Do you dream of buying a motorcycle? Are you worried that your budget is not up to the challenge? Why not leave worries behind and start looking into motorcycle financing? You could be just a few clicks away from your dream of riding into the sunset, cross-country adventures, hitting the open road or exploring the surrounding landscape on a budget.
The question is not whether or not a motorcycle loan would help you, because the answer is undoubtedly positive, but where to get it from in order to enjoy the best terms and conditions and benefit the most from it.
There is probably no need to tell you that you should stay away from private lenders, who will most likely ask for the moon and the sky in terms of interest. You may have a hard time getting motorcycle financing from other financial institutions as well, since they will ask for insurance and force you to buy from authorized dealers.
You therefore need a more flexible solution, a lender from whom you will receive a straight answer fast, to know exactly what to expect. That is why we suggest credit unions. Why? Here are five reasons.
Five Reasons to use Credit Union Motorcycle Financing
- Their purpose is usually not shareholder profits but member satisfaction;
- They have among the most flexible and easy to meet eligibility requirements on the market;
- Credit union motorcycle financing can be approved fast and based on a simple application procedure;
- They have low overall costs and are easy to repay;
- Membership in a credit union brings numerous other benefits.
Now that you have a better idea of what credit unions have to offer, it is time to learn how to find the best offers for motorcycle loans. Here are the steps you should follow:
Five Steps to Secure an Affordable Loan for a Motorcycle
- The first thing you need to do, is look for credit unions in your area and do a little research on their background and reputation. You need a credit union started by people like you for people like you, with several decades of experience on the market and a solid reputation, so eliminate any organization that does not meet these requirements from your list.
- Check out each credit union’s offer and see which of them provide motorcycle loans. It is important to take a loan dedicated to the asset you want to acquire because you will benefit from better terms and conditions and incur lower risks. The worst case scenario is that, if you do not repay the loan as agreed, you may lose your motorcycle. This is preferable to losing the house or your car.
- Compare terms and conditions, especially interest rates, and see which credit union has the best offer. Do not choose the first institution you come across, as you may have to repay a fortune .
- Contact the union with the best offer and apply for membership. Yes, credit unions do not work with customers, but with members. For them, you will not be a source of income, but a link in the chain of their existence.
- Once a member, apply for motorcycle financing, get out on your new bike and make your dream come true!
Did Your Research Bring You to Eastex CU?
If not, it is time you learned that we are a reputable credit union with over six decades of market experience and a history of granting fast and convenient motorcycle financing to our members. Have you laid eyes on a particular model? Would you like to know how much money you can borrow or how much you will have to repay every month?
Call (409) 276-2525 or 866-445-9622 or click the button below to apply right now! You will see for yourself that we offer some of the best motorcycle loans on the market and we have the simplest and fastest approval procedure.