Dealer Wouldn't Take My Check
Road Captain
Joined: Jul 2007
Posts: 552
Likes: 50
From:
so you're saying that if I make payments I can't afford a bike??? Lol...I'm surprised that you have any money at all with that logic. I got a bike loan for 2 percent...I keep my 25k in the market earning let's say an easy 8 percent...looks like I'm up 6 percent huh? Oh not to mention it only ads to my already stellar credit rating. Ride on
Oddly enough, I have more money than most Americans, because I've been extremely careful with it. I also have money in the market probably earning eight percent, but it is NOT guaranteed. Now if you can show me an investment where I'll earn a GUARANTEED two percent PLUS the income tax I'd pay on the interest for, say, four years (how long are bike loans? I have no idea), then I'll buy in on your logic.
If you buy a car or motorcycle using a loan, most lenders also obligate you to carry full coverage insurance. There's another several hundred dollars a year or more. I don't carry anything but high liability limits. My logic? Minor crash, little or no injuries, I'll cover it. Major crash, minor injuries, I'll say "Oh, well" and cover it. Major crash, death or major injuries, I have much bigger problems than a wrecked bike.
Guess that's why we have choices.
Road Master
Joined: Jun 2007
Posts: 1,047
Likes: 55
From: Ft. Myers
I know the 2 dealers here don't do checks . Unless you are local and they know you. When I went from a 2 wheller to a 3 . I used a check for the difference. But had the title in hand. They said they were burned before .
Sponsor
Joined: Jul 2015
Posts: 8,538
Likes: 1,646
From: SF Bay area
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Also on amazon.com...
Imitated, never equaled... ROCKOUTS!
Seasoned HDF Member
Joined: Jul 2012
Posts: 81,309
Likes: 36,894
From: Oklahoma City
http://www.foxbusiness.com/features/...customers.html
Edit: Since AmEx was specifically mentioned I want to add it appears their merchant agreement says if you impose a max it must be on all cards you accept and that will pass their requirement as well.
Last edited by OKMICK; Sep 21, 2017 at 07:50 AM.
Elite HDF Member
Joined: Mar 2014
Posts: 4,214
Likes: 661
From: Prior Lake, MN
Merchants are free to accept or not accept whatever types of payment they wish, and they have to live with the fallout of their policies. Many businesses will not accept checks anymore, but I've yet to have any check I've presented for a deposit or down payment for a major purchase be turned away.
Seasoned HDF Member
Joined: Mar 2014
Posts: 15,363
Likes: 24,227
From: NC, USA
In June I bought a 2017 F250 Super Duty. I gave the dealer a bank draft drawn from Navy Federal Credit Union and they said "no". I was ready to pull the plug on a 60K+ deal and they explained that they only accept "cashiers checks" not bank drafts. The dealer has been in business at the same location since 1957 so they obviously have more experience in buying and selling cars than me but it seemed kind of odd. Policies are policies and you either play by the rules or walk.
Cruiser
Joined: Dec 2009
Posts: 148
Likes: 46
Dealership took my check for RGS a couple of months ago. Though they did have that dealie where they run the check through a scanner of some sort that immediately cashed it on the spot so no risk to them.
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Sponsor
Joined: Jul 2015
Posts: 8,538
Likes: 1,646
From: SF Bay area
Knowing nothing of merchant agreements with credit card issuers I looked to see if a merchant can limit an amount. First thing that popped up indicates they can....
http://www.foxbusiness.com/features/...customers.html
Edit: Since AmEx was specifically mentioned I want to add it appears their merchant agreement says if you impose a max it must be on all cards you accept and that will pass their requirement as well.
http://www.foxbusiness.com/features/...customers.html
Edit: Since AmEx was specifically mentioned I want to add it appears their merchant agreement says if you impose a max it must be on all cards you accept and that will pass their requirement as well.
__________________________________________________ ____
For ROCKOUT information & purchasing please click HERE For all Twin Cams and Evo Big Twins & Sportsters
