Can you Finance a Motorcycle with No Credit? 

This literally gave me everything I needed to know that I didn’t about buying a bike in 6 mins. Stress off my back thanks brotha!

Thank you!! Really informative. Explained it best in under a few minutes.

This is very helpful for us viewers we really appreciate the time you spent on making sure our questions are answered.

Helpful information. Keep it up bruh!

Ok that closing song made me smile, havent heard rise against in the wild ina while, any ways thanks for the help! I'm a broke college student with no credit so this helped a bit

Awesome bro good info.. hoping to pick up my first bike today!! R3

Love videos that make me feel a lot better haha

Thank you dude! God bless you

Amazing video!!

Great video 👌

Finally found my answer about a co signer. Im looking at a 12k r6 and i wanna put a 5k down bad credit like around 630 and my father has a credit of like 810. Thankyou

Great informative video

I know the shop I go to can do a soft check which won't affect your credit score and see what you'll need to give in order to walk out with a motorcycle

Credit banks all suck. Just have the cash. Good video, saves time.

I really want to finance a bike but don’t want to get ripped off. I want a Yamaha R6 I have a 720 credit score with a car note. How would I negotiate with them for the best deal? What would my average interest rate be? And can I do a 500 down?

Hey, Alex, good info and good video. At the moment, I'm looking at a 10k bike. I don't have any credit but I have a considerable chunk of change (upwards of 8k) and an excellent co-signer. Now would I want to put down all or almost all of my money as a down payment, or is there a point where you run into diminishing returns? I imagine I want to hold onto some for any taxes, licensing, fees, etc. as well as for any incidentals down the road. Thank you.

Okay, so here's a big one. I occasionally cart friends and family around in my 05 Ram Hemi quad cab with a 6'4 bed. I so far haven't used it as a truck for MYSELF, only for others. There ARE a couple of projects I want to do and things I want to get that will require something with significant cargo capacity, but, this thing gets TERRIBLE gas mileage [I can't get it to reach 11mpg, and I city drive 99% of the time] and it also has some pretty notable body issues. Thing is, I got it for free when my dad left it to me in his will. I want something faster, nicer, and better on gas, though. Eventually, I'd LIKE a 14+ Ecodiesel crew cab with the 6'4 bed, but that's kinda way off. As a short term fix[especially on the speed, niceness, and freedom aspect, and because I like motorcycles] do you think I should fix what I can for a reasonable price on this truck and sell it to pay for a/the bike I want [CB1100] and gear, or keep the cager and try to get the bike another way? Other things to consider before you tell me. I currently have no credit, make about 27500 a year total, and have to pay 220 a month insurance on the truck and $50-$75 a week on it for gas. It's owned outright by me, and if the body was pristine, I MIGHT get 6k-8k for it if I'm lucky, with 4k being about the minimum I'd sell it for. I've been quoted $2500-$3000 to repaint the whole truck[factory quality, no Maaco shit], including door jambs, and this includes fixing two bed dents, but I'll have to replace the fender and tailgate myself. So, what's your take?

Quick question, I have the Yamaha credit card I just paid off my FZ-07, I went to my local dealer cause I was interested in trading my bike in for a DRZ 400SM and wanted to out the difference on my Yamaha card and was told I would need to reapply for financing , I called Yamaha and they said it was revolving credit and I could spend it on anything I wanted, so is the dealer trying to screw me or is Yamaha wrong ?

This is common sense - so skip this video people - basically he says - get a co-signer with 700 credit score to sign with you or put down like 30 to 50 percent down and you will get approved for a bike - done

Does the age of the bike matter? I know with cars most banks won't finance one that is more than 10 years old. Is it the same with bikes? Also, what's usually the minimum loan amount? Thanks.

I am planning to buy a Yamaha Bolt that costly like $8 or $9000 on this year and I wonder, in your opinion: lets say I'm going to put down at least $1500 with a low credit at about 600+ is there a chance that they are going to approved my finance application. Another thing is do you think it'll affect my application from them, because I have another monthly paying on the new car I just bought last month?

what if i get someone to co-sign can they then follow up and do a co-signer release so they will no longer be held liable if the primary borrower fails a payment?

I’m trying to finance a dirt bike is it true that honda doesn’t really care too much for credit but mostly care about your pay stubs and how much you make ?

Im trying to buy a klx110 worth 2500 with no credit no cosigner and a down payment of 900 do you think ill get approved

Is this still the same Process and scenarios with buying a slingshot ? And which credit score are they looking at?

Alex, can you give an average APR to expect for the different credit ranges? I know this will vary by region and even by institution but what to except would be nice.

Great video.im looking at tryin to get me a lil duke 390 to start off with for my first bike.butni got kind of bad credit.not horrible but just not good and I have about 1,000 to 1,500 to put down on it and their asking $5,500.i may have a cosigner to help me out.but I have a question if you think you could help out.if I had a cosigner get the bike with me would I be able to have the tags and registration in my name or would it have to go into the cosigners name?or would it be both names on the the plates?

Super helpful for me but if I have bad credit and can only put down 1,000 or a little less than that and I have a good co signer will that make my payments lower or higher or does it depend on the bike I want for example let’s say I want to get a street bob pre owned or a dyna would my payments be high or low

If my credit score is 610 with 91% payment history on my auto loan and I want to get a bike that’s $12,000 and I have $6,000 for a down payment, will I have a decent chance at getting approved?

Would it be better to try to go thru your own lender or thru a dealer’s lender

I was looking to buy a street bob. I have 5-7k to put down on the bike but no credit history, I was wondering if this would be at all reasonable seeing as how most of the used street bobs I've come across at dealers seem to be around 10k minimum. I don't know a lot about how financing works but I was also wondering if you can make upgrades to the bike if it is being financed? For example new exhaust system, air intake, and some sweet bars? Any info would be helpful thanks!

What if I want a 20k bike and put 40% down...are they just as likely to lend? With a newer bankruptcy claim.

Thanks kindly

I have decent credit(680-700 both transunion and Equifax) like the Credit Karma App says that it's a fair credit score, and I was giving 50% of the bikes total price as the down payment and the dealer still rejected my finance option. I know I am a student in college without a big ass student loan, like my tuition and manage a credit limit of $4000 and still I was rejected. It literally broke my heart because I dont have car or motorcycle, so I have to fucking uber everywhere I go because guess what Alabama doesn't have public transportation system.

Can I finance a atv and a motor cycle at the same time? 5,000 for the atv. 5,000 for the bike. Total 10,000 loan. Credit is 700 first time buyer with 2,000 down. Thanks brother

How hard is it getting insurance for a bike ex. Yamaha 300?

I am wanting to get a iron 883 but I dont know how to get credit and am just finishing high school can you give me any tips?

I have 5 months with my credit it’s at a 650 for now but I bought a car, and took out a two small loans to help build payment history, when I went to get a ninja 650 I didn’t get approved 😔

hey quick question for example I have no credit and im interested in buying a 3k dirt bike would I be able to get it with a great co-signer which would be my mom and not put anything up front down and if I were to it would be a few hundred since the bike isn't that expensive please lmk!!???

Let's say I do get a CO signer and have $1000 down to put down on a $6000 note . What kind of payments are we looking at and for how long?

Thanks

Hey Alex I'm trying to buy a Honda rebel 300 I got like about a 1000$ but no credit history cause I came to the U.S about a year ago and I only have a secured credit card. I'm a student I'm 20 I work 2 jobs and definitely looking forward for my first bike. NY is a bit hard on the road laws but do you think I can get some financing on a bike around 4K with 1k downpayment?

What if I have good credit but low history no late payments or any other negative things just low credit history

I got burned by a shop in Florida that ran my credit through several different agencies and I was denied for a loan. My score was in the low 600 but dropped to a 430 by the time they were done

Trying to finance a motorcycle for 3000 to build credit and I don't want to pay my high insurance rate because I got a point and still young (23) currently have to many project cars and one good cheap transportation that can help me build my credit will be great. My question is should I ask my bank first ? Credit unions or just go to the shop and work numbers ? I could afford it but I just don't want to spend more money than I have to buying a mini bike lol Thanks in advance !

So I have an "average" credit score. And I want a hinda cbr300r (4700 dollars) and I'm wanting to put down 2000-2500. Does that seem reasonable and likely to get approved?

What are the chances of me getting any financing with a 670 credit score 1000 cash upfront and a trade in trade in value realistically is around 600 bucks the bike I'm looking at is a FZ6R at 6500 bucks brand new leftover model

I want a 250L, No credit history because I'm new to the USA. I have 2300 cash. And a cosigner that has no mortgage and only a car loan, reasonable credit history and makes around 65-70k a year. Is that reasonable? I really have no idea. I mean the video makes it seem like it but idk.... i wanna be sure so I don't make a fool out of myself.

hey im 20 years old and am trying to finance a 3000 dollar bike, i am a co signer on my jeep and have two credit cards that ive never been late on... Do u think ill be approved?

I live in NY..have kinda shit credit...but i want a cbr 500 for 6g..i have a good co signer and put like 2500 do u think ill get it?

Hey Alex just a quick question, I've never had to file for bankruptcy before but would you say there's a range of credit scores that would have a big affect in my motorcycle buying experience? Thanks a lot the video helped tons

If I wanted to get a from with no credit and a thousand down do you think its possible

so im looking into a harley pan am its $22,000 i was thinking of putting $7000 to $10000 down would i have any issues with having 0 credit?

Hey bro looking to finance a bike We're is ur shop located at? U sound so trustworthy

Im wanting to finance a 50cc icebear mini max or a bintelli beast but have no credit if my dad has 650 credit score can I get one easily the bikes only 1500-1600$

I’m looking to get a yz 125 it’s about 3500 I have 2000 do you think I should be good

I’m 20 years old and have absolutely 0 credit (never had credit cards or loans before. Car, school rent etc. paid in cash) and I’m looking to finance but am having trouble getting a loan, even with 50% down payment. Any suggestions?

Hello I need help with my situation. I have a 640 credit score ive had credit for about 6 months maybe longer im trying to finance a ktm 450 sxf I have no dings nothing bad on my credit and I wanna put 1200 down as a down payment what are my chances of me getting approved? the bike is 10,199 do I need more money down or a better score ? Where am I at please help

Hey Alex what if I paid for half of the motorcycle then financed the rest

Im almost done paying my 15 r1, I have good credit (700+ across the board) and I wanna put down $2000, can I finance a bike with no issue?

Hey man I have a question.. so I’m trying to buy a Yamaha yz250f. I already submitted the application for financing. I have a excellent credit!! And they told me that I didn’t qualified because I don’t have long credit history but then how I have good credit? In this case what can I do?

Hey man i have a 630credit score do you think i can get approve? But i only have creditscore from credit cards

Im projecting to have around $800 when i turn 18 on Jan 4th. Because of some stuff I wasnt able to get a job untill recently. At 18 ill have no credit, when you listed the "reasonable" range you stopped at 6 thousand. You said around 20 percent down should be good. Does that mean if i get another 400, i might be able to get a 2018 cbr500r ($6,150ish) ? With the fact that its about to become old inventory, the price might even come down. What do you think? Im at the least advantagious of both your down payment parameters and your reasonable price parameters. What do you think is in store for me? Note: Im looking at taking a cruise ship contract when i graduate, which generally last 6 months, which means my check should hit well before the end of next year, and i wouldnt have to worry about the APR. The contract payments im told are around 10k on the low end, so im not too worried about the APR. Do you think if I jack that up I could turn the tides into my favor? Im interested in hearing some other path you think i could follow. Also for licinsing reasons i can only drive motorcycles.

Where is your shop at? I would like to buy a bike from you for my first bike.

I have no credit and want a bike for 4700 with 1000 down, But what about proof of income?? most my income is from freelance gigs so I have no way to prove my income. What do I do?

With about a 650-670 Credit Score, you think there's a decent chance of getting approved for a $5500-$6000k biker without a co-signer/downpayment or minimal downpayment?

I have a question, so I have a bike in mind that’s around $6500, Equifax calls my score a ‘fair’ credit score, it’s not bad by any means but it isn’t great, more like average. and I don’t have a long credit history. I have about 1200 to put down but I can’t find a co-signer to help me. What are my odds of getting the loan?

Where is ur shop located and what’s the name of it

I'm 19 and looking to finance a bike I've got proof of employment and can put a hefty down payment on one I'm curious how I'd go about applying for a finance. As well as I'd like to do it without getting a parent co signer even tho both my parents have 800+ credit ratings I'd want to do it on my own to build credit is this possible? 🤔

I’m so upset .. because I have unusual medical bills & others bills on my head .. it’s about 5000 & I’m looking E bike best one so I can start drops delivery job right now ... I so affirm that give people loan for EBike too .. & I’m not approved.. I believe if I get the bike o can earn some money and o can pay all of debt or installment.. so how can I get Finance loan for best EBike ?

I applied for financing on a 2017 Honda foreman 4x4 that was 6499 out the door. I had a down payment of $2700. I have no credit and they could not do anything for me it was such a bummer. I am currently building my credit rn and I'm saving up for a bigger down payment so any advice and I can't get a cosigner I'm basically on my own

I don't have no credit history at all why because I don't trust banks lol. I'm saving like 3k to see if I could get the iron 883 and give payments, why ? Because the security positions are a bit far.

Im currently unemployed... but i have 65% of the price in a down payment for the bike i want... will i not be approved just because im currently unemployed?

I don’t have any credit history or not a job right at the moment but am able to make payments , I have a co signer you help me with 800credit I want to put as little as I can down so I can assure my self I can make the payments until I get my job here in a month or 2 , I want to get a r6 in the range of 6k-10k 10k being the max will I still get approved with the co signed I have which has 800 credit if so how little can I put down ?

I wanted a motorcycle worth 4000 and was willing to put 2000 down and I still couldn't get financed they wanted collateral and all this extra stuff. So I just bought one used on craigslist way better. Now I own 3 motorcycles and a nice car and my credit is still garbage lol

gonna see if i can get approved for a $12000 r6 with $1200 down, no credit history... just turned 18 Thoughts?

So I have about $1,700 less than what the dealership is asking for in cash, would I be able to put like $3000 down and then finance the rest?

I have 706 credit I want to get the can am Ryder . I have a disability The right side is paralyzed hand and foot I can control it by my left side can you help me

I remember watching this vid early last year ended up buying my first bike cash $2500 s and now I’m 19 and have good credit 730+ 😭 patience

Here’s a question no one has asked you, yet. Does motorcycle dealers use all three credit agencies? Or just one of their choosing?

I was stressing about the credit because I’m turning 18 next month and I really want a ninja 400 which are around $5000 and I don’t have any credit cause I’m just now turning 18 but I also have like $1500 to put down on it

What if I want to get a bike I have no credit but i have 4,000 to put down an that leaves 3k of payments left on the bike think they would work with me? I went in the first time with only 1,000$ downpayment by myself but I have very little credit an they wanted a cosigner an the only person I have who can cosign has okay credit but a good job? Should I go in again an bring that friend whos willing to try an cosign with me anyways? Also they go through a couple local credit unions. The one said they would lend me the money if I had a cosigner with good credit.

I have no credit an i was thinking like i want a bike an i was to build my credit with a dirt bike around 7k i have money to put down an all that but will i be able to pay note to the dealer or i have to finance an play notes to the bank or wat ever

Hopefully this works.... So i live in texas.. And i want to get a grom that is 3800.. I'm gonna go in with 1500.. I have no credit.. My mom wants to cosign with me but has bad credit, 610... Could this work out for me? First vehicle I'll own.

I'm 13 and looking for a bike to learn to ride what should I choose and what should my price range be

I want a 2022 yamaha yz250 it's around $8700 I want to put a down payment of $3000 on it i don't have good credit I did go bankrupt about 5 or 6 years ago think they will approve me?

I have a bike and a car repo from 6yrs ago and want to get a bike again. Since then have been good with credit. What are my chances?

What about 30% down with bad credit on a $15,000 bike. I've got goodish credit. Credit score is probably 650ish

Hi Alex my daughter applied for a new Atv and the credit union refused her. She has excellent credit with the credit union right now but they found out she owed 280 dollars on an old koto phone some years ago. She was disappointed and she paid off the 280 dollars she owed and it’s still on her bearu so they said they can’t issue the loan. This is the stupidest thing I ever seen in my life. Thank you

Does the co signer have to be present??

Alright , so I see this was posted 2 years ago but mabye you can still help. I am 19 with no credit and want to finance a ninja 300 . price of 3,800 and I would put 800 down. What are the odds I would get approved

hi Alex I was trying to find away to get a loan to buy a motorcycle but I do have bad credit and wanting to buy a Kawasaki Ninja 400 brand new

Where are you guys located?

what shop do you work at?? im willing to drive over 10 hours to get a bike

Had a co signer with a 668 credit score for a 2005 r6 and I was going to put 1500 down and it was going to cost 4600 and still got denied

Great video. I'm looking at a bike that costs $6,000 from a PRIVATE SELLER. I have NO credit history but can show the bank $2,000 cash. Do you think I can get a $4000 loan from a major bank like bank of America with a low interest rate? I'd be able to pay it off within a few months

Prob a dumb question. Let's say my score is 650 and I have 1k to put down MAYBE 1500 I want to finance a 2018 road glide special is it doable? And depending on the term or the loan and interest rate obviously do u think its realistic to get 500 a month or not much higher? I make 480 a week after taxes and literally no debt to credit against me.

Ok hear it goes publicly. My score is 598 an I have plenty to put down as a down payment is someone able to work with me? That’s half the reason I’d finance a bike it to have fun and rebuild credit. Thanks!

You think I could get approved at 18 no credit history 2k down I make about 1100 a month

What about a 12k dollar bike and I have 6k to put down as a down payment