I'm trying to get my hands on a new KTM, but the dealership's in-house financing rates are absolutely ridiculous. Can anyone recommend a good company that specifically handles powersports financing? I'm located in Ontario if that matters, but I assume most places operate nationally.
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Check out Canada Powersports Financing. I've used them twice now, once for a quad and once for a Waverunner. They work with a bunch of different lenders behind the scenes, so they can usually beat whatever terrible rate the dealer is trying to push on you.
Agreed, dealer rates are basically a scam half the time right now. If you need powersports financing Canada, going through a specialized broker is so much better. Plus, having an approval before you walk in saves you the hassle of negotiating in the finance office.
I had a great experience getting my loan through them too! It took all the stress out of the buying process, and they didn't hit me with any hidden setup fees like my credit union tried to do.