First week with Norge - Reflections/Observations (starts end of pg 4)

[kingoffleece]

Fair enough.

[Huzo]

Here's one that's been worthwile

[bettythebear]

Llooks like the deal isn't going to happen after all. Even with phenomenal credit, my stagnant state worker wages are keeping the credit union from giving me the cash. For anyone interested, the Vegas dealer accepted a cash offer on the bike of $10,600. I was looking forward to a shiny white bike.

[Bonaventure]

Llooks like the deal isn't going to happen after all. Even with phenomenal credit, my stagnant state worker wages are keeping the credit union from giving me the cash. For anyone interested, the Vegas dealer accepted a cash offer on the bike of $10,600. I was looking forward to a shiny white bike.

They financed me through MB Financial on the Stelvio and still took money off the advertised price, seems to be their go-to bank.  Maybe see if they can get it done with MB.
 

[bettythebear]

I wish the credit union treated out of state dealers the same as they do in state ones.

[Kiwi_Roy]

Can you get a local dealer to pick it up for you, I did that once on a new car, didn't like the dealer so I went to one I know, they picked it up, same price.

[KiwiKev]

Llooks like the deal isn't going to happen after all. Even with phenomenal credit, my stagnant state worker wages are keeping the credit union from giving me the cash. For anyone interested, the Vegas dealer accepted a cash offer on the bike of $10,600. I was looking forward to a shiny white bike.

Is that the same CU that was robbed by the crazy HD buyer the other day ? They may be a tad jittery following that episode?


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[craigclu]

The dealer makes some kick-back from the financing firm they're connected to.  They will quite readily deal with the issue, I am certain.  I bought a white 2014 on a similar deal last year (through AF1 in Texas).  I had them put a top case on prior to delivering.  Kinda wish I would have thought of having spare key(s) made before shipping, too.  It's more complicated after the bike is at your location but I'm a large distance from a dealer and that not affect you.




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[bettythebear]

Thanks for the tips. I'm trying to jump through the dealer's system as we speak.

I wish AF1 would run specials that were anywhere close to as good as this one. Although they are doing free tire installs with tire purchases from them on the 2nd Thurs of every month now.

[Darren Williams]

BTB, if there's any way to swing the deal, get it done.  10 years from now you won't miss the extra money as much you will the miss the enjoyment you would have had with the new bike.

Here's to hoping you get many wonderful miles and many smiles on that new bike!   

[Kent in Upstate NY]

Buy the bike with dealer financing. Bring it to your home state and refi through your CU.

[dxhall]

That's the best Norge price I've seen.  Post if you don't do the deal. 

[Bonaventure]

The dealer makes some kick-back from the financing firm they're connected to.  They will quite readily deal with the issue, I am certain.  I bought a white 2014 on a similar deal last year (through AF1 in Texas).  I had them put a top case on prior to delivering.  Kinda wish I would have thought of having spare key(s) made before shipping, too.  It's more complicated after the bike is at your location but I'm a large distance from a dealer and that not affect you.

^^^ This ^^^

Guarantee you they likely get a perk for throwing loans to MB Financial.  Not a hiccup at all in my financing process although their state requires orig signatures so they PDF you the credit app from MB Financial and you have to print it out go over it on phone with finance mgr then mail it to them.  Sent mine in by certified mail w/ tracking number since it was packin' my ssn and personal info inside.  You'll get this deal done, and I bet at the same terms as your credit union was offering. 

[Darren Williams]

Any word? We're pullin' for ya!

[rocker59]

Buy the bike with dealer financing. Bring it to your home state and refi through your CU.

Why refinance?

[Gusable]

Why refinance?

Credit union in my experience always has better interest rates. 2014 Honda financial loan was 13%. Year later at CU 3.99!!  My financial status was the same

[bettythebear]

I'm just waiting on the final approval at this point. I was surprised to find that the bank the dealer uses is only about .5% higher than my local credit union. I'd still refinance when I can just to keep everything neat and tidy in one place.

[rocker59]

Credit union in my experience always has better interest rates. 2014 Honda financial loan was 13%. Year later at CU 3.99!!  My financial status was the same

You got hosed on that Honda deal.  Last motorcycle I financed at a dealer was in 2015 (in Texas with Freedom Road Financial).  Interest was 5% and the dealer apologized that it was "so high". 

[bettythebear]

Hondas financing might be that type that's really a credit card in disguise.

[aftCG]

You got hosed on that Honda deal.  Last motorcycle I financed at a dealer was in 2015 (in Texas with Freedom Road Financial).  Interest was 5% and the dealer apologized that it was "so high".

My credit isn't even very good and I got 5% from a CU I had used previously.

RE: Honda credit (card).  Yamaha does the same thing.  A friend of mine bought an FZ09 and was about to use the Yamaha deal, but his wife read the details.  One late payment and the rate blows up just like an over limit credit card.  He went down the road to their CU and brought back a check.

[ITSec]

Speaking as a former salesman/finance person at a motorcycle dealer on the topic of where and with who to finance...

We offered a variety of finance options, including ones from specialized finance outfits (Sheffield, etc.), traditional banks, and two local credit unions. If the buyer qualified under CU rules (residency, credit and income, etc.), they always got a better deal - a cleaner contract and better rates. I can't count the number of new CU members I created. The CUs were also usually much faster in decisioning an application, even if they set conditions for additional docs or proof of income.

The banks offered fair rates, but a bit high - and qualifying was rough. I almost never wrote one of these unless the buyer already had a relationship with that bank. Not a last resort, but usually not best for the customer.

The specialty finance companies (those with a manufacturer tie-in or who were big on powersports) were usually higher rate, more convoluted contracts, and so on. They would underwrite loans that others might not, in terms of both credit rating and special conditions (i.e. out-of-state buyers, etc.). I frequently suggested to buyers who used these sources that they should look at moving to a CU once they had established a payment history or returned to their home - and I wouldn't write a loan if there was a pre-payment penalty (which used to be common, thankfully less so now).

Not only am I not a lawyer, I'm not a financial adviser - but I can say the customers I placed with CU loans were happier with their loan and with their bike - and with their buying experience.

[Bonaventure]

Speaking as a former salesman/finance person at a motorcycle dealer on the topic of where and with who to finance...

We offered a variety of finance options, including ones from specialized finance outfits (Sheffield, etc.), traditional banks, and two local credit unions. If the buyer qualified under CU rules (residency, credit and income, etc.), they always got a better deal - a cleaner contract and better rates. I can't count the number of new CU members I created. The CUs were also usually much faster in decisioning an application, even if they set conditions for additional docs or proof of income.

The banks offered fair rates, but a bit high - and qualifying was rough. I almost never wrote one of these unless the buyer already had a relationship with that bank. Not a last resort, but usually not best for the customer.

The specialty finance companies (those with a manufacturer tie-in or who were big on powersports) were usually higher rate, more convoluted contracts, and so on. They would underwrite loans that others might not, in terms of both credit rating and special conditions (i.e. out-of-state buyers, etc.). I frequently suggested to buyers who used these sources that they should look at moving to a CU once they had established a payment history or returned to their home - and I wouldn't write a loan if there was a pre-payment penalty (which used to be common, thankfully less so now).

Not only am I not a lawyer, I'm not a financial adviser - but I can say the customers I placed with CU loans were happier with their loan and with their bike - and with their buying experience.

Timing is everything it seems, just the other day I got a promo mailer card from a local major credit union offering "bring your loan to us and get up to 1% cash back of the loan amount, plus a great low rate..." on auto loans.  Probably check into if they offer that on bike loans.  Did check their website and their bike loans for the same term are about half the APR as what I got from MB Financial...  I'm going to do it probably, if the dag-gone bike ever arrives.  Still waiting.   

[Bonaventure]

I'm just waiting on the final approval at this point. I was surprised to find that the bank the dealer uses is only about .5% higher than my local credit union. I'd still refinance when I can just to keep everything neat and tidy in one place.

Depending on which direction you are from the dealer, the transport co may be holding my Stelvio until they can pickup your Norge if we're the same direction for them.  They picked up my Stelvio last Wednesday and took it to their (transport co's) terminal or whatever and are supposed to contact me with an estimated delivery date once they get final routing of the 18 wheeler planned.  Hope dealer expedites your approval 

The transport co is a division of the same company that transports Harley Davidson's from the Milwaukee factory to dealerships, so they know what they're doing, no worries there.

[bettythebear]

Bonaventure, there's a pm coming your way.

[bettythebear]

Well, now I'm just waiting for it to ship, could be a few weeks until I get it sounds like.

Regarding break in: I'd like to ride it to the GRiT rally this year. Should it be ok to do a 600mile round trip with passenger/gear during the break in period?

[Kev m]

Well, now I'm just waiting for it to ship, could be a few weeks until I get it sounds like.

Regarding break in: I'd like to ride it to the GRiT rally this year. Should it be ok to do a 600mile round trip with passenger/gear during the break in period?

Congrats! Enjoy!

I think most here would say absolutely fine.

A few might only suggest that you don't drone on the highway at one particular rpm for extended periods. I would certainly say that.

[bettythebear]

Congrats! Enjoy!

I think most here would say absolutely fine.

A few might only suggest that you don't drone on the highway at one particular rpm for extended periods. I would certainly say that.

That's what I'm thinking, too. The route I like to take is all 65mph or under, and has lots of back roads and small towns. I'm going to try and ride it as much as I can in that initial lower rev range as soon as I get it.

The even better news is that it looks like my gf is going to buy my v7 after all, so I'll still be able to ride that one as well when I feel like it.

[Texas Turnip]

Well, now I'm just waiting for it to ship, could be a few weeks until I get it sounds like.

Regarding break in: I'd like to ride it to the GRiT rally this year. Should it be ok to do a 600mile round trip with passenger/gear during the break in period?

Yes. I don't know why some baby the damn bike during so called break-in. With the Breva I left MPH at 11:00 am and was back the next day at 1 pm with 1,000 miles on it. Mike pulled up top speed of over 100. I've done my break-in this way on many new Guzzis and then put on over 100k with no motor problems.

Be good to see you in Lindale. Beaver is making your youngest rider award. LOL

Tex

[bettythebear]

Yes. I don't know why some baby the damn bike during so called break-in. With the Breva I left MPH at 11:00 am and was back the next day at 1 pm with 1,000 miles on it. Mike pulled up top speed of over 100. I've done my break-in this way on many new Guzzis and then put on over 100k with no motor problems.

Be good to see you in Lindale. Beaver is making your youngest rider award. LOL

Tex

Haha! The one I have already sits in the living room and gets laughs from my gf all the time. There's a good chance she'll ride her own to the 2018 rally, and I'm sure she'll be in the running for it at the ripe old age of 30.

[John Ulrich]

What?......two young owners at the same rally and ladies even!  The old men in red suspenders might need resuscitation!