Vernon Motorsports Credit Application FAQ
Q. What type of financing is available?
A. We work with most lending institutions as well as all of our Manufacturer's lenders in order to offer you the best rate available. By knowing each sources' own acceptance criteria, our in house consultant can increase your chances of acceptance. Why go anywhere else when you can benefit from all these advantages under one roof?
Q. How can I apply for a loan?
A. Financing is available right here through the Dealership. Just go find the unit you're looking for and fill in our online financing form. Lynn will get back to you right away.
- All of our financial institutions require a copy of your valid driver's license. The identification must show your legal and current physical address. If your identification does not show the physical address a utility bill or tax assessment showing the address will also be required.
- A void cheque from your personal account. This will be the account your payment will be made from. If you prefer to have your payment withdrawn from a savings account you must obtain a pre-authorized debit form from your financial institute. Payments cannot be made from a credit card line of credit or company account.
- Proof of annual income in the form of Letter of employment, your most recent pay stub showing year to date earnings. All self-employed individuals must provide your last notice of assessment.
- Proof of insurance for the newly purchased product may be required.
Q. How long does it take?
A. Automatic approvals are instantaneous.
Q. What type of equipment can I finance?
A. You can finance Yamaha, Honda or other manufacturers in these product groups:
Motorcycles, ATV's, Rhino's, Snowmobiles, Watercraft, Trailers
The decision to purchase a machine that suits your needs is the first step. To make you machine compatible with your riding profile, you may have to add additional equipment. If this is your first bike or a return to riding after many years, you will need to purchase protective clothing and equipment, footwear, and a safe and appropriate helmet.
It is also very important to evaluate which way you will choose to protect your investment, against theft, total loss, or a work stoppage caused by an illness.
We can finance the amount you need for these necessary items, typically for every $1000 in protective clothing or accessories, the payment will equate to only $20 per month!
Extended Warranty, Insurance, even prepaying your First Service, are items that we can offer financing on.
Q. Is there a penalty to pay out a loan early?
A. No. There are no penalties for early pay out and lump sum payments are accepted at any time.
Price does not include freight, PDI or taxes and is subject to change.