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My friend wants a motorcycle and his credit score is not up to parr?
They tells him he needs a co signer or about half down on a bike that run 10,000. I heard they have brokers you can use to ease the pain like a person who uses a broker to get a car. If true, do any one know the process or what you have to do, or even know what to look up looking for a broker.
5 Answers
- ?Lv 71 decade agoFavorite Answer
Just tell him to find a used bike that costs less. Whatever you do... DO NOT offer to co-sign with him. That's guaranteed to be the fastest way to lose a friend.
- 1 decade ago
you can't beat a bad credit score... used bike is cheaper but term of loan is shorter and interest rate higher because collateral (the bike) isn't worth as much. The only way to fix this is to get the down payment and make all payments on time... not even 1 day late. FIX the score
- Anonymous1 decade ago
A person with bad credit has not made very good decisions in the past, so buying a motorcycle should be off that person's To-Do list. If your friend can't handle your finances, then your friend can't handle the responsibility of a motorcycle. Stick with a used Saturn or something.
- Doug WLv 61 decade ago
Why 10 grand?? Get a smaller one that costs like 5 or 6. There are tons of them new and he probably could afford that and help his credit report in the process.
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