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12 Apr 2005
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Registered Users
New on the HUBB
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Join Date: Apr 2005
Location: Los Angeles, CA
Posts: 1
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Used bike dealer/private financing
I'm about to pull the trigger on a bike thats on consignment with a BMW dealer. I have the option of buying from the owner or the dealer.
QUESTION: it seems that here in the US, financing a used bike is worse on the financing end b/c they charge higher interest. I assume it's b/c the bike is valued at less...
Does anyone know how to get a better rate via the dealer/bank/lender/credit union on a used bike??? Credit score aside...
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29 Apr 2005
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Contributing Member
Veteran HUBBer
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Join Date: Oct 2002
Location: montana usa
Posts: 547
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The best deals are from someone who really wants to sell their bike. I have worked in bike shops for many years and right now most of the manufacturers are offering low intrest rates to sell their new machines. If a shop sells a used bike they should be somewhat comitted to ensuring that the bike is serviceable and safe, this costs money which they recoup at the time of sale. Shop for financing just like you shop for a bike. Some credit unions will offer really low intrest rates but you have to have good credit. If you are buying a used bike that is expensive and has possible service issues be sure and pay a knowledgeable mechanic to check it out, someone who knows the machine in question. My best bike buys (out of 107 bikes owned over the years) have been either discovered in the back of the garage unridden for several years or almost new with a owner about to lose it for lack of money. But a large part of it is buy something that you enjoy riding and will enjoy riding in the future.
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Check the RAW segments; Grant, your HU host is on every month!
Episodes below to listen to while you, err, pretend to do something or other...
2020 Edition of Chris Scott's Adventure Motorcycling Handbook.
"Ultimate global guide for red-blooded bikers planning overseas exploration. Covers choice & preparation of best bike, shipping overseas, baggage design, riding techniques, travel health, visas, documentation, safety and useful addresses." Recommended. (Grant)

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What others say about HU...
"This site is the BIBLE for international bike travelers." Greg, Australia
"Thank you! The web site, The travels, The insight, The inspiration, Everything, just thanks." Colin, UK
"My friend and I are planning a trip from Singapore to England... We found (the HU) site invaluable as an aid to planning and have based a lot of our purchases (bikes, riding gear, etc.) on what we have learned from this site." Phil, Australia
"I for one always had an adventurous spirit, but you and Susan lit the fire for my trip and I'll be forever grateful for what you two do to inspire others to just do it." Brent, USA
"Your website is a mecca of valuable information and the (video) series is informative, entertaining, and inspiring!" Jennifer, Canada
"Your worldwide organisation and events are the Go To places to for all serious touring and aspiring touring bikers." Trevor, South Africa
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Lots more comments here!

Every book a diary
Every chapter a day
Every day a journey
Refreshingly honest and compelling tales: the hights and lows of a life on the road. Solo, unsupported, budget journeys of discovery.
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All 8 books available from the author or as eBooks and audio books
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New to Horizons Unlimited?
New to motorcycle travelling? New to the HU site? Confused? Too many options? It's really very simple - just 4 easy steps!
Horizons Unlimited was founded in 1997 by Grant and Susan Johnson following their journey around the world on a BMW R80G/S.
Read more about Grant & Susan's story
Membership - help keep us going!
Horizons Unlimited is not a big multi-national company, just two people who love motorcycle travel and have grown what started as a hobby in 1997 into a full time job (usually 8-10 hours per day and 7 days a week) and a labour of love. To keep it going and a roof over our heads, we run events all over the world with the help of volunteers; we sell inspirational and informative DVDs; we have a few selected advertisers; and we make a small amount from memberships.
You don't have to be a Member to come to an HU meeting, access the website, or ask questions on the HUBB. What you get for your membership contribution is our sincere gratitude, good karma and knowing that you're helping to keep the motorcycle travel dream alive. Contributing Members and Gold Members do get additional features on the HUBB. Here's a list of all the Member benefits on the HUBB.
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