As a 55 year old motorcycle guy, when anyone starts telling me what they think I need to know, it usually ruffles my feathers a bit, BUT, I have learned a lesson on every thing you mentioned the hard way. I hope the younger guys watching pay attention. There is a lot of valuable info here. Great video.
The only thing in this one I find pretty dim, is... I live next to Maine ... there is NO helmet law.... I would rather someone finance a 100$ helmet with their new bike, than to roll out without one... Some helmets are cheap... if a dealer doesn't want a guy buying a new bike they are making thousands off of... Maybe they shouldn't complain if he wants to add a 100$ helmet... or give him one he can afford.. Wouldn't that be the thing to do instead of complaining someone wants to add a helmet on their purchase? Seems like a lot of judgement and not enough helping hands to me :P
@@TroyC68 About a year ago, my brother bought for my birthday, a modular... Hawk Blue Warrior... I happen to know he paid about 50 bucks for it with a guy who'd scared himself off the bike... Gear is TOO easy to get a hold of for the excuse to finance all the neatest, shiniest, and most fashionable BS instead of passing along a decent helmet, jacket, and chaps with EVERY ride that rolls off the lot... It's a scam to finance the stuff and YOU KNOW IT... If you didn't, you do now... There's no excuse... You shouldn't have to finance it, considering how much money the bastards make on the initial price of the bike sale alone. ;o)
@@gnarthdarkanen7464 my first helmet brand new was 75 and it was from the local H-D dealer... of course I didn't finance it... but the last thing I would do is try to shame anyone out of financing one and riding without... I know gear is easy to find.. I know bikes are... my shadow being a 1983 with 80k I got a 2002 SV 650S a few years back wit 2500 miles on it... for 1700$ ... know all about deals and I don't buy when I can't afford... but it's peanuts to think that someone should be looked down upon for doing it IMO... AT least they are wearing gear... without mine.. hitting the deer I did at highway speed would have killed me most likely... helmets save lives... don't be a squid even if you need to finance it....
Looking for a newer car ,and I'm hip . They are gonna love my trade in. 95 Nissan 200, rusted to shit and haven't changed the oil since '13. It's been my personal science experiment and I've done no maintenance in like 30k. Haha let them deal with it, it's bringing down my neighbor's property values 🤣🤣
@@MrTheHillfolk If it's in that kind of condition what makes you think they'll even consider taking it as a trade in? If it's not worth anything to them they don't have to consider it all. And I'm thinking they won't.
@@geoben1810 I'd get 500$ probably, that's what they usually throw your way. Either way ,I think it'll be more fun to take it to a buddies farm and give it the proper send off when it's time.
I'm 61 and have been riding off and on for 41 years. I love how when I walk into a bike shop and salesmen usually try and avoid a conversation when they see how old I am. I'm no psychic, but I'm going to assume they couldn't be bothered trying to hustle me into a big sale. Keep up the good work. You are making a lot of sense.
I agree with you I am 83 next Monday, and the sales team make a dash for me, when I remove my crash Helmut they loose interest. I was riding bikes before their grandad was born, Lol.
@@bwghall1 pretty interesting to see an 83 old man still talk like a young man hehe. Its a compliment! God bless to you guys and more great health to come!
Learn to understand how your bike works and how to work on your own bike. Take a class if you can. You dont need to become a Master Mechanic but I feel its important to at least understand how your bike and car runs so that if a breakdown occurs you have an idea of whats going on. Sometimes its nothing more than a blown fuse. But even if you cant fix it yourself an honest mechanic will appreciate that you understand what hes talking about. You can learn to do basic tune ups, change the oil, new plugs. Youd be surprised not just how much money that you can save you but what you can learn about how your engine is running too!
Don't even sign any contract to buy stuff you Can afford, without thoroughly understanding it - because you might pay more than you thought regardless of what the salesman says to you about it.
A very simple and rather basic example. Was the ancient definition of how one falls victim of slavery! Some of the most common were: - Captured during war. - Being born from slave parents! - NOT BEING ABLE TO PAY IT'S DEBTS! Nowadays a large portion of our societies. Tend to fall into the two last statements! Curious and somehow shocking detail, is that in so many cases people predispose themselves for the last one. On a volunteer basis!! Well, it's called consumerism society for some reason! Many simply don't understand who or what is being consumed! ;-) Stay "Free"
Got my first motorcycle 2 days ago a Kawasaki z400, when I first went to the dealership I talked to a salesperson told him I’d never ridden a motorcycle and he tried to get me on a gixxer 600 as my first ever motorcycle, good thing I did research and knew that was prob a bit too much bike for me to start out on
My first bike was a Ninja 500. Awesome first ride, It was plenty on the freeway, I could put my girl on the pillion, I loaded it and camped off it for 4/5 days... Way more bike than it's spec sheet would have you believe. I took a "step up" to a Ninja 650, the '06 model. It's a better mother and frame let down by ergonomics and weird suspension. Trying to get the seat low means the seat to pegs distance is SUPER cramped. I ended up putting some foam pads on the seat and bungeeing a sheep fleece over the top just to get my legs to stop cramping. It's a much "better bike" but it doesn't fit very well. When I finally get around to a next bike, it'll be something like a Triumph Tiger. I went to a triumph/ducati dealer and sat on everything they had, and the only bike more comfortable was the Multistrada.
More power to you fella. It's refreshing to actually hear a dealer giving a customer great tips on saving money on their next bike purchase. Respect Bro!
I've bought 2 motorcycles from Moto of El Paso (El Paso, Texas) using their layaway program. Paid them both off in leas than six months each, interest free.
@@slowerthansound I know, right? I remember seeing somewhere that only 27% of all Ducs are problem-free in their (first year). I don't recall the actual time/mileage, but 1 year works for me. I think it was on Fort Nine's channel.
Sean I’ve been watching your channel for years and years. It’s cool to see how your shop has grown and expanded and your company is succeeding. I really appreciate the efforts you go to to keep people informed about motorcycle selection and purchases. Life is still kicking my butt as far as disposable income but I genuinely mean this, SRK will be at the top of my list to search for a bike when I’m ready. And like you, this will be a cash buy which is part of why I’m still waiting. No need to take on unnecessary debt for a fun purchase. Stay safe and keep up the great work!
@@j.hetfield9422 OMG. Did you just type that. Apparently you don't watch his videos. And let me say this to you sir and remember I'm just saying. I have never seen a dealer anywhere make videos like his. Let alone be up front. Although dealers act like it. But I have purchased from other dealers and when something is not right they say as is no warranties. So before you go and say something negative about someone do some research on them. Clearly you don't watch his videos because if you did (as I have for the past 3 years) you wouldn't say that at all. I have seen this man give people their money back because they had a problem. Well I would believe Sean would make things right. He didn't get where he is screwing people over.
@@mosmotorcyclejourney9067 Being Christian doesn't mean he offers incredible deals. All dealers will sell their vehicles at higher prices than what they are worth. That's how they make money. A private seller is where you will get good deals. Which is one reason I prefer to buy any vehicle from a private seller. It's going to be cheaper and the private seller who has owned the vehicle for 3 years knows WAY more about the vehicle than the dealer who bought it last week and drove it twice. I completely trust that Sean is a very good dealer but I'd way rather buy from a private seller. You just have to know what you are looking for. Test everything yourself, read the type of person you're buying it from, etc.
@@rideroftheforce5245 you hit that 100 percent on the head. I agree with everything you said. I have been following Sean for years now and I have seen dealers screw people over. Not saying he doesn't but I do know he has returned money to some people because they were not happy with what they purchased. And that right there in my eyes makes him a better dealer then most. Dealers favorite line is as is where is and no refunds. But yes I have just purchased 2 1500 goldwings from private parties that I got way more cheaper then at a dealer. And they did go down on the price to where a dealer will not.
Having worked at various mainstream dealers, (Honda, Suzuki, Yamaha,BMW ) I was expecting to pick this apart but, it's all good information. Getting approved at bank before shopping can save a ton of money, but don't tell dealer you have 'X' amount or you will be spending all of it plus some. Most fun buy I ever did was checking there were no penalties for early payment, signing all the finance forms and going back the next day with cheque for total amount. Bank had 18 months zero percent interest for new customers so I ended up paying well below sticker price
I was offered an upsell from a dealership. I was buying an FZ600 in 1988 for $3300, but was offered an FZR400 for $4900. I balked at the idea of getting a smaller bike for more money, but in retrospect & should have gotten the FZR400. The dealer knew me & understood my needs (and bike ownership in general) better than I did, and the FZR actually outperformed the FZ in every aspect & became a rare classic, while the heavier, two-valve, air-cooled 600 was a quickly-forgotten parts-bin bike, albeit a decent one.
Sean, I’ve been riding since 1958 and I’ve NEVER EVER financed a Toy! If I don’t have the money for a Scooter, I agree with you, I keep saving until I do!! Thanks for your honesty and integrity!
Sean is a good dude. Ive purchased a bike from them and traded to them as well and for one of the first times in my life didnt feel like I was getting screwed by a dealer.
@@hacksaw4966 not someone being human and eating food 😳 boycott them!!!! They most likely dont get breaks. Salemen dont get breaks and if we do we dont make money cause we aren't selling Understand?
I got another thing, most motorcycle dealers wouldn't tell You. And that is the cost of maintaining the motorcycle. Some people buy a motorcycle thinking that it's very economical to run compared to a car. That is not necessarily always the case. Also, the warranty for a new motorcycle is about 1/3 the time and mileage of a new car warranty, and does not have extended warranty on the power train.
I was 20 in the Marine's. Financed a CBR 900RR, first real bike for 16% interest with all the gear. Broke every rule you just listed, but in my defense I didn't think I was going to live that long. My surprise still alive 35 years later but I did trade the bike in to the same dealer ship for way less than I could have got.
Been riding since the early 70's it's nice to see a young man that learned from his mistakes or listened to his dad . Could be Sean is just a smart kid, great video kiddo this should be recommended to anyone looking to buy from a dealer.
Crazy respect Sean. Most troubles people have are self inflicted. You’re giving great advice. 👍🏻🙏 I’ll be 70 in November and if after being mowed down by 3 drunk drivers and 2 legally blind Florida drivers I ever decided to get on a bike again, your shop would be my ONLY choice to buy from.
I'm 61 retired motorcycle technician and have been in the automotive truck and motorcycle industry for all my life. Service manager, service writer, warranty administrator and training from every manufacturer auto and motorcycle manufacturers. Everything that this man has said is straight up the whole truth. He covers the buying industry . "SOB" standard operational bullshit. The service department is a whole other side of the industry that is there to take your money. Its not as bad as problem with motorcycle service but the Automotive industry is the Worst! I'm glad to hear someone speak out on the atrocities that the sales management does trying to sell you what you don't need. Excellent video. Respectfully Mr. Nobody
I work at a small dealership. We try to recommend new riders smaller machines but everyone wants the 600 sportbike or a big cruiser. Trade ins tend to need some work. But it always dumfounds me when a bike is sold or traded because it needs tires!
"Save up and pay cash." "YOU WANT ME TO DELAY INSTANT GRATIFICATION LIKE AN ADULT?! RHEEEE!" I liked you already, you just shot up huge kudos points in my book. So hard to find honest dealers.
Yep-good stuff here. What drives me nuts is the reluctance to tell you the price of the bike. Website says click for quote, you give your info and they call and talk to you. 2 days later you still don't know how much they want for the bike.
--- was a Honda/Yamaha dealer ( Morgan City, Louisiana ) for 13 years - and did NONE of those things to my customers. The only 'In House" financing we offered was that from Honda and Yamaha - and discouraged using them - instead, we offered them a list of banks/finance companies that were motorcycle friendly ( this was in the 80s - early 90s and many banks and credit unions simply would not finance bikes ). As for trade ins, dealers really don't want them unless they are heavy into a used bike market - we weren't. Trade-ins are a PITA - you have to make TWO sales ( the new bike and the trade-in ) to complete the cycle and the trade-in was an un-known factor. I would take a trade-in, but told them upfront the only way I could afford to take it was to steal it - and they would be better off selling it themselves. Extended warranties - didn't offer them - not even the ones from the manufacturers. ALL extended warranties are nothing but "additional profit" for the dealer and the "warranty company" - what they actually are is an insurance policy - in order to even offer them in Louisiana, I had to become a licensed insurance agent by the state. You tell everyone how bad they and how they take your money, and then prostitute yourself out to one and make their sales pitch - for money. They are no better than any other, they just explain that what they are is an insurance plan. As for a salvage title, those are always a problem for somebody, and it is required by law that the buyer knows they are buying a vehicle with a salvage title. However, you can get some really sweet deals buying salvage bikes BEFORE they are rebuilt, and if you are knowledgeable and competent, can build some nice rides and save - esp. if you know you are going to drop it and scratch it anyway and don't care about paint perfection. What did I do as a dealer for my customers ? little things, like open the shop at 2 am on Sunday morning so they could get parts to get their bikes up and going because they had just crashed them and it was a race weekend. Or ride 45 miles each way to pick up a Goldwing from another state that the owner called you 5 minutes before the shop closed on Saturday ( 1 pm ) because they had just blown a tire: and then stay at the shop with a mechanic for 3 hours removing all the chrome and garbage to replace the tire. Or let the local ABATE chapter meet there on Weds nights because the local Harley shop wouldn't. Or show up at the shop on Christmas day to repair the front end of an ATV that a kid got for Christmas and his cousin just ran into a tree with. Not every dealer isn't a hard core biker first.
Good info Sean. My biggest hurdle at dealerships these days is knowing more about their products than they do. Now, I am an enthusiast and like to learn about all different styles and brands of bikes. No reason a salesperson should not know the basic specs and features of their bikes and their competitors. It is a widespread issue in my experience. It doesn’t keep me from buying because I do my research and know what I’m buying. It’s just annoying and lazy in my opinion.
@@Inthewind24 I agree man. If i am informing the sales person on model year changes then they are just order takers and should move along until I am ready to buy.
5:49 - Yeah ive tried a couple of times and for some reason the warranty never covers exactly that one thing that happened. But when you ask, it covers everything. Weird how that works huh.
Almost EVERY TIME I came off a bike it hurt. And that’s a lot of times, mostly someone else’s fault. And yes, I do know how to ride. People don’t look.
A dealership I visited today did the exact opposite of upsale. They tried to get me to change my mind from a Shadow 1100 to a Harley Street 500 because I'm 18 and they assumed I'd had little to no experience riding, despite the fact that the bikes were only 500 bucks apart. It was actually kinda refreshing :)
The real problem (as I see it) with purchasing any vehicle is that the consumer is intentionally forced into a relationship with a dealer and this is "by design". There is no buying direct from the manufacturer. Motorcycle, car, boat, quad they all lock down the distribution channel: Manufacturer->Dealer->Consumer->Used Market. I would like to see a video that illustrates what real value the stealership adds to the product. BTW, love your channel.
Reviewing the dealership is a great tip especially when you're looking at a brand with the next dealer being 80+ miles away, ie Ducati, Triumph, etc in some states. When I found that people travel far and wide to come to the dealer near me, it helped seal the deal.
Got my first bike when I was 14. It was a stolen recovery that didn't run for $75 out of my pocket and pops took me to a college night class to learn how to rebuild the motor that was 1979. Now I only buy from owners and maintain them myself.
As someone who works in finance this makes me so happy. Lack of basic financial literacy is a big problem even in developed countries and those people are often taken advantage of instead of being helped. I don't live in the US but if did I would drive a long way to buy my next motorcycle from you.
Those after market warranty companies had my mom freaked out. She bought the factory extended warranty on her new car. The letters from those companies are written to trick you into thinking you’d already agreed to it. Because of that I had to go to the dealership three times to make sure the one she actually bought was active.
Dad bought an aftermarket warranty on his 2015 Cummins , but because it wasn’t a factory warranty had a whole bunch of conditions etc attached. Had a $2k est fix on the truck which was covered under warranty however in fine print he found out that if he lived within 100kms of a GoAuto dealer he HAD to get everything done there, oil change etc. His address was registered at 96kms away from the dealer so they completely voided his entire warranty because he got an oil change done by a family friend who runs auto shop in the small town he lives in (certified mechanic and all) If he lived 6 kms farther away, would of been completely fine. One of the most bullshti loopholes I’ve seen in a while .MAYBE If he was doing oil change himself I could possibly see it. But a verified mechanic and no issue stemming from that was related to the problem what so ever, but because it was in the fine print they just did a blanket void of everything. If you want extra warranty ALWAYS go factory
Yeah well the average person cannot really just slap 30k$ on a counter just like that. BUT make sure you bargain / shop for your finance. look at different locations. sometimes, travelling a few hours can save you a few thousand bucks
I'd rather walk into a store like yours and talk to an honest guy eating a sandwich than deal with a bunch of sharply dressed sharks waiting to tell you how perfect every bike is for you.
Something else to consider with trade-ins is that you will only pay the sales tax on the difference in price between your current bike and the new one. It's a pretty noticeable amount that helps offset the loss from trading in the bike vs. selling it to someone directly.
I payed cash for both my bikes and I also did a lot research on the dealerships I dealt with on both bikes.. great advice for people who don't know..keep up the great videos
I was a mechanic at a motorcycle dealership in Jersey and used to prep the bikes and test ride them before the customers took delivery and the upselling was horrendous. A kid fresh off of getting his license on a scooter (since in jersey, you were able to take and pass the road test on a scooter), came in and wanted a bike. Scumbag sales guy upsold him a GSXR1k and when delivering the bike to the kid, who clearly you can tell was overwhelmed by the machine, he told me the story and I said you definitely shouldn't be on this machine since its your first time sitting on anything other than a 50cc scooter. Told the sales guy who didn't give two shits, needless to say, two right turns, and 7 miles on the bike(my test loop put on 4 BTW) the bike was totaled. Pretty sure one of the other mechanics turned that into his track bike.
I paid cash for my bike. I was treated like poop from a previous salesman, so I bought my bike from his Co-worker in front of him and his boss, making sure his boss knew why.
I'm about to do that. I went to a shop here in AZ. Bike is worth 2800 according to NADA and Bluebook. I offered 3k cash cause it was in good condition and they were asking 3500. They came back with the "final price" at 5800 because dealership and ran my credit to finance it. Some people man...
@@jakesdaysoff4683 that doesn't make sense to me. If you made a cash offer you would not have filled out a credit app? I know I never have anytime I have paid cash for any vehicle at a dealership.
@@thewhiskyscout1238 back in 2008 I bought a brand new GSXR1000 with cash. The dealership told me they had to run my credit even though I'm paying cash.
@@nateg.6187 This exact process landed me a sweet deal when I bought my wife a honda CRV in Texas a few years back. I got it slightly under its fair market price. Salesman was a little annoyed but it was December and he straight up said he was still making some commission on the sale and it was going to Christmas gifts for his kids. That's the only success story I have tho. I've been raped on numerous other vehicle and motorcycle deals over the years.
@@nateg.6187 You are correct. I have walked away many times, one time, in particular, my wife still talks about to this day. To me, vehicles are just objects with specific uses, I set a limit on what I am willing spend before I leave and go withdraw the funds from the bank for the purpose of car shopping. one time in particular, I thought the salesman was going to hit me out of anger (literally shaking he was so mad) after I told him I only pay cash and all he wanted to do was talk monthly payment, as I walked out. My wife was clearly worried as we were walking back to our vehicle as he was literally stalking us. She asked what would I have done had he assaulted me to which I replied, "it is not what I would have done but what our lawyer would do about it". I have been yelled at called names and politely asked to leave, I try to keep a sense of humor about it all though.
The beauty of a GOOD Ext Svc Contract? You cn drop your bike off at the shop Monday on your wat to work for repairs, and pick iyt up Friday on your way home, the ride all weekend. Instead of spending your next 2 weekends, fixing the bike and paying out of pocket, for what could have been repaired...2 weeks ago for no or minimal out of pocket. 28 years in the business, the ONLY $$ capped svc contracts I saw, were on marine products....other than accrued repairs not exceeding MSRP and/or current repair being value of the bike...ie, its called totalled if repair cost exceeds value. As for inhouse financing...a GOOD dealer, can get markup from dealer buy rate and STILL be below the lenders street rate for a walk in customer. I wrote 1/4 million dollars a month in loans. Because of that volume, the bank gave me a discounted buy rate. If a bank customer walk in rate was 6%, I had a buy rate t 5. I could write it at 5.9...make .9, and save the customer time and money, vs them going to the bank themselves. As a dealer, you know this.
Absolutely correct my man. TOP (2) best ways to get the best deal. 1- Pay cash. What else can I say. 2- Get your financing prior to stepping foot in the dealership. And for God's sake, DO NOT impulse buy. Relax and do your research. Know exactly what you want and with what options you want. Know what you are willing to buy already on the bike and what you are willing to add to the bike after you purchase it. Again, first and foremost, if you HAVE to finance like a lot do, get your financing to take with you and you don't tell them anything till you are done with price negotiating. If they ask, all you have to say is that you haven't made that decision yet. Once you are satisfied with the price, then simple, here is my financing for the bike and leave knowing you got the best deal you can. If you take your financing, then there is full transparency between you and the bank. Otherwise, the dealer will not only make profit on the sale, which I am definitely ok with, and they will also make profit on your financing. Thanks for the excellent video my friend. Had to subscribe !
I dont agree with that. I live at home and make over 100k a year and financed my 12k dirt bike because when I get money I spend it. I could be dead with my job tomorrow im not dying with money in the bank. And I am not unqiue. Thats 99% of the population that is just like me.
@@rhysl4759 cool... Your life your choice. Go for it. Great you earn so much at a young age! I hope you are happy and live a lot longer than you think you might. But if you do get old it would be really nice to know that you have an army of dollar bills working for you and you have a lot less concern because you have your whole future financed from your savings and investments. Also, you kind of said it, 99% of people live like that. At what else in life do you want to be just like everyone else? If you act like everyone else you'll have the same level of success as everyone else. I suggest all young people take a class in personal finance. I took one at night at a community college decades ago and it was very beneficial. Good luck, whatever path you take!
I'm not sure how it may work elsewhere regarding trade-ins, but where I am (Ontario, Canada), you only pay the Federal and Provincial sales taxes (13% total) on the difference after trade. The result being that a $5,000 trade-in is effectively equivalent to $5,650 cash. The higher the trade value, the bigger the effect.
I knew a couple like that! They each "bought" new stuff for each other alllll the time! Cosigning on loans, financing cars, saying you're combining finances and "surprising" your significant other with a financed item like a TV and surround system, and only caring about the moment and how small the payment is. It was sooooo hard to not cringe in disgust while hanging out with them. I tried to talk sense into them but they were blinded by "the moment", and appearing like they were well off. Sure enough, it all fell apart after about 2 years and that co signing on an auto loan came to bite him after they broke up and she stopped paying. All my warnings on debt and rolling over debt on vehicles came back hard... He was left with a dumb big tv, a sound system you can't use in an apartment, a ring, his own financed luxury car with 3 prior cars of negative equity rolled over, and a delinquent loan you cosigned signed for a person who is gone and not paying.
worst point in not knowing about manufacturers warrenties is that the rider doesnt know about the getting everything tightened up, i ran into someone in oklahoma who had never been told about the warrenty and had taken a brand new bike (triumph) from the dealership, and overthe next yer started to get more and more problems, on the day i met them they had done 6k miles and was getting worried about the noise coming from it, in that moment i asked "did you get told about the warrenty?" thier answer of no made me wonder if they knew anything about basic uk motorcycling training knowledge. So then i asked them to pop thier seat, they didnt even know how to do that, when they popped thier seat, still in pristine condition, was the manufacturers warrenty card, plus the toolkit thats i knew was supplied with that bike, all in thier shipping packaging ......
When i was looking into getting my first bike i wanted the fz09 but knew the fz07 would be way better for a starter. The salesman tried to talk me out of the 07 into the 09, long story short he was let go before i ever made a purchase and the new salesman steered me away from the 09 into the perfect bike for me
I agree that you should always come in with your own financing. I don’t know if getting financing is different for bikes than cars but We got financing for our car from our credit union and they basically just gave us an APR percentage and an agreement to finance - not a check. Still, when we went to buy, the dealer was able to beat the percentage the bank offered so we went with them.
My first legit street bike is a 91 fzr 600 its got all the power i want and for a 450+ pound bike (full tank) it feels extremely light i really like it handles really well
I honestly can't wait to get a bike again. In 2019 I bought a 2004 Honda shadow sabre to remember my dad by because he passed away a month prior and he loved that bike. And unfortunately I got hit with hard times in 2020 and had to sell the bike.. that by far now has been my biggest regret.
My first car I financed at 18 I was talked into buying a $1000 third party warranty. 10 months later my timing belt went and took out a couple pistons. I went through the warranty bull only for them to deny my claim due to ‘previous owner negligence to maintain’. I now never buy the 3rd party warranties and always go to my credit union
The financing part, I told the dealership where I wanted them to call and when they told me what the interest was I called the bank to verify. You lie I fly, you need my business and I have no issue going somewhere else
The trick to all this stuff is know how to use a calculator. I've financed bikes that had incentive programs on them that made borrowing the money better than pulling money from interest bearing accounts. If that happens, throw your gear on there too. If you know you're going to pay off the gear or whatever quickly, you'd be out less $ in interest by rolling it on the loan than using a credit card... depends on the rates. Use a calculator. In 40 years of buying cars and bikes, I've only met maybe two sales people who were knowledgeable and honest- and I've owned well over 100 cars and a dozen bikes. Every other instance, they either didn't know the product and made up or guessed incorrectly at details or attempted to hide things, change numbers (to their advantage), or straight up lie. Most recently a BMW dealer in Brooklyn told me it was illegal for them to pay me for the equity in a leased vehicle I was trading in- trying to scam $11,000.
I was very disappointed in my 2017 Bonneville, sold it after 3 years even though I financed it for 4, major breakdown every year, I had a headlight worked backwards, a balancer shaft let go, 3 seperate shifting failures, and my front tire tube had a hole right along the seam after 18000km. My dealership was great with all of that and always made sure I was covered beyond Triumph's "obligations" didn't buy my meanstreak from them but I will definitely give them the repairs. When a dealership takes care of you, it's only a good thing for them.
CB500 2 cyl. 1995~97, I don't remember precisely. What I do remember quite well. By the four year mark I sold the thing with a smidge more than 95,000km! On the first months of ownership warranty had to be deployed because of a failing timing chain tensioner. Promptly replaced under warranty! Other than that trouble free! During those 95,000km. Normal maintenance and consumables were used, but really nothing more! That's for a bike that "slept" on the street, no garage, or anything other than the sky above! Really good record, the kind that created Honda's reputation! ;-)
@@drunkenpirate3201I bought a brand new 2016 Street Triple that leaked oil from the engine case after 4 months, the dealership fixed the problem, but I would definitely think twice before I ever bought a Triumph again, and the mechanic at the dealership said it was a common problem on those Street Triples.
For financing a vehicle I go to my credit union. My first car 1.2% interest. I was pre approved went into the dealerships looked around found what I wanted. They took me to the office and then I told them "oh I'm already pre approved here is the bank info". Unfortunately I had to wait 24 hours for the bank and dealership to give each other the need info but it was easy and no bs.
He is the best and worst business man. He dont care about being a billionaire he just wants to share the love for bikes and make an honest living who will keep all there customers happy that 85% of companies would never help.
@@jamienew7048 thats why i want his dealership in Dubai. I bought a 2018 S1000rr in uae for 70000 and next year bmw came out witg a new s1000rr and when i went to trade in my bike for the new one they offrred me 50k for it . And note that it had no problems at all no paint issue not mechanical issue .
It’s amazing to me how YOU can get away with stating the words “BAD SITUATION” while simultaneously showing a couple taking their vows and getting married! Haha! STONES BROTHER! 😂😂😂
Very sound advice. I'm a 63 year old Harley rider looking to by another scooter. I went to 2 Harley dealerships in the Central FL area, and experienced 2 totally different types of salesman. One listened to what I wanted, and was interested in putting me in a Heritage. The other, wanted to sell me one of what he had the most of on the showroom floor, going as far to say that if I got the Street Bob I'd have women all over me! I laughed so hard that I peed a little, then walked out of the dealership. Don't let a salesman talk you into buying what they want you to get. You can walk out of that dealership at anytime during your visit. Thanks for this excellent video.
This video reminded me of another one of yours from a long time ago. A lot of gold in both! It also reminded me of a time when I was buying a bike at a large, multi-brand dealership when a guy bought a beautiful, brand new R1 just before me... And then dumped it over at the first light a block away. We all heard the crash from the dealership floor inside and could see him struggling with the remains through the large front windows. I remember the salesman immediately telling a co-worker, perhaps his supervisor, "he told me he could ride!" Having sufficient drama in my life already, I bought my bike and loaded it up. I was all set to buy another bike yesterday myself... But my son, a medic, knowing this, texted me a photo from a call. Three dressed Harleys and the lady in the car still drove over one, claiming she didn't see them. It was a bright sunny day. It's important to know your capabilities as well as your surroundings. Some people shouldn't ride some bikes. And some places are certainly more treacherous than others. Hopefully we'll have another place away from so many people soon... Then I'll have a better case to plead! Thank you again for this video! I love watching all of them. Blessings to you and your family!
Great Video. That just shows how Honest your Dealership is. It also shows your a good Christian. If I could drive a Bike that far from NY to Texas, I would definitely buy my next Bike from you. These 10 Tips will definitely help me on my next Bike Purchase. Thanks for making this Video.👍👍❤️
I wish I lived near you guys!!! You're always doing interesting stuff, I've learned so much in the one year I've been subbed. Thank you Sean, God bless.
Wow, real talk in this video. Great information on the dealership processes of selling, financing, etc. Thanks for sharing because I learned a ton of things from you. I financed my first bike way back in 1998. I was working full time, I had finished paying off my car and I got a low interest rate for the loan on my ZX-9R. I stopped riding back in 2009 (sold the bike) and started a family and bought a house. Now, I'm financially stable again and want to get back into riding. I'm earning more now, so to your point, I prefer to pay cash for my next bike. I;m at a point in my life where I don't want anymore 'monthly installments' for five years, if I can avoid it. One less bill to worry about. Great tips in this video. Thank you. And, your last tip had me on the floor with your "Man up!" comment. I agree wholeheartedly.
I just bought a 2005 Softail Deluxe for $12,000 cash three weeks ago. The reason I bought from a dealership is because the last one I purchased from a private seller was just jacked. He hit every little thing for me so I didn't realize till I got home the issues that I had. Going through a dealership I expected a little bit more quality. I was assured that all the fluids, brakes, plugs, and tires were all brand new in the bike was ready to ride for the summer. After giving the dealer $12,000 cash and riding home for 4 hours I lost control of the bike in my driveway. I found this to be odd and I've been going up and down this driveway my whole adult life. Upon lifting this bike I threw the front end out of alignment. I took it to my buddy's shop up the street and they spent a while realigning the front end and they found it the probable cause of my crash was that the tires were eighteen years old and had weird signs of wear at different spots and locations on them. I contacted the dealer and he said he would look into it and now he has blocked me. So his little mistake and loved I not only made me wrecking my driveway and cost me hundreds of dollars in damaged Chrome and a realignment. But it also could have cost me my life on the four-hour ride home! All I got to say is I don't trust anybody anymore I think most people are full of s*** and they only pretend to be good honest hard-working Christian Americans that wanted help us by taking our money
RIGHT TO THE POINT... I have over an 800 credit score, always getting a lowest interest rate when purchasing any of my Trucks but, when i went to an HD dealer to purchase a TG I wasn't aware of them charging me 11% until I was reading some ppl complaining the they were charged a very HIGH rate also. I went and got a refinance at 3%...NEVER will I purchase another bike and NOT check out the interest rate....
Really awesome video. Glad you have that level of concern for people to help them in the buying process. Also speaks to the trustworthyness of your dealership.
Awesome video very helpful. Not looking to buy a bike but still helpful when buying a car. The warranty part was on point. Got screwed from a used car dealership who sold us on the warranty. I don't hold it against the dealership but the warranty is absolutely garbage. Awesome video you guys are awesome 👌
I love your warranty warning. I tell people to save their money and earn interest instead of buying a warranty. I teach microeconomics and this is just plain economics sense. Warranties generally make the warranty companies rich and no much else. It’s also best to finance on your own such as a credit union. You can often get better deals doing it yourself.
Great advice Sean! I thoroughly enjoyed your speel. I'm intending to buy my dream bike next yr, the Triumph Rocket 3gt it will certainly be all the money upfront! I've been badly stung by letting go our two cars by a car dealee here in Australia. I'll never forget them and infact, I tell all my friends not to go to that car dealership which is a major one over here. Thanks for the advice mate.
I’m hoping I can one day buy a bike from you !!! I live off of a fixed income. Military disability. And have a family . So money’s tight always 🤦♂️😂. We miss going for rides in the country. Had to sell my bike to make ends meet . Give me 4 to 20 years and I will be at your shop 😊 Love watching your content!!!!
I drove a stick shift car 5 spead I've had motorcycles with paftamarca warranties offeand I read in the fine print does not cover manual drive. Train train starts at the intake valves and ends at the exhaust valves, so so it covers nothing.. On a manufacturer's warranty, I had the voltage regulator go on a brand new 400 rebel.Took it back they put a new one on it took three days to get the part. Route it 15 minutes. The electrical took a dump, just managed to get it back to the shop. The ground wire was not connected properly. It was loose and the screw fell outhey covered the voltage regulators that covered the work to tear the bike half apart to get to the ground wire and put it back together. They had me out of the shop in 15 minutes. No charge for any of it. But that after market stuff, you gotta really read it carefully. They use 20 characters per inch. Which is really teeny, tiny print. And they exclude almost everything they can. They exclude electrical components. They exclude drive trains unless it's a northern manic. And if certain weather conditions they don't include the drive train you have to get it in. Service done at a specific shop that is geographically undesirable.Most times are unreachable in a reasonable time frand they will only authorize towing to their preferred shop list. Worse, they don't cover the so if that preferred shop is 250 miles away at $10 a mile which is another way.They get you with a hundred and fifty dollar hook you do the math.
I've been watching your vids on both channels for at least 2 years. This info and honesty is the reason I would buy/trade from you, and I live in VA. Love your content brother
@@Srkcycles seems like an odd presentation of trust.... an affiliate pitch hidden in good faith advice that is obviously a ruse. No salesmen Only riders? The good old days fade away.
@@pjmtts his point is that warranties are great, but not aftermarket warranties. He explained the way that aftermarket warranties screw you, which you don't have to look far to confirm that. After this he then presented an alternative that he knows about that operates a little different, is it advertising? Yes. Is it paid advertising? Maybe. If you care about warranty then check it out and if you dont then let the white noise of indifference wash over you and don't be offended.
Most of my bikes I've bought from breaker's yards, rebuilt them and returned them to the road. The cheapest they paid me was £20 to take it away and I fixed the ignition timing issue, took it up for MOT inspection and it passed. Another time I bought 4 identical bikes for £75 and built 3 good bikes out of the 4, using the worst (crashed) bike for parts. It provided a low mileage engine to replace the knackered high mileage one in in of the others. I've spent more money of riding kit than on the bikes that I ride. Motorcycling is a very cheap activity, if one is a canny git and are prepared to do the work.
I got upsold a little on my last bike. I was planning on buying a Triumph Bonneville Black, but they didn't have one in stock. They took me back into the shop, and they had just pulled a new Bonneville T100 out of the crate. The paint job on it was almost the same as my old '77 Bonneville, so I sprung for the extra $1500 for it. That was in 2008 and even today, I have no regrets.
We've been trying to reach you concerning your vehicle's extended warranty. You should've received a notice in the mail about your car's extended warranty eligibility. Since we've not gotten a response, we're giving you a final courtesy call before we close out your file. Press 1 to be removed and placed on our do-not-call list. To speak to someone about possibly extending or reinstating your vehicle's warranty, press 1 to speak with a warranty specialist.
I say "Great, thanks! Let me get my papers out and find the value on my vehicle, then maybe I'll call back the number on my papers." Click. The key here is understanding the computer dialed your number. If you're still listening to a recording, nobody hears what you said. If it's a person, the computer is not showing them your number and they usually cannot make outgoing calls. They are paid to wait for the computer to connect them to someone who it detects picked up. My heart goes out to these hard working people who deserve better, but I don't make enough at my job to help all those companies stay in business. My policy is if I can't call you, I can't do business with someone I can't contact.
I learned all this stuff the hard way in my early 20’s. I even had people telling me how stupid it was to try and buy something I couldn’t afford. I was impulsive and yolo so I went upside down on a trade for the turbo that I financed at 8%..
As an ex franchise bike dealer comments are on point. Regarding financing, Dealer's do get a reserve percentage for financing. So if your private bank or credit union interest rate is same as dealer. Go with dealer. Helps keep the doors open.spot on regarding extended warranties.
I'm 62 and would like to learn to ride. The most common advice is to get a used Honda Rebel. I recently heard that I should buy a new Honda Rebel because the dealer gets big bonuses for A. Selling a first bike to a person. B. Selling selling a first Honda to a person. C. A used Rebel is likely to have been wrecked and repaired. Is any of this a good reason to not buy a used Rebel?
As a 55 year old motorcycle guy, when anyone starts telling me what they think I need to know, it usually ruffles my feathers a bit, BUT, I have learned a lesson on every thing you mentioned the hard way. I hope the younger guys watching pay attention. There is a lot of valuable info here. Great video.
The only thing in this one I find pretty dim, is... I live next to Maine ... there is NO helmet law.... I would rather someone finance a 100$ helmet with their new bike, than to roll out without one...
Some helmets are cheap... if a dealer doesn't want a guy buying a new bike they are making thousands off of... Maybe they shouldn't complain if he wants to add a 100$ helmet... or give him one he can afford..
Wouldn't that be the thing to do instead of complaining someone wants to add a helmet on their purchase? Seems like a lot of judgement and not enough helping hands to me :P
@@TroyC68 About a year ago, my brother bought for my birthday, a modular... Hawk Blue Warrior... I happen to know he paid about 50 bucks for it with a guy who'd scared himself off the bike...
Gear is TOO easy to get a hold of for the excuse to finance all the neatest, shiniest, and most fashionable BS instead of passing along a decent helmet, jacket, and chaps with EVERY ride that rolls off the lot... It's a scam to finance the stuff and YOU KNOW IT...
If you didn't, you do now... There's no excuse... You shouldn't have to finance it, considering how much money the bastards make on the initial price of the bike sale alone. ;o)
Same here. Impatience and selfishness will ruin you.
As 55 year old guy myself, you just need to ride sensibly and plan coffee and toilet breaks properly lol.
@@gnarthdarkanen7464 my first helmet brand new was 75 and it was from the local H-D dealer... of course I didn't finance it... but the last thing I would do is try to shame anyone out of financing one and riding without... I know gear is easy to find.. I know bikes are... my shadow being a 1983 with 80k I got a 2002 SV 650S a few years back wit 2500 miles on it... for 1700$ ... know all about deals and I don't buy when I can't afford... but it's peanuts to think that someone should be looked down upon for doing it IMO... AT least they are wearing gear... without mine.. hitting the deer I did at highway speed would have killed me most likely... helmets save lives... don't be a squid even if you need to finance it....
Everything this man says about motorcycles can be applied to cars as well. Car dealers do the exact same thing to their customers.
Looking for a newer car ,and I'm hip .
They are gonna love my trade in.
95 Nissan 200, rusted to shit and haven't changed the oil since '13.
It's been my personal science experiment and I've done no maintenance in like 30k.
Haha let them deal with it, it's bringing down my neighbor's property values 🤣🤣
@@MrTheHillfolk
If it's in that kind of condition what makes you think they'll even consider taking it as a trade in? If it's not worth anything to them they don't have to consider it all. And I'm thinking they won't.
@@geoben1810
I'd get 500$ probably, that's what they usually throw your way.
Either way ,I think it'll be more fun to take it to a buddies farm and give it the proper send off when it's time.
Actually sellers let them do it to themselves.
Amen to that
I would never let my GF finance a bike for me, I have her pay cash.
😂
at a boy!
Haha 😂 this guy spitting knowledge right here 😅
Big brain
Based
I'm 61 and have been riding off and on for 41 years. I love how when I walk into a bike shop and salesmen usually try and avoid a conversation when they see how old I am. I'm no psychic, but I'm going to assume they couldn't be bothered trying to hustle me into a big sale. Keep up the good work. You are making a lot of sense.
I agree with you I am 83 next Monday, and the sales team make a dash for me, when I remove my crash Helmut they loose interest. I was riding bikes before their grandad was born, Lol.
Us old dudes have the cash
@@bwghall1 pretty interesting to see an 83 old man still talk like a young man hehe. Its a compliment! God bless to you guys and more great health to come!
It's called the "young and dumb" syndrome. They know you already are smarter than they are.
Weird flex but ok.
It boils down to two things - don't be poor and don't buy stuff you cannot afford.
"We buy things we dont need, with money we dont have, to impress people we dont like." - Fight Club
Learn to understand how your bike works and how to work on your own bike. Take a class if you can. You dont need to become a Master Mechanic but I feel its important to at least understand how your bike and car runs so that if a breakdown occurs you have an idea of whats going on. Sometimes its nothing more than a blown fuse. But even if you cant fix it yourself an honest mechanic will appreciate that you understand what hes talking about.
You can learn to do basic tune ups, change the oil, new plugs. Youd be surprised not just how much money that you can save you but what you can learn about how your engine is running too!
@Perverted Alchemist funny is the majority of his inventory is Harley
If one has deep pockets & short arms, like a stereotypical Yorkshireman, one will never be poor.
Don't even sign any contract to buy stuff you Can afford, without thoroughly understanding it - because you might pay more than you thought regardless of what the salesman says to you about it.
"A man in debt is never a free man." -The only good advice my father ever gave me.
A very simple and rather basic example. Was the ancient definition of how one falls victim of slavery! Some of the most common were:
- Captured during war.
- Being born from slave parents!
- NOT BEING ABLE TO PAY IT'S DEBTS!
Nowadays a large portion of our societies. Tend to fall into the two last statements! Curious and somehow shocking detail, is that in so many cases people predispose themselves for the last one. On a volunteer basis!!
Well, it's called consumerism society for some reason! Many simply don't understand who or what is being consumed! ;-)
Stay "Free"
Got my first motorcycle 2 days ago a Kawasaki z400, when I first went to the dealership I talked to a salesperson told him I’d never ridden a motorcycle and he tried to get me on a gixxer 600 as my first ever motorcycle, good thing I did research and knew that was prob a bit too much bike for me to start out on
Similar thing happened to me. Salesman tried to get me to buy a Suzuki sv1000 for my first bike.
Glad that you resisted the sexy bike up sell. Too much power and very easy to get yourself in trouble. And then there goes that 10k bike vs 4k bike
My first bike was a Ninja 500. Awesome first ride, It was plenty on the freeway, I could put my girl on the pillion, I loaded it and camped off it for 4/5 days...
Way more bike than it's spec sheet would have you believe.
I took a "step up" to a Ninja 650, the '06 model. It's a better mother and frame let down by ergonomics and weird suspension. Trying to get the seat low means the seat to pegs distance is SUPER cramped. I ended up putting some foam pads on the seat and bungeeing a sheep fleece over the top just to get my legs to stop cramping.
It's a much "better bike" but it doesn't fit very well.
When I finally get around to a next bike, it'll be something like a Triumph Tiger. I went to a triumph/ducati dealer and sat on everything they had, and the only bike more comfortable was the Multistrada.
My first bike was also a Z400, I got one the first model year they came out, AMAZING bike, I should have kept it!
I read somewhere the average lifespan of a GSXR600 before an insurance claim is 72hrs!!! Lol
"Wait and save up and buy with cash." I can't believe a dealer is saying this. Mad respect for you.
More power to you fella. It's refreshing to actually hear a dealer giving a customer great tips on saving money on their next bike purchase. Respect Bro!
Most of this seems like common sense to an older, more experienced bloke like me, but it’s all terrific advice, especially younger riders/buyers.
I used to work at a Honda and Harley-Davidson dealership. I've seen and heard a lot. Good advice in this video.
I've bought 2 motorcycles from Moto of El Paso (El Paso, Texas) using their layaway program. Paid them both off in leas than six months each, interest free.
I bought an extended warranty knowing Ducati has iffy reliability. I ended up with the most reliable Ducati on the planet, nothing broke ever.
I feel for you, being let down by the bike like that :)
Money well spent. Similar to buying the biggest, baddest snowblower on the block, only for the next three winters to be snowless!
Nothing broke ever? Wow, that's three words you don't usually see written about Ducati!
@@slowerthansound I know, right? I remember seeing somewhere that only 27% of all Ducs are problem-free in their (first year). I don't recall the actual time/mileage, but 1 year works for me. I think it was on Fort Nine's channel.
When is that warranty up? Wear all your gear and watch out when the time's up. 🏍️
Sean I’ve been watching your channel for years and years. It’s cool to see how your shop has grown and expanded and your company is succeeding. I really appreciate the efforts you go to to keep people informed about motorcycle selection and purchases. Life is still kicking my butt as far as disposable income but I genuinely mean this, SRK will be at the top of my list to search for a bike when I’m ready. And like you, this will be a cash buy which is part of why I’m still waiting. No need to take on unnecessary debt for a fun purchase. Stay safe and keep up the great work!
When I buy my next bike I will get it from you. I love dealing with people with honesty and integrity. You have that sir.
Just because he is doing a video to help buyers, doesnt mean he doesnt rip people off. Not saying he does. Just saying.
@@j.hetfield9422 OMG. Did you just type that. Apparently you don't watch his videos. And let me say this to you sir and remember I'm just saying. I have never seen a dealer anywhere make videos like his. Let alone be up front. Although dealers act like it. But I have purchased from other dealers and when something is not right they say as is no warranties. So before you go and say something negative about someone do some research on them. Clearly you don't watch his videos because if you did (as I have for the past 3 years) you wouldn't say that at all. I have seen this man give people their money back because they had a problem. Well I would believe Sean would make things right. He didn't get where he is screwing people over.
@@j.hetfield9422 and one more thing sir. I can see that Sean has found God. Maybe it's time you do. Just saying.
@@mosmotorcyclejourney9067 Being Christian doesn't mean he offers incredible deals. All dealers will sell their vehicles at higher prices than what they are worth. That's how they make money. A private seller is where you will get good deals. Which is one reason I prefer to buy any vehicle from a private seller. It's going to be cheaper and the private seller who has owned the vehicle for 3 years knows WAY more about the vehicle than the dealer who bought it last week and drove it twice. I completely trust that Sean is a very good dealer but I'd way rather buy from a private seller. You just have to know what you are looking for. Test everything yourself, read the type of person you're buying it from, etc.
@@rideroftheforce5245 you hit that 100 percent on the head. I agree with everything you said. I have been following Sean for years now and I have seen dealers screw people over. Not saying he doesn't but I do know he has returned money to some people because they were not happy with what they purchased. And that right there in my eyes makes him a better dealer then most. Dealers favorite line is as is where is and no refunds. But yes I have just purchased 2 1500 goldwings from private parties that I got way more cheaper then at a dealer. And they did go down on the price to where a dealer will not.
Having worked at various mainstream dealers, (Honda, Suzuki, Yamaha,BMW ) I was expecting to pick this apart but, it's all good information.
Getting approved at bank before shopping can save a ton of money, but don't tell dealer you have 'X' amount or you will be spending all of it plus some.
Most fun buy I ever did was checking there were no penalties for early payment, signing all the finance forms and going back the next day with cheque for total amount.
Bank had 18 months zero percent interest for new customers so I ended up paying well below sticker price
I was offered an upsell from a dealership. I was buying an FZ600 in 1988 for $3300, but was offered an FZR400 for $4900. I balked at the idea of getting a smaller bike for more money, but in retrospect & should have gotten the FZR400. The dealer knew me & understood my needs (and bike ownership in general) better than I did, and the FZR actually outperformed the FZ in every aspect & became a rare classic, while the heavier, two-valve, air-cooled 600 was a quickly-forgotten parts-bin bike, albeit a decent one.
Sean,
I’ve been riding since 1958 and I’ve NEVER EVER financed a Toy! If I don’t have the money for a Scooter, I agree with you, I keep saving until I do!!
Thanks for your honesty and integrity!
Best advice ever. Save and pay cash. You don't NEED it now.
Sean is a good dude. Ive purchased a bike from them and traded to them as well and for one of the first times in my life didnt feel like I was getting screwed by a dealer.
Thats good.
But watch out for Caleb, he's chewing food while he explains the deal to you..... >.
Good to know. Too bad it's on the other side of the country. Takes longer to plan a purchase
@@hacksaw4966 not someone being human and eating food 😳 boycott them!!!! They most likely dont get breaks. Salemen dont get breaks and if we do we dont make money cause we aren't selling Understand?
@hacksaw4966 as long as he chews with his mouth closed.
Then its no problem.
Hahaha
I got another thing, most motorcycle dealers wouldn't tell You. And that is the cost of maintaining the motorcycle. Some people buy a motorcycle thinking that it's very economical to run compared to a car. That is not necessarily always the case. Also, the warranty for a new motorcycle is about 1/3 the time and mileage of a new car warranty, and does not have extended warranty on the power train.
I was 20 in the Marine's. Financed a CBR 900RR, first real bike for 16% interest with all the gear. Broke every rule you just listed, but in my defense I didn't think I was going to live that long. My surprise still alive 35 years later but I did trade the bike in to the same dealer ship for way less than I could have got.
What bike did you end up buying after the trade-in
Semper Fi
Been riding since the early 70's it's nice to see a young man that learned from his mistakes or listened to his dad . Could be Sean is just a smart kid, great video kiddo this should be recommended to anyone looking to buy from a dealer.
Crazy respect Sean. Most troubles people have are self inflicted. You’re giving great advice. 👍🏻🙏
I’ll be 70 in November and if after being mowed down by 3 drunk drivers and 2 legally blind Florida drivers I ever decided to get on a bike again, your shop would be my ONLY choice to buy from.
I'm 61 retired motorcycle technician and have been in the automotive truck and motorcycle industry for all my life. Service manager, service writer, warranty administrator and training from every manufacturer auto and motorcycle manufacturers.
Everything that this man has said is straight up the whole truth. He covers the buying industry . "SOB" standard operational bullshit. The service department is a whole other side of the industry that is there to take your money. Its not as bad as problem with motorcycle service but the Automotive industry is the Worst! I'm glad to hear someone speak out on the atrocities that the sales management does trying to sell you what you don't need. Excellent video.
Respectfully Mr. Nobody
I work at a small dealership. We try to recommend new riders smaller machines but everyone wants the 600 sportbike or a big cruiser. Trade ins tend to need some work. But it always dumfounds me when a bike is sold or traded because it needs tires!
"Save up and pay cash."
"YOU WANT ME TO DELAY INSTANT GRATIFICATION LIKE AN ADULT?! RHEEEE!"
I liked you already, you just shot up huge kudos points in my book. So hard to find honest dealers.
This is why SRK cycle is a great business........HONESTY. I wish there were more people like this honor and integrity
Yep-good stuff here. What drives me nuts is the reluctance to tell you the price of the bike. Website says click for quote, you give your info and they call and talk to you. 2 days later you still don't know how much they want for the bike.
--- was a Honda/Yamaha dealer ( Morgan City, Louisiana ) for 13 years - and did NONE of those things to my customers. The only 'In House" financing we offered was that from Honda and Yamaha - and discouraged using them - instead, we offered them a list of banks/finance companies that were motorcycle friendly ( this was in the 80s - early 90s and many banks and credit unions simply would not finance bikes ). As for trade ins, dealers really don't want them unless they are heavy into a used bike market - we weren't. Trade-ins are a PITA - you have to make TWO sales ( the new bike and the trade-in ) to complete the cycle and the trade-in was an un-known factor. I would take a trade-in, but told them upfront the only way I could afford to take it was to steal it - and they would be better off selling it themselves. Extended warranties - didn't offer them - not even the ones from the manufacturers. ALL extended warranties are nothing but "additional profit" for the dealer and the "warranty company" - what they actually are is an insurance policy - in order to even offer them in Louisiana, I had to become a licensed insurance agent by the state. You tell everyone how bad they and how they take your money, and then prostitute yourself out to one and make their sales pitch - for money. They are no better than any other, they just explain that what they are is an insurance plan. As for a salvage title, those are always a problem for somebody, and it is required by law that the buyer knows they are buying a vehicle with a salvage title. However, you can get some really sweet deals buying salvage bikes BEFORE they are rebuilt, and if you are knowledgeable and competent, can build some nice rides and save - esp. if you know you are going to drop it and scratch it anyway and don't care about paint perfection. What did I do as a dealer for my customers ? little things, like open the shop at 2 am on Sunday morning so they could get parts to get their bikes up and going because they had just crashed them and it was a race weekend. Or ride 45 miles each way to pick up a Goldwing from another state that the owner called you 5 minutes before the shop closed on Saturday ( 1 pm ) because they had just blown a tire: and then stay at the shop with a mechanic for 3 hours removing all the chrome and garbage to replace the tire. Or let the local ABATE chapter meet there on Weds nights because the local Harley shop wouldn't. Or show up at the shop on Christmas day to repair the front end of an ATV that a kid got for Christmas and his cousin just ran into a tree with. Not every dealer isn't a hard core biker first.
Good info Sean.
My biggest hurdle at dealerships these days is knowing more about their products than they do. Now, I am an enthusiast and like to learn about all different styles and brands of bikes. No reason a salesperson should not know the basic specs and features of their bikes and their competitors. It is a widespread issue in my experience. It doesn’t keep me from buying because I do my research and know what I’m buying. It’s just annoying and lazy in my opinion.
That shouldn’t be a hurdle for you then
@@Srkcycles that’s a fair statement. It’s just mildly irritating I suppose .
@@Inthewind24 I agree man. If i am informing the sales person on model year changes then they are just order takers and should move along until I am ready to buy.
5:49 - Yeah ive tried a couple of times and for some reason the warranty never covers exactly that one thing that happened. But when you ask, it covers everything. Weird how that works huh.
They never tell you falling off really hurts!
Unless you do it correctly ....
Almost EVERY TIME I came off a bike it hurt. And that’s a lot of times, mostly someone else’s fault. And yes, I do know how to ride. People don’t look.
T-boning a van hurts, also.
Sliding 75 yards down the middle of the highway after center-punching a black lab while running 95mph hurts, also.
A dealership I visited today did the exact opposite of upsale. They tried to get me to change my mind from a Shadow 1100 to a Harley Street 500 because I'm 18 and they assumed I'd had little to no experience riding, despite the fact that the bikes were only 500 bucks apart. It was actually kinda refreshing :)
The real problem (as I see it) with purchasing any vehicle is that the consumer is intentionally forced into a relationship with a dealer and this is "by design". There is no buying direct from the manufacturer. Motorcycle, car, boat, quad they all lock down the distribution channel: Manufacturer->Dealer->Consumer->Used Market. I would like to see a video that illustrates what real value the stealership adds to the product. BTW, love your channel.
thats how you create jobs
Reviewing the dealership is a great tip especially when you're looking at a brand with the next dealer being 80+ miles away, ie Ducati, Triumph, etc in some states. When I found that people travel far and wide to come to the dealer near me, it helped seal the deal.
Got my first bike when I was 14. It was a stolen recovery that didn't run for $75 out of my pocket and pops took me to a college night class to learn how to rebuild the motor that was 1979. Now I only buy from owners and maintain them myself.
First bike was a Ducati. Bet you didn’t know that they made a 125 huh? Long time ago, was great. Been thru a lot since then.
As someone who works in finance this makes me so happy. Lack of basic financial literacy is a big problem even in developed countries and those people are often taken advantage of instead of being helped. I don't live in the US but if did I would drive a long way to buy my next motorcycle from you.
Those after market warranty companies had my mom freaked out. She bought the factory extended warranty on her new car. The letters from those companies are written to trick you into thinking you’d already agreed to it. Because of that I had to go to the dealership three times to make sure the one she actually bought was active.
Dad bought an aftermarket warranty on his 2015 Cummins , but because it wasn’t a factory warranty had a whole bunch of conditions etc attached.
Had a $2k est fix on the truck which was covered under warranty however in fine print he found out that if he lived within 100kms of a GoAuto dealer he HAD to get everything done there, oil change etc. His address was registered at 96kms away from the dealer so they completely voided his entire warranty because he got an oil change done by a family friend who runs auto shop in the small town he lives in (certified mechanic and all)
If he lived 6 kms farther away, would of been completely fine. One of the most bullshti loopholes I’ve seen in a while .MAYBE If he was doing oil change himself I could possibly see it. But a verified mechanic and no issue stemming from that was related to the problem what so ever, but because it was in the fine print they just did a blanket void of everything.
If you want extra warranty ALWAYS go factory
I love it, pay cash!!! "The borrower is slave to the lender." 100% of repossessed toys are financed. No finance no repo.
Agreed👍
“Don’t get stuck like a rat in a wHeel!”
Technically if you hide it they can't do anything
@@dieseldog5779 or don’t be a scumbag and pay your bills. Or even better, don’t buy stuff you can’t afford and have to take a loan on.
Yeah well the average person cannot really just slap 30k$ on a counter just like that. BUT make sure you bargain / shop for your finance. look at different locations. sometimes, travelling a few hours can save you a few thousand bucks
I'd rather walk into a store like yours and talk to an honest guy eating a sandwich than deal with a bunch of sharply dressed sharks waiting to tell you how perfect every bike is for you.
Something else to consider with trade-ins is that you will only pay the sales tax on the difference in price between your current bike and the new one. It's a pretty noticeable amount that helps offset the loss from trading in the bike vs. selling it to someone directly.
Not true in California.
I payed cash for both my bikes and I also did a lot research on the dealerships I dealt with on both bikes.. great advice for people who don't know..keep up the great videos
“Caleb was eating a sandwich while he was showing the bike” - rofl
I was listening to the video and browsing the comments and as soon as I started reading yours he said it in the video lol
I work in the automotive industry....one of our service advisors got a bad survey due to a fly in the waiting room.
Probably upset because Caleb didn't share
😂😂
Should have given him a bite.
I was a mechanic at a motorcycle dealership in Jersey and used to prep the bikes and test ride them before the customers took delivery and the upselling was horrendous. A kid fresh off of getting his license on a scooter (since in jersey, you were able to take and pass the road test on a scooter), came in and wanted a bike. Scumbag sales guy upsold him a GSXR1k and when delivering the bike to the kid, who clearly you can tell was overwhelmed by the machine, he told me the story and I said you definitely shouldn't be on this machine since its your first time sitting on anything other than a 50cc scooter. Told the sales guy who didn't give two shits, needless to say, two right turns, and 7 miles on the bike(my test loop put on 4 BTW) the bike was totaled. Pretty sure one of the other mechanics turned that into his track bike.
I paid cash for my bike. I was treated like poop from a previous salesman, so I bought my bike from his Co-worker in front of him and his boss, making sure his boss knew why.
I'm about to do that. I went to a shop here in AZ. Bike is worth 2800 according to NADA and Bluebook. I offered 3k cash cause it was in good condition and they were asking 3500. They came back with the "final price" at 5800 because dealership and ran my credit to finance it. Some people man...
@@jakesdaysoff4683 that doesn't make sense to me. If you made a cash offer you would not have filled out a credit app? I know I never have anytime I have paid cash for any vehicle at a dealership.
@@thewhiskyscout1238 back in 2008 I bought a brand new GSXR1000 with cash. The dealership told me they had to run my credit even though I'm paying cash.
@@nateg.6187 This exact process landed me a sweet deal when I bought my wife a honda CRV in Texas a few years back. I got it slightly under its fair market price. Salesman was a little annoyed but it was December and he straight up said he was still making some commission on the sale and it was going to Christmas gifts for his kids. That's the only success story I have tho. I've been raped on numerous other vehicle and motorcycle deals over the years.
@@nateg.6187 You are correct. I have walked away many times, one time, in particular, my wife still talks about to this day. To me, vehicles are just objects with specific uses, I set a limit on what I am willing spend before I leave and go withdraw the funds from the bank for the purpose of car shopping. one time in particular, I thought the salesman was going to hit me out of anger (literally shaking he was so mad) after I told him I only pay cash and all he wanted to do was talk monthly payment, as I walked out. My wife was clearly worried as we were walking back to our vehicle as he was literally stalking us. She asked what would I have done had he assaulted me to which I replied, "it is not what I would have done but what our lawyer would do about it". I have been yelled at called names and politely asked to leave, I try to keep a sense of humor about it all though.
The beauty of a GOOD Ext Svc Contract? You cn drop your bike off at the shop Monday on your wat to work for repairs, and pick iyt up Friday on your way home, the ride all weekend. Instead of spending your next 2 weekends, fixing the bike and paying out of pocket, for what could have been repaired...2 weeks ago for no or minimal out of pocket. 28 years in the business, the ONLY $$ capped svc contracts I saw, were on marine products....other than accrued repairs not exceeding MSRP and/or current repair being value of the bike...ie, its called totalled if repair cost exceeds value.
As for inhouse financing...a GOOD dealer, can get markup from dealer buy rate and STILL be below the lenders street rate for a walk in customer. I wrote 1/4 million dollars a month in loans. Because of that volume, the bank gave me a discounted buy rate. If a bank customer walk in rate was 6%, I had a buy rate t 5. I could write it at 5.9...make .9, and save the customer time and money, vs them going to the bank themselves. As a dealer, you know this.
Brilliant and 100% on point.
Fuckin no it isnt
@@brendanwood5243 how so is it not on point? The aftermarket warranty advice is gold, they are all garbage.
@@brendanwood5243 you must have financed your GFs bike 🤣
@@knowbody4903 wow....so witty...I don't know how I'll ever recover?
@@knowbody4903 since you are clearly an expert on garbage you must be correct
Absolutely correct my man. TOP (2) best ways to get the best deal. 1- Pay cash. What else can I say. 2- Get your financing prior to stepping foot in the dealership. And for God's sake, DO NOT impulse buy. Relax and do your research. Know exactly what you want and with what options you want. Know what you are willing to buy already on the bike and what you are willing to add to the bike after you purchase it. Again, first and foremost, if you HAVE to finance like a lot do, get your financing to take with you and you don't tell them anything till you are done with price negotiating. If they ask, all you have to say is that you haven't made that decision yet. Once you are satisfied with the price, then simple, here is my financing for the bike and leave knowing you got the best deal you can. If you take your financing, then there is full transparency between you and the bank. Otherwise, the dealer will not only make profit on the sale, which I am definitely ok with, and they will also make profit on your financing. Thanks for the excellent video my friend. Had to subscribe !
Financial rule of thumb: if you can't pay cash you can't afford it. And this is super true for toys.
I dont agree with that. I live at home and make over 100k a year and financed my 12k dirt bike because when I get money I spend it. I could be dead with my job tomorrow im not dying with money in the bank. And I am not unqiue. Thats 99% of the population that is just like me.
@@rhysl4759 cool... Your life your choice. Go for it. Great you earn so much at a young age! I hope you are happy and live a lot longer than you think you might. But if you do get old it would be really nice to know that you have an army of dollar bills working for you and you have a lot less concern because you have your whole future financed from your savings and investments. Also, you kind of said it, 99% of people live like that. At what else in life do you want to be just like everyone else? If you act like everyone else you'll have the same level of success as everyone else.
I suggest all young people take a class in personal finance. I took one at night at a community college decades ago and it was very beneficial.
Good luck, whatever path you take!
If I did that, I'd never have a car
@@rhysl4759 so you’re telling us you’re irresponsible with money and like to be chained down to lenders. Weird take but ok.
I'm not sure how it may work elsewhere regarding trade-ins, but where I am (Ontario, Canada), you only pay the Federal and Provincial sales taxes (13% total) on the difference after trade. The result being that a $5,000 trade-in is effectively equivalent to $5,650 cash. The higher the trade value, the bigger the effect.
So there are gfs out there financing their bf's bike? I can't get my gf pay for my pizza
I knew a couple like that! They each "bought" new stuff for each other alllll the time! Cosigning on loans, financing cars, saying you're combining finances and "surprising" your significant other with a financed item like a TV and surround system, and only caring about the moment and how small the payment is. It was sooooo hard to not cringe in disgust while hanging out with them. I tried to talk sense into them but they were blinded by "the moment", and appearing like they were well off.
Sure enough, it all fell apart after about 2 years and that co signing on an auto loan came to bite him after they broke up and she stopped paying. All my warnings on debt and rolling over debt on vehicles came back hard... He was left with a dumb big tv, a sound system you can't use in an apartment, a ring, his own financed luxury car with 3 prior cars of negative equity rolled over, and a delinquent loan you cosigned signed for a person who is gone and not paying.
worst point in not knowing about manufacturers warrenties is that the rider doesnt know about the getting everything tightened up, i ran into someone in oklahoma who had never been told about the warrenty and had taken a brand new bike (triumph) from the dealership, and overthe next yer started to get more and more problems, on the day i met them they had done 6k miles and was getting worried about the noise coming from it, in that moment i asked "did you get told about the warrenty?" thier answer of no made me wonder if they knew anything about basic uk motorcycling training knowledge. So then i asked them to pop thier seat, they didnt even know how to do that, when they popped thier seat, still in pristine condition, was the manufacturers warrenty card, plus the toolkit thats i knew was supplied with that bike, all in thier shipping packaging ......
When i was looking into getting my first bike i wanted the fz09 but knew the fz07 would be way better for a starter. The salesman tried to talk me out of the 07 into the 09, long story short he was let go before i ever made a purchase and the new salesman steered me away from the 09 into the perfect bike for me
Beautiful advice. Love what you’re doing
I agree that you should always come in with your own financing. I don’t know if getting financing is different for bikes than cars but We got financing for our car from our credit union and they basically just gave us an APR percentage and an agreement to finance - not a check. Still, when we went to buy, the dealer was able to beat the percentage the bank offered so we went with them.
My first legit street bike is a 91 fzr 600 its got all the power i want and for a 450+ pound bike (full tank) it feels extremely light i really like it handles really well
You're a weird case of honest dealer, may God keep blessing you. Thanks for enlightening us with your knowledge.
I honestly can't wait to get a bike again. In 2019 I bought a 2004 Honda shadow sabre to remember my dad by because he passed away a month prior and he loved that bike. And unfortunately I got hit with hard times in 2020 and had to sell the bike.. that by far now has been my biggest regret.
My first car I financed at 18 I was talked into buying a $1000 third party warranty. 10 months later my timing belt went and took out a couple pistons. I went through the warranty bull only for them to deny my claim due to ‘previous owner negligence to maintain’.
I now never buy the 3rd party warranties and always go to my credit union
This is on par with a magician showing everyone how the illusions work. Dealers are gonna put out a hit on ole boy.
He rides the fastest bike on Amazon, good luck catching him.
Great advice for life as well as bikes. I have been riding for over 50 years and never financed a bike of accessories. Happy I found your channel.
The financing part, I told the dealership where I wanted them to call and when they told me what the interest was I called the bank to verify. You lie I fly, you need my business and I have no issue going somewhere else
The trick to all this stuff is know how to use a calculator. I've financed bikes that had incentive programs on them that made borrowing the money better than pulling money from interest bearing accounts. If that happens, throw your gear on there too. If you know you're going to pay off the gear or whatever quickly, you'd be out less $ in interest by rolling it on the loan than using a credit card... depends on the rates. Use a calculator.
In 40 years of buying cars and bikes, I've only met maybe two sales people who were knowledgeable and honest- and I've owned well over 100 cars and a dozen bikes. Every other instance, they either didn't know the product and made up or guessed incorrectly at details or attempted to hide things, change numbers (to their advantage), or straight up lie. Most recently a BMW dealer in Brooklyn told me it was illegal for them to pay me for the equity in a leased vehicle I was trading in- trying to scam $11,000.
I was very disappointed in my 2017 Bonneville, sold it after 3 years even though I financed it for 4, major breakdown every year, I had a headlight worked backwards, a balancer shaft let go, 3 seperate shifting failures, and my front tire tube had a hole right along the seam after 18000km. My dealership was great with all of that and always made sure I was covered beyond Triumph's "obligations" didn't buy my meanstreak from them but I will definitely give them the repairs. When a dealership takes care of you, it's only a good thing for them.
Dang that sucks
CB500 2 cyl. 1995~97, I don't remember precisely. What I do remember quite well. By the four year mark I sold the thing with a smidge more than 95,000km!
On the first months of ownership warranty had to be deployed because of a failing timing chain tensioner. Promptly replaced under warranty! Other than that trouble free! During those 95,000km. Normal maintenance and consumables were used, but really nothing more! That's for a bike that "slept" on the street, no garage, or anything other than the sky above! Really good record, the kind that created Honda's reputation! ;-)
I had a 2005 Triumph 790, I never had trouble with it.
@@drunkenpirate3201I bought a brand new 2016 Street Triple that leaked oil from the engine case after 4 months, the dealership fixed the problem, but I would definitely think twice before I ever bought a Triumph again, and the mechanic at the dealership said it was a common problem on those Street Triples.
For financing a vehicle I go to my credit union. My first car 1.2% interest. I was pre approved went into the dealerships looked around found what I wanted. They took me to the office and then I told them "oh I'm already pre approved here is the bank info". Unfortunately I had to wait 24 hours for the bank and dealership to give each other the need info but it was easy and no bs.
The best motorcycle dealer in US
🤣😂🤣😂🤣😂😂🤣
Cept they don't sell new factory bikes.
Right here in my Hometown of Landisville, PA!
He is the best and worst business man. He dont care about being a billionaire he just wants to share the love for bikes and make an honest living who will keep all there customers happy that 85% of companies would never help.
@@jamienew7048 thats why i want his dealership in Dubai. I bought a 2018 S1000rr in uae for 70000 and next year bmw came out witg a new s1000rr and when i went to trade in my bike for the new one they offrred me 50k for it . And note that it had no problems at all no paint issue not mechanical issue .
Most Honest Humble Dealer Ever. Wish my Drug Dealer was like that back when I was a Druggie. LOL
It’s amazing to me how YOU can get away with stating the words “BAD SITUATION” while simultaneously showing a couple taking their vows and getting married! Haha! STONES BROTHER! 😂😂😂
I thought the same. 🥶😬🤐
Yeah, I caught that too!
Very sound advice. I'm a 63 year old Harley rider looking to by another scooter. I went to 2 Harley dealerships in the Central FL area, and experienced 2 totally different types of salesman. One listened to what I wanted, and was interested in putting me in a Heritage. The other, wanted to sell me one of what he had the most of on the showroom floor, going as far to say that if I got the Street Bob I'd have women all over me! I laughed so hard that I peed a little, then walked out of the dealership. Don't let a salesman talk you into buying what they want you to get. You can walk out of that dealership at anytime during your visit. Thanks for this excellent video.
This video reminded me of another one of yours from a long time ago. A lot of gold in both!
It also reminded me of a time when I was buying a bike at a large, multi-brand dealership when a guy bought a beautiful, brand new R1 just before me... And then dumped it over at the first light a block away.
We all heard the crash from the dealership floor inside and could see him struggling with the remains through the large front windows. I remember the salesman immediately telling a co-worker, perhaps his supervisor, "he told me he could ride!" Having sufficient drama in my life already, I bought my bike and loaded it up.
I was all set to buy another bike yesterday myself... But my son, a medic, knowing this, texted me a photo from a call.
Three dressed Harleys and the lady in the car still drove over one, claiming she didn't see them. It was a bright sunny day.
It's important to know your capabilities as well as your surroundings.
Some people shouldn't ride some bikes. And some places are certainly more treacherous than others.
Hopefully we'll have another place away from so many people soon... Then I'll have a better case to plead!
Thank you again for this video! I love watching all of them. Blessings to you and your family!
Man I sit here and watch your videos like Netflix in my garage for about at least 2 hrs a day minimum love them all
I wish there were more people like you. A lot of dealers out here are just out to screw people.
Great Video. That just shows how Honest your Dealership is. It also shows your a good Christian. If I could drive a Bike that far from NY to Texas, I would definitely buy my next Bike from you. These 10 Tips will definitely help me on my next Bike Purchase. Thanks for making this Video.👍👍❤️
I wish I lived near you guys!!! You're always doing interesting stuff, I've learned so much in the one year I've been subbed. Thank you Sean, God bless.
Wow, real talk in this video. Great information on the dealership processes of selling, financing, etc. Thanks for sharing because I learned a ton of things from you. I financed my first bike way back in 1998. I was working full time, I had finished paying off my car and I got a low interest rate for the loan on my ZX-9R. I stopped riding back in 2009 (sold the bike) and started a family and bought a house. Now, I'm financially stable again and want to get back into riding. I'm earning more now, so to your point, I prefer to pay cash for my next bike. I;m at a point in my life where I don't want anymore 'monthly installments' for five years, if I can avoid it. One less bill to worry about. Great tips in this video. Thank you. And, your last tip had me on the floor with your "Man up!" comment. I agree wholeheartedly.
Lol, “he loves that Harley Davidson more” 🤣🤣
I just bought a 2005 Softail Deluxe for $12,000 cash three weeks ago. The reason I bought from a dealership is because the last one I purchased from a private seller was just jacked. He hit every little thing for me so I didn't realize till I got home the issues that I had. Going through a dealership I expected a little bit more quality. I was assured that all the fluids, brakes, plugs, and tires were all brand new in the bike was ready to ride for the summer. After giving the dealer $12,000 cash and riding home for 4 hours I lost control of the bike in my driveway. I found this to be odd and I've been going up and down this driveway my whole adult life. Upon lifting this bike I threw the front end out of alignment. I took it to my buddy's shop up the street and they spent a while realigning the front end and they found it the probable cause of my crash was that the tires were eighteen years old and had weird signs of wear at different spots and locations on them. I contacted the dealer and he said he would look into it and now he has blocked me. So his little mistake and loved I not only made me wrecking my driveway and cost me hundreds of dollars in damaged Chrome and a realignment. But it also could have cost me my life on the four-hour ride home! All I got to say is I don't trust anybody anymore I think most people are full of s*** and they only pretend to be good honest hard-working Christian Americans that wanted help us by taking our money
Most people are full of s*it.
RIGHT TO THE POINT... I have over an 800 credit score, always getting a lowest interest rate when purchasing any of my Trucks but, when i went to an HD dealer to purchase a TG I wasn't aware of them charging me 11% until I was reading some ppl complaining the they were charged a very HIGH rate also. I went and got a refinance at 3%...NEVER will I purchase another bike and NOT check out the interest rate....
Really awesome video. Glad you have that level of concern for people to help them in the buying process. Also speaks to the trustworthyness of your dealership.
Awesome video very helpful. Not looking to buy a bike but still helpful when buying a car. The warranty part was on point. Got screwed from a used car dealership who sold us on the warranty. I don't hold it against the dealership but the warranty is absolutely garbage. Awesome video you guys are awesome 👌
I love your warranty warning. I tell people to save their money and earn interest instead of buying a warranty. I teach microeconomics and this is just plain economics sense. Warranties generally make the warranty companies rich and no much else. It’s also best to finance on your own such as a credit union. You can often get better deals doing it yourself.
Hey now my first bike was a Hayabusa at 19! I still have it over 10 years later with 36000 miles
Great advice Sean! I thoroughly enjoyed your speel. I'm intending to buy my dream bike next yr, the Triumph Rocket 3gt it will certainly be all the money upfront! I've been badly stung by letting go our two cars by a car dealee here in Australia. I'll never forget them and infact, I tell all my friends not to go to that car dealership which is a major one over here.
Thanks for the advice mate.
I’m hoping I can one day buy a bike from you !!!
I live off of a fixed income. Military disability. And have a family . So money’s tight always 🤦♂️😂. We miss going for rides in the country. Had to sell my bike to make ends meet . Give me 4 to 20 years and I will be at your shop 😊
Love watching your content!!!!
I drove a stick shift car 5 spead I've had motorcycles with paftamarca warranties offeand I read in the fine print does not cover manual drive. Train train starts at the intake valves and ends at the exhaust valves, so so it covers nothing.. On a manufacturer's warranty, I had the voltage regulator go on a brand new 400 rebel.Took it back they put a new one on it took three days to get the part. Route it 15 minutes. The electrical took a dump, just managed to get it back to the shop. The ground wire was not connected properly. It was loose and the screw fell outhey covered the voltage regulators that covered the work to tear the bike half apart to get to the ground wire and put it back together. They had me out of the shop in 15 minutes. No charge for any of it. But that after market stuff, you gotta really read it carefully. They use 20 characters per inch. Which is really teeny, tiny print. And they exclude almost everything they can. They exclude electrical components. They exclude drive trains unless it's a northern manic. And if certain weather conditions they don't include the drive train you have to get it in. Service done at a specific shop that is geographically undesirable.Most times are unreachable in a reasonable time frand they will only authorize towing to their preferred shop list. Worse, they don't cover the so if that preferred shop is 250 miles away at $10 a mile which is another way.They get you with a hundred and fifty dollar hook you do the math.
I've been watching your vids on both channels for at least 2 years. This info and honesty is the reason I would buy/trade from you, and I live in VA. Love your content brother
As an auto mechanic, I’ve worked with aftermarket warranties. I like to say they cover everything but what’s broken
You just told me not to trust warranties, now you’re trying to sell me one.
I’m saying be cautious, but here is a warranty company that I trust
@@Srkcycles seems like an odd presentation of trust.... an affiliate pitch hidden in good faith advice that is obviously a ruse.
No salesmen
Only riders?
The good old days fade away.
@@pjmtts his point is that warranties are great, but not aftermarket warranties. He explained the way that aftermarket warranties screw you, which you don't have to look far to confirm that. After this he then presented an alternative that he knows about that operates a little different, is it advertising? Yes. Is it paid advertising? Maybe. If you care about warranty then check it out and if you dont then let the white noise of indifference wash over you and don't be offended.
@@Srkcycles what is your commission SRK?
Agreed... whether or not it's sketchy, it definitely has the appearance - especially when this video is considered a "campaign".
My credit union had a check ready in 45 min. Picked it up, and had my Triumph Storm that evening.
Most of my bikes I've bought from breaker's yards, rebuilt them and returned them to the road.
The cheapest they paid me was £20 to take it away and I fixed the ignition timing issue, took it up for MOT inspection and it passed.
Another time I bought 4 identical bikes for £75 and built 3 good bikes out of the 4, using the worst (crashed) bike for parts. It provided a low mileage engine to replace the knackered high mileage one in in of the others.
I've spent more money of riding kit than on the bikes that I ride.
Motorcycling is a very cheap activity, if one is a canny git and are prepared to do the work.
I got upsold a little on my last bike. I was planning on buying a Triumph Bonneville Black, but they didn't have one in stock. They took me back into the shop, and they had just pulled a new Bonneville T100 out of the crate. The paint job on it was almost the same as my old '77 Bonneville, so I sprung for the extra $1500 for it. That was in 2008 and even today, I have no regrets.
We've been trying to reach you concerning your vehicle's extended warranty. You should've received a notice in the mail about your car's extended warranty eligibility. Since we've not gotten a response, we're giving you a final courtesy call before we close out your file. Press 1 to be removed and placed on our do-not-call list. To speak to someone about possibly extending or reinstating your vehicle's warranty, press 1 to speak with a warranty specialist.
I say "Great, thanks! Let me get my papers out and find the value on my vehicle, then maybe I'll call back the number on my papers." Click.
The key here is understanding the computer dialed your number. If you're still listening to a recording, nobody hears what you said. If it's a person, the computer is not showing them your number and they usually cannot make outgoing calls. They are paid to wait for the computer to connect them to someone who it detects picked up. My heart goes out to these hard working people who deserve better, but I don't make enough at my job to help all those companies stay in business.
My policy is if I can't call you, I can't do business with someone I can't contact.
I've been getting these and didn't have a vehicle!
This is what a dealership looks like that cares about their customers. Very refreshing!
The 15 down votes are from people trying to convince their girlfriend to finance a Harley for them
Excellent! Great wit. Lol.
As someone who just got their license & their bike from a dealership I can't wait to see & hear something that I wish I would've known!
I learned all this stuff the hard way in my early 20’s. I even had people telling me how stupid it was to try and buy something I couldn’t afford. I was impulsive and yolo so I went upside down on a trade for the turbo that I financed at 8%..
8% isn’t too bad now a days dealers try saying 19%
As an ex franchise bike dealer comments are on point. Regarding financing, Dealer's do get a reserve percentage for financing. So if your private bank or credit union interest rate is same as dealer. Go with dealer. Helps keep the doors open.spot on regarding extended warranties.
You guys are a great example of how it is suppose to be done, thank you.
I'm 62 and would like to learn to ride. The most common advice is to get a used Honda Rebel. I recently heard that I should buy a new Honda Rebel because the dealer gets big bonuses for A. Selling a first bike to a person. B. Selling selling a first Honda to a person. C. A used Rebel is likely to have been wrecked and repaired. Is any of this a good reason to not buy a used Rebel?