How to Finance 250cc Scooters

Offering an impressive gas mileage average of 70 to 80 mpg, 250cc scooters are commonly known as mopeds. If you're looking for ways to cut your gasoline bill, a 250cc scooter can help. Mopeds are street legal and can be driven on just about any road. Scooter prices vary widely depending on the model.

Instructions

1

Apply for financing through your scooter dealer, if you are buying from a shop that offers financing. Some dealers that specialize in a specific scooter brand are able to offer company financing. Other scooter shops might have joined with local finance companies to offer customer financing. Typically you need proof of income and good to excellent credit. Specific credit requirements vary by financing company.

2

Visit your bank or credit union to inquire about getting a personal loan to cover the scooter purchase. Credit requirements for a personal loan to buy a scooter vary by financial institution. Typically you need proof of income and good to excellent credit. Your bank might have a minimum amount that you have to finance, which may be more than the cost of the scooter. Alternatively, you could take out a home equity line of credit, if you own your own home, to use to finance the scooter purchase.

3

Use a credit card to cover the 250cc scooter purchase. If you have no other alternatives, you can use a credit card that has enough available credit to cover the purchase. This allows you to take immediate delivery of the scooter while still being able to make monthly payments on the purchase. Before using a credit card, check the interest rate to see what rate you will be paying because you might have another card with a better rate.