Motorcycle Financing - Pirate4x4.Com : 4x4 and Off-Road Forum

bearslayer2829 · 04-30-2012, 04:18 AM

Where is the best place to get financing for a cruiser style motorcyle? Low 700 credit score but the only thing in my wife has in her name has ever been was a credit card that i've had for about 1 year. Trying to get me a toy and get her credit started up also.

blown84gt · 04-30-2012, 05:21 AM

Probably the easiest would be through the manufacturer of said motorcycle, they all have financing. I've noticed a ton of commercials touting "get out and ride" type incentives that are going on right now though they are probably dependent on your credit score. Not sure what the banks/credit unions have going on, you just have to shop around.

sonofmayhem · 04-30-2012, 05:27 AM

I'd use my credit union/bank unless I planned on paying it off in a year or so.(before the special offer ends) Typically they hold better rates.

bearslayer2829 · 04-30-2012, 05:48 AM

The lowest my credit union interest rate is 7%. Yamaha has 3.99 for 3 years right now. I would pay it off before them 3 years was up so that may be the way we end up going.

vintagestrat08 · 05-01-2012, 06:31 PM

pay on it for at least 1 year. if you pay it off too early it dings your credit for some reason

d_hawk · 05-02-2012, 09:06 PM

Quote:

Originally Posted by bearslayer2829

Where is the best place to get financing for a cruiser style motorcyle? Low 700 credit score but the only thing in my wife has in her name has ever been was a credit card that i've had for about 1 year. Trying to get me a toy and get her credit started up also.

How far away are you from Knox county? Check out knoxville TVA employees cu. You don't have to work for TVA to join, but I think you have to live in certain county's to join. I picked up a new hd street glide in maryville yesterday and got 1.79% for 60 months.

bearslayer2829 · 05-03-2012, 10:21 AM

Quote:

Originally Posted by vintagestrat08

pay on it for at least 1 year. if you pay it off too early it dings your credit for some reason

Yeah i've did that on several vehicles and personal loans and banks have told me this.

Quote:

Originally Posted by d_hawk

How far away are you from Knox county? Check out knoxville TVA employees cu. You don't have to work for TVA to join, but I think you have to live in certain county's to join. I picked up a new hd street glide in maryville yesterday and got 1.79% for 60 months.

I'm about 45 mins to an hour away from Knoxville. You pick it up at smokey mountain?

CaryW · 05-03-2012, 10:25 AM

Suzuki has 0% for 60 through Sheffield. One of my favorites to work with on the OEM side.

If you go with the 3.99 Yamaha, ask to go through GE for the 3.99 INSTALLMENT loan. Tons of folks have the best intent to pay off the revolving card early and it bites them in the ass.

The 3.99 payment they print on your statement will not pay off the loan in 3 years and if you have a slow month it is easy to just pay the minimum and catch up later.

The revolving cards are gambling that you lose that bet.

bearslayer2829 · 05-03-2012, 10:31 AM

I'll check into them as well. I can't join TVA FCU because I don't live in one of their counties that they support.

d_hawk · 05-03-2012, 06:20 PM

Yeah, I got it from smokey mtn. I live in Chattanooga now but the salesman at the dealership 5 miles from my house was pretty arrogant. That along with being $2k cheaper convinced me to drive the 80 miles to get a bike. Did tvafcu flat out say you could not be a member? Their website says if you live, work or attend church in any of the listed county's you can become a member. Are they going to call the pastor to double check if you are there every Sunday?

bearslayer2829 · 05-03-2012, 09:47 PM

Quote:

Originally Posted by d_hawk

Yeah, I got it from smokey mtn. I live in Chattanooga now but the salesman at the dealership 5 miles from my house was pretty arrogant. That along with being $2k cheaper convinced me to drive the 80 miles to get a bike. Did tvafcu flat out say you could not be a member? Their website says if you live, work or attend church in any of the listed county's you can become a member. Are they going to call the pastor to double check if you are there every Sunday?

I've heard good things about Smoky Mtn. I doubt they will call the preacher to check but with my luck they would

bearslayer2829 · 05-29-2012, 07:49 PM

Ended up buying a 2012 Yamaha stryker.

04-30-2012, 04:18 AM	#1 (permalink)
bearslayer2829 Wheeler Join Date: Feb 2012 Member # 211705 Location: Colorado Springs, CO Posts: 245	Motorcycle Financing Where is the best place to get financing for a cruiser style motorcyle? Low 700 credit score but the only thing in my wife has in her name has ever been was a credit card that i've had for about 1 year. Trying to get me a toy and get her credit started up also. __________________ Combat isn't where you might die - though it happens - it's where you find out whether you get to keep on living.

04-30-2012, 05:21 AM	#2 (permalink)
blown84gt kicking cancers ass Join Date: Jan 2006 Member # 64838 Location: Mississippi Posts: 89	Probably the easiest would be through the manufacturer of said motorcycle, they all have financing. I've noticed a ton of commercials touting "get out and ride" type incentives that are going on right now though they are probably dependent on your credit score. Not sure what the banks/credit unions have going on, you just have to shop around. __________________ Thomas Last edited by blown84gt; 04-30-2012 at 05:22 AM.

04-30-2012, 05:27 AM	#3 (permalink)
sonofmayhem Registered User Join Date: Jul 2006 Member # 75624 Location: colorado springs Posts: 313	Motorcycle Financing I'd use my credit union/bank unless I planned on paying it off in a year or so.(before the special offer ends) Typically they hold better rates. __________________ 2003 Tacoma

04-30-2012, 05:48 AM	#4 (permalink)
bearslayer2829 Wheeler Join Date: Feb 2012 Member # 211705 Location: Colorado Springs, CO Posts: 245	The lowest my credit union interest rate is 7%. Yamaha has 3.99 for 3 years right now. I would pay it off before them 3 years was up so that may be the way we end up going. __________________ Combat isn't where you might die - though it happens - it's where you find out whether you get to keep on living.

05-03-2012, 10:25 AM	#8 (permalink)
CaryW Rock God Join Date: Aug 2003 Member # 22104 Location: Northeast Texas Posts: 2,355	Suzuki has 0% for 60 through Sheffield. One of my favorites to work with on the OEM side. If you go with the 3.99 Yamaha, ask to go through GE for the 3.99 INSTALLMENT loan. Tons of folks have the best intent to pay off the revolving card early and it bites them in the ass. The 3.99 payment they print on your statement will not pay off the loan in 3 years and if you have a slow month it is easy to just pay the minimum and catch up later. The revolving cards are gambling that you lose that bet. __________________ .You see in this world there's two kinds of people, my friend. Those with loaded guns, and those who dig. You dig.

05-01-2012, 06:31 PM	#5 (permalink)
vintagestrat08 Registered User Join Date: Jun 2010 Member # 162162 Posts: 121	pay on it for at least 1 year. if you pay it off too early it dings your credit for some reason

05-03-2012, 10:31 AM	#9 (permalink)
bearslayer2829 Wheeler Join Date: Feb 2012 Member # 211705 Location: Colorado Springs, CO Posts: 245	I'll check into them as well. I can't join TVA FCU because I don't live in one of their counties that they support. __________________ Combat isn't where you might die - though it happens - it's where you find out whether you get to keep on living.

05-03-2012, 06:20 PM	#10 (permalink)
d_hawk Registered User Join Date: Oct 2005 Member # 56092 Location: Ooltewah, TN Posts: 12	Yeah, I got it from smokey mtn. I live in Chattanooga now but the salesman at the dealership 5 miles from my house was pretty arrogant. That along with being $2k cheaper convinced me to drive the 80 miles to get a bike. Did tvafcu flat out say you could not be a member? Their website says if you live, work or attend church in any of the listed county's you can become a member. Are they going to call the pastor to double check if you are there every Sunday? Last edited by d_hawk; 05-03-2012 at 06:22 PM.

05-29-2012, 07:49 PM	#12 (permalink)
bearslayer2829 Wheeler Join Date: Feb 2012 Member # 211705 Location: Colorado Springs, CO Posts: 245	Ended up buying a 2012 Yamaha stryker. __________________ Combat isn't where you might die - though it happens - it's where you find out whether you get to keep on living.

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