Join Date: Nov 2012
Location: Toronto and London UK
Bike: 09 R6
Re: Private Payment Plan?
No payment plans go interest free.. and 1,000 over asking price on a year loan is massive interest.
With out knowing you asking price A bank would roughly be...$ 8,000 over one year paid monthly at 8% is actually only $350.00 in occurred interest. Which works out to $705.00 per month.
So for your risk he is willing to pay a lot more. I wouldn't do it either way you look at it. You don't actually get the cash for the bike up front which is the point of selling it no?
and like so many others said, sounds like a scam.
If that was me I would pass...or keep the bike till its paid in full.
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Keep your Knees in the Breeze
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Last edited by LiveFastDieLast; 11-23-2012 at 12:09 PM.