Can motorcycles be purchased with installment loans?
1 Answers
Motorcycles can be purchased with installment loans. Here are the common methods: 1. Credit card installment payment. 2. Apply for installment payment at a motorcycle dealership. 3. Seek small credit companies, but this method carries high risks and high interest rates, so it is not recommended. More details: 1. Credit card installment payment: Bring your income proof and ID card to the bank to apply for a credit card. After obtaining the credit card, go to the motorcycle shop to pay in full with the card, and you can drive the motorcycle away. Then call the bank's service hotline to apply for installment repayment, and deposit money into the card monthly to repay. 2. Apply for installment payment at a motorcycle dealership: Sign a vehicle purchase contract at the motorcycle shop and pay a deposit, then go to the bank to complete the loan procedures. After paying the down payment, you can pick up the motorcycle. Subsequently, you only need to make regular repayments (principal + interest).