get a bike on finace no garentor

sbm251 · Two Stroke Sniffer Joined: 17 Apr 2005 Karma :

im under 21
im 19 nearly 20 is there and finace company i can go with im after a 04 bike cbr600 or zx6r
i earn £730 a month have £380 to myself spare.
went to the bank for a loan. They will only lend me £1000 they say i dont earn enough money a month for £2250 when i tryed for a loan over 2 years.
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sbm

NSR Mick · World Chat Champion Joined: 26 Jun 2005 Karma :

sbm251 · Two Stroke Sniffer Joined: 17 Apr 2005 Karma :

the lady at hsbc said thats the max they will loan me did not understand why
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sbm

UrbanRacer · World Chat Champion Joined: 26 Jul 2005 Karma :

how long you been working for? how long have you been with the bank?

sbm251 · Two Stroke Sniffer Joined: 17 Apr 2005 Karma :

5 months workin but have worked at a sports shop before for 18 months and been with the bank 4 years
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sbm

NSR Mick · World Chat Champion Joined: 26 Jun 2005 Karma :

Dont mean to sound harsh but you cant allways have what you want.

How badly do you want it? You could go to a firm that will give loans to anyone but be prepared to give up a bollock and your 1st born in interest.

You could also save up if you've got as much spare as you say.

Or buy a bike for a grand whilst saving up. Thumbs Up

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If you dont like the way that I ride.......Stop trying to keep up!!!

sbm251 · Two Stroke Sniffer Joined: 17 Apr 2005 Karma :

thts what my gf said lol what loan companys are there that are high interest rates
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sbm

NSR Mick · World Chat Champion Joined: 26 Jun 2005 Karma :

I wouldnt to be honest It would end up you costing a fortune.

I'd buy something a little cheaper until you've saved enough.
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If you dont like the way that I ride.......Stop trying to keep up!!!

sbm251 · Two Stroke Sniffer Joined: 17 Apr 2005 Karma :

ok thanks

gsxrmick

what bike would you reconmend sports
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sbm

NSR Mick · World Chat Champion Joined: 26 Jun 2005 Karma :

How old are you, and are you on a restricted licence?
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If you dont like the way that I ride.......Stop trying to keep up!!!

Ste · Not Work Safe Joined: 01 Sep 2002 Karma :

Have a look over the loan listed on www.moneysupermarket.com as there are hundreds if not thousands of options other than your bank. Thumbs Up

NSR Mick · World Chat Champion Joined: 26 Jun 2005 Karma :

Still going to be hard for a 19 year old with no credit history.
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If you dont like the way that I ride.......Stop trying to keep up!!!

owdamer · World Chat Champion Joined: 06 Oct 2004 Karma :

If he saves the £380 a month he'll have the cash in 6 months.

iooi · Super Spammer Joined: 14 Jan 2007 Karma :

bazza · World Chat Champion Joined: 27 Aug 2004 Karma :

sbm251 · Two Stroke Sniffer Joined: 17 Apr 2005 Karma :

hi every one that has helped.
Im saving with a credit union what you save they double and the interest is 12.9% which is very good its for people with low income.

And sorry dint answer before have full bike license have been restricted for 2 years done my time.
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sbm

st3v3 · Super Spammer Joined: 16 Oct 2006 Karma :

chris-red · Have you considered a TDM? Joined: 21 Sep 2005 Karma :

If you are good with money get a credit card, as long as you are putting the money into it it is fine. Ordered a Tesco CC on line it was in my hand ready to spend a week later with a 3k limit. As long as you put the money in you wont pay too much interest especially if you get one that is interest free for a year.
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Zen Dog · World Chat Champion Joined: 11 Aug 2004 Karma :

Kwaks · I'm not a fast rider Joined: 28 Jan 2006 Karma :

chris-red · Have you considered a TDM? Joined: 21 Sep 2005 Karma :

faddius · Traffic Copper Joined: 16 Jun 2007 Karma :

£380 a month disposable income, presumably without running costs, any monthly payments, maintenance, equipment etc. etc.

Theyre going to view that as very very very little in terms of paying back a loan.

I used to be on £1100 a month, after bills etc. I was left with nearly £700 to spend on what ever the hell I wanted as I was living at home and didnt pay rent at the time (dad never quite realised how much I got a month), wanted new bike like yourself, found one, went to bank and they refused me a loan of £2000 over 2 years - despite the fact that the payments were about £130 a month I think.

So I had a bit of a huffy at them, got them in trouble (claimed their computer crashed and put my application through 5 times - forced them to send a letter to experian to have those searches removed from my credit profile as itd destroy any chance of credit for over a year), buggered off and saved the money.

Lesson of the day?
Kebabs and chili sauce is good.
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Riding since OCT '05 - Sym Jet 50cc, Honda Varadero 125cc, Suzuki GS500, Honda VFR750, SV650s current & in posession of Aprilia RS125, Honda NS125R