Regardless of why you need a UTV and how you are going to use it, we all have to deal with the same question - how can I pay for it? More and more people are discovering the necessity and advantage to owning their own Intimidator UTV. Camping trips, deer camp, trail rides, on the job, farming and more, all can be done more easily and efficiently with a side-by-side. Getting a loan is often a necessary part of that journey.
1. Down Payment
The down payment is used directly against the price of the UTV, and therefore it will reduce the size of the loan. A down payment gives the financing company cash upfront so that if the borrower were to default early, the lender’s losses are reduced. Oftentimes, especially with a lower credit score/marginal credit, putting a down payment or even increasing a down payment amount may be the difference between being denied a loan and getting one. A down payment in the recreation industry is traditionally anywhere from 10% to 20%.
2. Trade In
Trade in is when you have a UTV/ATV you may be able to offer it to the dealership in exchange for credit toward the price of the vehicle you are purchasing. Buyers can offset their loan with down payments other than cash. If this is not your first recreation item, you can often trade in an older model for credit. If a dealer takes an item as a trade, then the value of the traded item is directly deducted from the purchase price of the new item.
3. Credit Score
Checking your credit score before you start your powersport or recreational vehicle search is paramount. Unlike mortgages or a credit card, you can usually get a loan for a vehicle even if you have bad credit. The catch is that you will end up paying more, a lot more. This is because it is much easier for a bank to repossess a vehicle if the loan is not paid than it is to repossess a house. Free services like TransUnion, Credit Karma, Mint.com, or Experian can help you understand your credit profile. Once you have this information, you can then figure out if you qualify for the best loan rates. This table will help you understand where you fall in the credit spectrum:
Our Intimidator Group has partnered with some of the most reputable financing companies in the U.S. to give you the options and flexibility to own the UTV of your dreams. Here are some options that are available for your consideration. (Note: Dealer participation varies. Please contact your Intimidator Dealer to get a more detailed quote and additional financing information)
-Offer is subject to credit approval. APR may differ. Documentation fees and financing buy-down fees may apply. No down payment required (with acceptable credit). Associated fees must be paid at closing. Contact your Intimidator UTV Dealer for more information.
UCC filing fee may be charged. Subject to credit approval. Approval, and any rates and terms provided, are based on creditworthiness. Other qualifications and restrictions may apply. Financing promotions void where prohibited. Offer subject to change without notice. Sheffield Financial is a division of Branch Banking and Trust Company. Member FDIC. Contact your Intimidator UTV Dealer for more information.
-Offer is subject to credit approval. APR may differ. Documentation fees and financing buy-down fees may apply. See below for full disclosure. No down payment required (with acceptable credit). Associated fees must be paid at closing. Contact your Intimidator UTV Dealer for more information.
Intimidator UTV doesn’t want anything to come between you and your next UTV. We offer world-class, American-made, side-by-side 4x4 vehicles with unparalleled strength, power, and performance at an affordable price.
Our company's expanding line of products includes the Intimidator Classic, Intimidator Crew Cab, Intimidator Truck Series, and the GC1K and GC1K Crew Cab, all built to suit a variety of needs. Let us know how we can seal the deal, and make your dream to own a UTV come true!