Go Back   ATVConnection.com ATV Enthusiast Community » Brand Discussions Area » Polaris
Sign in using an external account
Register Forgot Password?
Register ATV Photos FAQ Members Calendar Search Today's Posts Mark Forums Read GarageVendors
Search
Welcome to ATVConnection.com ATV Enthusiast Community

Reply Share this with your friends
  #1 (permalink)  
Old 08-29-2005, 02:10 AM
Weekend Warrior
Garage is empty, add now
 
Join Date: Aug 2005
Posts: 4
Default Buying a polaris atv with there financing, how hard is it?

Im going to look into getting a predator tuesday, and was just curiouse how hard it is to get financing? do you think if i only have decent credit rating it would be easier to get a 4k$ persoanl loan and buy a used bike? I can get a cosigner, im 19 and bring about 12000 after taxes a year home.

what do you all think?
wade
Reply With Quote
  #2 (permalink)  
Old 08-29-2005, 02:13 AM
Webopper's Avatar
Extreme Pro Rider
Garage is empty, add now
 
Join Date: Jul 2005
Posts: 3,751
Send a message via AIM to Webopper
Default Buying a polaris atv with there financing, how hard is it?

I would give it a try at the dealer if you think you can get it paid off in a couple of years. that interest will kill ya if you don't. Anyway, try that and the worst thing they can do is tell you no...they didn't even run my credit when I got mine...
Reply With Quote
  #3 (permalink)  
Old 08-29-2005, 02:27 AM
Weekend Warrior
Garage is empty, add now
 
Join Date: Aug 2005
Posts: 4
Default Buying a polaris atv with there financing, how hard is it?

So you got your loan and they didnt run your credit?

pretty sweet i guess, Im going to try to get it tuesday when they open.

wade
Reply With Quote
  #4 (permalink)  
Old 08-29-2005, 05:25 AM
Range Rover
Garage is empty, add now
 
Join Date: Jan 2005
Posts: 124
Default Buying a polaris atv with there financing, how hard is it?

They apporved me the day that I turned 18 without a co-signer. It only took about 2 minutes to run the credit check. What I did is I got their 2 year with the lower payments and lower interest. If I don't have it paid in the 2 years the interest goes up, but I figure if I don't have it paid for I could always go get another loan from my bank to pay off Polaris.

TY
Reply With Quote
  #5 (permalink)  
Old 08-29-2005, 07:31 AM
Pro Rider
Garage is empty, add now
 
Join Date: Apr 2000
Posts: 1,733
Default Buying a polaris atv with there financing, how hard is it?

At the beginning of this year they told me I needed a cosigner because I didn't have credit long enough. But just last weekend I was approved through Polaris. I'll be 20 in a month.

If you don't have a long enough credit history they might not let you do it alone, but as long as your cosigner has good credit then you're all set.

Okay, call me stupid, but the Polaris 6.9% APR is the interest yearly right? So, at the end of each year they add 6.9% interest to my remaining balance, correct?
Reply With Quote
  #6 (permalink)  
Old 08-29-2005, 04:58 PM
Pro Rider
Garage is empty, add now
 
Join Date: Jun 2005
Posts: 298
Default Buying a polaris atv with there financing, how hard is it?

Interest is calculated monthly based on simple interest. At 6.9% basically, you take .575% times the balance and you will pay that amount in interest first and then the rest goes to principle.
Reply With Quote
  #7 (permalink)  
Old 08-29-2005, 05:54 PM
Pro Rider
Garage is empty, add now
 
Join Date: Feb 2004
Posts: 1,858
Default Buying a polaris atv with there financing, how hard is it?

i had a ruff time with financing at first,i had no credit,neither bad or good and i went to finance my scrambler just so i could build up some credit.they wouldnt give me a loan without a co-signer,i didnt wanna ask anybody to co-sign so i just went to the bank and got cash and paid that way..a hour after paying cash the dealer called me up telling me to bring all my pay stubs up because he thinks he found a bank to finance me and they wanted me to prove my income.i was self employed at the time and 5 weeks in a row i had stubs showing that i made over $10,000 a week and all the others were atleast $2500 a week,once the lady at the bank seen what i was making she approved my loan right away and the dealer gave me my cash back..the few weeks later i went and financed a $8000 snowmobile without any trouble at all..
Reply With Quote
  #8 (permalink)  
Old 08-29-2005, 06:23 PM
Pro Rider
Garage is empty, add now
 
Join Date: Jan 2005
Posts: 510
Default Buying a polaris atv with there financing, how hard is it?

wimpywade, if you have a high enough credit score you should be able to get better than 6.9% at a bank. Webopper, um sorry...the polaris financing is nothing more than a credit card...so I'm pretty sure you wouldn't get it without a credit check!
Reply With Quote
  #9 (permalink)  
Old 08-29-2005, 09:36 PM
Weekend Warrior
Garage is empty, add now
 
Join Date: Aug 2005
Posts: 4
Default Buying a polaris atv with there financing, how hard is it?

Well, Im not sure what credit I have right now, but considering ive never financed anything the only credit i would have is from a student credit card in my name, then I dont think that I have enough to get it from the bank.

My main concern is right now, that if I need a cosigner, my mother is the only one that would do it, but due to a motorcycle wreck last october my parents filed for bankruptcy.

anyone know if that will screw me in the end?

wade
Reply With Quote
  #10 (permalink)  
Old 08-30-2005, 12:30 AM
Webopper's Avatar
Extreme Pro Rider
Garage is empty, add now
 
Join Date: Jul 2005
Posts: 3,751
Send a message via AIM to Webopper
Default Buying a polaris atv with there financing, how hard is it?

Quote:
Originally posted by: jayri
Webopper, um sorry...the polaris financing is nothing more than a credit card...so I'm pretty sure you wouldn't get it without a credit check!
Do you have any idea how many pre-approved credit cards I get in the mail everyday...without doing a credit check??? I still had to do the paperwork at the dealer for how much money i make, and what kind of bills I have, but they never put it through any of the credit bureau's. Because it's a credit card means absolutely nothing. Now, I will tell you that I'm also not 20-something with a realitively short credit history, so that may of also gone into it. It shouldn't, but maybe it did.
Reply With Quote
Old 08-30-2005, 12:30 AM
Reply Share this with your friends

Tags
approved, atv, bureau, cosigning, credit, dealer, finacing, financed, financing, hard, loan, make, money, polaris, pre, score, use



Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On