Have you ever made a bad decision in your life? No? Not even one? That’s awesome! You’re in the minority, then, because most people have made a bad decision or two in their lifetime. Often these bad decisions are money-related and have a negative impact on credit scores resulting in poor credit history. When this happens, it affects your ability to get a loan for big-ticket items like a house, a car, or a motorcycle.
If any of this sounds familiar, take heart. Even with poor credit, there are ways to purchase these items. Read on to see how you can finance a big-ticket item, even with bad credit.
Okay, you want a new motorcycle. You don’t have the cash to pay for a new one up-front, and even used ones can have a price tag that’s higher than the stack of cash you have under your mattress. You need a loan. Where do you start?
This seems like a strange place to start, but it’s an important first step. It’s much smarter to create a budget before you go shopping so you have a good idea of what you can afford. You should also consider the down payment; while it’s not always needed at a buy here pay here motorcycle dealer, sometimes they require it, and often they require it in cash. Give this some thought ahead of time so you’re not disappointed once you start shopping. You want to make sure you’re buying a motorcycle you can truly afford.
A buy here pay here motorcycle dealer is the place to start the buying process. You may have heard these dealers called by other names: in-house financing motorcycle dealers or on-the-lot financing motorcycle dealers. These terms are often used interchangeably and mean pretty much the same thing: You’ve found a motorcycle dealership that works with people with no credit at all or people who have bad credit and aren’t likely to be able to qualify for a loan anywhere else. If you weren’t aware that these dealerships existed, then today is your lucky day!
You can find a buy here pay here motorcycle dealer by doing a Google search, asking friends and neighbors, or by driving around town. You’ll see the signs; they typically say “in-house motorcycle financing” or “on-the-lot motorcycle financing” on them. That’s your cue that you’re heading in the right direction.
With most in-house motorcycle financing, you can fill out the loan application online before you visit the dealership. This not only saves time, but it also gives you the confidence that when you do get to the dealership, you’ll be able to buy a bike. For people with poor credit, this is a big deal. No one likes being turned down for a loan, and sometimes the uncertainty that comes with trying to apply for a loan is just too stressful to bear. It stops many people in their tracks and prevents them from getting the motorcycle they’ve been dreaming of. Taking care of this step ahead of time removes that stress. And guess what? Many buy here pay here motorcycle dealers guarantee loan approval. So you really don’t have that much to worry about.
Once you find a motorcycle dealership that offers on-the-lot financing, take a look at the bikes they have for sale. Many of these dealers specialize in used bikes, although many of them carry new models, too. You’ll often find top brands like Harley-Davidson, Kawasaki, Yamaha, and Honda – brands that are known to be tough, reliable, and lots of fun to ride. You’ll also find bikes suitable for whatever kind of riding you’re into, whether you’re taking it out on the trails, going on a long road trip with your spouse, or using it as your daily commute.
Once you’ve picked out your next ride, it’s time to talk numbers. The finance department will help you with this. One of the benefits of a buy here pay here motorcycle dealer is that they handle all the paperwork for you. Since they’re funding the loan in-house, it’s to their benefit to do so. You will have to share some information with them before you can move forward, though. Things like your income and current debt situation might come into the conversation. One of the goals of the finance department is to help you get into a motorcycle that has payments you can afford to make. It’s a win-win situation.
This is the step where you’ll need to be ready with additional information. Check with the dealership ahead of time to see what kind of documentation they need to write your loan. That way you can bring it with you and save yourself the hassle of having to come back a second time.
That was easy, wasn’t it? You’re off on new adventures on your shiny new bike, thanks to the help of a buy here pay here motorcycle dealer.
If you’re looking for a reputable buy here pay here motorcycle dealer in North Carolina, look no further than MotoMax. They offer on-the-lot motorcycle financing to riders with no credit or bad credit. They make the process as easy as possible for their customers. The dealership is run by people who love to ride, and they like helping others pick out a bike that’s perfect for them.
MotoMax has been in business in the Raleigh metro area since 2008. They have many customers in the city and in other cities, too, like Cary, Chapel Hill, Durham, Garner, Knightdale, Oxford, Wake Forest, Henderson, and Youngsville. They’d like to count you as a customer, too. Stop in and see them if you’re looking for in-house motorcycle financing. They’ll get you going in no time!
