Motorcycle Loans
Bad/No credit motorcycle loans?
Where can I get a motorcycle loan other than banks or credit unions that will accept bad/no credit? I’ve looked trough a ton of different websites, but I’m having trouble finding one that will approve me.
My credit score is around 550.
I’m looking to buy a 2008, 2009, or 2010 Kawasaki Ninja 250r.
Thanks!
My advise is not to buy anything on a loan. Repair your credit and buy a motorcycle with cash. If you don’t have the cash, don’t buy. Sorry to be so blunt, but paying 15% to 20% interest is just throwing away a huge amount of money. You and I don’t need a motorcycle. A motorcycle is not on the list of essentials. A guy on YA bought a bike, paid something like $10,000 over three years in payments, yet still owed $9,000 on a $10,000 motorcycle. He did not read the fine print. His loan was at 28% interest. During this time his motorcycle went from being new to being used. his $10,000 motorcycle was only worth at best $5K to $6K. yet he still owed $9,000. If you can’t secure a loan for 5% to 6%, walk away from the deal. Repair your credit. And live by a new motto. CASH IS KING.
Investing & Money Management : About Motorcycle Loans
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