How to get a motorcycle loan while rebuilding credit?

ive been rebuilding my credit, ive gone from a 530 to a 640 in the past 9 months, ive paid off all my debt minus student loans, have 2 credit cards (just got a good one last month no annual fee and fixed 7.9 apr) with no balance and i make 50k with only $500 m/rent and $200 m/student loans + expenses (Gas,Cell,etc) . However i got declined, for financing at the honda dealer. My plan as of now is to try to save 1000 - 1500 to put down then try somewhere else. the bike i want is a Honda Shadow Spirit 750. I figured since i just started getting good credit card deals, that my credit was back in atleast fair status. The only reason i can think of i didnt get the loan is my student loans were defered for a long time right out of school and now the debt to credit ratio on the account is at like 101% because intrest still compiles on defered loans. Two questions, 1. Why did i not get the loan? (Ration or Score?) and 2. Whats the best plan for getting the loan soon? (Id rather not wait if i dont have to, i know i canhave like 60-75% down by spring, but would prefer not to wait as i have plenty of extra money these days).

Check with your bank or credit union. You don't HAVE to get a loan where you buy your bike. Also, metric bikes are often loaned as recreational, vs BMW or Harley bikes loaned as Car loans. This can also be part of the reason you were declined. Be careful about applying, and talk to the bank or credit union before letting them run your credit. Each run on it also affects your score.You could also ask for the dealership to send you a copy of their results when they ran your credit, then ask the reporting agencies to explain it to you.Good luck to you!

Honda is the easier of the metrics to get financed. You may have to get an unsecured loan for a 2K down payment, but most cycle companies LIKE to see"earnest money". I paid a good amount down on mine to get the payments where I wanted them and for the amount of time I wanted. Not too sure about Harley being an auto loan though.