2006-09-25 14:07:48 · 7 answers · asked by Anonymous in Cars & Transportation ➔ Motorcycles
If it's a new bike, your dealer will have some sub-par lenders he can set you up with. Be prepared to pay about 10-20% down, and you'll get stuck with a rate somewhere in the mid to high teens.
BUT...
The good news: You'll have a bike!
BTW, don't forget about insurance. You'll have to get full coverage if you're financing the bike! Your best bets are Geico, Progressive, Dairyland, for insurance.
Good luck!
2006-09-25 15:09:14 · answer #1 · answered by Rusty Shackleford 4 · 0⤊ 0⤋
You don't, you pay cash.
If you are a bad credit risk, why would anyone want to finance you on a motorcycle, that you might get killed on and never pay the debt.
The only way you can get a finance company to buy the bike, is to buy an insurance plan, which will pay off the loan if you are killed.
2006-09-25 14:36:42 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Let me school you on how to get a loan with badddd credit.
It's all about the down payment. You hear these ads, no credit needed, we finance anyone.
Well, as long as the downpayment is big, anyone will finance you.
2006-09-25 14:11:50 · answer #3 · answered by Madonna1 2 · 1⤊ 0⤋
This site has some links to companys that offer motorcycle loans for those with not so great credit:
http://www.motorcyclegiftshop.com/motorcycle_loans.html
2006-09-26 03:50:06 · answer #4 · answered by lepninja 5 · 0⤊ 0⤋
locate a private loan shark - sorry, I meant agency that specialises in securing loans on automobiles. those are oftentimes larger interest bearing, yet when you've a foot on the ladder you'd be able to regulate to a agency charginging a lot less interest.
2016-12-02 01:48:04 · answer #5 · answered by navaro 3 · 0⤊ 0⤋
Take out a bank loan to pay for the bike. It'll save you on insurance too.
2006-09-26 08:46:51 · answer #6 · answered by FangStu 3 · 0⤊ 0⤋
www.helpmeride.com
2006-09-25 16:04:39 · answer #7 · answered by drubaby32698 3 · 0⤊ 0⤋