You will never get the bike out the door for $3,800.Hello, there are a couple of dealers selling the r3 for 3,800. I'm a first time buyer so I don't know how much I'll need upfront to finance the bike.
You put down whatever you want to put down. You can probably go ZERO down, but your payments will be higher per month. Financing anything is about 3 things:
1. Total cost of the thing you are buying
2. Interest rate
3. Duration of the loan
A "down-payment", or a "trade-in" will affect the value of #1 .
Your "credit rating" will affect the value of #2 .
That "$3,800" bike, will be $5,000 at the bottom of the sales contract. Maybe more. If you put $1,000 down, you finance $4,000.
With an interest rate of 3.0%, and a duration of 48 months, your payment would be $88 per month.
( Don't forget to factor-in Insurance costs, and riding-gear if you don't already have it! )