What to Expect When Financing a Vehicle | Hendersonville NC | Near Asheville & Western NC

Buying a new powersport vehicle can be exciting. You're probably imagining all the fun you'll have off-roading in your ATV, cruising on your motorcycle or making waves in your watercraft. But there can be confusing details to work through when it comes to financing.

To help you, we've created this list of what to expect when financing a powersport vehicle. It's best to learn as much as you can in advance. That way you don't need to stress about all that paperwork and those financial agreements.

What to do beforehand.


Before financing your new powersports vehicle, you should find out the status of your credit score. Having a better credit score improves your chances of qualifying for a lower interest rate.

It's important to do your homework on what sort of interest rates to aim for. When negotiating, it can be helpful to know what interest rates other institutions are offering. Getting pre-approved can save you time when purchasing a vehicle.

You also need to determine how much you can afford. Keep your credit score in mind when settling on your budget.

What you need to bring with you.


1. Proof of income

You'll need to bring copies of your pay stubs from last month as well as what you've been paid to-date the past year.

2. Credit and banking history

Your credit and banking history includes any other outstanding loans or financial obligations you have, as well as how you've fared in the past financially. These could be mortgage or lease agreements, alimony or child support payments, credit card statements or bank statements.

3. Proof of residence

Your mortgage statement or personalized mail is usually enough for proof of residence.

4. Proof of insurance

Make sure to provide your lender with proof that your insurance company knows about your newly purchased vehicle and that it's properly insured.

You'll also need to bring proof of your loan if you aren't financing with the dealership.

Know what determines the loan terms.


A typical powersports vehicle loan lasts between three to five years. Your lender will ask questions about your income and run a credit check. Your interest rate depends on how secure the lender thinks your finances are. If you have high income, good standing with your insurer, manageable debt and a better credit score, you'll probably qualify for a lower interest rate. If not, you can plan what your monthly payments will be with a higher interest rate and try to make it as manageable as you can.

If you’d like to purchase a vehicle or want to know more about how to finance in Hendersonville, NC drop by Dal-Kawa HPS at 312 Kanuga Rd, Hendersonville, NC 28739 for a test-drive. We look forward to serving our customers from Asheville and Western North Carolina!