Monday, August 5, 2013

What is the credit score required to get a motorcycle loan?

sports cars starting with r on Waste--Blizzard made the new tour will be the theme of sports ...
sports cars starting with r image



Joseph


I am tryinto get a motorcycle sports bike in may. I was wondering what is the credit score needed in order to be approved for the financing option? and how much (estimated) will insurance run for a 20 year old?


Answer
Motorcycle loans are not seen the same as car loans. Car/truck loans are seen as "necessities", whereas motorcycle loans are seen as "recreational". So, lenders scrutinize them much more heavily than they would for a car/truck. The days of 19-year olds riding out on Hayabusas and paying $200 a month are gone.

Insurance on a sportbike for a 20-year old is going to be murder. It will probably cost you as much monthly as the bike payment itself. Be prepared for that. Also, be prepared to carry full coverage on a bike with a lien against it. And nobody on here can give you an estimate on an insurance payment, as no two people will be quoted the same cost. You could be a 20-year old honor student with no prior traffic tickets or a 20-year old high-school dropout that just got out of prison... way too many variables involved. And there is no "magic" insurance company with the absolute lowest rates.

I've been riding for over 20 years now. Make sure you take the MSF course, and whatever you do... make sure you start out on a smaller bike (250cc or so) and work your way up. You have no business on a 600cc CBR or GSX-R (or, heaven-forbid, a liter bike) at first.

what is the BEST compact Sports car on the market today?




DKNY D


That is Made in Japan ??? Subaru? Honda ? Toyota ? Mitsubishi ? ..... Type R.....or something. have no idea which one to buy?


Answer
2008 MazdaSpeed 3 is the best for the money (starts at $23K).

The Civic Si and VW GTI are comparably priced, but nowhere close to the MS3 in terms of overall performance.

A Subaru WRX is comparable to the MS3. With added AWD and depending on options, it will run you an additional $2-4K over the MS3.

If you want to fork over another $30K or more new, you can't lose with any of the following:

Mitsubishi Evolution X
Subaru WRX STI
Volkswagen R32 (I know this car isn't made in Japan, but it is in the same class)




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