If you’re in the market for a motorcycle, chances are good that you’ve done some looking around already. You may have checked Craigslist or spent a day visiting local motorcycle dealerships to see what’s out there.
During your search, you’ve likely encountered one or more dealerships that claim to offer in-house motorcycle financing. These types of dealerships are very common these days, and they can be a good option for people who’ve had credit challenges in the past. But what does in-house motorcycle financing really mean? And who qualifies for it?
We’re MotoMax, the largest in-house motorcycle financing dealership in North Carolina. Sometimes people refer to us as a bad credit motorcycle financing dealership, and that’s okay with us because that’s what we do. We help people with bad or poor credit buy the motorcycle they’ve always wanted. We’re located in Raleigh and have been serving riders in Cary, Chapel Hill, Durham, Garner, Knightdale, Oxford, Wake Forest, Henderson, and Youngsville since 2008.
At MotoMax, we deal in used inventory because used vehicles are a great way to get consumers into a motorcycle affordably. With a used motorcycle, it’s already experienced the majority of its depreciation, which means riders can get into a more expensive bike than they would have been able to afford new. Insurance is typically less expensive with a used motorcycle and your taxes will lower. Used bikes can bring peace of mind to your finances.
MotoMax sells more than used motorcycles, we also have a parts department and a service department that’s staffed by certified motorcycle mechanics and technicians. We want to serve the needs of all motorcycle riders in Raleigh, North Carolina, and the surrounding region.
In-house motorcycle financing simply means that the dealership carries the financing on the sale rather than a bank or another traditional lending institution. Very few people are able to save enough cash to pay for a vehicle up front, and can be even harder if you’re working to rebuild your credit. In-house, or bad credit financing dealerships were initially started to give people with bad credit another lending option. When your credit score has taken a beating, it’s tough to find a bank or credit union that will approve you for a loan.
Bad credit motorcycle financing dealerships like MotoMax have their own loan application process and criteria. The finance department is typically located within the dealership and handles all the loan paperwork in-house, as well as the collection of payments. These dealerships work with customers to help them get qualified and find a ride that fits within their budget. And if an unexpected situation should rear its ugly head and prevent you from being able to pay on time, they can help you work through that, too.
You heard that right. At MotoMax, loan approval is guaranteed. We focus more on your earnings potential than on credit scores or credit problems in your past. We also offer the ability to help rebuild your credit score by reporting your timely payments to Equifax, one of the largest consumer credit reporting agencies in the country.
There is no catch. At MotoMax, anyone can qualify for in-house motorcycle financing.
People with bad credit. There are lots of reasons why one might have a bad credit score.
People with no credit. Students and young people who are just starting out in the working world have no credit score at all. It’s the old Catch-22: Without a good credit score, no one will loan them money. But without a loan to prove that they can make payments on time, they can’t build up a credit score. They’re stuck. Buy here pay here motorcycle financing can help.
Stop in and visit MotoMax today to get started. Or fill out the loan application online You’ll have an answer back before you even walk into the dealership. When you come in, you will need to bring the following items with you.
If you have bad credit and are in the market for a used motorcycle, stop in at North Carolina’s leading bad credit in-house motorcycle financing dealership, MotoMax. We’ll walk you through the process and get you on the motorcycle of your dreams quickly and efficiently. Leave the paperwork to us!
