I search on here every once in awhile looking for information on motorcycle loans but I never come up with much. I don’t read the forums as much as I used to because I don’t have to anymore. 😃. My goal when joining this forum years ago was to be able to just sign my name for an auto loan. I was able to do that four years ago with Toyota financial, 0% for 36 months. I paid that car off a few years ago and my score actually went down for not having an open auto loan.
I decided I wanted a motorcycle about six months ago. I haven’t had one in years. I’ve only bought one brand new and that was 18 years ago. It was more of a credit card loan that an auto loan. I wanted to get something small and cheap and eventually work my way up to Harley. I’ve been looking around and found a few bikes I would be interested in and some of the financing promos were good but I wasn’t sure if I would qualify. My problem is my utilization was a bit high at 28% and I was afraid of taking a inquiry and not getting approved. I haven’t had an inquiry in 4 years.
Well anyway I saw that Harley was having a promo for 1.99% with 0 down. I said to myself **bleep** and filled out there online app and I was approved but it didn’t tell me what my rate would be. I’ve heard they will charge a healthy rate for people with iffy credit. I got an email from the local dealer an hour later telling me I qualified for the promo.
I went down to the dealer and picked up a new 2018 Heritage. We agreed on a price and now it’s in my garage.
To make a long story short.
731 equifax
28% utilization
No inquiries
No lates
1.99% loan Tier 1 I believe
11/09 EX 564
10/12 EX 673 TU 674
1/13 TU 686
2/13 EX 701
Goal 750+
