What is a good place to get a motorcycle loan with bad credit?
Public Comments
- Any really sleazy loan shark outfit should do just fine. Most cycle dealers offer credit in the form of "secondary market". Ask them for a "credit rebuilder". They will love you for your step right up attitude. Expect to pay usury, say around 25% or more. That means on a 5 year note you will pay over twice principal. Beter idea - save your money seriously for a year, put in some o time, get a second job, buy a little less of a bike than you planned and keep the money fiends off your back. Don't be a sucker, it aint worth it.
- I know that a lot of people wouldn't agree, but I bought one on my credit card one time. It was 0% for a year and I paid it off before it was due. It also helped my less than perfect credit. It was only a $2,000.00 loan though. That's all the credit limit they would give me at the time. That was probably good though since I would have overspent otherwise. I was young and my credit was a mess. I wanted a bike, and that's how I did it. I have heard that Harley Davidson financing is SUPER easy to get, but that limits you to Harleys and Buells though have heard they will finance other makes of bikes. I have gone through HD before and they had the best interest rate by far! That was fairly recently though and my credit is really good at this point.
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