What would be the cheapest motorcycle finance company

[Slingshot]

Mebbe. I went through that exercise as a potential borrower at one point, and yeah, after a while I just pointed out to the person on the other end of the phone that I was currently shopping around for finance and there would be a whole crapload of searches from every man and his dog in the last [however long], and not to worry about them.

If a finance company can't handle that concept, it's being run by morons. I certainly never had any difficulties arise from the situation.

Agreed, but with the credit decision management software available these days, often the initial decision is made by a computer. The application may be declined to start with and then you may have to go through the process of manual re-assessment.

Anyway, were you shopping around for the best deal or someone that would lend to you? If it was the later, then that can have an impact.

[Slingshot]

American express has a reduced interest rate of 9% for 6 months for balance transfers from a compeditors card. You buy something on credit card B, wait the 55 days and transfer the balance to the American express. After 6 months you transfer it back to credit card B, and then transfer it to the American express card.

You still have to make minimum payments and have to remember to transfer the balance, but interest rate is lower. Understand?

Allways make sure you are paying off more than the mimimum amount

All you're doing is recycling the debt, you'll probably find that the companies will pick up on this unless you falsify the application forms, in which case, if they find out you're in the poo.

[jrandom]

American express has a reduced interest rate of 9% for 6 months for balance transfers from a compeditors card.

Oooh. I didn't know they did that. I have an AMEX, but it's a charge card.

[jrandom]

Anyway, were you shopping around for the best deal or someone that would lend to you? If it was the later, then that can have an impact.

In that case, it was a 'best deal' thing.

I don't recall ever being turned down for finance. Why *would* they...

[FROSTY:Me]

What would be the likelihood of using my car that is fully paid off as security for a bank loan for a bike?

Would that be accepted along with a good income?
However I want to avoid getting a loan so soon after just having paid of my car. Repayments are a bitch. Just want to know if it's likely or not to be accepted.

Ok well um er -I do this stuff all day sooooo.
Yep bank loan is gonna be cheapest However first teir (sp) finance companies can still be a better option.
I'd suggest in the first instance visiting the AA and using their finance,
Its actually GE finance but the AA do so many deals they get a super good interest rate--13.9%
Re using car as collateral --No worries--Send me a PM Gen I can do a valuation for you for finance purposes.-basicly yep theyll use the car as security no worries.

[Racey Rider]

Except for the extra searches that will show on your credit report from Baycorp, if you have too many searches, it can put lenders off.

How can I find out about my credit report? :spudwhat:
Is it free?

[Slingshot]

Ring Baycorp and ask them for a copy

[onearmedbandit]

hey guys, dont know to many finance companys, but would any of yous be able to suggest some finance companys with low interest rates for motorcycles as last time i had finance on a bike the interest was 17.5 % from south island finance :S

The question no-one has asked, including myself untill now, is what are you buying? You must be updating, or adding another bike. So tell us, what is it?