The credit score needed to buy a Harley-Davidson motorcycle can vary depending on the specific financing options offered by the dealership or lender. Generally, Harley-Davidson dealerships work with various lenders who may have different credit score requirements.
In many cases, lenders prefer borrowers to have a credit score in the “good” to “excellent” range, which typically starts around 670 and above. However, some lenders may consider applicants with credit scores in the “fair” range, which usually starts around 580 and above, but they may offer less favorable financing terms.
It’s important to note that your credit score is just one factor that lenders consider when evaluating your loan application. Other factors, such as your income, debt-to-income ratio, down payment, and credit history, also play a role in the approval process and the terms of the loan.
If you’re considering purchasing a Harley-Davidson motorcycle, it’s a good idea to check your credit score and review your credit report to ensure its accuracy. This way, you can have a better understanding of your creditworthiness before applying for financing. Additionally, shopping around and comparing loan offers from different lenders can help you find the best financing option that suits your financial situation.
Remember that each lender may have different credit requirements, so it’s possible to find financing even with a credit score that may not be considered “excellent.” However, having a higher credit score generally opens up more favorable financing options and terms.
