Apply for your
Motorcycle Loan before you walk into the Motorcycle Dealership
Contrary to popular belief, getting a vehicle
loan isn't impossible if you have bad credit or even no credit.
Obviously, that applies to financing for motorcycles. If you're
looking to get a new Yamaha motorcycle or a used Suzuki one, there
are loan options out there that can help you do that, regardless
of your credit history or current credit status.
If you have bad credit, what you need is guaranteed
Many lenders specialize in helping consumers with
particularly bad credit get a second chance. These lenders and
financial institutions offer guaranteed motorcycle financing,
provided that you have a job and are over 18 years of age. For
many of these lenders, those are the only two requirements that
they have for approving a loan for a motorcycle.
It's essential that you can assure the lender that you have an
ability to pay back the loan, which is why having a job is important.
Be prepared to have pay check stubs on hand that is typically
all the proof most lenders require for approval.
So, where do you start in finding these financial
lenders and companies that can help you? Online is a good start:
on the internet, there exists many lenders that offer guaranteed
motorcycle financing at competitive loan interest rates and manageable
and flexible loan terms. Many of these lenders are sub prime lenders,
but online, you'll be able to find other companies that can lend
- literally - a helping hand. In fact, many motorcycle dealerships
offer in-house financing that help people who otherwise would
have trouble getting financing approved due to bad credit, get
on new or used motorcycles in no time.
With in-house financing, motorcycle dealers cut
out the middlemen, and choose who to approve or not. With more
control over the approval process, these motorcycle dealers often
approve more consumers than they decline; after all, their end
game goal is to attract more and more customers that bring their
loans to fruition. By accepting most loans, those companies build
up a healthy and robust loan portfolio which in turn brings in
Whether you're limiting your loan options online,
or mixing it up with land-based lenders and dealers (and we recommend
both an online and offline approach), always be ready to read
your prospective loan's fine print carefully. You'll looking for
the best deal in terms of loan interest rates, and payment terms.
Make sure that you fully understand how much the loan will cost
you by the loan's successful termination. There are many free
loan calculators online that you can use to help you determine
what your best deal is.
Also, know that if you're able to make a down
payment for your motorcycle, the better since this will build
equity in your vehicle, and potentially lower your loan interest
rate, shorten your loan's terms, and lower your monthly payments.
So, if you have really bad credit or no credit,
don't let that stop you from finding the many financial institutions,
lenders and dealers offering in-house financing that can and will
help you, regardless of your credit status.
Honda Motorcycle Financing
Motorcycle & ATV Financing
Harley Davidson Motorcycle Financing
Davidson Financial Services
Suzuki Motorcycle Financing
Capital One Motorcycle Financing
Kawasaki Motorcycle Financing