Kawasaki Announces New Financing Partner For "Credit Builders" (2024)

Kawasaki Announces New Agreement with Roadrunner Financial to Offer Financing for Credit Builders and First-Time Buyers

Foothill Ranch, Calif. –Kawasaki Motors Corp., U.S.A. is pleased to announce anew financing agreement with Roadrunner Financial to offer competitive near-prime loans to Credit Builders with 550-660+ FICO scores. Roadrunner delivers a revolutionary lender experience through digital applications with instant decisions, comprehensive credit coverage, and unbeatable dealer and customer support.

Kawasaki joins a group of Powersports and Outdoor Power Equipment partners that utilize Roadrunner Financial to bring great finance offers to their customers. The relationship with Kawasaki allows Roadrunner to offer an enhanced program with improved near-prime rates with no fees for dealers.

“Roadrunner Financial is a key addition for Kawasaki and our dealers” said Kawasaki Senior Vice President, Sales and Operations Bill Jenkins. “The focus on a near-prime credit program will offer dealers new opportunities for financing customers on Kawasaki powersports products.”

“Roadrunner will give Kawasaki dealers a new tool to close deals that would usually walk out the door.” When asked about the new financing agreement,Jon Vestal, VP of Salesat Roadrunner Financial said, “We’re very excited to strengthen our relationship with Kawasaki. By targeting near-prime, we plan to deliver significant incremental sales for Kawasaki in 2020 and beyond.”

This new Kawasaki program from Roadrunner Financial will be available to Kawasaki dealers starting March 1st, 2020.

About Roadrunner Financial:

Roadrunner Financial offers financing for customers across the entire credit spectrum. Roadrunner’s credit program suite includes ‘Roadrunner Prime’, ‘Roadrunner Credit Builder’ for customers down to 550 FICO, a first-time buyer program, ‘Roadrunner Lease’, and a pre-owned vehicle program.

Founded in 2016 and based in New York, Roadrunner helps dealers finance more customers by taking the traditional hassles of lending and replacing them with one seamless process that can take as little as a few minutes. Roadrunner’s unique financing experience offers instant decisions, electronic contracting, and financing for more than 10,000 vehicles across 40+ Powersports & Outdoor Power Equipment (OPE) OEMs. For more information, please visitwww.roadrunnerfinancial.com.

ABOUT KAWASAKI

Kawasaki Heavy Industries, Ltd. (KHI) started full-scale production of motorcycles over a half century ago. The first Kawasaki motorcycle engine was designed based on technical know-how garnered from the development and production of aircraft engines, and Kawasaki’s entry into the motorcycle industry was driven by the company’s constant effort to develop new technologies. Numerous new Kawasaki models introduced over the years have helped shape the market, and in the process have created enduring legends based on their unique engineering, power, design and riding pleasure. In the future, Kawasaki’s commitment to maintaining and furthering these strengths will surely give birth to new legends.

Kawasaki Motors Corp., U.S.A. (KMC) markets and distributes Kawasaki motorcycles, ATVs, side x sides, and Jet Ski®watercraft through a network of almost 1,100 independent retailers, with close to an additional 7,400 retailers specializing in general purpose engines. KMC and its affiliates employ nearly 3,100 people in the United States, with approximately 250 of them located at KMC’s Foothill Ranch, California headquarters.

Kawasaki’s tagline, “Let the good times roll.®”, is recognized worldwide. The Kawasaki brand is synonymous with powerful, stylish and category-leading vehicles. Information about Kawasaki’s complete line of powersports products and Kawasaki affiliates can be found on the Internet atwww.kawasaki.com.

Kawasaki Announces New Financing Partner For "Credit Builders" (2024)

FAQs

Kawasaki Announces New Financing Partner For "Credit Builders"? ›

Kawasaki Announces New Agreement with Roadrunner Financial to Offer Financing for Credit Builders and First-Time Buyers. Kawasaki Motors Corp., U.S.A. is pleased to announce a new financing agreement with Roadrunner Financial to offer competitive near-prime loans to Credit Builders with 550-660+ FICO scores.

Does financing a new motorcycle build credit? ›

However, if you make your payments on time, a motorcycle loan can help you build your credit over the long run.

What credit score do you need to buy a new motorcycle? ›

Check your report over for any unusual activity that you do not recognize. If you notice any inaccuracies, report them to the credit agencies. Fixing errors on your report can result in a boost of your credit score. Most lenders require a credit score of 620 in order to get motorcycle financing.

Is Kawasaki still in business? ›

Kawasaki is a multi-national corporation with more than fifty holdings (manufacturing plants, distributions centres, and marketing and sales headquarters) in most major cities around the world.

Can I finance a motorcycle with a 500 credit score? ›

What credit score is needed to buy a motorcycle? There's no minimum credit score required to get a motorcycle loan — but the better your credit score, the lower the APR you will qualify for with less interest paid over the life of the loan.

What is a good APR for a motorcycle? ›

Motorcycle Payment and Affordability Calculator Help
FICO ScoreAPR
700-7593.664 %
680-6993.841 %
660-6794.055 %
640-6594.485 %
2 more rows

Who has the easiest motorcycle financing? ›

Avant
CompanyForbes Advisor RatingMinimum credit score
SoFi®4.0650
LightStream4.0660
LendingPoint4.0600
Upgrade3.5
May 31, 2024

What is a good down payment for a motorcycle? ›

A good rule of thumb is to put a 10-20 percent down payment on a motorcycle. That gets you in a good, equitable position. If you have bad credit, putting more down can make you a better risk for lenders. It usually depends on credit criteria, but more people put 10 percent down than do double that.

Can I get a motorcycle with a 620 credit score? ›

Most lenders need a credit score of 620 or above in order to get motorcycle financing. However, you can still find a lender to work with you if your score is below 620 but note that it could mean a higher interest rate. A credit score of 720 and above would help you get the lowest interest rate.

Is it wise to finance a motorcycle? ›

Taking out a loan can be a good option when you need to secure transportation and don't have the luxury of waiting to save money. Financing will allow you to buy a bike now and repay what you borrowed over time. Build your credit. Like an auto loan, repaying a used-motorcycle loan can also help you build your credit.

How much should I put down on a motorcycle if I have bad credit? ›

A good rule of thumb is to put a 10-20 percent down payment on a motorcycle. That gets you in a good, equitable position. If you have bad credit, putting more down can make you a better risk for lenders. It usually depends on credit criteria, but more people put 10 percent down than do double that.

Does financing a vehicle build credit? ›

The good news is financing a car will build credit. As you make on-time loan payments, an auto loan will improve your credit score.

What is the credit score for bike loan? ›

The minimum CIBIL score for bike loan should be above 750. A range above 750 is usually considered an excellent score and is enough to get you approval for a two-wheeler loan. A bike loan is generally a secured debt and is subject to approval if your CIBIL score lies between 650 to 700.

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