You guys know any finance companies that specialize in custom bikes?

In case my credit union won't loan me much on a bike that's 20 years old or the rates are just sky high, I'm curious if you guys know any finance companies that specialize in customs, hot rods, sports cars, stuff like that which I may have better luck with?
 

HMAN

I just like my Freedom
In case my credit union won't loan me much on a bike that's 20 years old or the rates are just sky high, I'm curious if you guys know any finance companies that specialize in customs, hot rods, sports cars, stuff like that which I may have better luck with?
I never had an issue with my CU. Depends on the price I suppose.Good luck.
 

Jersey Big Mike

100K mile club
Credit Union will almost always be the better bet.
Specialized loan companies for "customs" would likely require a ALOT of documentation about the bike, pictures, maintenance reciepts, formal evaluation of bikes value, etc. And their rate would likely be higher since it's a niche market and would be considered high risk. They could also easily ask for restrictions on mileage done each year etc.

If CU falls thru, the next best option is a home equity loan if you have enough value in the house.
 

pknowles

RETIRED
Credit Union will almost always be the better bet.
Specialized loan companies for "customs" would likely require a ALOT of documentation about the bike, pictures, maintenance reciepts, formal evaluation of bikes value, etc. And their rate would likely be higher since it's a niche market and would be considered high risk. They could also easily ask for restrictions on mileage done each year etc.

If CU falls thru, the next best option is a home equity loan if you have enough value in the house.
I would think really hard before putting a lean on my house for a toy. Just my opinion.
 

Jersey Big Mike

100K mile club
I would think really hard before putting a lean on my house for a toy. Just my opinion.
Not sure if I would but I'm just offering options. I do know guys that did the home equity thing, not specifically for the bike but when he figure out what they'd give him, he did the project that had to be done and bought a harley as well
 
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