Whether it’s your first or fifth, buying a Harley-Davidson® motorcycle is exciting. If you plan to use Harley-Davidson® financing, preparing before you apply can make the process easier to navigate. Boston Harley-Davidson® offers these tips for getting your finances and application ready.
Know Your Credit
Your credit history can play an important role when you apply for motorcycle financing, including the rates and terms that may be available to you. Before applying, consider checking your credit reports so you know where you stand. Reviewing them ahead of time also gives you an opportunity to identify and dispute any errors you may find.
Work on Your Credit Before Applying
If you aren't ready to purchase immediately, you may want to spend some time strengthening your credit profile before applying. Paying bills on time and reducing outstanding debt can potentially help your credit over time. Keep in mind that lenders consider multiple factors when reviewing an application, so a particular credit score doesn't guarantee approval or a specific interest rate.
Consider a Joint Applicant
Depending on your circumstances, applying jointly with another person may be an option. A joint application means both applicants are responsible for the resulting loan. Because approval, rates, and terms depend on the complete application and lender requirements, talk to our financing team about whether a joint application makes sense for your situation.
Consider Your Down Payment
Think about how much you can comfortably put down without stretching your budget. A larger down payment can reduce the amount you need to finance, although down-payment requirements vary based on the applicant and financing program. Consider both your upfront costs and anticipated monthly payment when deciding how much cash to put toward your motorcycle.
Prepare for Your Financing Application
Getting your information together ahead of time can make applying easier. A Harley-Davidson® financing application may request details such as your contact information, address, date of birth, Social Security number, income, and employer. Additional documentation, such as proof of income, may also be requested depending on the credit decision.
Start the Harley-Davidson® Financing Process in Boston, MA
When you’re ready to get started with financing, Boston Harley-Davidson® makes it easy. Complete our online application to begin the credit-review process. Once your application has been reviewed, our financing team can discuss available rates, terms, down-payment requirements, and the next steps toward purchasing your motorcycle.