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Motorcycle loans?

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  • #16
    5-6% is about right. That's where my credit union is on rates
    Scott Ganow
    Lone Star Performance
    16300 Midway Rd
    Addison, TX 75001
    214-630-5006

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    • #17
      Penfed can be good but they can be a motherfuck to deal with as well. Not that it really matters but something like a motorcycle if you don't have the cash I'd suggest waiting till you do.

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      • #18
        x2 on cash. interest sucks and being that some bike can be cheap for some to save up and.buy, it.better cash route.

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        • #19
          i also got 1.9% from my credit union
          www.hppmotorsports.com
          ᶘ ᵒᴥᵒᶅ

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          • #20
            Originally posted by Shaggin Wagon View Post
            GE capital did mine. Kinda high interest rate, kinda crapy credit, no money down on a 5K bike.
            If you don't mind me asking but how much are your payments and for how long.

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            • #21
              Make sure this is not compound interest, often I saw these cases that everyone is not giving Bike on borrow but it is at compound interest...

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              • #22
                My personal bank will only loan 50% of the value on a used bike. They will only loan full value on a new one. I don't buy new bikes so for every bike I've ever bought I've either gotten a personal loan or used the money from the sale of a previous bike to pay cash.

                If you have very good credit I'd expect your personal loan rates to be pretty good. I'd go that route myself. As someone else said full coverage can be pretty high depending on age and bike type. Some insurance companies go off engine size while others go off type of motorcycle.
                2004 Suzuki DL650
                1996 Hy-Tek Hurricane 103

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                • #23
                  Originally posted by SSMAN View Post
                  Who gives them an what kind of interest rate can i expect? Very good credit. Lookin for a used motorcycle
                  so what'd you ever end up doing? I'm in the same boat. looking to get another bike but not go through the dealer for financing.
                  HD Parts
                  paul@maverickhd.com

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                  • #24
                    Bike loans carry horribly high rates.

                    This for your son?

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                    • #25
                      i got one @ 5% last week at the local CU for a rzr.. but haven't dropped the hammer on one yet

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                      • #26
                        I was at NT HD yesterday looking at a bike and decided to run the numbers an they tried to give me a 20.49% rate. Lmao. Told them I'd be back with my own financing.
                        HD Parts
                        paul@maverickhd.com

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                        • #27
                          Originally posted by Shaggin Wagon View Post
                          GE capital did mine. Kinda high interest rate, kinda crapy credit, no money down on a 5K bike.
                          That's who I just bought my 2013 GSXR with, I got a 2.99 % rate
                          Matts1911SA - XBox Live Gamertag

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                          • #28
                            I am still holding off. I want a Yamaha Raider. But so far not enough to go into debt. LOL. My Vulcan 1500 is still cruising just fine and paid for. Saving up some money and will see what happens. I don't mind financing a little bit. If I have to make payments, they are going to be low.

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                            • #29
                              X8 on penfed 100% satisfied with mine

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