Know your credit score
Before you submit a motorcycle loan application, consider taking a look at your credit report.
Lenders see motorcycles as risky because bikes are frequently stolen or crashed.
As a result, lending requirements are more strict with motorcycles then with cars.
Create a budget and know how much you can afford.
Before you apply for a loan, you should understand your budget and how much you can afford.
Avoid common motorcycle financing mistakes.
Avoiding common mistakes is the key to having a good experience when ﬁnancing a bike.
Some of those mistakes include being afraid to ask question about the loan, borrowing to much,
and opting for a credit card motorcycle loan.
Make sure you not only shop for a loan in a dealership, but you also shop online motorcycle lenders,
your local bank and credit union. Here are some general ﬁnancing options:
Find the best option.
To ﬁnd the best interest rate and terms you should shop at least 4 lenders.
Select the best quote.
After you comparison shop you will want to select the best motorcycle loan quote to ﬁt your need.
You will want to consider the interest rate, and the terms of the loan.
Purchase your bike.
This is where the fun begins and you get to purchase a new bike and enjoy the motorcycling lifestyle.