Get ready for the lectures about not financing a motorcyle.

 

All good advice regarding credit unions etc. Another thing to consider: new is cool, but have you looked at used sportster? They are a dime a dozen. Lots of low mileage 883s out there.

 

$1000 down may not be enough, you will be upside down on the loan before you make the first payment. 20% or a third down may be required.
And what about the 883? You can get a used Dyna for what the Sportster costs new.

 

Sorry to say it, but 630 is not really average, it's borderline poor.
85% on time also means that 15% are late- and usually late means 30 days past due. That is very likely a component of your low score.
Expect to get sub prime terms on any loan. Wouldn't surprise me that HD Financial would approve you, but likely with a pretty beefy interest rate.

None of my business, but borrowing for this purchase doesn't sound too good of an idea to me.

 

I am not a member of a credit union, although I have gone to one in the past and got denied for a bike way cheaper than the iron. I've done a lot of research on the Iron 883, and I'm not that experienced but have rode before. Everyone says it's a great beginner bike for someone new to riding. It looks great and can always upgrade to the stage 1 kit down the road to a 1200. It's affordable for me being under $10k.

 

My 15RK - I got 0.0 from MoCo
My 17 RGU and 17 HSTC I got 4.00%

A bike does not finance out the same way a car does... My bank where I have my morgage, 2 car loans and my business banking, they wanted 7.9 for a bike..

 

HD will probably approve you. They are known to be easy to get approved.

 

I believe you can get finance on a used bike at Harley too. You may be lucky to pick up a 1200cc Sportster for less than a new Iron.

 

I got just as good of a rate thru HD financial as anywhere else I looked. And they were super easy to work with. Same place I bought the bike
An interesting side note, I am paying well ahead of my scheduled payments, to save a few bucks interest. Anyway I find it interesting that each month they send me a statement for $0.00 due, but I always send the payment with extra principal anyway. Other loans I've paid ahead still require the regular payment each month, but not apparently HD Financial.

 

You will probably need more money down. They will finance you most likely with very very high interest rate. Your debt to income ratio will be a deciding factor