My boyfriend tried a while ago to get a motorcycle and they said his credit wasnt good enough. Does anyone know the average credit score it takes to get one? Or who gives loans the easiest? He wants a Suzuki GSX-R the most but is pretty flexible.
2006-11-19 08:09:22 · 8 answers · asked by xxxxxracheyxxxxx 2 in Cars & Transportation ➔ Motorcycles
He paid all his bills before he just didnt have anough credit established yet. He's only 19.
2006-11-19 08:21:56 · update #1
His credit wasnt HIGH enough. Not bad at all.
2006-11-19 08:39:52 · update #2
he needs to get the bad debts paid off and then his credit score will rise enuogh to get a motorcicyle. hell he never paid his bills before and you want him to get another bill not to pay.
2006-11-19 08:16:37 · answer #1 · answered by roy40372 6 · 0⤊ 1⤋
Problem with people with bad credit is that they're pretty irresponsible on the road, too. I hate to use the example but perhaps it's a sign that he shouldn't have a GSX-R. The only thing that bike will do is get him killed. There are plenty of other bikes out there that will suit his needs just fine, AND he won't have to pay a year's worth of salary to insure the bike.
Having 100 horsepower between your legs is fine, if you've got a few years of riding experience under your belt. For someone brand new??? Buy a smaller bike, and stay alive to enjoy it.
As for your credit question, a mediocre score should qualify you for a bike...but watch out, the financing offered thru bike manufacturers is tricky...2.5% the first year in interest, followed by 25% interest for the remainder. Read the fine print before doing anything. I was lucky, I bought both of my bikes with cash.
2006-11-19 08:24:47 · answer #2 · answered by vamedic4 5 · 0⤊ 1⤋
Lenders want to give you money. If they say no there is a good reason.
A GSXR is a death sentence to a new rider.
Maybe he should slow his roll?
If you must get a loan you can go through high interest lenders like Beneficial/citi financial. We found one here local that insures the loan. That mean if the bike is totaled the insurance pays the remainder of the loan and you keep the bike.
We send people there all the time.
2006-11-19 15:00:39 · answer #3 · answered by Anonymous · 0⤊ 0⤋
i have had both, Honda and Harley The Harley I had replaced right into a pink 2001 highway King classic, it replaced into the most eye-catching motorbike I ever owned. notwithstanding it replaced into also the most severe priced. Harley's have a mind-blowing sound and look to them, yet they don't seem a stronger motorbike so a strategies as being sturdy or of their operating. It afflicted me having a lot money tied up in a motorbike ($15000) I basically bought the line King and am about to purchase a used Honda Shadow Sabre that's one 12 months more recent than the Harley with a million/3 the miles on it for a million/3 the cost. i am going to likely under no circumstances purchase yet another Harley.
2016-10-16 09:42:34 · answer #4 · answered by lubin 4 · 0⤊ 0⤋
tell me about it had the same bank for 40 years never in red always had money in but would not give me a credit card, always payed cash,
buy something small from a catalog, pay it of in 2 payments do this with a few others thats how i got my credit rating up takes a few month though,
2006-11-19 09:40:58 · answer #5 · answered by quasar 6 · 0⤊ 0⤋
The problem is that a motorcycle is considered a luxury item by credit agencies. so you would need credit good enough to buy a 10,000 dollar piece of jewelry
2006-11-19 08:26:02 · answer #6 · answered by Super Cleat 3 · 0⤊ 0⤋
A 19 year old man is going to have a very hard time financing and insuring a rocket bike without a co-signer.
2006-11-19 14:22:13 · answer #7 · answered by Anonymous · 0⤊ 0⤋
you can always buy a used one or put in on your name
2006-11-19 08:41:24 · answer #8 · answered by Matt 3 · 0⤊ 0⤋