financing dawg

what is it like for a 19 yr old to get financing for a bike

where yall go

depends on how long you have been working at your current job, how good your credit is, and how much money you are trying to finance. gotta give us more than you are 19

Financing on a bike = impossible for someone without credit. Trust me, I went into the dealership, $3300 in hand to buy a used 97 eliminator. The sign in front says "we finance all bikes, new and used" I go in, I tell the guy I want the bike, He asks how I'll pay for it. I tell him I want financing to build credit. He asks how much I can put down, I told him I COULD put down $3300 but that would defeat the purpose of building credit. They ran my credit report, showed no history, he said I needed a cosigner, well... I don't have anyone that would cosign for me, so I walked out and tried 5 more places, same thing. I'm 18, my W2 showed I made $34K last year and they still won't give me financing. Good luck with that. Plus motorcycles don't have the incentives like cars. Lets say you do get financed, you're going to be paying interest in the 10-15% range (at least here in chicago that's what they told me)

The interest rate depends on your credit score. My b/f is in bike sales/finance, and you will only get as low an interest rate as your credit score makes you eligible for.

I got approved for $5700. and i am only 18 years old. but i said i would put $2500 down. at 7% i am not sure how good that is but i didnt believe i got a loan like that.