I am looking into purchasing a new motorcycle and financing it through the dealership and am looking for some advice. Ideally i'd like to ride the bike home August 1st. I just settled my credit card debts so the only debts left over are about $10,000 in student loans one of which went to collections but i have been making regular payments for the past few months. The total cost of the bike will probably be $10,000 and I was planning on a $1500 downpayment so total loan for the bike will probably be around $8,500 and last month i made about $2,500 take home pay (mostly tips). I am 22 years old and live at my parent's house so i don't have rent. Will my student loans have a negative impact on getting this loan? Is there anything i can do within the month to improve my chances? Or do i even have a prayer? Can one offer to accept a higher APR to improve chances of getting the loan, and then just refinance it later, once my credit score is higher? Thanks in advance
kevin