Does anyone have information on how to finance an older bike? it is in great shape, but everyone says not older than 5 years. Any contacts?
Thanks
Oldman Jack
Does anyone have information on how to finance an older bike? it is in great shape, but everyone says not older than 5 years. Any contacts?
Thanks
Oldman Jack
Home equity loan
Christian Motorcyclist Association #64488
Patriot Guard
Volunteer Fire/Rescue/EMT/Captain
Was a LEO
Part time Corrections Officer
I always use a credit union.
The trike is 10 years old
Would be 15 years old when finished paying for it.
Just me
I worked for a large mtg co that also floor planned new car for auto dealers.
Am guessing that it will be hard, to near impossible, to find any lending on that old of bike. I think the lenders all have a max age they are willing to work with
Good luck.
US Navy Vet 77-92
GL1800 2008 Level 2 with Roadsmith Trike Kit
GL1800 2007 Level 1 with CSC Trike Kit (Sold but not forgotten)
Yep, Bike is 20 years old now, so it should qualify for an antique? Therefore, should be some financing somewhere. Lol. But that is the problem I am having selling it. Ok will keep looking.
Thanks
All for the ride
Old man Jack
I bought my trike when it was 10 years old, financed it through credit union.
I find that most dealers selling them offer financing. I'll be doing the same in a couple of months.
A good relationship with your lender,a good credit rating,and some documentation showing what a trike kit costs as well as some sort of documentation showing selling prices of comparable trikes all will help.I was lucky with my bank but I went in with a bit of info and they pulled the kit up on the computer printed it off and submitted it.Still was a tough sell they approved I think 11,500 for an 89 gl1500 with a new Champion kit and I had to agree to hand the title to my 07 nomad for the rest.In short they go walking in and say hey I need 15k for this 20 yr old trike that books for 6k(prices pulled out of thin air not meant to rep your trike).Be prepared with some sort of proof of value.
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
It is easiest to get a personal loan 10,000- 15000, 3-5 years repayment from your own bank. A secured loan can only come back to a repo, personal can come back to You. Providing you have reasonable credit, this is what my loan officer at my bank told my when I triked my 2004 Goldwing last year
Jim
I have been dealing with the same bank for over 55 years. Made my first loan at the age of 14. Always paid up. When I wanted to borrow the money to trike my Harley and add some more goodies they said do it and let them know how much. No problem. If you stay with the same company, bank or otherwise, they will work with you.
Every day is a good day.
US NAVY SEABEES 1971-1975
2010 Ultra Classic/ Hannigan Transformer
1987 Honda Rebel 450
Sold all the others
What lending institution made a loan to a 14 yr old kid? I don't care how many years ago it was.
Loyalty still counts here in my part of the world. *My home town bank has always been good to me. *You city folk *live in a different world.*
Every day is a good day.
US NAVY SEABEES 1971-1975
2010 Ultra Classic/ Hannigan Transformer
1987 Honda Rebel 450
Sold all the others