Auto loans can be used for purchasing motorcycles, and the terms of our auto loans will be applicable in this scenario.
When utilizing an auto loan for a motorcycle purchase, there are specific conditions that need to be met:
- IRC's Center for Economic Opportunity will hold the lien on the title of the motorcycle until the loan is completely paid off.
- The price of the motorcycle should fall within the market value to ensure it aligns with the loan amount.
- The motorcycle must not have a salvage or rebuilt title, as these can impact the loan approval.
- There should be no existing lien on the motorcycle.
When applying for an auto loan to purchase a motorcycle, it is essential to adhere to these conditions to ensure a smooth transaction and loan approval process. For more information, please visit our CEO's "Good Deal" Auto Purchase Standards.
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