Because you're borrowing less, the total interest paid over the life of the loan drops significantly, even if the rate is high. 4. Strategies for Success
Unlike a car, which is often seen as a necessity for work, many lenders categorize motorcycles as "recreational vehicles." This makes them inherently riskier loans, often carrying higher base rates even for good-credit borrowers. 2. Where to Find the Money buying a motorcycle with bad credit
In the eyes of a lender, a low credit score (typically anything below 620-640) represents risk. To mitigate that risk, they charge more for the privilege of borrowing. Because you're borrowing less, the total interest paid