I got my car for 0.0 % for the life of the loan. For my bike it was 9.9%. Something about it being a luxury item. I know someguys with 17%.

 

A credit union is your best bet. I have always been a member and its easier to borrow money once you have established a relationship with them. My bike is paid for but when i bought it i called the bank told them what i wanted to do i made a deal with the STEALERSHIP called and got my check. %5.9 i put like 3k down...You sound like you have a pretty good deal going. Join up and take advantage. Peace!

 

Either way that's a pretty good rate if you decide to take either route. Mine is a little higher around like 7-8% or something, but I'm a big spender. I have alot of toys :cruising:

Actually you got me thinking what my exact rate is. I'll check when I get home.

 

I paid cash for my bike.

 

Mine is 60 months, with no money down for 5.75%!! Its with a Local Credit Union, and I've been a member for nearly 10 years!!

 

9.9 thru Honda.

 

Mine is 60 months, with no money down for 5.75%!! Its with a Local Credit Union, and I've been a member for nearly 10 years!!

Well the place I would be getting this through is a customer of my company so maybe they are cutting me a break but they said all I do is get my boss to write them a letter saying I would like to join, they check my credit score and bam! That's all she wrote.

Jason

 

Usually credit unions are your best bet if they do financing for motorcycles since they are considered non-profit organizations. Unfortunately my credit union doesnt do motorcycles however i was still able to get a slightly lower rate.

 

Usually credit unions are your best bet if they do financing for motorcycles since they are considered non-profit organizations. Unfortunately my credit union doesnt do motorcycles however i was still able to get a slightly lower rate.

Well the two that I called consider both to be a car loan and I told them right up front it was for a cycle.

Jason

 

6.75% APR is what i've got right now. 5 year loan, over $10k refinanced @ 6.75% ain't really too bad.

 

6.9 on my jeep, bike and unsecured. about $14k

 

with 20% down on your bike and the 1% decrease in interest your payments will be much smaller. Would (if you have the loot saved up) go this route, you can always pay it off earlier, but if you want to buy something else you can just pay the much smaller min. payment for a month or two.

Plus if you want to keep your credit score high, you will be financing a smaller amount overall, thus less of a loan showing up on your credit history.

 

PSECU is a credit union and they give the same rates for cars and bikes, currently 1 -24 Months 4.99 % and 25 -60 Months 5.99 %

 

This seems like a good post for anyone wanting to get a loan for a bike so keep the info. comin'!

Thanks.
Jason