Tips On Buying New Motorcycle
You’ve made up your mind and you have finally decided to buy a new motorcycle! What a thrilling time this can be especially when you go into a dealership with a little bit of knowledge! It is important to know what you want, and to make sure your motorcycle fits your needs. Do your homework and understand completely what you’re looking for before you talk to a salesperson. Remember the dealer is in business to think money and he will try and make at least 10% profit on your sale. Some of the more common fees are set-up fees, documentation fees, destination charges and taxes. It is difficult sometimes to find out what a dealership’s profit margin is, but it is somewhere between 5 and 15%.
Also know that the salesman will always try to sell you extra items including an extended warranty and all the accessories, because, as you may well know, the dealer makes money on this as well. You may not want any extras and if so, don’t let a salesman talk you into anything you don’t want.
If you are doing a trade-in, remember to do your homework. Try keeping mind that the dealer always wants to make at least 10% profit on each deal, so doing your homework means you may be able to talk them down quite a bit.
Most dealers like cash deals, however, if you are financing try to put down a good portion of that in cash. You may want to use a personal line of credit or get a pre-approved loan from a lending institution before approaching a dealer. Some dealers may have low percentage loans they can offer you on certain models, and this may definitely influence your decision.
