I helped an ex get a motorcycle and now need him to repay me. He needs to take out a loan and repay me or buy the bike from me. His credit is horrible but there has to be places that will still give you a loan. Please help me with advice!
What Loan Companies Will Give You A Loan For A Motorcycle If Your Credit Is Really Bad?
Posted by admin on August 19th, 2009
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All I can say is, if you own the motorcycle, take it back. If he does, tell him to get a title loan. He can make payments but depends on what he still owes you.
Work with the dealer who is selling the bike. They usually can hook you up with a way of securing a loan for a bike. Sometimes even with bad credit.
How about Gary Coleman with check in cash?
Who on earth is going to lend money for that? Why don’t you suggest he sell it? Motorcycles are not only a loud nuisance, they are usually just a fashion statement rather than a means of transportation. An impractical and expensive luxury item.
Most loan companies and bank’s won’t loan money for an item that is considered a luxury item. A car you can usually get with bad credit because it gets you to work. Motorcycles, Atv’s, etc are basically considered man toy’s. And yes you can drive a motorcycle to work, but most people don’t consider this their primary transportation.