• Welcome to the Two Wheeled Texans community! Feel free to hang out and lurk as long as you like. However, we would like to encourage you to register so that you can join the community and use the numerous features on the site. After registering, don't forget to post up an introduction!

Best Interest Rates??

Joined
Jul 21, 2014
Messages
28
Location
Benbrook, Texas
Suzuki is offering 4.99 for 60 months on 2018 V-Strom 1000, anyone know of better rates than this?

Anyone familiar with Altra Federal Credit Union located in Tyler? Good or Bad?
Found them while doing a search for best interest rates.
 
Joined
Oct 27, 2008
Messages
1,393
Location
Frisco, TX
I’ve also been looking into financing options. Not for an immediate purchase...just research for the hopefully near future. From what I can tell it is pretty difficult to beat the promotional rates from the manufacturers. The game has definitely changed since the last time I financed a bike. The promotional rates aren’t nearly as good, third party rates aren’t as good, and not nearly as many third party lenders even offer motorcycle loans.

A dozen years or so ago I applied online with Capital One and got a blank check (of course with a pre-approved limit) in the mail two days later with a 4.9% interest rate. I never ended up actually using it, but it sure doesn’t seem like anything like that exists now.

The best third party rate I’ve seen is from my credit union which is 8.5% (for a loan between $5K and $10K). I haven’t done all that thorough of research so far, though. As I said...I’ve just been checking out options for the future.

Unfortunately the manufacturer I’m looking at doesn’t offer their own financing, so I’ll either be saving up cash or finding another route.
 

mitchntx

Follower of Rev. Doug
Joined
Jun 11, 2006
Messages
3,284
Location
Granbury
I've used Freedom Road a couple times while I moved other vehicles to cover the expense.
Doubt they can get to 4.99%, though.
 
Joined
Oct 16, 2008
Messages
1,886
Location
Bryan, TX
I just bought a new Ford Transit van and financed $10,000 at 1.99%. Aggieland Credit union in College station.
 

cdc

Registered Lurker
Forum Supporter
Joined
Jul 21, 2004
Messages
2,978
Location
Katy, TX
Credit unions usually can offer better rates.
 
Joined
Feb 20, 2006
Messages
22
Location
Austin, TX
www.ufcu.com has probably the best rates on MCs we've seen in the industry. We send tons of people their way, you do have to borrow $5k min. though. Easy to apply online, easy to join.
 

Windmill

Forum Supporter
Joined
Mar 5, 2015
Messages
2,328
Location
Thorndale
www.ufcu.com has probably the best rates on MCs we've seen in the industry. We send tons of people their way, you do have to borrow $5k min. though. Easy to apply online, easy to join.
Man I looked at the new Aprilia 900cc V-twins Shiver and Dorsoduro on line. Bet they got some gitty-up at about 9k. I would like to finance one of these babys. :trust:
 

TWTim

Forum Supporter
Joined
Feb 19, 2007
Messages
9,923
Location
Midland
Yes Buy a used VStrom for cash. If you can't do that, pass. But I'm not your dad. Lucky you.
Excellent advice. If you have to finance an 11 Grand purchase at all, much less for five years, you likely can't afford it.

But I'm not his dad, either. In fact, I'm no one's dad. That's one of the reasons I can afford to pay cash. LOL.

:chug: :mrgreen: :thumb:
 
Top