Motorcycle Loans

So you’re ready to feel the wind in your face and the sun on your skin, but now you need the money to buy your new motorcycle. Did you know you are able to finance a motorcycle like you do a new car? Motorcycle loans are here to help whether you want a new or used bike, whether you are a veteran rider or beginner looking for a new adventure. Before you begin, know the risks of getting a loan and know your budget. There are questions to ask yourself to prepare you for the motorcycle buying process. Knowing the answers to these questions can simplify the process.

Considerations of Motorcycle Loans:

What is your credit score?

Your credit score will heavily impact your interest rate. We recommend pulling your own credit report to see if you can improve your score and receive a lower rate. Bad and no credit scores are still eligible for a loan by most lenders you just may experience higher interest rates and smaller loan terms.

Do you have a co-signer?

If your credit isn’t the best, but you can afford the loan and want a lower rate a co-signer can help in lowering this for you.

What can you afford as a monthly payment?

Some suggest that you shouldn’t spend more than 15% of your monthly income on a loan. No one knows your spending habits better than yourself so make sure you know your monthly budget and what you can afford. Lenders may offer different loan terms allowing you to stretch your loan making the payments smaller.

What are the lowest interest rates?

Preparing yourself to negotiate the lowest interest rate possible can make payments lower and save you money whether you are working directly with a lender or dealership.

Do you have money to use as a down payment if the lender requires this?

When financing a motorcycle down payment requirements will change with each lender so depending how much you can afford you should shop around for the best deal for you.

Use our calculator below to find your approximate monthly payment.

If you have saved up your money and are needing a smaller loan amount a personal loan such as a payday or installment loan may be a better fit.


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