Bike Loan?

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Bike Loan?

This is a discussion on Bike Loan? within the Off Topic/Fun forums, part of the General Forums category; Hi. I wonder if there's such a thing as bike loan. I'm kind of convinced that I should give him a bike for his coming ...

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Thread: Bike Loan?

  1. #1
    Newbie Irish Cokley's Avatar
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    Bike Loan?

    Hi. I wonder if there's such a thing as bike loan. I'm kind of convinced that I should give him a bike for his coming birthday. Any low interest rate institutions you could suggest? BTW, this is big a surprise. I still don't know what to purchase for him.

  2. #2
    Supreme Being Vic.Thing's Avatar
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    Most dealerships can arrange financing for you. Depending on your credit ratings, it could range anywhere in terms of interest rates. In some cases 0% might be offered but you're still going to have to meet the credit and down payment requirements.

    Most likely if you contact a few banks or credit unions in your area they will have loans eligible for motorcycles.

    My first question is are you 100% certain this person wants a motorcycle? I mean, not just talking about it. I mean they've cleaned out a space in the garage and sit out looking at that empty space 3 hours a night wishing there was a motorcycle sitting there. Do they have their motorcycle license? Have they been through MSF training? Do they have motorcycling gear.

    I personally wouldn't buy a motorcycle for someone. I would think of some other way of way to present it as a gift, and basically show support or whatever to them buying a motorcycle. You buy a bike, you're picking the model, you're picking the color, etc, and trust me those are choices any bike owner are going to want to be involved in. How about this, do a blindfold surprise and take them to the dealership (but you'd better know that you're taking them to the right dealership).

    The only exception is if you know a specific make/model/color. LIke the person has 30 posters in the garage space of the same bike or something and you know they want some color.

  3. #3
    Supreme Being twowheeladdict's Avatar
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    Start by buying them some riding gear. (It can be returned). And pay for their MSF class.
    Skill is what keeps you on two wheels.

    Situational awareness combined with skill is what keeps you out of harm's way.

    ATGATT combined with Situational Awareness and Skill means you might live to ride another day when that deer runs into your bike or that drunk blows through that stop sign.

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  5. #4
    Newbie Irish Cokley's Avatar
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    So bikes are also included in auto loans. That's good news since the credit union near us has some pretty good auto loan rates. I have good credit rating too. I just have to check the requirements now.

  6. #5
    Newbie lincy's Avatar
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    There are many sources are ready to provide bike loans at low-interest rate.

  7. #6
    Newbie Lisajohny543's Avatar
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    I dont have much info about bike loans but I think there are many resources to get a loan, you need to check online.

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