GE Money

[blitzcraig]

not sure where to post this... but here we go. does anyone finance their bike through GE Money? i'm trying to give them a ring but don't have my statement handy that has the phone number on it. i can't find it ANYWHERE online, and the phone numbers on gemoney.com aren't the right ones. just thought i'd see if anyone may know that # please! :thumbup:

 

[staticghost]

not sure where to post this... but here we go. does anyone finance their bike through GE Money? i'm trying to give them a ring but don't have my statement handy that has the phone number on it. i can't find it ANYWHERE online, and the phone numbers on gemoney.com aren't the right ones. just thought i'd see if anyone may know that # please! :thumbup:

Here you go buddy.
GE Money USA: Personal - Contact Us
Please be warned. Do not finance your bike thru them unless you are going to pay your bike off really fast. Its like a credit card, they will give you a credit card loan and give you a fixed APR rate depending on you credit. Once you get your first statement you finance charge will be thru the roof. They charge you a daily anual procentage, so for example if they give a fixed montly payment of $120 you will be paying close to $73 a month just in finance charges if your bike finance loan is close to $4800. I had them and I had to close them out with a another zero percent credit card so I don't waste money. Customer service is horrible, if you want to change anything like a payment date they will not allow you to do so.
I am highly recommend you of not doing it like this. Get a loan thru a dealer or a bank and you will save a ton of money.
Hope this helps.

 

[blitzcraig]

thanks man, oh dude i know. i think i got partially screwed by the dealer. i wanted to put a few grand down and the guy was like no! no! you don't want to do that, why would you want to do that? keep your money for now! bought it last April and my year end statement reflected $600 in finance charges. i was writing checks for $200 a month and on average $120 was going to principal and the rest to interest. just sent them what i got back in taxes this year so my balance is less than $2k now. the finance rate was based on what balance i had left, so it's now gone from a couple bucks a day to less than one. so it makes it a little more bearable to hold on to the loan, but goal numero uno is to pay it off ASAP. got a little screwed in the end, but i'm thankful i was able to put a stop to it. :thumbup:

 

[staticghost]

I hear ya man. Almost same situation for me as well. But am glad that we both got out of the S H I T Z hole... :rockon:

 

[Rando]

This is why I won't be upgrading from my 30+ year old CB750 for at least six months. I refuse to buy another bike until I can pay cash.

 

[Gilo-FZ6]

move to the UK... 3.5 year finance @ 0% and only £1 deposit from yamaha