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How did you pay for grom?

This is a discussion on How did you pay for grom? within the Grom How-To's and Guides forums, part of the Honda Grom Forums category; Did you finance it? Or buy it cash? Just curious. Haven't made it that far yet. Hope to have almost all the cash for it. ...

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Thread: How did you pay for grom?

  1. #1
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    How did you pay for grom?

    Did you finance it? Or buy it cash?
    Just curious. Haven't made it that far yet.
    Hope to have almost all the cash for it.
    Thanks


    Go honda red!'

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    PAgrom's Avatar
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    The only way straight cash...


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    next in line.. probably jan until I get mine

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    GromTactical's Avatar
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    30 year mortgage.


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    FXCLM5's Avatar
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    dont finance toys, if you cant afford it just save up till you can

    the only thing you should ever finance in your entire life is your home, and job related expenses like a work truck tools shop equip etc.

    run the #'s if you finance the grom, if you make the minimum payment, you will prolly end up paying like $5-6k for your grom when its all said and done - and if you finance, the bank who owns the bike will make you have full coverage on the bike (to protect their investment)

    if you cant pay for it outright - just save up until you can, ppl who tell you to finance a bike to build credit is retarded, you can build credit easily by making payments on your credit card, you dont need to open up extra debt to increase your credit score.

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    Cash $$$$

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    Quote Originally Posted by FXCLM5 View Post
    dont finance toys, if you cant afford it just save up till you can

    the only thing you should ever finance in your entire life is your home, and job related expenses like a work truck tools shop equip etc.

    run the #'s if you finance the grom, if you make the minimum payment, you will prolly end up paying like $5-6k for your grom when its all said and done - and if you finance, the bank who owns the bike will make you have full coverage on the bike (to protect their investment)

    if you cant pay for it outright - just save up until you can, ppl who tell you to finance a bike to build credit is retarded, you can build credit easily by making payments on your credit card, you dont need to open up extra debt to increase your credit score.
    This is the most idiotic blanket statement I've ever seen.
    Much like your "real motorcycle" theory...
    You obviously don't know shit about credit then...
    No one says you have to make min
    payment. You can pay it off I'm a year after putting down 1/2.
    Its still adding to your credit payment history. So maybe your the retarded one.
    I may enough money to buy 10,000 groms and have a pretty good credit score. Guess what? It's still more intelligent to finance it. Period. Who gives a shit if you pay a couple hundred in interest.
    No one gives a damn how much $ is in
    your pocket. In the end of the day my signature accounts for far more then your pocket change.

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    [QUOTE=Grom'n-BR;54675]This is the most idiotic blanket statement I've ever seen.
    Much like your "real motorcycle" theory...
    You obviously don't know shit about credit then...
    No one says you have to make min
    payment. You can pay it off I'm a year after putting down 1/2.
    Its still adding to your credit payment history. So maybe your the retarded one.
    I may enough money to buy 10,000 groms and have a pretty good credit score. Guess what? It's still more intelligent to finance it. Period. Who gives a shit if you pay a couple hundred in interest.
    No one gives a damn how much $ is in
    your pocket. In the end of the day my signature accounts for far more then your pocket change.[/


    Did u may or make ? with all that money u don't have spell check !!
    Grommel and grewen like this.

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    LateNA's Avatar
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    Actually, I financed over $1,700 of my Grom and am paying less than $60 in interest over the life of the loan (24 months). So actually, if you are able to invest your money so that your return on investment is higher than your interest paid, it would be wiser to finance your Grom rather than pay cash.

    I am one who uses credit and financing as I am always looking to improve my credit score even though I have the cash to purchase those items. You can't eventually finance that home if you never use credit. Logic is flawed. You can build credit by paying on your credit card, a revolving account, but they also like to see installment accounts on your credit history.

    Long story short, do your own research about how to build credit and use financing. Don't take my word for it, or any other random person.
    Last edited by LateNA; 02-02-2014 at 02:51 PM.
    Hahaha what crime? He was paid n then shipped the parts... It's unethical not illegal. It's how the gov't operates, it's corrupt. It is what it is. He'll get paid when I feel like it...

    The end

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    GromTactical's Avatar
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    Quote Originally Posted by FXCLM5 View Post
    i ran the number and I prolly can't afford the Grom. So I'm fixing to buy me a couple of those Chinese copies. When your looking for a real motorcycle, you only need to no one thing: by a used won. Their the best. You just need to no wear to look and were to by it. Dont fine nance. Pay weather you can a Ford it or nut. I yam typing this on a 'puter I paid for with CASH. Pentium in theyre. I don't know how much you have in you're checking account, but keep saving.
    Same old story from the peanut gallery.


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