buying an atv
 

just was wondering how you guys go about buying an atv, i have bought used atvs up to 2000 dollars and jus paid cash for them but im wanting to get a newer one that i might beable to use to make some food plots, do you guys pay cash for a 5000 dollar atv take out a loan or do you woek something out with the dealer if so what route is the smartest to do i really cant save up 5000 grand so im thinking some type of pament plan

RE: buying an atv
 

If you're going to make payments, you may as well buy a new machine IMO. That way you can get the special financing packages they offer. This time of year a lot of dealers still have 07 model quads that they're trying to move out for the 08 models, so you can get the 07 models for a lot better prices.

RE: buying an atv
 

well i was looking to get something new but was wondering what was the wises way to go about getting it or paying for it i heard that alot of these atv dealers real you in with a great low payment but then in a year or so you payment sky rocket and they dont tell you about that

RE: buying an atv
 

The wisest way is paying cash down. But if that's not possible, do a little research to figure out how to get yourself the best financing possible. The ATV manufacturers usually have detailed information about their financing deals on their websites. Also, you could look into taking out a loan. A little number crunching will let you know which route is ultimately going to be the cheapest.

If you do want to buy a used machine, I think taking out a loan is your best route. That way you aren't restricted to looking for machines from dealerships only.

RE: buying an atv
 

Getting a loan and paying if off on time (or better yet early) will aid your credit rating. Certainly do your legwork first regarding the loan details. I prefer simple interest loans that allow prepayment early without penalty. That way I can make extra payments or pay the whole thing off early and save $ on interest. Low % finance loans are out there if you dig around and qualify. Good luck.

RE: buying an atv
 

Read the fine print.Allot of these no interests or low interestfor 12 months,36 months ,etcare fineas long asyou pay it off within thattime period. The interest accruals and if you go over the one year or whatever the no interest was for all that interest that accrualed is added to your payments.What I would do if I were in your position is save as much as I could up.You see advertisments all the time for a low interest for so long.Put your down payment on it and just make sure you get it paid offwithin that time period.Other then that be prepared to grab your ankles

RE: buying an atv
 

I recently purchased an ATV. Paid cash (saved up). However, if I were buying one and was in your position I would do as stated above......Pay cash down and then figure out what you can afford to pay per month, try to get your payment below what you can pay a month and pay more than your payment amount (this takes discipline and sometimes is hard to do). Best thing is pay money down, get lowest rate and pay more than your monthly payment to pay it off early and avoid the interest rate hikes. Best of luck to you. Dont get caught up in the low payment/long loan term rut!