Start Here to Learn More About Motorcycle Financing

Many motorcycle buyers look for financing options when making their final purchase. It makes affording the bike a lot easier and can even include its own perks. But there are some important information tidbits you’ll need to know before signing any papers. We’ve provided some of them below so you know what to expect.

Set a Budget

Even though you won’t be paying the full cost up front, it’s still important to set a budget. The higher the price point, the bigger the monthly payments are going to be. Luckily, there are many financing calculators you can find online that’ll help you figure out what you can afford based on the down payment, monthly payment limits, and your interest rate. You can also talk to your financial expert and they’ll help you figure out what price ranges you should be looking at.

Know Your Credit Score

Your credit score is one of the most important factors in determining whether or not you will be approved for motorcycle financing. A higher credit score indicates to lenders that you are a lower-risk borrower and are more likely to repay your loan on time. You may also be able to qualify for a lower interest rate. The lender will look up your credit score for you, but it may be a good idea to know it going into negotiations.

You’ll also need to find a lender to help you nail down the details and set you up with the right plan for you. Luckily, we here at Willamette Valley Harley-Davidson® have our own financing department, ready to help you with all your questions and get you set up to take home your dream bike today! Contact our friendly experts at our location in Eugene, OR, serving Corvallis and Albany, for more information.