How to Buy a Motorcycle if You Have Bad Credit?

Are you a motorcycle fanatic? Do you dream about motorcycles? Is all you’ve ever wanted one specific type of motorcycle that you’ve had your eyes on for years?

If so, you probably can’t wait to get your hands on that perfect model (yes, even if you already have another type of motorcycle in your garage right now!). But buying a new motorcycle can be a challenge, especially if you don’t have good credit right now. Below, we will outline several of the steps you can take to still buy the motorcycle of your dreams — even if you have bad credit. Let’s begin!

Consider a Buy Here Pay Here Motorcycles Dealer

Buy Here Pay Here or BHPH refers to a model of selling vehicles that is beneficial to the buyer. It’s often what people with bad credit do to still get a motorcycle, car, truck, or other vehicle that they need or want.

With the Buy Here Pay Here model, you basically go into the dealership, pick out the vehicle you would like to purchase, and instead of going to a bank to get financing, you get financing directly from the dealership. A lot of these dealerships will offer excellent financing deals, and they’ll even give you the financing if you have less than good (or even less than average) credit.

Improve Your Credit Score

If you’d like to get better with your credit, you can also do this. Anyone with bad credit can improve their credit. It just takes a little motivation, some strategic effort, and time.

The first thing you need to do is take a look at your credit. Most people who know they have bad credit don’t want to do this, but it’s the first step. You can order a free credit report (you are allowed one free credit report every year from the major three credit reporting agencies), or you can just look at your score. Today, up-to-date credit scores are generally available for free along with many banks or credit card companies.

Once you have your credit score, you need to work to improve it. The best way to do this is to reduce your credit to debt ratio. Basically, you’ll want to pay off all the debt that you can. You’ll also want to make sure that you’re making your credit card and other loan payments on time every month. By taking these steps, you should see a credit score improve in no time.

Remember that a lot of people with bad credit just assume that they won’t be able to make any major purchases of homes, cars, motorcycles, and more. This isn’t true. Use the tips and advice listed above and you’ll be able to get the motorcycle of your dreams — even if you have bad credit!