How to Get Financing for a Harley Davison with Bad Credit?
Updated: Feb 11
Do you want to know how to get a harley with bad credit? Don't worry, you're not alone. A lot of people have credit problems for a variety of reasons. Maybe you had some unexpected expenses come up and your credit score took a hit as a result. Or maybe you've never had good credit and are just starting out now. No matter what the reason, don't let your bad credit keep you from owning the bike of your dreams. In this step-by-step guide, we will show you how to get a motorcycle loan with bad credit so that you can ride off into the open road today!
Table of Contents:
What kind of credit score is needed to buy a Harley-Davidson?
Your credit score is one of the most important factors when it comes to getting approved for a new bike. In order to get financing for a new Harley-Davidson, you'll need a down payment of at least $500. You will also need to meet the minimum credit approval requirements set by Eaglemark Savings Bank, which is 680 as of 2021.
Some credit unions may be willing to offer you financing with a credit score of less than 680, but they will usually require a larger down payment and/or higher interest. A finance team at a Harley-Davidson dealership can work with you to find APR results that meet your needs.
What is the lowest credit score Harley-Davidson will finance?
They've approved bad credit motorcycle loans on a used Harley as low as 580 in the past. However, keep in mind that the interest rates and terms of the loan may not be as favorable if your credit score is lower than 680. In hard times like these, it's important to take control of your finances as soon as possible by making sure you're paying off all debts in full every month.
So before you start looking at that vivid black Harley consider your motorcycle financing options. The finance department at a Harley-Davidson dealership will review your credit application and determine how much you can afford to pay each month.
Most people's biggest concern is the monthly payments and other terms on the financing offer. All applicant's past credit performance is considered when determining how much they'll pay, how long the term of the loan will be, and what type of interest rate (APR) you'll receive.
Keep in about the simple interest method, which is how your interest is calculated. This can be a big help when it comes time to compare financing offers from different Harley-Davidson dealerships.
Does Harley Davidson accept Affirm?
The short answer is: Yes, Harley Davidson accepts Affirm. The long answer is that the financing process varies depending on how you would like to purchase your bike(s).
The Affirm extended service plan for Harley Davidson is a great option that helps everyone who wants to get a new bike. It's how many Harley Davidson dealerships work with customers who have bad credit, and it can help to improve the chances of being approved for financing.
You can get the bike of your dreams with the starter button and hit the open road today with the help of Affirm and a Harley Davidson motorcycle dealership. Build strong relationships with the dealership's finance team and be transparent about your credit history. Work on improving your credit score so you can get a better APR offer in the future.
Even if you're not one of their high credit tier customers, Harley Davidson dealerships want to work with you. Many motorcycle financing options are available, and the finance team will do everything they can to get you the best month-to-month repayment term and low APR.
So at the time of sale, your biggest concern should be how you're going to pay for the bike. The dealer participation and applicable taxes may vary, so it's important to ask the finance team about these details. And remember, it's always a good idea to get an extended service plan for your new motorcycle.
Harley-Davidson is a brand that many people aspire to own. If you’re one of the lucky ones who have good credit, then congratulations – you can go ahead and apply for financing through the dealership. However, what if your credit score isn’t as high as you’d like it to be? Don’t worry – there are still options available to you. You may want to consider using a service like Affirm to finance your new bike. Affirm offers motorcycle financing for people with bad credit, so even if your credit history isn’t perfect, you may still be able to ride off into the sunset on your dream bike. Contact Affirm today and see if they can help.