Tips on Financing a Motorcycle or Scooter

While motorcycles and scooters have their differences, when it comes to financing, these vehicles are pretty much identical. As a result, we’ve written up some helpful tips below to help you navigate the ins and outs of motorcycle and scooter financing. To learn more, feel free to stop by BMW Motorcycles® of North Dallas anytime to speak with one of our expert financing agents. 

Raise Your Credit Score 

The lower your credit, the worse your loan is going to be. Whether it’s longer terms or higher APR, you’ll want to do everything you can to raise your score as much as possible before you begin applying for financing. To raise your score, remember to pay off any bills and see if you can have old paid-off debts removed from your credit history. It also helps to use credit cards regularly—just make sure to pay them off on time! 

Apply With Multiple Lenders 

There are many financial institutions out there willing to offer you financing for your motorcycle or scooter. However, to ensure you’re getting the best loan available, we strongly advise applying with multiple lenders in order to directly compare your offers. You’re welcome to apply with various institutions, including banks, dealerships, credit unions, and even online lenders—just be careful not to submit more than 5 to 6 submissions at a time or your credit may take a serious hit. 

Looking for a convenient one-stop shop to browse, buy, and finance scooters and motorcycles? Then look no further than BMW Motorcycles® of North Dallas here in Plano, TX! We offer a massive selection of quality motorcycles and scooters for you to choose from, as well as affordable financing services, and we proudly serve the surrounding communities of Dallas, Frisco, and Fort Worth, TX.