Financing Tips for Your New Motorcycle

If you plan on financing your motorcycle purchase you’ll want to read our helpful tips below! When you’re ready, visit our dealership in Salt Lake City, Utah to start browsing our impressive inventory of motorcycles today.

Credit Score

Before you begin applying for loans we advise checking your credit score with one of the free reporting agencies. If your score is below 650 you may want to take some time to raise it up in order to get a better loan. Easy ways to raise your credit score involve regularly charging and paying off your credit card, paying bills on time, and paying off old debts. 

Budget

It’s important to have a budget in mind before applying for loans. If you’re not careful, you may overspend and end up with a debt-to-income ratio that’s much too high. Take some time to calculate your monthly expenses and subtract them from your monthly income. What you have left over should go towards your savings and monthly loan payments. 

Apply

There’s a careful balance you have to strike when applying for loans. Apply for too many and you’ll lower your credit score (and raise your interest rates). However, if you don’t apply with at least a few lenders you may miss out on a better loan opportunity. Try to do some research on the best lenders near you and keep your submitted applications below 5 or 6.

If you’re in the market for a new motorcycle, we hope you’ll visit us here at Addictive Behavior Motor Works! We offer a number of helpful services such as financing options, trade-ins, and regular sales promotions.