WHY FINANCE WITH
CYCLE SPRINGS POWERSPORTS
At Cycle Springs Powersports, we are dedicated to helping our customers experience the fun and adventure that a quality watercraft or powersports vehicle can offer. We aim to help you find your dream ATV, motorcycle, side-by-side, or boat, providing opportunities for outdoor adventure and leisure. Located in Clearwater, FL, our finance department is here to assist you in setting up a financing plan that gets you out on the road and into the outdoors as soon as possible. We offer a comprehensive guide to financing, even for those with less-than-perfect credit scores.
The Cycle Springs Financing Advantage
Choosing to finance through Cycle Springs Powersports offers several advantages for your vehicle purchase:
Convenience
Our finance team provides a seamless experience, acting on your behalf to submit your information to various lenders to find the best rates and terms for you. You can streamline the entire purchase process in one visit, from test driving to loan approval and driving off in your new vehicle.
Access to Special Offers & Incentives
We can offer special deals that might not be available through other lenders, such as extended loan terms. For new vehicle financing, we may be able to provide incentives like cash back, lower interest rates, and trade assistance cash when using our subsidiary lenders. These incentives can lead to real savings for qualified buyers.
Expert Guidance
Our professional and friendly finance team is ready to answer all your questions and help you find the best financing option.
Potential Tax Advantages on Trade-ins
Trading in a vehicle at a dealership can potentially save you money on sales tax, as in many areas, you receive a sales tax credit on the price difference between your new vehicle and your trade.
Special Assistance for Challenging Credit Histories
At Cycle Springs Powersports, if your credit is less than perfect, no problem. We understand that situations like debt, divorce, foreclosure, or bankruptcy can impact credit scores, making financing seem challenging. However, we offer strategies and options to help you finance your ATV or boat even with poor credit.
We will help you evaluate your current credit situation, as understanding your credit score is crucial for gauging potential challenges, which allows us to assist you in overcoming obstacles.
We work with specialized lenders that focus on bad credit financing for recreational vehicles. Cycle Springs Powersports itself offers financing options for individuals with less-than-perfect credit.
We can help get you pre-approved for financing even if your credit isn’t perfect.
Secured loans, where the ATV, motorcycle, or boat itself serves as collateral, can reduce the lender’s risk and may make them more willing to approve your application, even with bad credit. However, it’s important to consider the consequences of defaulting, as it could lead to vehicle repossession.
While some bad credit financing options may not require a substantial down payment, putting down a larger sum can significantly enhance your approval chances and potentially lead to more favorable terms, also demonstrating your commitment to the loan.
Enlisting a co-signer with a stronger credit history can greatly improve your chances of securing financing, potentially leading to more favorable terms and interest rates, as the co-signer agrees to take responsibility for the loan if you cannot make payments.
We encourage focusing on making consistent, on-time payments after securing financing, as this improves your credit score over time. If your credit significantly improves, you may qualify for refinancing with more favorable terms and lower interest rates in the future.
Past bankruptcies or repossessions should not deter you from pursuing your dream vehicle. We approach the process with patience and a commitment to responsible financial management to help you secure the recreational vehicle you desire.
Lenders We Work With
Cycle Springs Powersports works with a variety of lenders to provide you with comprehensive financing solutions. Some of the lenders we partner with include:
Florida West Coast
Credit Union
Offers powersports financing with instant loan offers on over 25,000 new ATVs, side-by-sides, motorcycles, dirt bikes, snowmobiles, golf carts, and more. They welcome all credit scores, from subprime to prime, and offer prequalification with no impact on your credit score. Their prequalified offers are valid for 30 days.
Florida
Credit Union
Provides auto loans, including those for motorcycles, boats, and RVs, and offers auto loan refinancing. As a member-owned credit union, they aim to provide better rates.
Medallion
Bank
Specializes in point-of-sale consumer financing for purchases like RVs and boats, and they help dealers sell to a broader range of customers, including those with credit challenges.
Roadrunner
Financial
Offers powersports financing with instant loan offers on over 25,000 new ATVs, side-by-sides, motorcycles, dirt bikes, snowmobiles, golf carts, and more. They welcome all credit scores, from subprime to prime, and offer prequalification with no impact on your credit score. Their prequalified offers are valid for 30 days.
Sheffield
Financial
A trusted leader in providing simple, easy, and fast financing for powersports, marine, outdoor power equipment, and trailers. They offer fast online prequalification with no impact on your credit score, fixed interest rates, flexible loan terms, and no prepayment penalty. Sheffield Financial partners with leading equipment manufacturers to bring low promotional rate financing from top industry brands.
Synchrony
Bank
Provides various credit cards and financing solutions, including options for powersports purchases. They offer promotional APRs on select Polaris models.
