Motorcycle loans?

[SSMAN]

Who gives them an what kind of interest rate can i expect? Very good credit. Lookin for a used motorcycle

[ram57ta]

Who gives them an what kind of interest rate can i expect? Very good credit. Lookin for a used motorcycle

Any bank or credit union, motorcycle dealerships will give you a loan but you will likely have a fairly high interest rate because lenders view motorcycles as non-essential PLEASURE/Entertainment vehicles and not as transportation. I was far better off when buying my Blackbird by just getting a personal loan and paying it off quickly.

[lincolnboy]

or better yet, just get a personal loan and sabe on the interest rates.

[Shaggin Wagon]

GE capital did mine. Kinda high interest rate, kinda crapy credit, no money down on a 5K bike.

[SSMAN]

Thanks guys, I will check into a personal loan and see how that goes. Last time I check I was 800 + on credit score. So hopefully that will help. But I am not looking to finance more than 8K on a jap bike.

[fordracing19]

https://WWW.penfed.org

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[fordracing19]

https://www.penfed.org/other-vehicle-loans/ 6.49%
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[SSMAN]

WWW.penfed.org

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Man, you have always been a big help to me. Please let me know if i can ever return the favor.. Shit , I will buy you dinner and drinks an chance I get.

[FullSizeMike]

https://www.rbfcu.org/NB/html/Reference/Rates/ConsumerRates.htm#loanMOTR

[fordracing19]

Man, you have always been a big help to me. Please let me know if i can ever return the favor.. Shit , I will buy you dinner and drinks an chance I get.

No problem!

[PeeWeeC5]

Another vote for pen fed. I got in at 1.9% on a personal loan.

[Pokulski-Blatz]

Thanks guys, I will check into a personal loan and see how that goes. Last time I check I was 800 + on credit score. So hopefully that will help. But I am not looking to finance more than 8K on a jap bike.

What kind of bike are you looking for? Had a bike before?

[Lason]

That penfed looks like a good option. Anywhere is better than the dealers! We were talking about rates we got in my motorcycle saftey course and all the harley sheep were bragging about 12%+. I told them I was pissed I got 5% through my credit union and they all looked at me like I was crazy.

[ram57ta]

That penfed looks like a good option. Anywhere is better than the dealers! We were talking about rates we got in my motorcycle saftey course and all the harley sheep were bragging about 12%+. I told them I was pissed I got 5% through my credit union and they all looked at me like I was crazy.

Yeah its kinda funny (not really) how a lot of Harley and newbie sportbike riders think they are SOOOO smart when they finance with a dealer and end up with a 12-16% interest rate. I did a personal loan thru my credit union back in 02' for 5 grand to get my Blackbird and I think it was at 4.9%....at that time my credit score was around 780.

[Skidmark]

Most finance companies require full coverage and on some bikes that can be big money.

Factor that in to get a big picture number.

For me, a personal loan may have a higher interest rate, but having liability makes it cheaper.