How much down to get a bike with poor credit? General Motorcycle Discussion Discuss How much down to get a bike with poor credit? in the Motorcycle Discussion forums; If you say your credit was pretty bad at 500s and wanted to get a motorcycle, how much would u have to put down ya think? 30-35%? Say a used ...

[razorseal]

If you say your credit was pretty bad at 500s and wanted to get a motorcycle, how much would u have to put down ya think? 30-35%?

Say a used '05 zx6 for ~6500-7000

just curious

[atlantabraves707]

what kind of 05 zx6 cost 7 grand

[razorseal]

Originally Posted by atlantabraves707

what kind of 05 zx6 cost 7 grand

I honestly made something random up, was curious moreso for the % of downpayment

[buzzcutt2]

Save your pennies and pay cash for a bike,

[Mass Junkie]

Half eddie

[buzzcutt2]

Originally Posted by Mass Junkie

Half eddie

Goonie goo goo?

[atlantabraves707]

Originally Posted by razorseal

I honestly made something random up, was curious moreso for the % of downpayment

all depends who you are financing from and how much the cost of the bike is. go to the bank and find out for yourself. we arent your bank we cant tell you how much your rate is going to be. i immagine you will be over 20% with a credit score in the 500's though

[razorseal]

It's actually not for me, I'm not getting a bike for about a year or so because I'm going to Iraq in couple of months, I was asking this for someone else

I'm paying all cash for mine, I wouldn't finance a bike imo.

[abzx10r]

Pay cash, bad credit like 500's & 600's 95% of most shops wont finance you plain and simple in less you put down half or more...Been there done that, tried

Learned my lesson, tell your buddy to save his pennies and buy it out right

[Rabbit_Racer]

Try to avoid financing toys. High interest rates are the norm unless you have exceptional credit. When i worked at broward motorsports the best i saw was 4. something apr by honda's own finance company. Although you have to be a excellent negotiator in order to get the finance manager to give that to you. The more he charges you on interest the bigger his commission is from the bank. Unfortunately very few people understand this and get a good deal on the price of the bike and get completely fucked by the F&I man on apr and extras (lojack, extended warranty etc).