SantaCruzRiderI think Kawi is offering 4.99% on all new bikes. Of course that’s subject to qualifying for that rate.
Generally, you best rate will always be a manufacturer incentive (like the 4.99% above). Next on the scale will usually be a local credit union, followed by banks. Many of these folks will offer financing on used bikes, but their rules vary and many are entirely subject to your credit scores. Keep in mind that almost all lending institutions are in some disarray right now and even well-qualified folks are having difficulty getting loans.
Have you thought about getting an older bike that is within your budget? Having a bike with no payment will not only result in lower purchase price and no interest, it will also deeply cut your insurance costs. Just a thought.
Personally, I think it’s a poor financial decision to pay interest on any asset with decreasing value. I admit to having done so in my misinformed youth, but I’ve since learned that high interest loans on vehicle don’t allow you to afford them, they just hide the fact that you can’t afford it and add fuel to fire. OK- end of my fiscal sermon. Hope one of my earlier statements is helpful.
