How can you get a motorcycle loan with a recent bankruptcy and bad credit/low credit score?
I need transportation to go to work and with gas prices like they are I prefer a motorcycle rather than a car, but I had a recent bankruptcy due to medical bills and job layoff due to plan closing.
Public Comments
- Unless you have some colatteral to put up your problem up the creek: Other thing would be for someone with good credit to be th co-signer on the loan with a hefty down payment. Other option would be to buy from an individual who carried the loan themselves, who really wants to get rid of the bike they now have. None are good options but unfortunately-thats about all their is. Unless you steal one and then its jail time.
- cash
- It's probably a good idea to find a co-signer. Either that or find a buy here, pay here place. I've had clients that recently had discharges do very well with the buy here pay here places when purchasing new vehicles. Just find one with a motorcycle and be safe.
- You can't, unless you pay cash or have co-signer.
- Go to your local dealer and let them secure the financing for you. Most all of them have Special Finance departments now and they can help you.
- Try E-Loan, they finance motorcycles for people with bad credit.
- With recent bankruptcy it will be difficult to get one. But you can try first and if no choice is left you have to go for colateral. Apply for some auto loans online and see if you get some. You can get free quotes also. You can also try to repair your credit, There are some non profit organisations who help. To know more you can visit http://www.badcrediteasyloans.blogspot.com and http://www.creditcardbiz.blogspot.com
* Some answers may have been provided by Yahoo! Answers.