Likes: 2
Thanks: 0
getting financed for a trike
We are having issues with financing on a 2002 Honda Goldwing champion trike. It has 45k miles, a bunch of accessories. We can only get the value of the bike not the value of the package. Who is everyone using instead of banks.
Thanks in advance,
Chris
When we bought our first one, we had problems getting our bank to understand what a trike was. Finally, took them photos and still had to explain everything. It helped that I have banked with them for thirty plus years. Directing them to something like Cycle Trader might help. Don't think there's anything like a blue book for trikes.
So how many threads are you going to post this on? You hit the Chat Room with the exact same question. Did you recently create a fake user ID so you could troll this board?Originally Posted by VelocitycyclesPA
Here's the reply I gave you in the Chat Room. Don't bother asking again unless you intend to be honest with this group!
From the Chat Room:
"Financing? Explain to the lender that you're buying a motorcycle valued at $9,700 (show them the NADA page) and $10,000 worth of accessories (same as an insurance quote).
Seems that you're right in the ball park. Least they should go is 80%, about $16,000 on a 3 year loan. Have you tried your credit union? They financed my trike - no problem."
Well Hell I guess he told you!
When I was young I admired clever people, now im old I admire kind people.
A suggestion? find out the value of the bike and then find out the value of the kit and triple tree less depreciation to arrive at a ballpark figure.
How much will the bank loan on a bike that old? show them its true worth and see what happens?
I think all your chrome goodies would be valued at about 1/3 the original cost? at least that's what insurance might consider if ruined?
Enjoy life now!----------IT HAS AN EXPERATION DATE
1989 HARLEY DAVIDSON TOUR GLIDE ULTRA CHAMPION- A WOLF IN SHEEP'S CLOTHING-(CUT YOUR WOLF LOOSE!)
the difference between a good trike and a bad one depends entirely on the integrity of it's builder!
Velocitycycles, just be grateful that Veritas didn't see this post. You would have gotten an ear blast that would have roasted your chestnuts big time.Well Hell I guess he told you!
......?
"just be grateful that Veritas didn't see this post. You would have gotten an ear blast that would have roasted your chestnuts big time."Velocitycycles, just be grateful that Veritas didn't see this post. You would have gotten an ear blast that would have roasted your chestnuts big time.
Wanna bet?
thanks for liking my last post jax
Enjoy life now!----------IT HAS AN EXPERATION DATE
1989 HARLEY DAVIDSON TOUR GLIDE ULTRA CHAMPION- A WOLF IN SHEEP'S CLOTHING-(CUT YOUR WOLF LOOSE!)
the difference between a good trike and a bad one depends entirely on the integrity of it's builder!
I just went ahead and got a Personal Loan large enough for my trike and a new septic system......one payment and no hassles getting the loan.
Damn! Wish I could get a new septic system. Best they'd float me for was a Porta Potty.I just went ahead and got a Personal Loan large enough for my trike and a new septic system......one payment and no hassles getting the loan.
I went with all the info on the trike and the loan officer went to the website and printed off the page showing what the kit cost.That along with pics of the trike were sent in to the overwriters and the loan was approved on appeal.
Do not argue with an idiot.He will drag you down to his level and beat you with experience.
Its dog eat dog world and i'm wearing milkbone underwear.
1989 GL1500 Goldwing (SOLD)
2006 GL1800 CSC
There you go throwing money down the drain.I just went ahead and got a Personal Loan large enough for my trike and a new septic system......one payment and no hassles getting the loan.
Don - 2004 GL1800 Champion trike, 2018 Can Am Spyder RT Limited
2 wheeler: 2013 Triumph Bonneville T100
FORR Local 11, AMA, MRF, Mid-South MILE Committee
Thanks for all of your help guys! Sorry about the double post, I didn't realize it was a big deal. I just wanted so see what local people have done and that is why I went into the PA group.
Not a problem..post all you want, but double posts arent encouraged.
SORE SHOULDERS?
Get The Right Cure
TriGlide Rake Solutions
Get Info HERE
Support YOUR Trike Talk Forum Community & Get Upgraded Features & Free Merch with a Gold Club Membership!
Click Here For Information
Visit Cut-N-Shoot Customs Website
Text or Call Papa: (346) 800-7946
Email: info@cutnshootcustoms.com[/B]
Sorry about the mix up, it will not happen again.
No problem at all...glad you joined us!
SORE SHOULDERS?
Get The Right Cure
TriGlide Rake Solutions
Get Info HERE
Support YOUR Trike Talk Forum Community & Get Upgraded Features & Free Merch with a Gold Club Membership!
Click Here For Information
Visit Cut-N-Shoot Customs Website
Text or Call Papa: (346) 800-7946
Email: info@cutnshootcustoms.com[/B]
Just went through this with my Credit Union. They ended up using the value of a Tri-Glide in the same year model, after I showed them that the value of a Roadglide was close to the same value of a Ultraglide. The underwriters still wanted 20% down and I have good credit and a history with them
My issue is my CU wants to see an invoice for the trike kit and install, and the original owner can not provide that! any other suggestions?
Perhaps, champion could help provide pricing for that particular kit, might be worth a phone call.
Posting Permissions
