What would the interest rate be on buying a motorcycle (ninja) with no credit ?

Question

What would the interest rate be on buying a motorcycle (ninja) with no credit ?

Answer 1

No credit - no loan, its that simple.

Poor credit - figure about 30% ..  35% a year or 2 percent a month.

Basicly you will pay double in three years for what ever you buy.

Answer 2

If you do not have credit, you will probably have to use the dealer/manufacturer's credit plan, which will cost you approximately 1% over a secured (by down payment of 10%) loan.  For your $5,000 Ninja, that 1% will cost you about $500 over the life of a 5 year loan.