Here are several sources you may wish to consider for your
next new motorcycle loan. The follow lenders offer loans for
new bike, good and bad credit situations.
Factory Sponsored Financing
Most of your major brands will offer some sort of manufacturer sponsored financing
program for new motorcycles. These will commonly be your best financing deals
anywhere. Here's the most popular ones:
NOTE: Most of these seem to require pretty
decent credit, with the Kawasaki Card (HSBC Credit) seeming to
be the easiest to obtain. Most cycle dealers will accept these
cards on any cycle in their shop, not just that specific factory
make. So if a dealer sells Yamaha and Kawasaki, you can often
pay for your Yamaho with the Kawasaki Good Times card.
Harley
Davidson Financial also offers loans to less than perfect credit
borrowers via their Delta
Program.
Credit Unions
Credit unions are the most overlooked source for a loan out there.
Any good finance guy in the motorcycle business has good relationships
with at least one or two local credit unions. I recently purchased
a new Big Dog Mastiff with
10% down and got a 6.5% interest rate for 84 months through
a credit union after being turned down by a couple of other
sources. If you are in the market for a new Big
Dog or American
Ironhorse let me know and I'll gladly introduce you to
my source.
Capital
One Motorcycle Loans
If have a fair - good credit score you may also want to consider
a motorcycle loan via Capital
One. They offer loans and new and used bikes both from
the dealer as well as person to person purchases.
Used
and Private Party Motorcycle Loans > |