How to Arrange Bad Credit Motorcycle Loans

The Need for Bad Credit Motorcycle Financing

For those who have poor credit, motorcycle financing can be can be difficult (but not impossible) to arrange because, while car/motorcycle dealerships with in-house motor-cycle loans do exist, it is tough most times to find the brand, style and color that you are interested in. You have to choose from a small number of bikes and settle for what you can find on the lot. In addition, small local dealers will insist on a huge down payment in order to get into one of their motorcycle loan.

Where to Look For Bad Credit Motorcycle Loans?

So what is the best place for people to begin their search for bad credit motor bike financing? Besides small local dealerships that may have a few motor bikes on the lot, poor credit can limit your options. The problem seems to be that most small local dealerships do not have very many bikes on the lot, and if they do you will be lucky to find one that interests you, and that mainstream full-blown motorcycle dealerships usually do not want to issue in-house bad credit motorcycle loans. Nevertheless, there are a few other options for getting poor credit motorcycle financing. The first step is to try to qualify for conventional motor-cycle finance at a motorcycle dealership. That begins by knowing what your credit score is.

How bad is Your Credit Score Really?

The fact that you have low credit at all may not be the deciding factor when a dealership considers bad credit motorcycle loans. Of course financing a motor cycle will depend on your credit score, but more importantly, it will depend on your recent credit history. If you have had poor credit items added to your credit history recently, in the past few months, then this will more negatively affect your credit score and your ability to secure low credit motorcycle financing. Bad credit items from the past, from a year or more back do not count nearly as much as recent items. If you do have any bad credit items in the past year then you should consider trying to get those items removed before you apply for your bad credit motorcycle finance. In general, if you have the cash in hand when calling your creditors, then you have a very good chance at getting the debt removed completely from your credit history.

How Your Income Factors in to Bad Credit Motorcycle Financing

Another item, which may affect your ability to qualify for poor credit motorcycle financing, is your income. The higher your income is, the less important your credit score will be to the dealership when considering your motorcycle finance, whether it is through a (BHPH) “Buy Here Pay Here” local small car lot, or through a fully fledged motorcycle dealership, because you will present a much lower risk to the dealer if they know that you have the income to make your payment and that you are not struggling with paying your bills. Also, make sure that your debt to income ratio is low enough. Your debt to income ratio is the amount of monthly debt that you have each month as opposed to your monthly gross income. It should be right around 30 percent or lower, or 35 percent maximum. If your debt to income ratio is higher, such as around fifty percent, you may have a hard time getting motorcycle loans, even if you have a decent credit history.

Where Are Honda Cars Made?

You’ve seen them in magazine ads, on television commercials and on the road. Honda is one of the world’s best known and respected automotive brands. The company behind the cars is Honda Motor Company, Ltd., a multinational corporation based in Minami-Aoyama Nichome, Minato, Tokyo, Japan. Honda designs, develops, manufactures and sells popular vehicles such as the Accord, the Civic, the CRV and many others. Honda cars are driven in many different parts of the world.

Not Everything is Done in Japan

Many people incorrectly assume that Japanese cars are manufactured in Japan. The truth is, the world is a much different place today than it was in the late ’40’s when Honda first started. Globalization has made it possible for multinational corporations to distribute their production facilities around the world for maximum efficiency. For example, even though the companies’ world headquarters are in Japan, American Honda Motor Co. is based in Torrance, California. Honda has also created joint ventures around the world to facilitate operations in places such as China and India.

In terms of where the cars are actually made, the answer is – it depends. Honda has several assembly plants distributed around the world, each producing anywhere from only one to five different styles of automobiles. Depending on where in the world you live, and what type of vehicle you are wondering about, the actual geographical origin will vary. Below is a list of their manufacturing and assembly plants with details about what type of vehicles are made there. It is safe to assume that if you live closer to China than the U.S., the assembly plant closest to (or in) China that manufactures any given model is the one where that car came from.

Honda Manufacturing and Production Facilities

Japan

As of 2009, there were only two main manufacturing plants located in Japan.

The Honda Hamamatsu Factory in Hamamatsu, Japan manufactures cars, motorcycles and engines from the car manufacturers complete lineup.

There is another Japanese production facility located in Suzuka, Mie, Japan. Currently, this facility only produces one model – the Honda Fit.

China

The Dongfeng Honda Automobile Company, based in Wuhan, China opened in 2003. This assembly plant currently manufactures only the Honda CRV, but has plans to produce Honda Civics in the near future.

Indonesia

Honda Indonesia is the name of the factory located in Karawang, Indonesia. Currently, this manufacturing facility only produces the Honda Fit.

Thailand

In Thailand, Honda manufactures the Honda Fit in their factory located in Ayutthaya, Thailand.

Turkey

Honda has a factory in Turkey where it has manufactured cars of different styles since 1992.

New Zealand

Honda New Zealand manufactured cars from 1965 through 1998. The models that were produced in this facility include the Honda City, the Civic and the Accord.

Belgium

The production facility in Belgium makes only motorcycles.

England

In the UK, Honda has manufactured the Civic and the CRV in Swindon, England since 1992.

Brazil

Honda Amazonas Motorcycle is a Brazilian production facility that only manufactures motorcycles. The plant is located in Manaus, Amazonas, Brazil and has made motorcycles since 1976.

Honda Brazil Automobile, a facility located in Indaiatuba, Sao Paolo, Brazil manufactures the Civic and the Fit.

United States

The Marysville Auto Plant in Marysville, Ohio makes Accords, Acuras and motorcycles.

The East Liberty Auto Plant, in East Liberty Ohio, manufactures the Civic, the CRV and the Honda Element.

Honda Manufacturing of Alabama is located in Lincoln, Alabama. The plant, which opened in 2001, manufactures vehicles such as the Honda Odyssey, the Honda Pilot and the Honda J Engine.

Bank Repossessed Motorcycles – What Choice Could Possibly Be Better?

Do you know that bank repossessed motorcycles can be the best decision you have made until now? Many people haven’t heard what all the fuss about repo is about. Repo is simply short for repossessed, denoting the kind of property that has been repossessed by businesses like banks or any other financial institutions. Items like cars, motorcycles and houses can also be repossessed by government departments.

What happens is the initial purchaser may fail to fully meet the financial duties of the loan payment terms. Should this happen then the lending institution has no other choice but to repossess the item and put it to auction trying to raise funds paying off the remaining balance. Repo items may also be the kind of assets that police confiscate after being used in a criminal activity.

The repo idea has been a great benefit for the motorcycle industry. The concept has simply broadened the market. What this means is that you can get a very good bank repossessed motorcycle and be sure to satisfy the penchant for your best motorcycle ride. Motorcycles for sale in this market can range from various older makes and models up to the top of range cycles what will make you the envy of all your friends.

True that most of the motorcycles sold in this market are not new, but what you do get is some that are in very good condition.

So where do you get the repossessed motorcycles? The best thing you can do is:

1. Consult with your local media
2. Property auctions directories

To do this you need to be able to know about the markets that are set up for motorcycles in your area. This way you will be able to locate the cycle that is just right for you.

If you want to purchase the best repossessed motorcycle that money can buy, then you have to ensure that you visit these markets every week. The reason to do this is repossessed property markets are volatile and items change on a daily basis. What happens here is that if you do not get what you are looking you have to hang on until next time. You may not get what you want this week but chances are that if you stick at it you will get what you want in terms of bank repossessed motorcycles.

How to Arrange Bad Credit Motorcycle Loans

The Need for Bad Credit Motorcycle Financing

For those who have poor credit, motorcycle financing can be can be difficult (but not impossible) to arrange because, while car/motorcycle dealerships with in-house motor-cycle loans do exist, it is tough most times to find the brand, style and color that you are interested in. You have to choose from a small number of bikes and settle for what you can find on the lot. In addition, small local dealers will insist on a huge down payment in order to get into one of their motorcycle loan.

Where to Look For Bad Credit Motorcycle Loans?

So what is the best place for people to begin their search for bad credit motor bike financing? Besides small local dealerships that may have a few motor bikes on the lot, poor credit can limit your options. The problem seems to be that most small local dealerships do not have very many bikes on the lot, and if they do you will be lucky to find one that interests you, and that mainstream full-blown motorcycle dealerships usually do not want to issue in-house bad credit motorcycle loans. Nevertheless, there are a few other options for getting poor credit motorcycle financing. The first step is to try to qualify for conventional motor-cycle finance at a motorcycle dealership. That begins by knowing what your credit score is.

How bad is Your Credit Score Really?

The fact that you have low credit at all may not be the deciding factor when a dealership considers bad credit motorcycle loans. Of course financing a motor cycle will depend on your credit score, but more importantly, it will depend on your recent credit history. If you have had poor credit items added to your credit history recently, in the past few months, then this will more negatively affect your credit score and your ability to secure low credit motorcycle financing. Bad credit items from the past, from a year or more back do not count nearly as much as recent items. If you do have any bad credit items in the past year then you should consider trying to get those items removed before you apply for your bad credit motorcycle finance. In general, if you have the cash in hand when calling your creditors, then you have a very good chance at getting the debt removed completely from your credit history.

How Your Income Factors in to Bad Credit Motorcycle Financing

Another item, which may affect your ability to qualify for poor credit motorcycle financing, is your income. The higher your income is, the less important your credit score will be to the dealership when considering your motorcycle finance, whether it is through a (BHPH) “Buy Here Pay Here” local small car lot, or through a fully fledged motorcycle dealership, because you will present a much lower risk to the dealer if they know that you have the income to make your payment and that you are not struggling with paying your bills. Also, make sure that your debt to income ratio is low enough. Your debt to income ratio is the amount of monthly debt that you have each month as opposed to your monthly gross income. It should be right around 30 percent or lower, or 35 percent maximum. If your debt to income ratio is higher, such as around fifty percent, you may have a hard time getting motorcycle loans, even if you have a decent credit history.

Where Are Honda Cars Made?

You’ve seen them in magazine ads, on television commercials and on the road. Honda is one of the world’s best known and respected automotive brands. The company behind the cars is Honda Motor Company, Ltd., a multinational corporation based in Minami-Aoyama Nichome, Minato, Tokyo, Japan. Honda designs, develops, manufactures and sells popular vehicles such as the Accord, the Civic, the CRV and many others. Honda cars are driven in many different parts of the world.

Not Everything is Done in Japan

Many people incorrectly assume that Japanese cars are manufactured in Japan. The truth is, the world is a much different place today than it was in the late ’40’s when Honda first started. Globalization has made it possible for multinational corporations to distribute their production facilities around the world for maximum efficiency. For example, even though the companies’ world headquarters are in Japan, American Honda Motor Co. is based in Torrance, California. Honda has also created joint ventures around the world to facilitate operations in places such as China and India.

In terms of where the cars are actually made, the answer is – it depends. Honda has several assembly plants distributed around the world, each producing anywhere from only one to five different styles of automobiles. Depending on where in the world you live, and what type of vehicle you are wondering about, the actual geographical origin will vary. Below is a list of their manufacturing and assembly plants with details about what type of vehicles are made there. It is safe to assume that if you live closer to China than the U.S., the assembly plant closest to (or in) China that manufactures any given model is the one where that car came from.

Honda Manufacturing and Production Facilities

Japan

As of 2009, there were only two main manufacturing plants located in Japan.

The Honda Hamamatsu Factory in Hamamatsu, Japan manufactures cars, motorcycles and engines from the car manufacturers complete lineup.

There is another Japanese production facility located in Suzuka, Mie, Japan. Currently, this facility only produces one model – the Honda Fit.

China

The Dongfeng Honda Automobile Company, based in Wuhan, China opened in 2003. This assembly plant currently manufactures only the Honda CRV, but has plans to produce Honda Civics in the near future.

Indonesia

Honda Indonesia is the name of the factory located in Karawang, Indonesia. Currently, this manufacturing facility only produces the Honda Fit.

Thailand

In Thailand, Honda manufactures the Honda Fit in their factory located in Ayutthaya, Thailand.

Turkey

Honda has a factory in Turkey where it has manufactured cars of different styles since 1992.

New Zealand

Honda New Zealand manufactured cars from 1965 through 1998. The models that were produced in this facility include the Honda City, the Civic and the Accord.

Belgium

The production facility in Belgium makes only motorcycles.

England

In the UK, Honda has manufactured the Civic and the CRV in Swindon, England since 1992.

Brazil

Honda Amazonas Motorcycle is a Brazilian production facility that only manufactures motorcycles. The plant is located in Manaus, Amazonas, Brazil and has made motorcycles since 1976.

Honda Brazil Automobile, a facility located in Indaiatuba, Sao Paolo, Brazil manufactures the Civic and the Fit.

United States

The Marysville Auto Plant in Marysville, Ohio makes Accords, Acuras and motorcycles.

The East Liberty Auto Plant, in East Liberty Ohio, manufactures the Civic, the CRV and the Honda Element.

The Advantages of Riding a Motorcycle!

When my husband first planted the seed that he would love to own a motorcycle I tried to ignore it. For all the obvious reasons like initial cost, traffic safety issues, less structural protection, and defiant biker myths, I felt intimidated and scared. Now, two years later and a few rides under my belt, I wished I had opened up sooner.

The idea of riding on a motorcycle was overwhelmingly enticing, but also quite frightening, as every time I came near a motorized two-wheeler I kept recalling the motorcycle accident I had witnessed as a child, and the young man desperately calling out for his mother. Nine at the time, I was horrified of the victim lying on the cobblestone road, his leg weirdly twisted and blood running all over his face. If you ask me, I honestly do not recall anything about his bike, nor if he was wearing a helmet, and this being the mid-sixties I doubt he was. All I could focus on at the time was his pain and the horror in his eyes.

Today I recognize that accidents happen and that it does not matter where you are, what you do or are using to get around. Heck, you can get hit by a bus just crossing the road. All I know is that riding a motorcycle has many advantages which I, as a thrifty budgeter and rational adult can greatly appreciate.

Here are several advantages that come with owing and riding a motorcycle.

– It is cost effective, dodging record fuel bills.

– It reduces your dependence on foreign oil and helps the country’s economy.

– It reduces carbon emissions tremendously compared to driving a car.

– It allows you to be more flexible in traffic.

– It permits you to use car pool lanes.

– It makes parking easier. A bike parks in a third of the space of a car and angle parking is permitted. A bike can also be park on sidewalks in front of stores and restaurants.

– It saves you on maintenance and repair bills compared to cars. Motorcycle engines are easier to access and you can do more of the upkeep yourself, something bikers pride themselves on.

– It gives you the ability to pull over anytime. This advantage comes in handy when you got lost and need directions, or when you are traveling in formation and need to regroup.

– It is less boring and falling at the wheel is less of a possibility. If not the noise, the wind in your face will keep you awake.

– It lets you connect better with the environment. On a bike, you tend to enjoy your surroundings more, keeping you more alert and making the trip more enjoyable and stress relieving.

– Last but not least: riding a bike looks cool and appealing for both men and women and gets you off the couch!

The Advantages of Riding a Motorcycle!

When my husband first planted the seed that he would love to own a motorcycle I tried to ignore it. For all the obvious reasons like initial cost, traffic safety issues, less structural protection, and defiant biker myths, I felt intimidated and scared. Now, two years later and a few rides under my belt, I wished I had opened up sooner.

The idea of riding on a motorcycle was overwhelmingly enticing, but also quite frightening, as every time I came near a motorized two-wheeler I kept recalling the motorcycle accident I had witnessed as a child, and the young man desperately calling out for his mother. Nine at the time, I was horrified of the victim lying on the cobblestone road, his leg weirdly twisted and blood running all over his face. If you ask me, I honestly do not recall anything about his bike, nor if he was wearing a helmet, and this being the mid-sixties I doubt he was. All I could focus on at the time was his pain and the horror in his eyes.

Today I recognize that accidents happen and that it does not matter where you are, what you do or are using to get around. Heck, you can get hit by a bus just crossing the road. All I know is that riding a motorcycle has many advantages which I, as a thrifty budgeter and rational adult can greatly appreciate.

Here are several advantages that come with owing and riding a motorcycle.

– It is cost effective, dodging record fuel bills.

– It reduces your dependence on foreign oil and helps the country’s economy.

– It reduces carbon emissions tremendously compared to driving a car.

– It allows you to be more flexible in traffic.

– It permits you to use car pool lanes.

– It makes parking easier. A bike parks in a third of the space of a car and angle parking is permitted. A bike can also be park on sidewalks in front of stores and restaurants.

– It saves you on maintenance and repair bills compared to cars. Motorcycle engines are easier to access and you can do more of the upkeep yourself, something bikers pride themselves on.

– It gives you the ability to pull over anytime. This advantage comes in handy when you got lost and need directions, or when you are traveling in formation and need to regroup.

– It is less boring and falling at the wheel is less of a possibility. If not the noise, the wind in your face will keep you awake.

– It lets you connect better with the environment. On a bike, you tend to enjoy your surroundings more, keeping you more alert and making the trip more enjoyable and stress relieving.

– Last but not least: riding a bike looks cool and appealing for both men and women and gets you off the couch!

Essential Tips For Purchasing Motorcycles

When you choose to ride motorcycles over driving cars, you’re choosing more than a lifestyle, you’re choosing absolute freedom. However, figuring out where to obtain one can get a bit tricky, especially if it’s your first purchase. Check out these easy tips on how to get into riding motorcycles.

Referrals

Chances are you know someone who rides motorcycles for pleasure. So the first thing you want to do is ask them where they got theirs. They might say Craigslist, a friend, or a local dealer. Listen to what they have to say. Referrals are one of the most common ways to connect riders to their rides.

Don’t forget to check online reviews for dealerships. Customers tend to speak more frankly on websites like Yelp, which can provide some useful information about where they bought their bikes. However, don’t let the opinions of others be your sole source of information. Conduct a little research and have fun while doing it!

Check Your Local Dealer

You can find local dealers with a simple Google search. Look up “used motorcycles in (insert city),” and your search engine will provide you with a list of dealers. Google has gotten so sophisticated that it knows how to narrow choices down to places you’re likely to visit anyway. So give it a try, you never know what’s out there until you look.

Quick Tip: Take a stroll around town. It’s fun to bring some friends along for the ride, and maybe you can include them in your search too. Who knows, maybe you have an aficionado or two in your circle and you just don’t know it.

Test Rides

Test rides are the most fun part about shopping for motorcycles. You get to ride the machines you couldn’t afford otherwise, while also finding the right fit. The best part about it is, you won’t have a salesman talking you into something you really don’t want. So get out there and have some fun with a test ride or two.

Financing

Just like cars, motorcycles usually come with options to finance. A dealership may offer in-house financing, or they might be connected to a local bank you can trust. Either way, don’t be intimidated to look just because you don’t have a few thousand dollars burning a hole in your pocket. Ask the salesperson on duty about financing your purchase!

Cost Efficiency

Most motorcycles get gas mileage that’s equivalent many electric cars. In fact, most bikes get 80-90 mpg! Filling up the tank is cheap, too, since they’re so small. Riding your bike is not amazing to just your soul; it’s also amazing to your wallet!

How to Avoid Motorcycle Injuries

Nothing is as relaxing as a ride with a motorbike. Especially at higher speed the sensation is much greater because the rider is not separated from the environment. Riding a motorcycle rewards the cyclist with a more intense feeling than driving a car. You can feel the wind, you can almost touch the road, you can lean over while taking turns. But while all this sounds really fun, remember that driving a motorcycle can be dangerous. Even when you yourself are driving very carefully the risk of taking a heavy motorcycle injury is always higher than when driving a car. Motorcycle injuries are always more serious than crashes with other means of transportation.

That’s way it can’t be stressed enough to protect yourself when driving a motorbike. Safety should be priority number one when stepping on a motorcycle. It won’t prevent a crash or accident but the risk to get badly injured in a motorbike accident can be reduced significantly. It probably isn’t necessary to tell how bad driving without a helmet can turn out. In many cases a head injury is lethal and can be avoided by wearing a helmet. Of course this doesn’t mean something bad can’t happen but by taking some simple precautions it’s possible to bring down the chance of having a serious motorcycle injury after an accident.

Some things that will help to avoid severe motorbike injuries are professional training, protective clothing, the use of a helmet and good eyewear.

Professional motorcycle training is absolute necessary to know how to react in unexpected situations, to know how to take the turns and most important to know how automobilists behave when a motorbike approaches. Keep in mind that most automobilists are not aware of the habits of motorbike riders.

Protective motorbike clothing ranges from jackets, gloves, boots… This clothing is mostly made of leather and will protect you from grazes. You could also consider to use more advanced protection such as airbag jackets that will help prevent neck and back injuries.

The use of a helmet should be mandatory everywhere as it can help to prevent severe head and neck injuries.

Good eyewear and/or sunglasses will help to not get blinded all of a sudden. You should have a clear sight on the road at all times.

Cars, Motorcycle and the Question of Insurance

Cars are hot but motorcycles can be hotter. Nothing beats riding the highway at night with your hair flying as the wind blows it away while the lights are no more than colourful lines on your sides. But as sure as you should check for car insurance quotes, you should also check out quotes for motorcycles if you own one. Do you really need to have your bike insured? Yes, definitely. Just because you drive a bike does not mean you are safe from accidents. A 4WD is relatively safer than a motorcycle. Nevertheless, check for motorcycle insurance quote in order to save money on expensive premiums.

The coverage for car insurance is almost the same with motorcycle insurance. However, the rates are different. Motorcycle insurance costs less than car insurance because a motorcycle can cause less damage than a car. That is to say, if a motorcycle collides with a car, the motorcycle gets the bulk of damage. On the extreme, you might die on a motorcycle accident and this is the least of worries of insurance companies. You can check sites that lists car insurance quotes and this claim will be justified.

Just like car insurance, motorcycle insurance is also calculated based on your driving record, mileage and your location. Also, a more expensive model of a motorcycle is charged with higher premium than a less expensive one. Just like what every car insurance quotes say, a good driving record merits lower premium. The less distance you cover when driving, the lower premium your insurance company will charge you with. Finally, if you live in a place where there is a high risk of theft, vandalism and vehicular accidents then you will be charged with higher premium.

Getting the best motorcycle insurance is also similar with getting the best car insurance. Choose a motorcycle that is not likely to get stolen if you park it outside a fast food. Also, be sure that your motorcycle is not hot to the eyes of vandals. In short, avoid flashy and expensive motorcycles just as much as you would avoid flashy luxury cars. Maintain a good driving record. If you have a bad driving record for the past 3 years, you might be randomly assigned to an insurance company where you will have no choice on the matter. You can lift the probation if you keep your record clean for 2 years or more and you can finally switch to the insurance company of your choice. Lastly, do not forget to compare motorcycle quotes just as you would take time and effort to compare car insurance quotes.