What interest rate can I expect?
Interest rates vary based on factors like your credit score, loan term, and the age of the vehicle or watercraft. People Driven Credit Union offers competitive rates to make financing accessible and affordable for our members. Call 248-263-4100 to speak...
Continue ReadingWhat types of watercraft can I finance?
You can finance a variety of recreational watercraft, including boats, jet skis, and wave runners. If it floats, People Driven Credit Union can probably finance...
Continue ReadingCan I pay off my motorcycle loan early?
People Driven Credit Union allows early payoff without penalties, but it’s important to check your loan agreement for any prepayment...
Continue ReadingIs motorcycle insurance required for a loan?
Yes, People Driven Credit Union requires full coverage insurance to protect the investment in the...
Continue ReadingWhat happens if I miss a payment?
Missing a payment can result in late fees, damage to your credit score, and potentially loan default. Contact your lender immediately if you anticipate difficulty making a...
Continue ReadingCan I finance a used motorcycle?
Yes, financing is available from People Driven Credit Union for both new and used motorcycles. Keep in mind that interest rates might be higher for used...
Continue ReadingDo I need a down payment for a motorcycle loan?
While not always required, a down payment can lower your monthly payments and the total amount of interest paid. Some lenders may require a down payment based on your credit...
Continue ReadingCan I get pre-approved for a motorcycle loan?
Yes, People Driven Credit Union offers pre-approval, which can give you a better idea of your budget and streamline the purchasing...
Continue ReadingWhat is the typical term length for a motorcycle loan?
At People Driven Credit Union, loan terms for motorcycles generally range from 12 to 180 months. Longer terms can lower monthly payments but may result in higher total interest...
Continue ReadingHow do I qualify for a motorcycle loan?
Qualification typically depends on your credit score, income, employment history, and debt-to-income ratio. People Driven Credit Union also considers the type and age of the...
Continue Reading- « Previous
- 1
- 2
- 3
- Next »
