Motorbike Finance

jonuk7

Hi im looking to buy a Yamaha YZF R6, i have an 03 astra on finance and i have bad credit from when i turned 18 did all the stupid things getting loans credit cards etc... so i have quite a bad credit rating would you advise selling the car and paying it all off would stand me better to get HP on a bike or are the companies like yes car credit who guarentee you credit?
Cheers

saintjanet

If you have a bad credit rating,how did you manage to get credit for your astra?was it a very high Apr?

If not you would be better off using this company again providing your payments are up to date.this would mean paying your existing loan off or having the balance added to your new loan.

if you try to get a new loan as well as the one you now have you may find it difficult ,with our credit rating,also beware some of these firms that promise guaranteed loans charge very high interest rates.

good choice of bike by the way!!!

jonuk7

when i sorted the finance for the astra vauxhall put my details in their system and blackhorse cam back saying they would be happy to take me on ok not great the car was £7000 and all in all i pay back £10500, but ive had enough of it now and want to get back on a bike after writing off a gsx-r. ill give blackhorse a ring and see if they would add the bike finance onto my existing agreement then i could have best of both worlds lol.
Cheers