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.
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.