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Old 11-23-2012, 09:30 AM   #21
Rriggs92
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Old 11-23-2012, 09:33 AM   #22
luke geis
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Re: Private Payment Plan?

4 words for you: It never works out.
and: Do not do it.
and: Don't be a fool.
and: Hell to the no.
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Old 11-23-2012, 11:06 AM   #23
LiveFastDieLast
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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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Old 11-23-2012, 11:18 AM   #24
natedogg624
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Re: Private Payment Plan?

Are you able to keep the bike until spring?

You're going to get a lot more bites in a few months when demand is high.

A bit hard to sell a motorbike with an impending winter storm coming.
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Old 11-23-2012, 11:24 AM   #25
Dewey
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Re: Private Payment Plan?

Quote:
Originally Posted by Pipelinz View Post
The only way I would even consider it is you keep the bike until payment is complete, then he gets the bike AFTER full payment has been made.
I've done this, make all communication through email, get a non refund deposit, tell him to make payments over a certain time frame and keep bike until its paid. Make him make all payments through certified cheque or money order.
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Old 11-23-2012, 11:25 AM   #26
Eric10301
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Re: Private Payment Plan?

Someone on the forum did this. Guess what happened. Dude totaled the bike then skipped town. Owner eventually recovered the bike but it was still a huge mess.
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Old 11-23-2012, 11:30 AM   #27
shad0ws
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Ultimately a bad idea. Always has been, always will be.

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Old 11-23-2012, 03:35 PM   #28
Romeo 6
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Re: Private Payment Plan?

1) why does he want the bike so bad to set up a private payment plan in winter?
2) if hes willing to go a 1000 over and pay off the bike by spring (so 6 to 8 months) then why cant he wait til spring an pay in full?
3) an 18 yr son of a lawyer with 2 jobs is highly unlikely
4) lawyer...i wouldnt sell anything to one of these unless it was up front money in hand and even then its sketchy. They know how to maniulate too well lol

Its a scam no doubt about it
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Old 11-23-2012, 03:54 PM   #29
Shush319
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Re: Private Payment Plan?

Here, you obviously need another hit off this:






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Old 11-23-2012, 04:02 PM   #30
TinyDancer
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Re: Private Payment Plan?

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