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Well Buck I guess we will never know the answer to the question. I searched high and low for the 5.9% APR for 60 months ... can't seem to find it. How about you?
Actually, Buck received a PM with the pertinent details. Not everyone likes to go blabbing on internet forums with info about where they do their local banking.
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Blabbing is one thing and sharing information with others is a good thing! What is the difference between saying I got a car loan thru Patelco at a low rate or Hooters gives an easy card then you sharing with other's on the site where you obtained a good loan for a MC (we don't know your name or account number). Everyone here is blabbing as you say when they pass the information on ... what is the difference? You asked in a previous post “Help me find a new card please!” ... should people not tell you or others because they are blabbing? Get real ... we all on this site share a common thread ... and all of us are trying to get on with life after having some set backs. True colors always show … no matter how some try and hide them!

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Hinky - you are right and I am wrong! In hindsight no one on this site owes anyone anything. I do not think saying the name of a financial institution or the name of a MC dealer really infringes into someone’s personal finances ... but all in all and taken into consideration I was wrong with what I posted! I will be more careful next time to what I ask for and what I share with others! I got a grip ... Thanks!

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  • 2 weeks later...
Where is a good place to get a motorcycle loan at? Besides credit unions cause the ones where I live want you to borrow at least 7500.00 and all I need is 5000-6000.

I think Cap One also will not let you borrow less than 10,000.00.

-Buck

I'm not a financial advisor but seems to me if you can get the 10k at a much lower APR get the loan and turn right around and make a payment of 4k. Then make regular monthly payments and that would show good right?

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I got a bike through Kawi back in '02, who uses/used HSBC with a credit score in the 630's at the time. Problem with MC loans are that they really aren't "secured", as bikes are typically very easy to steal/conceal/part out and rebuild/etc.

I wonder if Honda would still turn you down with something like $500 or $1000 down...

I hope you find something, few things are more fun than riding! :D

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I went to Kawi this past weekend and was looking at a few of their bikes. I think that is the route I am going to have to take is putting some money down or just save up and buy one used from someone now. I really have no idea yet. My wife has the Funancing card, but the interest rate is way higher than I like.

And you are right; there are not many more things as exciting as twisting the throttle.

-Buck

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I went to Kawi this past weekend and was looking at a few of their bikes. I think that is the route I am going to have to take is putting some money down or just save up and buy one used from someone now. I really have no idea yet. My wife has the Funancing card, but the interest rate is way higher than I like.

And you are right; there are not many more things as exciting as twisting the throttle.

-Buck

Off topic, but what are you looking for in a bike? Are you relatively new to riding? Reason being, if you are, I know a lot of great bikes you can get for relatively low $... Depending upon what you want, your style, 3K can generally get you some pretty damn good stuff... In both the used cruiser and sportbike realms... :D

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  • 2 weeks later...
  • 2 weeks later...

I'm thinking about getting a motorcycle for about 24k out the door putting about 4k as a down payment. Does anyone have an idea of what my chances are?

My TU: 682, EX: 676, and EQ: 658. The only negative thing on my report is a charge off for about $400 in May of 2002 which I'm currently in the debt validation process. The length of my credit history is about 7.5 years and I make over 75k. I'm currently shopping around for the best apr between the credit unions, but am reluctant to do the loan unless I'm sure I can get approved for a decent loan.

Any thoughts or suggestions?

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  • 2 years later...
Okay. So I could try Harley. Anyone have any dealings with them here on this board? Looks like they use this company - Eaglemark Savings Bank - anybody has any clue as to who these people are and if they would help me out?

-Buck

Eaglemark Savings Bank is the finance wing of HD. I was looking for a loan that was less than 10K last year. HD was the only one that would loan under 10K and it had to be a harley. Harley has this plan called dealer assist. If you find a harley from an individual or another brand shop they will buy it and sell it back to you. They charge a couple of hundred dollars and require a saftey inspection before they will close the deal. All in all you have to come up with $500.00 plus some sort of down payment before they will make the loan. I had mininal OK credit at the time (high 500's). The interest rate is 20%. I have had this bike for about a year and I'm about to try to trade up with a new loan at a lower rate or refi the current loan.

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Where is a good place to get a motorcycle loan at? Besides credit unions cause the ones where I live want you to borrow at least 7500.00 and all I need is 5000-6000.

I think Cap One also will not let you borrow less than 10,000.00.

-Buck

Cap1 doesn't make motorcycle loans

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My beau just bought his first motorcyle this week for about $4000. He's been a Cap1 customer forever, but they turned him down b/c they won't lend less than $7500. So, he opted for American General Financial Services (they have a local office here) and received financing w/in one day. I couldn't tell you about their terms though. You would have to call them to find out more or someone here can chime in on other recommendations.

American General has a minimum of 7500.00 but they will only make loans for 36 months. The rate was in the lower teens but the short duration runs the monthly cost really high.

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