Even though I explicitly told them not to sign me up for any credit cards,
the dealer apperently did. So I get this black Kawasaki credit card in the
mail with a 15,000 dollar limit and I'm thinking - great just what I need
another credit card.

Buying a motorcycle should not entail getting hit up for a credit card,
that's definitely a strike against Kawasaki. I'd hate to think the other
manufacturers do the same.

Eigenvector wrote:
> Even though I explicitly told them not to sign me up for any credit cards,
> the dealer apperently did. So I get this black Kawasaki credit card in the
> mail with a 15,000 dollar limit and I'm thinking - great just what I need
> another credit card.
>
> Buying a motorcycle should not entail getting hit up for a credit card,
> that's definitely a strike against Kawasaki. I'd hate to think the other
> manufacturers do the same.

Did you pay cash for the bike? If you financed the bike through
Kawasaki you probably agreed to getting the credit card as part
of the deal.

--
'01 SV650S '99 EX250-F13 '98 ZG1000-A13
OMF #7

Eigenvector <m44_master@yahoo.com> wrote:

> Even though I explicitly told them not to sign me up for any credit cards,
> the dealer apperently did. So I get this black Kawasaki credit card in the
> mail with a 15,000 dollar limit and I'm thinking - great just what I need
> another credit card.
>
> Buying a motorcycle should not entail getting hit up for a credit card,
> that's definitely a strike against Kawasaki. I'd hate to think the other
> manufacturers do the same.

And we wonder why there's a debt problem in the US.....

Actually, I just got sent an airline credit card. I was going on
holiday, and at very short notice (like the night before) a prospective
employer asked to see samples of my work.

"Just post it from the airport," he said.

Except, as I discovered, you can't post anything except slim postcards
from UK airports any more, can you? Because they might be bombs. Or
drugs. Or illegal immigrants. Or whatever.

So I was desperately trying to find *someone* who'd stuff this fat A4
envelope into a letterbox outside the airport. Airport and airline stuff
refused point-blank.

And there was this guy trying to sign up people for a British Midland
Airlines card, and as I know these people get commission on every
signing, a deal was struck :-)

Bless him, he did, too. And last week I got a BMI card. Only as it's
underwritten by MBNA, they halved my credit limit to (the equivalent of)
about 33k dollars, split between the two cards.

I didn't see the point in having two CCs for the same bank, so called
them up, cancelled the BMI card, and restored the credit limit on the
other one.

I do hope they don't back debit the guy's commission :-)

(And I haven't heard about the job, so I doubt I've got it now. Bummer.)


--
BMW K1100LT Ducati 750SS Honda CB400F, SL125 & SH50
GAGARPHOF#30 GHPOTHUF#1 BOTAFOT#60 ANORAK#06 YTC#3
BOF#30 WUSS#5 The bells, the bells.....
chateau dot murray at idnet dot com

"Eigenvector" <m44_master@yahoo.com> wrote
> Buying a motorcycle should not entail getting hit up for a credit card,
> that's definitely a strike against Kawasaki. I'd hate to think the other
> manufacturers do the same.
But just think what Georgie Bush would have done with a new credit card ....

"Mark Olson" <olsonm@tiny.invalid> wrote in message
news:13ud36pipltkn56@corp.supernews.com...
> Eigenvector wrote:
>> Even though I explicitly told them not to sign me up for any credit
>> cards, the dealer apperently did. So I get this black Kawasaki credit
>> card in the mail with a 15,000 dollar limit and I'm thinking - great just
>> what I need another credit card.
>>
>> Buying a motorcycle should not entail getting hit up for a credit card,
>> that's definitely a strike against Kawasaki. I'd hate to think the other
>> manufacturers do the same.
>
> Did you pay cash for the bike? If you financed the bike through
> Kawasaki you probably agreed to getting the credit card as part
> of the deal.
>
> --

I paid credit to be sure, far easier for me to pay off the bike in 2 chunks
over 2 years rather than put down the sum total at once. They did offer the
card at signing, I declined, but I guess that didn't do too much.
Presumably I can chalk that up to the stealership rather than Kawasaki.
Strictly speaking it isn't a traditional credit card, rather more like a
membership card, since its only good for Kawasaki gear.

Eigenvector wrote:
> Even though I explicitly told them not to sign me up for any credit cards,
> the dealer apperently did. So I get this black Kawasaki credit card in the
> mail with a 15,000 dollar limit and I'm thinking - great just what I need
> another credit card.
>
> Buying a motorcycle should not entail getting hit up for a credit card,
> that's definitely a strike against Kawasaki. I'd hate to think the other
> manufacturers do the same.
>

Oh, and check page 52 the fine print, the annual fee for the card is $99

In article <XuOdnWNd9fQyPnvanZ2dnUVZ_q-jnZ2d@comcast.com>,
"Eigenvector" <m44_master@yahoo.com> wrote:

> "Mark Olson" <olsonm@tiny.invalid> wrote in message
> news:13ud36pipltkn56@corp.supernews.com...
> > Eigenvector wrote:
> >> Even though I explicitly told them not to sign me up for any credit
> >> cards, the dealer apperently did. So I get this black Kawasaki credit
> >> card in the mail with a 15,000 dollar limit and I'm thinking - great just
> >> what I need another credit card.
> >>
> >> Buying a motorcycle should not entail getting hit up for a credit card,
> >> that's definitely a strike against Kawasaki. I'd hate to think the other
> >> manufacturers do the same.
> >
> > Did you pay cash for the bike? If you financed the bike through
> > Kawasaki you probably agreed to getting the credit card as part
> > of the deal.
> >
> > --
>
> I paid credit to be sure, far easier for me to pay off the bike in 2 chunks
> over 2 years rather than put down the sum total at once. They did offer the
> card at signing, I declined, but I guess that didn't do too much.
> Presumably I can chalk that up to the stealership rather than Kawasaki.
> Strictly speaking it isn't a traditional credit card, rather more like a
> membership card, since its only good for Kawasaki gear.

IIRC, motorcycle dealers use the credit card option to put the entire
responsibility for the motorcycle in your hands, all at once.

You receive a title, no liens attached, and now have a credit card bill
for the entire bike price to pay off, rather than being responsible for
monthly payments to the dealer or a local bank. No repossessions, no
requirement for comprehensive insurance during the loan term. This is
also how folks can afford to buy a sportbike and only pay for liability
insurance at the legal minimums in stead of the big hit from a
comprehensive policy.

Since you already have the credit account open - they figure you might
just as well have a card to keep the principle growing with accessory
purchases and the like.

Mike G.
-

On Mar 25, 3:58*pm, Mike G <mgl...@mindspring.com.invalid> wrote:
> Since you already have the credit account open - they figure you might
> just as well have a card to keep the principle growing with accessory
> purchases and the like.

A cousin of mine got into this nonsense last year, and may be in
serious trouble over it -- because he's an idiot who doesn't
understand how to read a finance contract (or even how/why credit is
really offered).

This is generally called a "revolving credit" loan or similar.
Basically, the finance company gives you a credit card with a ten to
twenty thousand dollar limit, upon which the balance for the bike (or
boat, etc.) is placed. As you said, there is always several thousand
dollars in extra credit available for use.

The interest rate on the card for the first 24 to 36 months is
generally low (say. 1.9 percent). Thereafter however, it skyrockets
(say 20 to 30 percent). If you don't pay the bike off in the given
amount of time, you're fucked. Likewise, an extremely high rate of
interest is placed upon any late payments and surcharges. It's not
like a conventional loan -- it's blatantly geared toward enslaving
stupid people who already have marginal to poor credit. With any luck
on the finance company's part, the creditee will fall into his/her
normal behavior and soon be making perpetual payments.

Let the Good Times Roll®, indeed. Especially if you're smart enough to
capitalize on the stupidity and laziness of others.

Cheers,

Tim Kreitz
2004 ZRX1200R
2003 ZX7R
DoD #2184
http://www.timkreitz.com

"Tim Kreitz" <timkreitz@yahoo.com> wrote in message
news:0bd462aa-5ce3-4fd8-aaa4-856934b95997@m36g2000hse.googlegroups.com...
On Mar 25, 3:58 pm, Mike G <mgl...@mindspring.com.invalid> wrote:
> Since you already have the credit account open - they figure you might
> just as well have a card to keep the principle growing with accessory
> purchases and the like.

A cousin of mine got into this nonsense last year, and may be in
serious trouble over it -- because he's an idiot who doesn't
understand how to read a finance contract (or even how/why credit is
really offered).

This is generally called a "revolving credit" loan or similar.
Basically, the finance company gives you a credit card with a ten to
twenty thousand dollar limit, upon which the balance for the bike (or
boat, etc.) is placed. As you said, there is always several thousand
dollars in extra credit available for use.

The interest rate on the card for the first 24 to 36 months is
generally low (say. 1.9 percent). Thereafter however, it skyrockets
(say 20 to 30 percent). If you don't pay the bike off in the given
amount of time, you're fucked. Likewise, an extremely high rate of
interest is placed upon any late payments and surcharges. It's not
like a conventional loan -- it's blatantly geared toward enslaving
stupid people who already have marginal to poor credit. With any luck
on the finance company's part, the creditee will fall into his/her
normal behavior and soon be making perpetual payments.

Let the Good Times Roll®, indeed. Especially if you're smart enough to
capitalize on the stupidity and laziness of others.

Cheers,

Tim KreitZ

__________________________________________________ ________

Apperently you guys are talking about something completely different than
was offered to me.