i have spoken with a few finance managers at some local dealerships about financing a car and they said as long has you can verify your income and you put at least 35% down there should be no problem.
this was about 5 months ago however. things may have changed.

 

Motorcycle loans are VERY hard to get. Unless you can prove that it will be your ONLY transportation for work, you will need a very long history of good payment, high credit score and usually a down payment. Motorcycles, boats, jet skis are not the same type of loan as an auto loan. they are considered as a toy.

also, i was commenting if you went to a motorcycle dealershp and going through their lenders. The obvious easier way is going with your own bank and getting out a loan to buy a mototcycle.

 

i remember we financed a guy with a lower credit score because his work history was great. A young guy, i believe he was 21 but had a 5 year work history of being full time . He got a note from his work stating his job security and with that, he got a loan. Having a good work history is very good.

 

you're lucky, i tried to get a motorcycle last november. had a 2k down, i was trying to get kawasaki's special deal but they for some reason, i couldn't get the special offer , only a loan and i just passed. I'm not going to pay 18% financing rate. i think it's easier just to buy a bike with cash.

 

12%!!!! Yikes. And I thought my loan was a bit high for my motorcycle at 6.5%.

 

you're definitely doing it the right way with motorcycles. i do the same thing with loans.

 

Yeah, that is a great way to do it. My payment is 215$ a month but I seldom pay over that, I probably should. I pay over on the car loan though but not much.

 

Yeah that must be the reason. I was establishing my credit back then so there lol.

 

My friend with a bankruptcy on his record got financed for $38,000 with an APR of 0.9% just last month. He put down $20,000 and has a good work history. His credit score is so low, we still don't know how he was approved no matter how much he put down.

 

^ Oh good, lend more money to irresponsible people who declare bankruptcy so they can go out and get a $58000 car. That makes A LOT of sense.

 

WMFF!!!

(wrong mutherfukin forum!!!)

Move this ish to 350Z please. Super Nooblette is super.

 

Sounds like you don't need a Z. Why not buy a car that you can pay off quickly, and make sure you will be able to pay the rest of your bills? I would not spend 10k on any car as a downpayment. You can buy a used Z for 13k or so and be car debt free in a short amount of time. Please take this lesson from someone who has learned. I spent over 15k on my Z in a year in a half to have to sell it, and now am upside down from it, and when I purchased an SUV to replace it before the gas prices and SUV values went to crap. I went from being in amazing shape, credit score over 750, to being now 10k upside down in a 5 year old SUV. Its depressing.

 

The mod didn't even notice, lol

 

My last two bikes were paid in full using my Discover card.
Charged them, earned 1% cash back, last bike gave me 110 dollars in cash back! woot!!!!!

Best part was paying the card in full at the end of the month.

I would never fiance a bike, its a high risk item and for the most part loans for them suck.

 

ha! that's awesome.

Weird thing is, my insurance company "state farms" approved me of a motorcycle loan for the percentage of 8% for an r6 i was looking at. That's not too bad IMO.

 

Not bad at all, statefarm has HANDS DOWN the best insurance rates for bikes.

 

20k is a pretty good indicator the guy can pay....

 

Well, there's a credit crisis going on right now. Banks are not ready to lend to just anybody. You have to have stellar credit AT THE MINIMUM.

And, yeah, they could give you a loan with 12-15% interest, but multiply someone like you by a million and we end up with another credit crisis.

 

my score dropped ater financing 30k..but it went back up,then down after i lost my house ..so i feel like im 18 again trying to get that 740..but on time Z payments have kept me from going under.)Good luck to anyone trying to get anything right now.I went from making 2k a month to working at sheetz....

 

Yeah I don't know what's going on with all the elitism in the thread, but sh*t happens and sometimes it's beyond a person's control