Just as Brazilians love cars, motorcycles are also a great passion for the people. That's why we always receive questions like: is it possible to... financing From motorcycle to motorcycle, even if you have a negative credit history? And to the surprise of many, the answer is: yes, it's possible. 

However, making a purchase always becomes more complicated when the person has a negative credit history. 

This is because dealerships, banks, and finance companies are afraid that the customer will not be able to pay for the newly purchased motorcycle. 

Before we continue with today's article on how to finance a motorcycle with a negative credit history, it's important to know that while it's possible, the task is a bit more difficult. 

This happens simply because all financial institutions consult credit bureaus before approving financing. 

The main purpose of this measure is to check if the person interested in buying the motorcycle has any outstanding debts with Serasa or SPC, for example. 

Generally speaking, when there are any outstanding issues with these agencies, it becomes more difficult to buy your motorcycle. 

However, there are some alternatives to getting motorcycle financing even with a negative credit history, and that's what we'll be discussing in today's article.

If you have a negative credit history and want to finance a motorcycle, reading today's article is more than mandatory! 

Shall we check it out?

There are a number of reasons and situations that can lead to a person having a negative credit history with credit institutions. 

And this ends up being one of the main obstacles to realizing dreams that require some type of financing, such as buying a car, motorcycles Or houses, for example. 

However, it must be said that although this is indeed a difficulty, it is not an insurmountable obstacle. 

If you're truly determined to get motorcycle financing despite having a negative credit history, relax, because today we're going to help you. 

Check out the methods that actually work and allow you to get motorcycle financing even if you have a negative credit history. 

This is undoubtedly one of the best ways to get motorcycle financing even if you have a negative credit history, although it can be a bit difficult. 

That's because choosing a third party to finance your motorcycle requires them to be someone you trust. 

Furthermore, the person needs to agree to this type of deal, which may not always be the case. 

It's important to mention here that until you finish paying off the motorcycle loan, it will remain registered in the name of the third party who agreed to do business with you.

Although it is a possible option, care must be taken when conducting this type of business. 

Ideally, a relative, spouse, children, or even a close friend should be chosen for this type of transaction, since it's essentially a loan of their name. 

An important tip here to prevent the deal from falling apart is to have a purchase and sale agreement registered at a notary's office. 

In the contract, it's important to make it clear that you are buying the motorcycle and that it will be transferred to your name as soon as you finish paying off the financing. 

Seeking out smaller, lesser-known financial institutions to obtain motorcycle financing for those with a negative credit history is another effective method. 

If you have a good, fixed, and stable income, it's possible, and in that case, the chances are very high, that you'll be able to finance your motorcycle through a smaller financial institution. 

But for this move to work, the motorcycle payments must represent less than 30% of your entire gross monthly income!

However, we need to warn you about something very important:

There's a good chance you'll have to persist and search through several financial institutions before finding one that will agree to finance your motorcycle. 

Typically, it's the smaller, well-known companies that are likely to accept your funding. 

But that will only happen if you can prove that you are actually able to pay all the installments. 

Remember, your income needs to be considered good and stable, and the installment amounts cannot exceed 30% of your budget.

As we mentioned, it's possible, but a bit more difficult. 

Using a CNPJ (Brazilian company tax ID) instead of a CPF (Brazilian individual tax ID) is a more than functional way to obtain motorcycle financing even if you have a negative credit history. 

If you own a business, even if it's a micro-entrepreneur (MEI), it's a great option to buy the motorcycle using the company's tax ID (CNPJ) instead of your personal tax ID (CPF). 

However, it is important to emphasize that the financing will only be approved and the purchase will only be possible if your company has no outstanding issues with the Internal Revenue Service. 

For this type of situation, you can purchase the motorcycle as company property, and since you own it, you can use the vehicle however you prefer. 

Saving money and making a substantial down payment is another way to get motorcycle financing approved even for those with a negative credit history. 

One of the main reasons why banks and financial institutions are wary of selling to people with negative credit histories is the fact that they have a history of not honoring their debts. 

But there is a way to change this distrust: 

Featuring a beautiful entrance! When that happens, the scenery changes dramatically, from night to day!

This happens because the institution will realize that you are willing to enter into this negotiation, and they will have the guarantee that they will not be left without payment. 

Therefore, it's advisable to save money until you have a good amount that can be viewed favorably as a good down payment to secure your motorcycle. 

Ideally, you should be able to put down at least 30% to 50% of the value of the motorcycle you want to buy. 

If you feel it's necessary, you can also seek help from a finance expert, or from close friends who are experienced in this type of negotiation, or even speak with your bank manager. 

It's always good to talk to someone you know to feel more secure and thus inspire confidence in the lender. 

Everything we've just shown you are great options for getting motorcycle financing approved even if you have a negative credit history. 

But of all the options we've shown you, the best one, without a doubt, is to clear your name before trying to buy your motorcycle. 

That's because with a clean credit history, it will always be easier to get financing with excellent terms. 

Therefore, trying to renegotiate the debt that caused your name to be tarnished is a great option to get a green light from the finance company. 

Trying to reach an agreement with the lender so that the payment fits within your budget is a great way to pave the way for loan approval. 

Furthermore, it's possible to wait for the debt to expire, which can take five years, or even contest it in court; it takes time, but it works. 

Having a clean record is the desire of many people, since it helps in a number of factors and situations in daily life. 

Having no debt of any kind is currently the best way to be able to buy your motorcycle, house, and also to access services and products, such as opening lines of credit at banks and other credit institutions. 

If you're looking to finance a motorcycle but still need a clean credit history to complete the legal and bureaucratic process, the steps to clear your name are simple.

A classic example of how to clear your name is through the Procon website. 

If you are interested in clearing your name to buy your motorcycle, going to the Procon (consumer protection agency) center with your CPF (Brazilian individual taxpayer registration number) and RG (Brazilian national identity card) numbers in hand to request the start of the process of clearing your name is the initial step. 

Furthermore, it is possible to request a consultation through a power of attorney or use certain websites to find out if your name is included in the negative registry and request debt renegotiation. 

It's simple, fast, and functional, and it helps you get your motorcycle financing approved. 

Now that you've learned the different ways to get motorcycle financing even if you have a negative credit history, don't waste another minute. 

Put into practice the measure you liked best and fulfill your dream of owning a new motorcycle, even with a negative credit history! 

Furthermore, another way to buy a motorcycle even with the bad credit It is done through auctions. 

Due to the negative reputations and high prices, many people have been looking to buy vehicles at auction. 

To help you get your motorcycle, we've written an article with the best options.motorcycle options what you should look for in an auction. 

Interested? Want to know more? Then click below!