motorcycle finance

mojiasgari · 20 October 2018 at 10:17AM

hi im trying to get finance for a £4000 motorcycle.

my score on experian is 620, its been 34 months since insolvency and i've been up to date with everything since then, will i be rejected by Honda finance?

also what are my chances of getting a personal loan around 5000

[Deleted User] · 20 October 2018 at 10:28AM

Ignore the score. The recent insolvency will be the problem.

Bike finance is easier to obtain as it's secured but you won't know until you apply.

mojiasgari · 20 October 2018 at 10:39AM

thanks for the reply!
I've also had one bike previously with honda finance although i missed a lot of payments but it was all paid off about a year ago, will this change anything?

robber2 · 20 October 2018 at 11:39AM

Well it certainly won't do anything for your chances of success with Honda.

iolanthe07 · 20 October 2018 at 2:27PM

although i missed a lot of payments

Missing payments may well have caused a black mark against you, even if you did pay up in the end. Having to chase up borrowers who don't pay back on time and in full causes a lot of extra admin expense that lenders could well do without.

MEM62 · 22 October 2018 at 12:14PM

Insolvency that was fairly recent and a history of missed payments with this particular lender. I think a loan from Honda finance is unlikely.

motorcycle finance

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