buying a buy ?'s....
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buying a bike ?'s....
Im just wondering is what kind interest rate would a 19 year old get financed at for a bike ? Will they financed a used bike ?…I know the interest will be higher since it is a used bike but I really don’t want to buy a new bike for the fact that ive never rode before….any places you would recommend? Thanks a lot Julian
Last edited by GsEclipse02; 09-05-2005 at 01:54 PM.
Originally Posted by qazvick
Buy a POS bike for like $2k cash since you've never ridden before.
OR if your really stuck on buying a new/used bike, instead of financing at a dealership take out a personal loan at your bank. That way your interest rate should be lower, you should have a higher chance at getting approved(due to your age, but credit history might be iffy also because of your age)and if its a personal/signature loan you can use it for whatever and wont have to carry insurance on it. Now I know when you buy a new bike most dealers wont require to you purchase insurance, but for your age and a used bike Im not sure. Taking out a personal loan from your bank is almost the same as walking in with cash.
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Originally Posted by Ralph
+1
OR if your really stuck on buying a new/used bike, instead of financing at a dealership take out a personal loan at your bank. That way your interest rate should be lower, you should have a higher chance at getting approved(due to your age, but credit history might be iffy also because of your age)and if its a personal/signature loan you can use it for whatever and wont have to carry insurance on it. Now I know when you buy a new bike most dealers wont require to you purchase insurance, but for your age and a used bike Im not sure. Taking out a personal loan from your bank is almost the same as walking in with cash.
OR if your really stuck on buying a new/used bike, instead of financing at a dealership take out a personal loan at your bank. That way your interest rate should be lower, you should have a higher chance at getting approved(due to your age, but credit history might be iffy also because of your age)and if its a personal/signature loan you can use it for whatever and wont have to carry insurance on it. Now I know when you buy a new bike most dealers wont require to you purchase insurance, but for your age and a used bike Im not sure. Taking out a personal loan from your bank is almost the same as walking in with cash.
i plan to spend only like 4000 +or - i dont want to spend that much on it ... but i also dont want to be driving some beater ass bike you know.... ill have to go and talk to my bank then
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Originally Posted by GsEclipse02
i plan to spend only like 4000 +or - i dont want to spend that much on it ... but i also dont want to be driving some beater ass bike you know.... ill have to go and talk to my bank then
good luck, youll need it.
when I was 19 and I can guarantee I had better credit backing me I was still denied.
REason being is not long term existing accounts. why would they trust someone who has only had a credit card for a year.
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Originally Posted by FiReBReTHa
good luck, youll need it.
when I was 19 and I can guarantee I had better credit backing me I was still denied.
REason being is not long term existing accounts. why would they trust someone who has only had a credit card for a year.
when I was 19 and I can guarantee I had better credit backing me I was still denied.
REason being is not long term existing accounts. why would they trust someone who has only had a credit card for a year.
+21675127356
Listen to this... my credit card with my bank.. the limit was 2300. I asked to increase it, they denied me (Good credit, just not old enough). Yet, one week later, I get approved at the dealership for up to $11,500.
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Originally Posted by five0rx791
i hope you spent a lot less on than 11,500 on that new gixxer Mat Pat
You are correct. It was 9,400 out the door. They just APPROVED me for it. I guess so that I would go buy a 1000 or something. I don't know. Cause isn't the new 1000 around 11,000 before taxes?
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Originally Posted by Ralph
+1
OR if your really stuck on buying a new/used bike, instead of financing at a dealership take out a personal loan at your bank. That way your interest rate should be lower, you should have a higher chance at getting approved(due to your age, but credit history might be iffy also because of your age)and if its a personal/signature loan you can use it for whatever and wont have to carry insurance on it. Now I know when you buy a new bike most dealers wont require to you purchase insurance, but for your age and a used bike Im not sure. Taking out a personal loan from your bank is almost the same as walking in with cash.
OR if your really stuck on buying a new/used bike, instead of financing at a dealership take out a personal loan at your bank. That way your interest rate should be lower, you should have a higher chance at getting approved(due to your age, but credit history might be iffy also because of your age)and if its a personal/signature loan you can use it for whatever and wont have to carry insurance on it. Now I know when you buy a new bike most dealers wont require to you purchase insurance, but for your age and a used bike Im not sure. Taking out a personal loan from your bank is almost the same as walking in with cash.
I believe personal loans are VERY hard to get. It's my understanding that you not only need colatoral but extremely good credit. The interest rate on these are usually higher then your typical bike/car loan. They are also generally short term. Like 12-24 months.
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Originally Posted by Cronic
I believe personal loans are VERY hard to get. It's my understanding that you not only need colatoral but extremely good credit. The interest rate on these are usually higher then your typical bike/car loan. They are also generally short term. Like 12-24 months.
