As a muscle car junkie, I can tell you straight up from past experience you dont have to buy new to finance…. in fact, financing through a dealership is almost always a bad idea, whether you buy new or used.
All you have to do is find the car, or bike, you want… and make sure its blue book value isnt way less than the asking price. Then go to your local bank or credit union with the VIN number, and make model info, and get them to give you a loan…. they will give you either a secured or unsecured loan… the interest rate on the latter being slightly higher… but 9 times out of 10 you are going to get a WAY better interest rate from the bank or CU than you will the dealership. The bank will either give the money directly to you in an account for you, or cut a check to the person/business you are purchasing from. Then you are made in the shade. I bought my old 88 Iroc z this way….. felt good to only have to finance 5k instead of the 12k the dealership wanted for the same ride.
That way you are free to look for both new and used, and save money both in the short term (on the price of the bike) and the long term (with a better interest rate).
Hope this helps!
