Well what I'm doing is trading in my 07 for an 08 and I've never missed a payment and never will so I'm good on that. The thing is I'm with HSBC right now and they gave me 7.95% for two years so in february my two years is up and it goes to 17.8%.

Now what I want to do is trade in my bike get the 08 and I will owe more money probably end up at like 12,000 or so but itll be at 1.99% apr with Sheffield financing who now took over for HSBC for suzuki and the 1.99% never goes up its there till you pay the bike off.

So the question really is, is it worth it to take out a private loan through the bank for my current balance at their apr or should I get the new bike have a higher balance by a few thousand but 1.99% apr. Keep in mind I'm in college I can only make minimum monthly's right nwo but once I'm out I will bank enough to pay it off in probably 2 years. I'm thinking the higher balance at lower apr will actually end up costing me less money in the future but I'm not sure.