VFR800 white ABS,06 ,should i take it?

Hi Every body,

I kindly need your expert opinion,i recently found a white vfr,06 with ABS,new from the dealership.According to the sales person it was used for a few demo rides,it has about 400kms on it. The MSRP is 12,500+tax. Im trading in a cbr125r,the trade in price is 3400CAD.Now the deal they gave me,since i cant pay it cash, is 130CAD Biweekly x5yrs,rate is 4.9%,Should i take it??
My other question,how much should i pay for insurance?im in ottawa ON,M2,with 1yr experiance and im 33.

Thanks guyes and awaiting your reply.

 

seems a bit high IMO you will have paid over 15k + your trade!! save your money look for a used one saw a niceyellow 5gen on ebay sold for just over 4k. you have all winter to look, you will probably get a better deal on a 07 in the spring anyways. also look in the US
good luck

 

Chomper is a wise person. To me motorcycles are great toys...and should be purchased outright with no payments, including insurance.

In the U.S. we have a tendency to get into debt way over our heads, probably due to the fact that we seem to have the need for instant gratification.

Save...save...save. Cash is king!

 

Get your calculator out and add it up, it comes out to $19,000.00 including your trade. That seems a LOT high to me , but what do I know.

 

I don't know the Canadian conversion but it seems way high to me. I bought my 06 off ebay for $7500 out the door price from a dealer, brand new with 15 miles. I would shop around. My insurance runs $572 a year, I'm 37.

 

WOW!! what a great deal .........honda .ca (honda canada) website lists 08vfr abs MRSP @14699, honda US @ 11799 same model! with the loonie slightly ahead of green back no wonder why canadians are linning up at the boarder!! why are canadians getting gouged!!! Buy in the US!! if enough of us do maybe they will get the message. Honda canada even tries to justify why you should buy canadian on their web site BS

 

My bad, My bike is NOT abs. I think abs models were $1000 or so higher.

 

Do not do it! this bike is worth no more than $10,000, just paid $12,200 for an '07 anniversary red-white-blue demo in Mtl:smile:

plus, you can finance thru Honda an '07 from 1.9% for 24 months, 2.9% /36, 3.9% /48-60 so.....:biggrin: AND 2 years warrenty !:wink:

That is why i bought in Canada instead of the States, just financing on a personnal loan at 9-10% would have eaten the difference and more in purchase price....





30th anniversary Trans am conv 6sp
2005 Mustang 4.0 5sp coupe Legend lime (sold)
2007 Honda VFR-800AT
1983 Honda CX650-Turbo 2 cyl inj.
1997 Aurora 4.0 V8 250hp Autobahn

 

Your dealer must be drunk!! After including your trade, I come to 20,300!!!! Are they CRAZY??? I'd buy an older, cheaper one for cash after selling your trade-in bike. Let me recheck my math...
....130 bi-weekly = 130 x 26 = 3380 per year
....3380 x 5 years = 16,900
....16,900 + 3400 (value of trade in bike) = 20,300 = TOO MUCH!! (about 10G too much.) Did I misfugure?

 

I am new to this forum also and looking for a VFR, the problem? You guys aren't selling them,...haha. Maybe I'll find an early Xmas present somewhere.

 

Sorry, just had to repeat what I feel is no-brainer advice.

 

Hey PorsheBob, Have you been listening to Dave Ramsey? :wink:

 

It's weird that there are 130 payment of $130 each, but at 4.9%, the present value of that loan is $13,092, taking the time value of money into account i.e., today's value of the future payments discounted at 4.9%.

Add the trade in, and that means you're paying $16,492. If you're buying this in Ontario, your before-tax price is $16,492/1.14 = $14,500.

The MSRP of the 2006 is CAN$14,399 for the ABS model. So, you'd be paying more than the MSRP. I wouldn't do that. :nono:

http://www.honda.ca/MotorcycleEng/CurrentModels/Config.htm?model=VFR800FIA6&year=2006

 

keep your eyes on autotrader.ca over the winter! i picked up my 03 800abs with only 1900km for $8000can! as for the insurance-no idea! i pay $900/yr yet i'm 36 and have been riding for over 7 years.
good luck!

 

http://www.trader.ca/search/Results...RowCount=&mknm=-1&mdnm=&subcategory=-1&CAT=4#


try this link. there is an 05 (new) for 10000can.

 

i just bought mine 2 months ago and it was a left over from 04 (04 VFR800A4- red) and i paid 10500 OTD with a helmet and 2 years warrenty, i think i got a great deal? this is something you should be looking for if available!