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  1. #1
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    Credit Card...............

    Is there a way to make a 4k-5k purchase from a private seller with my credit card.....that has a very low rate?

    The object is a motorcycle and my credit union doesn't make loans on a used bike and the bank wants an arm and two legs......meaning I couldn't easily ride the bike.

    Yes it is a toy and I should pay cash, but it is a rare opportunity, and is probably a lot cheaper than the years of therapy that I desperately need.

  2. #2
    RacingBear UmneyDurak's Avatar
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    paypal? That being said do you know how to ride one?
    I see hills.... Bring them on!!!
    Stay calm and bring a towel.

  3. #3
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    UD,

    Yes.............

    My last motorcycle was stolen several years ago and I haven't replaced it due to other priorities.

    Now I have found a good deal but don't have the cash. Ironically I bought my last bike with a credit card, but it was bought from a dealership.

    Any more thoughts from anyone, including anything about PayPal, as UD suggested?

  4. #4
    Senior Member deraltekluge's Avatar
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    You're saying that a bank loan is more expensive than putting it on a credit card? That's very unusual. If all else fails, I suppose you could get a cash advance on the credit card...my credit card company is forever pushing that, probably because they make so much money on it.

  5. #5
    Senior Member skiahh's Avatar
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    Cash advance usually has a MUCH higher rate than a purchase. CC through Paypal is the best option, I think.
    www.teamnavycycling.org
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  6. #6
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    In my case, a cash advance on my CC is over 20% and that doesn't take into account the impact of new CC regulations.

    Apparently it has been a while since I checked with Bank of America about a bike loan.....because they no longer make bike loans. Perhaps that is why I used my CC when I bought my last motorcycle, albeit from a dealer.

    As I said, the credit union doesn't do loans on used bikes and they want to lend a minimum of $7500 on new bikes, so I will look at PayPal.

    Thanks and don't hesitate to make any other suggestions that may come to mind.

    Otherwise I will be taking donations.

  7. #7
    cycling 4 fun
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    Credit card companies love people like you. Unless this motorcycle is going to be your only form of transportation, I say think on it for a week before commiting. If you have self issues, buying stuff regardless of the "rare opportunities", only helps temporarley and eventually becomes a burden, compounding your self issues even further.

  8. #8
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    BZ,

    Interesting comments, but lets not over-think my query.

    I am seeking a solution to an issue, nothing more.

  9. #9
    Bike Junkie aadhils's Avatar
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    If just just a toy for you then why not just buy a 250cc bike? I got one for 3100.

  10. #10
    RacingBear UmneyDurak's Avatar
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    Quote Originally Posted by aadhils View Post
    If just just a toy for you then why not just buy a 250cc bike? I got one for 3100.
    I think you overpayed.... Speaking of motorcycles saw someone selling Daytona 675....
    I see hills.... Bring them on!!!
    Stay calm and bring a towel.

  11. #11
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    Quote Originally Posted by aadhils View Post
    If just just a toy for you then why not just buy a 250cc bike? I got one for 3100.

    When you get to a certain advanced age you sometimes want things you don't really need.....you just want the best, and this bike is something I have drooled over for years.

    Without getting into specifics, this is a large sport tourer......and since no one has told me how to buy it with a CC, I'm about to start taking donations.

    Thanks for the thoughts.

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