I have poor credit and i trimg to buy a bike that cost 4000$ and i have 1500$ down can I get financed?

Question

I am just wondering if I can get financed for this bike. I have over 25% to put down, does that make a difference?

Answer 1

Do you have income that you can prove? Having a large down payment does increase a lender's willingness to lend, but still expect to pay a hefty interest rate.



Doesn't sound like you can afford this motorcycle.

Answer 2

How poor of credit do you have? The answer is yes, someone would finance you out there if you have proof of income and that large of a down payment, but it may be hard to find. If it is a bike you already have picked out at a place just ask them what the credit requirements are for financing. With poor credit you are going to pay higher interest for sure and that is going to cost you so ideally you would want to pay it off as quickly as possible. You should also start working on your credit as you are seeing how important it is.

Answer 3

If you have no mortgage but can verify your income, get a secured credit line for about $5000. I believe the rates are between 2 to 6%. If you go into your bank Monday, you'll have an answer the next business day

Answer 4

Have no clue.



What you do is ask a bank or finance company.



What you do is apply for a loan. And see if they approve or not.



I know you are pretty much asking if it's worth a try - but your question is coming across as if we could say "yes, you will be financed".



How would we know?



You need to apply somewhere and see what THEY say. Not us.