eBay Motorcycle purchase? - BMW Luxury Touring Community
 
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post #1 of 5 Old Feb 23rd, 2006, 8:35 am Thread Starter
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eBay Motorcycle purchase?

I have a friend who is looking to purchase a Mortorcycle on eBay. He's a little confused on how to go about payment and financing. The bikes out of state and he will need to finance. The banks won't touch it since it's an eBay transaction. Any ideas?

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post #2 of 5 Old Feb 23rd, 2006, 9:27 am
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Capital One Finance (the Capital One Credit Card people) have different loans (interest rates) based on if you buy from dealer or individual. You can complete an application on-line and they send you the check. The loan is more based on your credit than who you are buying from.

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post #3 of 5 Old Feb 23rd, 2006, 10:29 am
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FWIW, I bought mine from a dealer with my credit card(trade-in + extra). Then came home and applied for one of those 0% cards (from a reputable company) and got the balance transferred. Now, I can pay off the bike on 0% interest over the next year.

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post #4 of 5 Old Feb 23rd, 2006, 10:42 am
 
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he can take out a home equity loan and cut a check against it. that way the interest he pays is tax deductible.
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post #5 of 5 Old Feb 23rd, 2006, 8:01 pm Thread Starter
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Thanks guys....I'll relay the info. Hopefully one of the responses will meet his needs. The guys an 0-6 Colonel in the AF. He should be able to pay cash for the thing???

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