ATVForMe

Also, kind of on a side note, any idea what rate ATV's depreciate in value if you take good care of your machine? 

Thanks again Davefrombc, I will just have to check it out myself.  

I see what you mean about the interest.  I found this ATV calculator and I plugged my numbers into it.  I assumed an $8,000 loan for 5 years at 8% interest(I thought that may be conservative) and my monthly payment came out to $166 which is totally manageable....but I can see that my total payments including principal and interest are almost $10,000.  So I'm almost paying $2,000 in interest over the 5 years.  

Then I tried making the loan term 10 years and it seemed to double the amount of interest...but it did make my payment only about $100.  

But after weighing these results, I'd probably say if I can keep the loan term short enough, I won't have to pay very much interest...and it may be worth it.  

Fartknocker, great idea for the demo.  I didn't realize you could still get a warranty on an ATV demo but that sounds like a nice way to go.  

DaveFromBC, 

Any insight in to why you think a bank would offer a better rate?  Also, do you know how long  a typical ATV loan lasts or what the term is?   I'm going to find an ATV loan calculator do some math and see what I think.  

I like the idea of testing the waters to make sure I really enjoy it.  You are right, it would suck to get rid of a new(er) machine at a bad price.  Thanks for your input!

dillegm: Ya, it would be nice not having a payment.  From what I know, the CfMotos make some good machines.  Thanks for sharing your experience! 

I have enough money to buy a good used ATV outright but I don't want to purchase just a used one.  I would like to spend $8K to $10K to get a nice new ATV/Quad to go riding in the mountains with on getaways but to ride around the country when I'm at home.   

I have about $2K saved up but like I said, I can't afford the ATV I want with that.  Would that be enough money for a down payment? 

I can afford to pay about $200/mo on ATV loan payments if necessary.

Are there other places to get financing than through a bank?  Do ATV providers like Polaris offer loans?

I'm very inexperienced at buying an ATV so thanks for any help!