Would you like to feel the exhilaration and freedom that only a dirt bike can provide? You don’t have to have the cash on hand to pay for a dirt bike in full to get all the benefits.
In our dirt bike finance Ontario guide, we’ll tell you how to finance a dirt bike and tips to keep in mind when searching for a finance company.
Your Dirt Bike Finance Ontario Guide
At All Pro Financing Company, we can help you finance almost any vehicle you own, including dirt bikes. While searching for a finance company, we think you’ll find that we’re one of the best finance companies in Canada, but here are some things to keep in mind while you’re searching.
1. Talk to Your Bank First
Talk to your bank to see if they will loan you any money for a dirt bike. Some banks will consider a dirt bike a risky luxury item and may not be as likely to loan you money for one. If this is the case, you can turn to a financing company.
2. Decide On a Budget
Before talking to a finance officer, you should know what you can afford to pay every month if you will be financing your dirt bike. This will prevent you from accepting a finance offer that you haven’t done the math on.
3. Read the Terms of the Agreement Carefully
Even if you choose to finance your new dirt bike, you’ll most likely still have to put a down payment down to secure a finance offer. You should also pay close attention to the rates of the offer, the monthly payment required, and the penalties if you have to extend your financing period.
4. Decide On a Loan Payment Period
It might seem easier to make smaller payments each month to afford your dirt bike, but this will result in you having a longer loan period. In the end, a longer loan period may end up costing you more than a short one in which the monthly payments are higher. You should ask what the final cost of your loan will be if you choose to finance it.
5. Ask About Protection Plans and Loan Repayment Insurance
You may have a high-paying job that allows you to make monthly payments on your dirt bike when you are searching for financing options. However, unexpected things happen, and if, for some reason, you are unable to make payments towards your dirt bike, you should make sure that you won’t be unnecessarily penalized.
6. Do Your Research
Based on your current credit score, you can likely find out what kind of financing options are available to you by browsing different financing companies. Before making any large purchases like a dirt bike, you should do plenty of research to avoid taking a bad financing offer.
Ready to Finance?
If you’re ready to finance your dirt bike today, contact All-Pro Financing Company to learn more about dirt bike finance Ontario and what your options are as a new dirt bike owner.