Is there any bank that i can get a motorcycle loan even though i have bad credit?

Hi, i have bad credit (i'm 19 and i'm working on my credit) and i'm looking for a motorcycle to save miles and gas for my car and i just got declined on my credit unions and i'm hoping to see if there are lenders with decent rates for bad credit. I make 30k a year and i would love to get a honda shadow and yes, i'm licensed for motorcycle. And is motorcycle lender a legit site?

No, there are not. You have already been declined so why would you think that there's a cheap funder out there for you. Your only hope is one of the "we get credit for anyone" dealers but the rates are very high.

Work on your credit ratings first. Maybe close one debt before you open another? I don't mean that to be rude but at 19 you don't need a motorcycle and a car. At least get your credit score higher first before buying a motorcycle

Your rationale for getting a bike is dubious at best. A bank is not likely to lend. Also, do the math. The liklihood is that all savings you might realize from riding a 2 wheeler is more than offset by insurance, bike payments, bike maintanance expenses. It will likely cost more than the projected savings.

Only if you have a cosigner with excellent credit score. Otherwise, No

Not without a.cosigner with good credi

No one lends to people who don't pay their bills.

You can't borrow your way out of trouble.

Plan B should be to buy a bike that runs and you can get for cash now, keep working on your credit to get it back where it should be, and THEN think about a new one with financing. But if you are smart you will keep saving as much as you can and pay cash for another, better, used one when it gets to that point.

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