Motorcycle Loans - Steps To Prevent You From Being Caught Up Side DownWritten by Jay Fran
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A common view that many people have is that they will just surrender their motorcycle to lender if they are caught in an “up side down” position. If you are considering this option don’t! Your worries do not just end after your bike is surrendered or repossessed; in fact they are just beginning. The lender will sell your bike at an auction for much less than it is worth. You will still owe difference between amount you owed on your loan and amount motorcycle sold for at auction. So if you owe $5000 and bike sells for $1500, you still are responsible for owing lender $3500. To make it worse lenders may tack on hefty auction fees which you will owe as well. So net result is that you are now responsible for making monthly payments on a bike you can no longer ride.
So what steps can you take to prevent from being caught “up side down”?
1. Find a lender that uses simple interest. Avoid lenders that use pre-computed / Rule of 78 interest calculations.
2. Always try to put money down on your purchase.
3. Try to avoid motorcycle loans that extend past 36 months.
Copyright (c) 2005, by Jay Fran This article may be freely distributed as long as copyright, author's information and below active live link with anchored text is published with article:
Motorcycle Loans, Bad Credit Motorcycle Loans, Motorcycle Loan Guide
Jay Fran is a successful author and publisher at http://www.motorcycle-financing-guide.com. A comprehensive resource on how to have the best experience and get the best deal on motorcycle financing, bad credit motorcycle loans, high risk motorcycle loans and motorcycle buying.
Ford Escape Hybrid: First Gas-Electric-Powered SUV and Ford Replacement Parts for Its Exceptional PerformanceWritten by Jenny Mc Lane
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The Escape's hybrid engine shuts down at rest to conserve fuel. When driving resumes, SUV's 70-kilowatt traction motor generator can launch vehicle on electric power. When it's needed, generator starts gas engine without increased emissions produced when a conventional engine is started The Escape Hybrid also produces as little as half amount of carbon dioxide (greenhouse gas) as a conventional gas engine. It produces 97 percent less hydrocarbon and oxides of nitrogen emissions than vehicles meeting today’s required emission standards. That qualifies it for Advanced Technology Partial Zero Emissions Vehicle (AT-PZEV) standards designation. Being leader in development of low emission vehicles, Ford continually develops projects that will someday result in practical hydrogen-powered vehicles with no greenhouse gas emissions. As zealous as Ford in continually upgrading its products to suit every client needs, Partstrain is always looking for superior and quality workmanship for its product lines. Only finest Ford auto body parts comprise its stock.
Find, compare and buy Ford Automotive Parts, Accessories, and other Car products at Its online store http://www.partstrain.com/ShopByVehicle/FORD We supply discount ford parts for Ford Courier, Ford Explorer, Ford Escape, Ford Econoline Van, Ford Expedition, Ford Taurus, Ford Maverick, Ford Falcon, Ford Thunderbird, Ford Fairlane, Ford Crown Victoria, Ford F-series pickup and many other Ford models.
Jenny McLane is a 36 year old native of Iowa and has a knack for research on cars and anything and everything about it. She works full time as a Market Analyst for one of the leading car parts suppliers in the country today.