5-6% is about right. That's where my credit union is on rates
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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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Originally posted by SSMAN View PostWho gives them an what kind of interest rate can i expect? Very good credit. Lookin for a used motorcycleHD Parts
paul@maverickhd.com
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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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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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