Gooch's Powersports Frequently Asked Questions

1. Do we finance?

Yes. We offer bank financing with approved credit. We do not offer in-house financing. We have multiple lenders who will loan money to the lowest scores and lenders who will loan money at very low rates to our customers with higher scores.

2. What do I need to do to apply for credit?

We have multiple lenders and all have different processes for applying for credit. Some you may apply online and some apply from our store in person.

3. What is required of me as a buyer for financing?

Expect all lenders to require proof of income (exception Motolease Tier 1-2-3 not required), proof of residence, and once approved proof of insurance. Depending on credit score a down payment may be required. Motolease program will generally require a $1000 or more down payment.

4. Can I apply for credit and pick up the bike the same day?

The short answer is yes. In order to do that it is recommended you get a head start and have all of your documentation in order prior to coming to the store. If you are an out of town buyer I would recommend getting pre-approved in advance to make it an easier process once you are at our shop. Local customers/residents have the benefit of using other local lenders to complete their transactions.

5. Do all our bikes have the ability to be financed?

The short answer is yes with a catch. Anything with a verifiable NADA Retail value has the ability to be financed. Just due to the nature of the motorcycle business nice older bikes (2005 and older) tend to sell at or above their NADA Retail value. Because of this down payments can be higher. Newer bikes (2006 and newer) tend to be easier to finance and can require lower down payments. Bikes that are fully customized with fat tire kits and extreme amounts of modifications are a little more difficult to finance. Banks tend to lend NADA Retail Value so anything above that dollar amount is generally needed to be put down toward the loan by the buyer. The exception is if you have very good credit we may be able to help you work with our lenders and get the values increased. You will definitely need to speak with us regarding this type of purchase.

6. Do we accept trade ins?

We accept many types of trades. motorcycles, ATV's, personal watercraft, side x sides, cars, trucks, jeeps, boats, real estate, etc.

Basically any type of item that has a verifiable "book" or auction value. We can trade up or down on value. We can accept your trade even if it has a payoff. Contact us for details or how to get a tentative appraisal.

7. How does layaway work?

Current layaway program is 1/3 down and pay in full in 30 days or complete financing and pay in full. If not complete in 30 days you will sacrifice your 1/3 down payment.

8. Do our bikes have a warranty?

Our bikes are all offered as is where is. We service our bikes before they leave the dealership and test all the basics. Due to the nature of the type of products we sale they are as is. We do offer and strongly recommend a service contract which is available from our provider RPM one. RPM one will even finance the cost of the service contract for you without a credit check. Just requires a checking account.

Programs available up to 2 full years. In the event you buy a bike from us and have problems and you have no warranty please call us anyway. We will go out of our way to help you and generally can do so at a reduced cost and @ a priority in the service department.

9. Do any of our bikes have salvage titles or have they been wrecked?

We do not offer bikes with salvage titles under normal circumstances. If we were to offer one with a salvage title it would be clearly stated. We offer all kinds of bikes at all kinds of prices. Some are exceptionally nice and some are not. We try to offer bikes that fit all budgets. We do not seek out wrecked bikes to fix up and sell.

That is not to say that we never repair bikes to sell but generally speaking, we don't offer bikes that have had anything more than minor cosmetic issues repaired. We do offer bikes from time to time as "as is" specials if the bike is not up to the quality level we wish to offer. If you have concerns about any of our bikes don't hesitate to come directly to Shawn Gooch and ask. If the history is known he is glad to share.

10. We don't have the bike you want?

Contact us and we will look for your bike. We are attached to a network of dealers and auctions and help you locate the bike you want. A deposit will be required if it isn't something we normally stock.

11. Do we deliver?

Shipping / delivery is available in 48 states. We generally handle deliveries within 200 mile radius of Nashville Tn ourselves. Any further than that we have a shipping provider we use. Pretty much any city east of the Mississippi River will cost $500 or less. That covers the largest portion of our customers from New York to Miami and all cities in between. West Coast deliveries will cost more for obvious reasons. Companies like Haulbikes.com have shipped all the way to California though for as low as $500 so often it's cheaper than you think.

12. Do we buy bikes?

Absolutely. We try to buy locally however we can buy your bike from out of state if you are willing to deliver or willing for us to back the shipping out of the purchase price. The best way to start is to either text info and pics to 615-473-1891 or email to shawngooch@me.com and we can discuss from there.

13. Do we hold bikes?

Yes, we will hold a bike for you for a predetermined amount of time for a non-refundable deposit. Deposit will vary based on the amount of the bike and the amount of time you need us to hold it for you but deposits and down payments are always non-refundable.

14. Can we add accessories to your bike purchase?

Yes. We can add to whatever loan amount the bank will allow. Helmets, performance parts, cosmetic upgrades, etc and all be added.

15. Do we offer military discounts?

Yes. We gladly offer all parts and accessories to our Military at 20% over cost. We don't have a discount structure on our bikes due to their not being a fixed cost. Sometimes we can have 2 identical bikes and quite often have more money in one than the other. All bikes are unique in one way or another and their cost and pricing will reflect it.

16. How much will I need to put down to get financed?

Amount of down payment will vary based on credit score and finance program. The best way to find out is to simply apply and get started.