not considered to be worn out until they had 100K on the clock.
We have advanced considerably since then, so I would say providing the machine has been looked after and serviced on time then there is no reason to be concerned about what is now considered low mileage.

zzzLazyDaisy

Hintza wrote: »

OP DO NOT give money to a dealer as part payment (is it not called layby?) for future delivery. With the best will in the world even the soundest (looking) firms are going bust at the moment..

Actually, that's a very good point. A couple of years ago I left £100 deposit with a solid local computer company to build me a desktop to my specifications. I'd dealt with them for years and they were well known in our small town, they'd even been out to my house when I had a problem with my wifi and didn't charge. So I had no reason to have any doubts.

That was on the Friday. On the Monday I noticed their shop wasn't open and on the Tuesday it was boarded up. They'd gone bust and disappeared without a trace. They obviously knew they were going to do a runner when they took my money. Unfortunately I didn't pay by credit card because their system was 'down' that day......

Fingers burnt, lesson learned!