In the eyes of a lender, a low credit score (typically anything below 620-640) represents risk. To mitigate that risk, they charge more for the privilege of borrowing.
Lenders feel safer when they aren't financing 100% of an asset that depreciates the moment it leaves the lot. buying a motorcycle with bad credit
If you have a family member with strong credit, their signature can slash your interest rate. Just remember: if you don’t pay, their credit gets dragged down with yours. In the eyes of a lender, a low