finance guru

As a general rule the most common place to get forestry equipment financing is your local dealership. Due to the recent recession however, most dealerships are losing their finance sources left and right. With the extinction of so many large investment banks, lines of credits have been drastically scaled back. You may now have to use alternative finance methods to get your forestry equipment loan.

I still believe the first place to find a finance source will be your dealership or supplier. If you are buying from a brand name dealer like Deere or CAT, then they should have no problem providing finance at good rates. If you are at a local dealership, you may get lucky and they will have in-house financing. If not, most dealerships have a list of finance companies for you to call or fill out an application. I believe it is best to call them first to make sure they are still offering finance for logging equipment.

Another great place to find finance sources is online. The internet has come along way in the last decade and you can now find information on anything from spec sheets to places to reviews of equipment. There are a few good companies that you can find simply by doing a Google search. The online sources are usually small to mid-sized finance houses with access to their own lines of credit. These companies have pretty good sources and can refer you elsewhere if they can’t get the deal financed themselves. The best thing about finance houses is that they can be a lot more flexible than the local dealerships and banks. If anything else you can compare their rates to your local bank.

Your local bank or credit union may help you get an equipment loan. This can be tough though as your credit union has no interest in repossessing a delimber if you can’t make the payments on it. It is why banks and credit unions shy away from giving loans. You may get lucky though and if you are in good standing with the bank, this would be the way to go. They are going to require a lot more paperwork than the other sources but it may pay off in a cheaper interest rate.

In conclusion, you have far more options now than you did 25 years ago for financing and leasing. Try to get at least 10% of the equipment price together before approaching any of the sources I mentioned. Most will require 20% if your credit is only fair. It also really helps to be a home owner of have some substantial assets to back your loan. This may seem like a tedious process but it is in your best interest to make sure you understand the loan as it is going to be one of your largest investments in life. The finance company has a vested interest in you as they want you to succeed in business so you can pay back your loan. Hopefully, this guide will help you find the right source for financing.

Make your dreams come true with Bad Credit Motorcycle Financing

They are much harder to get than a car loan. This is particularly true if you happen to be in a position where your credit is poor and traditional financing is unavailable to you. Rest assured there are finally options out there utilizing guaranteed motorcycle loans. You can finally secure the financing that you need to make the dream a reality if you are capable of doing just a little bit of research. All it takes is just a little bit of your time and you will be well on your way.

So you want to get yourself that motorcycle you have had your eye on for a while but do not happen to have the cash laying around to buy one up front, or the credit history to get motorcycle finance using conventional means. When it comes to motorcycle loans, having bad credit is something rough to deal with because while Buy Here Pay Here (BHPH) car lots are fairly common, it is much more difficult to find motorcycles, much less the exact one that you want at these types of car dealerships and even more difficult to get the financing through their in house financing without first already having a huge down payment.

Besides from the Buy Here Pay Here (BHPH) car dealerships you do not really have that many options available to you. The biggest problem is that most of these dealerships simply do not have any motorcycles and most motorcycle shops usually are not interested in doing in-house financing. However, rest assured there are indeed some other options for getting guaranteed motorcycle loans even with bad credit. The first thing that you are going to want to do is to know exactly what your credit score situation looks like before you decide to pursue financing.

Motorcycle Finance

When it comes to motorcycle financing, your credit score very well may not be the deciding factor for a loan approval. Things will likely depend a lot more on how recent your bad credit is. If you happen to be in a position where you have recent bad credit it is going to negatively impact your credit score more so than something that happened years ago. By recent, we are talking about anything outstanding that occurred within the past year. So the first thing you are going to want to do is check out your credit report and see if there is anything that you can clear up. Usually, if you have the cash in hand when calling any lenders that you owe money to, then you are going to have a great opportunity for getting the debt completely removed from your credit profile.

Another thing that is going to be taken into consideration by a bad credit motorcycle financing lender is going to be what your income situation looks like. Truth be told, when it comes to anything financial, even with motorcycle financing, bad credit is something that is going to appear to be more or less irrelevant if you happen to have a very large income. If you and your partner for example make $45,000 a year or more combined, then you are going to see that getting any type of financing is going to be easier regardless of your credit situation. This is due to you being seen as a much lower risk to the creditor since that can rest assure din the knowledge that you should be capable of making your monthly payments in a timely manner, particularly if you have enough finances to cover your existing bills already.