Triumph giving away free motorcycles

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Triumph_Sprint_ST.jpgWant a new Triumph for the summer but don’t have any money? No problem, Triumph will let you have one for free. Well, with no money down, no payments and no interest for six months, they might as well be free.
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The offer applies to any brand new 2009 Triumph model, but is only good between April 28 and May 2, 2009. You probably also need good credit, it’s a shame we don’t have any. The small print reads:

Offer valid through authorized U.S. Triumph dealers only.  Offer valid on new previously untitled 2009 Triumph models.  Financing offer is valid through FreedomRoad Financial (FRF), a loan production office of Evergreen Bank Group, and is subject to credit approval by FRF.  Offer available to well qualified applicants only; your actual terms may vary.  Purchase and delivery must take place between April 22nd and May 3rd.  No interest for the first 180 days and no payments for the first 210 days.  The fixed annual percentage rate (APR) will range between 7.99% and 11.75% APR.  Based on the applicants past credit performance.  The average purchase payment term of 72 months and a 10.50% APR with an average amount financed of $11,000 results in a monthly payment of $206.63.  Not all buyers will qualify for this promotion and if approved may receive a higher rate and higher payment, depending on credit score.  Some buyers will require a down payment in order to receive credit approval.  Not valid with other financing offers.  Other terms, conditions, and limitations may apply.  Subject to model availability and dealer participation.  Subject to credit approval by FRF, not all applicants will qualify.  Subject to change or cancellation at any time.  See dealer for details.

Triumph

  • aoelus

    This isn’t serious, is it? Never before have so many caveats been assembled in one offer. Ultimately the buyer must win a game of 3 card monte to qualify. .

    • http://hellforleathermagazine.com Wes Siler

      The fine print looks pretty standard, but yeah, credit being what it is right now, you can probably afford to pay cash for the motorcycle if you can qualify to finance it.

  • Generic1776

    Damn, the Sprint ST has a great ass. I almost bought one about 4 years ago too.

    But for $10k-$11k there is an awful amount of old tech that they haven’t bothered to upgrade. (ok, I’m mainly sore about the minimal adjustability of the suspension)

    If it received the same love as the Speed & Street Triple or the 675 I’m sure they would move more bikes off the showroom floor, and the improvements would be paid for in sales volume.

    If the promotion has a tiered structure based on credit score, just be up front with the credit score expectations; you’ll get more traffic into dealerships if people already know where they qualify in the scale.

    You have a 700+ score? Go pick out a bike and the accessories you want, come back into the office, sign the paperwork and ride home.

    You have a 650+ score? $2k-$4k down and a 11% APR, billed monthly.

    Below 650? Go home and drool over pictures of bikes on the internet.

    Basically, kids don’t like to go to the amusement park only to find out you need to be over 6 feet tall to ride the rides. Tell them in advance they aren’t tall enough, they’ll be less likely to make a scene.

    • http://hellforleathermagazine.com Wes Siler

      Yeah, the Sprint ST is positioned strangely. Having ridden it, I’d gladly pay an extra $1,500 for real suspension. Then there’s the horribly plasticy headlights…

      It’s a great idea to make the credit score necessary to qualify for specific financing transparent. Maybe I would qualify, maybe I wouldn’t, but I’d be embarrassed to turn up and get turned down. They probably think the opposite, that the deal will get people in the showroom even if they won’t qualify.

    • ISellMotorcycles

      It is not based on credit score. It is based more on credit history. Different banks are looking for different things in that history such as length of accounts, income, debt to income, etc. For example a 20 yr old with a car thats been cosigned on as of last year and a Zales credit card may have a 750 beacon, but he’s not getting approved. You are correct about the tiers, but they are not always based on the score. So it’s really hard to determine if the customer will be approved or not without looking at their specific credit. If Triumph advertises the tiers then customers with approved credit won’t come in because they don’t think they will qualify. The first obstacle is to get the customer in the store and you know the rest. -Trey

  • Philip

    Hmm – credit schmedit. This is just an opinion (and may be as off beat as the strange off-brand whiskey that i am drinking), but after i was tired of cerfing yugoslavian teen porn, i stumbled on this.
    I own a Sprint ST. I love the thing. The front end isnt as bad as the back end. The back baffles me. It walks all over the shop and without a remote erservoir, any sort of two up is an outright adeventure. If anyone has effected any sort of decent upgrade, please let me know what oyu did.
    A;so, if toyu own any Sprint older than a 2008, go to your dealer (regardless of whether tyoyou are the original wowner ) and complain, complain, complain about the front brake (master) travel. There is a silent recall and you will get it replaced for free. The upgrade makes it feel mlike a new bike!!!
    Ok – back to my point – the REALLY sag thing is that despite how good these bikes are , their resale (alctualyl most bikes resale these days) sucks!!!!!1 Buy a used one that is 3 years old for less than half price./ they are a blast!!!!!!!!!!!!!!!
    dont forget to email me if tyou fixed teh back end!!!!
    Philip pthomas@carolina.rr.com

    • Generic1776

      There is a great solution for the rear, but it isn’t cheap. “buy custom”

      I went 3 years riding stock while I saved up to “go big” and I recently went to Race Tech and bought one of their new G3-S custom jobs (with all the bells and whistles).

      It’s worth it. You’ll actually be so happy, you’ll have a hard time justifying replacing your bike.

    • http://www.faport.com FAPORT INTERNATIONAL

      I am willing to introduce motorcycle clothing , made in Leather and Textile. We are also having a range of accessories like safety jacket and gloves for bikers.

  • Dwight-675

    I bought my last two bikes this way, but I had the cash saved up to pay the whole nut.

    Be aware that many times these deals roll ALL the interest for the first six months into the total if you don’t pay the bike off within six months.

  • sam

    phillip is representing CAROLINA! keep it up man! but seriously, these things are scams that are nice enough to let you own the motorcycle for six months before ripping your face off

  • Foreigner1

    I think it is a grave mistake to buy on credit anyhow- Buying on credit costs you over all on average about 1 third extra on the original price- anyhow it is more, even if the percentage is better. So if you buy on credit, you are a thief of your own wallet. Save money, bide your time and then pay all at once. If you can pay cash, most times you can even get a nice extra discount that you can spend on extra gadgets or other more needed priorities.

  • ISellMotorcycles

    How about Yamaha and Kawasaki have been doing this for years now, but its not so complicated. I did 0 payments 0 interest for 12 months with Yamaha, and the promotion ran for 6 months not 11 days. Essentially the way it works is you have a high balance credit card, but it is attached to a VIN so its not like having 10k on an open line of credit. You will have this promotion for 1 year or 2 years with a little interest. I don’t understand why it is such a big deal that Triumph is offering this. It is no secret that the Japs have this program figured out. -Trey

  • Generic1776

    Thanks for your input Trey.

    You’re right about the debt-to-income, it all comes down to if you can afford to save to buy it, you can afford to buy it; which you may as well pick it up that day and pay interest as a fee for riding it home early. (as compared to if you saved up for the purchase)

  • http://no ali

    nice