Can i finance a streetbike with no credit?

Question

Pretty much can i finance a street motorcycle from a major dealership like yamaha or honda with no credit what so ever.

Answer 1

No. And you shouldn't. Sorry.

Answer 2

If you find credit it's going to cost you an arm and a leg.We have a dealer here that does financing for people with no credit but they pay 27% interest or more.Not a wise choice at all.

Don't listen to Joe B.He's an idiot.He didn't get a bike that way because the only girlfriend he could get has four legs.They don't give credit to sheep.

Answer 3

Maybe....but you're going to pay through the nose. You're interest rate and insurance are going to be high. 2 years from now, you'll have a motorcycle that is nowhere near worth what you owe on it.

Answer 4

It is remotely possible. Are we talking BK ? Some dealers will saddle you with a 30% loan on bad credit. Personally, I can't see why one would be looking to pay rip off finance charges as opposed to working to build his credit score.

Answer 5

The guy with the gf scheme is a moron.

You could would and should still get sued for the money along with attorneys fees.

as for your situation,

You'll have to build some credit, or find a cosigner.

You can open a saving account at a credit union. Take out a small secured loan against the savings account. Pay it back on time. Now you have credit.

Answer 6

If you can show income, by means of a pay stub, most dealers will work with you.

They're in the business to sell bikes.

Once the bike is in your possession, it's not they're problem, it's the lenders.

The dealers get kick backs from "their" lender's - but be prepared to pay exuberant interest.

I don't know their policies since the "credit crisis".

A co-signer is helpful.

Couldn't hurt to ask.