Used motorcycle loans are easier than ever to find, apply for, and get approved for online. But just because you're not buying a new bike doesn't mean you can't get a great rate on a used motorcycle loan.
Here's some advice on used motorcycle loans
Find your bike first. Check the newspaper ads and online listings for used motorcycles, including live auctions (remember to bring cash), individual purchases, and motorcycle dealerships.
Apply online for free. It doesn't cost you a penny to complete an online application for used motorcycle loans from banks to finance companies to private sellers (including friends, family and motorcycle owners). You'll usually be able to get your response within minutes for your used motorcycle loan, followed by instant approval showing you your terms, rates and conditions.
Choose cash or a check. Once approved, you can choose between having your used motorcycle loans amount deposited directly into your bank account. Or you can receive a check overnight.
Get approved, even with bad, no or slow credit. You can get a used motorcycle loan -- even if you've had credit problems.
Pick an affordable used bike. If you're shopping for used motorcycle loans for your first bike, start with an inexpensive model that's easy on your budget.
Be a safe rider. Most states have helmet and apparel laws, so buy protective motorcycle attire like boots, leather coats and more. Take riding lessons to lower your insurance, too.
Don't forget to a down payment. When you apply for used motorcycle loans, try to make a down payment of at least 15%. You'll pay less for financing and already be paying off your bike.
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