How to Refinance a Yamaha

As part of larger promotional campaigns, Yamaha bikes are often offered at exceptionally low costs. But if you're a new Yamaha buyer, you should be aware that there's a small window in which to pay off the loan at the special promotional rate, usually in the form of a Yamaha card. Sometimes the interest rate jumps up by as much as 14 percent. The best thing to do is to get a fixed-rate loan from another lender, pay off the Yamaha-associated loan at the low rate with your new loan, and then pay off the new loan.

Instructions

1

Research government incentives for refinancing vehicles. There are often federal benefits to refinancing. Both grants or tax benefits are available.

2

Review your credit report. Mistakes on these reports may hamper your ability to refinance.

3

Consult with lending banks, credit unions and online lenders to find the best rate. Possible websites to start looking would include PersonalLoansMania.com, CashNetUSA.com and ELoan.com. You should properly verify any online lending institution with the Better Business Bureau.

4

Improve your credit score by settling debts or closing lines of credit. This can be extremely difficult and time-consuming but will shore up your negotiating power when refinancing.

5

Choose a personal lender and pay off the Yamaha-associated promotional loan.

6

Send in all of your payments five business days before they're due.