What do I look for when purchasing a bike?

When Asking For An Auto Loan... What Do "They" Look Over? Details Inside?

• I have had a credit card for over a year now plus. I use it a lot making my payments atleast $200 plus every month. Sometimes, it has gotten as high as $650. I know, not so high, but I am 19 years old. Well anyway, along with my car, I'm looking @ purchasing a motorcycle here soon. Gas prices will go back up, my car is used mainly as a track car instead of daily driver, and I have ridden one before and I really enjoyed it. So, with that, I know this guy and he is selling his bike as a first come, first serve basis. Whoever gives him the money first, that's who the bike is going to. I need some help to purchase it soon before anyone else does. Nothing more than $3,500. I would like $3,500 but definitely could work with $3,000. Something around there. Like I said, nothing too much, but something that'll help me out when buying. So, I have been asking friends who have already gone through this process and have said: "Oh go here, go there, tell them this, do that etc..." They have had loans ranging from $3,000 to $14,000 with the basically same history (time of having a credit card) as me. My Experian and FICO score is 735 as of a week ago. I have a copy. ANYWAY, to my question: What all do they check when applying for a loan? The amount you need to pay off each month, what you purchase on credit, if you made your payments on time, or what? Like I said, my payments have atleast been $200 if that matters. However, does it matter what you buy or not? I'm not sure if this matters because I only use my credit card on cars parts and maintenance. As my picture indicates, that's my car and I took that thing from the ground up. New interior, paint, a lot under the hood, tires, rims, body work etc... And when I bought that car, I knew it would cost a lot of money so that is why I decided to get my credit card. To get it now, and pay it off each month. Is that a factor in deciding if they approve you? What you buy... probably not but just wondering. Trying to pick up all the info on what to look for. And finally, is all they check is if the payments are made each month? That was what I first though but just being sure. Thanks so much for reading all this. Look forward to your answers.

• Answer:

  They are going to look at your credit report, your verifiable income and your existing debt.