Motorcycle Rates Inflated

Originally posted on Loanspoke, this is a little ditty about bank rates being hiked up on bike loans.

Story…

Motorcycle loan rates are inflated due to statistics banks have compiled over decades in order to make choices that will ensure their profits. The statistics show that more borrowers with motorcycle loans have defaulted in the past. I don't get it and don't pretend to know if this holds water but I do know motorcycle loan rates are always approximately 3% more than an auto loan. I've tried to find the lowest rates for motorcycle loans anywhere.

Motorcycle loan rates leave the consumer with only a hand full of options if they want to save money. Option one is to simply buy the bike for cash. Kind if defeats the whole motorcycle loan process though right. The other option is to scrape up whatever money you can for a down payment. The more the better so you don't have so much interest to pay. The other option is to setup your payment schedule for a short term and higher payments. Also defeats the purpose of a loan. Either way you go you need to keep down the over-all interest.

If you surfed on to this page looking for low interest motorcycle loan rates you have likely found what you came looking for. Click on of the motorcycle loans link below and you will be on my product page for the lowest motorcycle loan rates available. Keep in mind that using my web site means no middle man cost o you. Their is no extra commission paid to me or anyone else. It's just between you and the merchant. Some days the lowest motorcycle loan rates are provided by Eloan. Sometimes it is Capital One auto finance. Whoever that financial institution is they have to have an easy online application form and the lowest interest rates available. Otherwise they are replaced as my top pick of the day.