Question about Yamaha Credit

Yama49601

Yama49601

Member
Joined
Jan 5, 2006
Messages
896
Age
52
Location
Cadillac, Michigan
Can someone please tell me how this Yamaha credit works? If you get approved for say $7,000 or something can it be used to buy anything the dealer sells? Even a used snowmobile? I tried to find more information on their site but I couldn't anything. I'm asking because I was thinking about buying a new snowmobile but didn't get approved for enough. So I'm trying to find out if I can still use the Yamaha credit to buy something used that they have.

Thanks a lot for the help.
 
It depends. If you were approved for a Yamaha revolving credit you can use it for any purchases. If you were approved for a loan thru Yamaha credit for a specific machine than it will only be good for that machine. Ask your dealer...he will know what he can sell you.

Tom
 
I think it must have been for the loan then because it was $79 a month payments with zero down.

Can you apply for their revolving credit online?
 
when i got the yamaha credit card i bought my first srx & all the gear.& it didnt take notime to run that 10,000 limit up. just cant get enough
 
i think yamaha credit is a joke. your far much better off to get financing through your local credit union or bank. ive been turned down 3 times by yamaha credit. each time i was approved shortly after by my bank. they make no sense to me.
 
Yamaha credit is usually a revolving line of credit with a program tied to it, ie. zero down zero payments for 6 months etc. and is usually different for different machines. Snowmobiles may have a different program than say a Rhino would. It's a good way to buy a machine for nothing down and low payments - I bought my viper with no down and $39/mo for 2 years and then I will just pay it off. It looks like they use credit scoring along with income guidelines to qualify. A dealer can send for approval in a matter of minutes. If you do get it, don't miss a payment, cause then you fall out of the program and it turns into a credit card.
 
Take a look at that intrest rate on that yamaha card.... it will scare you away....

I got a loan from my credit union and used my sleds as collateral, they were doing a snowmobile season special... 3% intrest. I borrowed as much as they would allow against the two sleds and payed off my car note....

Shop around!
 
how good of a deal depends on what the current program is. A lot of time you can get 0% or zero down or something of that nature. If you're just wanting to make payments go to your bank or credit union.
 
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