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Financing FAQ

Do you offer financing for all credit ratings?
Yes, we work with multiple lenders who offer financing for all credit ratings. Zero credit, good credit – we have options for everyone!

What is my first step to financing a motorcycle:
Your first step is to complete an application. We have an online finance application or you can apply in person. To apply online: Click Here

Do you have in-house financing?
No, we do not.

After I submit my application, what documents might the lender require to complete my approval?
For credit over 620 the lender will require the following:

  1. Valid drivers license
  2. Proof of income (this requirement is sometimes waived by lender)
  3. Proof of Address (if your drivers license is different than your physical address)

For credit below 620 the lender will require the following to complete your preapproval:

  1. Valid drivers license
  2. Proof of income
    1. For W2 Employees: Paystub and 1 month bank stmt
    2. For self-employed or 1099 employee: Three months of bank statements
  3. Proof of Address
  4. Five references

Is there a prepayment penalty?
No, there is no penalty for paying the loan off early.

I have excellent credit. What is the lowest interest rate offered by your lenders?
Interest rates start at 5.99  for credit scores of 770+. **Keep in mind interest rates vary by lender.

What will my interest rate be if my credit score is below 600?
For credit scores below 600, interest rates range from 17.99% to 21%.

What is my downpayment?
The minimum down payment is determined by the lender.  The biggest factors which determine your downpayment are: The NADA value of the bike – as well as the credit tier the underwriter determines you to be in.

What motorcycles tend to have lower downpayments?
Newer motorcycles tend to have lower down payments simply because their NADA value is (normally) higher than older bikes. Additionally, cruisers generally have better down payments than sport bikes.

Is insurance required?
Insurance is required for credit below 620.

For credit over 620, insurance may or may not be required. We have one finance company we work with who does not require insurance as long as the amount financed stays below $7500 and you fall in one of the top credit tiers.

Do the finance companies report to the credit boreaus?
Yes, all our lenders report to the credit boroughs.

What are the insurance requirements?
Full coverage: Comp and Collision with a deductible of $1000 or less. The lender must be added as a leinholder and you must be listed as the insured.

Can you recommend an insurance company?
Clients are free to use whichever insurance company they would like. However, we have found the following insurance companies to have lower rates for our clients:

  1. Foremost Insurance (1-800-237-2060)
  2. Progressive (1-877-325-1985)
  3. Statefarm (1-800-Statefarm)

I don’t want to run my credit without having an idea of my payments and down payment. What can I do?  
The terms are made by the finance company; however, we do our best to provide you a rough idea of the down payment and terms based on your credit rating/finance history/and the motorcycle your interested in. Please note your actual offer may differ from lender.

How long does it take to get an answer to my application? 
We do our best to get you an answer within 24 hours or less.

I don’t have a social. Can I  get financing?
Sorry, a social security number is required to finance.

I am not a permanent resident or citizen, can I get financing?
Yes, however, the finance company will require to see a copy of your drivers license, social, and work permit. **They require this documentation as they cannot offer loans past the expiration date on your work permit.

Is there a minimum income requirement for financing?
Yes, the minimum income requirement is $2000 a month. If you have a cosigner, the minimum joint income is $3000.

What bikes qualify for financing?
For credit over 620:

  • No year limitation
  • Bike must have a minimum NADA value of $3000.

For credit below 620:

  • 2004 or newer
  • Must have under 35,000 miles

Can I add a cosigner? 
Of course! Cosigners are an option for all.

Can I finance the bike under someone else’s name instead of myself?
No, our lenders do not offer this option.  However, you can certainly add a cosigner.

Is a bike put on hold after I submit an application? What do I do to hold a bike?
In order to guarantee the bike you would like to finance does not get sold, we encourage you to leave a $500 deposit. The deposit will apply towards any down payment you might owe. The deposit can be made remotely if you don’t want to come in person.

How will I receive the terms of my loan?
We will contact you via your preferred contact method, as selected on your application.

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