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4 Ways to Get a Loan for a Motorcycle

While you can get motorcycle loans, personal loans may be a better option if you’re buying a bike.

Kat Tretina Kat Tretina Edited by Ashley Harrison Updated May 13, 2022

Our goal is to give you the tools and confidence you need to improve your finances. Although we receive compensation from our partner lenders, whom we will always identify, all opinions are our own. By refinancing your mortgage, total finance charges may be higher over the life of the loan.
Credible Operations, Inc. NMLS # 1681276, is referred to here as "Credible."

Motorcycles are often touted as a less expensive alternative to cars, but they can still be quite pricey — a used bike with relatively low mileage ranges from $3,000 to $6,000 on average, while high-end new bikes can cost anywhere from $8,000 all the way up to $65,000.

On top of that, you’ll also need money to purchase essentials like a helmet, boots, and other protective gear.

If you don’t have the cash saved, you’ll likely need to find a motorcycle loan or motorcycle financing through a dealership or manufacturer before you can start shopping for a bike.

Here’s what you should know about motorcycle financing:

  • Where to find a motorcycle loan
  • Motorcycle loan frequently asked questions
  • Ready to buy a motorcycle?

Where to find a motorcycle loan

There are several types of lenders that offer loans for motorcycles. Here are a few of your options:

  1. Online lenders
  2. Banks and credit unions
  3. Dealership financing
  4. Manufacturer financing

1. Online lenders

There are some online lenders that offer specialized motorcycle loans while others provide personal loans that you can use for a motorcycle.

An online lender is often a faster option for approval decisions and loan funding compared, too — which could get you on the road more quickly.

Here are Credible’s partner lenders that offer personal loans for motorcycles:

LenderFixed ratesLoan amountsLoan terms (years)


Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
View details
9.95% - 35.99% APR $2,000 to $35,000**2, 3, 4, 5*
  • Fixed APR: 9.95% - 35.99% APR
  • Variable APR: N/A
  • Min. credit score: 550
  • Loan amount: $2,000 to $35,000**
  • Loan terms (years): 2, 3, 4, 5*
  • Time to fund: As soon as the next business day (if approved by 4:30 p.m. CT on a weekday)
  • Fees: Origination fee
  • Discounts: Autopay
  • Eligibility: Available in all states except CO, IA, HI, VT, NV NY, WV
  • Customer service: Phone, email
  • Soft credit check: Yes
  • Loan servicer: Avant
  • Loan Uses: Debt consolidation, emergency expense, life event, home improvement, and other purposes
  • Min. Income: $1,200 monthly


Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
View details
7.29% - 17.99% APR $10,000 to $50,0003, 4, 5, 6
  • Fixed APR: 7.29% - 17.99% APR
  • Variable APR: N/A
  • Min. credit score: 700
  • Loan amount: $10,000 to $50,000
  • Loan terms (years): 3 to 6
  • Time to fund: Next business day
  • Fees: No prepayment penalty
  • Discounts: None
  • Eligibility: Available in all 50 states
  • Customer service: Phone
  • Soft credit check: Yes
  • Min. Income: Does not disclose
  • Loan Uses: Debt consolidation, home improvement, self-employment, and other purposes


Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
View details
4.99% - 35.99% APR $2,000 to $50,0003, 5
  • Fixed APR: 4.99% - 35.99% APR
  • Variable APR: N/A
  • Min. credit score: 600
  • Loan amount: $2,000 to $50,000
  • Loan terms (years): 2, 3, 4, 5
  • Time to fund: As soon as 1 - 3 business days after successful verification
  • Fees: Origination fee
  • Discounts: None
  • Eligibility: Available in all states except DC, IA, VT, and WV
  • Customer service: Phone
  • Soft credit check: Yes
  • Loan servicer: Best Egg and Blue Ridge Bank
  • Min. Income: None
  • Loan Uses: Credit card refinancing, debt consolidation, home improvement, and other purposes


Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
View details
5.99% - 24.99% APR $2,500 to $35,0003, 4, 5, 6, 7
  • Fixed APR: 5.99% - 24.99% APR
  • Min. credit score: 660
  • Loan amount: $2,500 to $35,000
  • Loan terms (years): 3, 4, 5, 6, 7
  • Time to fund: As soon as the next business day after acceptance
  • Fees: Late fee
  • Discounts: None
  • Eligibility:  Available in all 50 states
  • Customer service: Phone
  • Soft credit check: Yes
  • Loan Uses: Auto repair, credit card refinancing, debt consolidation, home remodel or repair, major purchase, medical expenses, taxes, vacation, and wedding


Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
View details
7.99% - 29.99% APR $10,000 to $35,0002, 3, 4, 5
  • Fixed APR: 7.99% - 29.99% APR
  • Min. credit score: Does not disclose
  • Loan amount: $10,000 to $50,000
  • Loan terms (years): 2, 3, 4, 5
  • Time to fund: As soon as 2 business days
  • Fees: Origination fee
  • Discounts: No
  • Eligibility: Available in all states except CO, CT, HI, KS, NH, NY, ND, OR, VT, WV, WI, and WY
  • Customer service: Phone
  • Soft credit check: Yes
  • Min. Income: None
  • Loan Uses: Debt consolidation, home improvement, wedding, travel, medical expenses, and other purposes


Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
View details
7.04% - 35.89% APR $1,000 to $40,0003, 5
  • Fixed APR: 7.04% - 35.89% APR
  • Min. credit score: 600
  • Loan amount: $1,000 to $40,000
  • Loan terms (years): 3, 5
  • Time to fund: Usually takes about 2 days†
  • Fees: Origination fee
  • Discounts: None
  • Eligibility: Available in all 50 states
  • Customer service: Phone, email
  • Soft credit check: Yes
  • Loan servicer: LendingClub Bank
  • Min. Income: None
  • Loan Uses: Debt consolidation, paying off credit cards, home improvement, pool loans, vacations, and other purposes


Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
View details
7.99% - 35.99% APR $2,000 to $36,5002, 3, 4, 5, 6
  • Fixed APR: 7.99% - 35.99% APR
  • Min. credit score: 580
  • Loan amount: $2,000 to $36,500
  • Loan terms (years): 2, 3, 4, 5, 6
  • Time to fund: As soon as the next business day
  • Fees: Origination fee
  • Discounts: Autopay
  • Eligibility: Available in all states except NV and WV
  • Customer service: Phone, email
  • Soft credit check: Yes
  • Min. Income: $20,000
  • Loan Uses: Home improvement, consolidate debt, credit card refinancing, relocate, make a large purchase, and other purposes


Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
View details
3.99% - 19.99% APR $5,000 to $100,0002, 3, 4, 5, 6, 7
(up to 12 years for home improvement loans)
  • Fixed APR: 3.99% - 19.99% APR
  • Min. credit score: 660
  • Loan amount: $5,000 to $100,000
  • Loan terms (years): 2, 3, 4, 5, 6, 7*
  • Time to fund: As soon as the same business day
  • Fees: None
  • Discounts: Autopay
  • Eligibility: Available in all states except RI and VT
  • Customer service: Phone, email
  • Soft credit check: No
  • Loan servicer: LightStream
  • Min. Income: Does not disclose
  • Loan Uses: Credit card refinancing, debt consolidation, home improvement, and other purposes


Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
View details
6.99% - 19.99% APR1 $3,500 to $40,00023, 4, 5, 6, 7
  • Fixed APR: 6.99% - 19.99% APR1
  • Min. credit score: 660
    (TransUnion FICO®️ Score 9)
  • Loan amount: $3,500 to $40,0002
  • Loan terms (years): 3, 4, 5, 6
  • Time to fund: Many Marcus customers receive funds in as little as three days
  • Fees: None
  • Discounts: Autopay
  • Eligibility: Available in all 50 states
  • Customer service: Phone
  • Soft credit check: Yes
  • Loan servicer: Goldman Sachs
  • Min. Income: $30,000
  • Loan Uses: Credit card refinancing, debt consolidation, home improvement, major purchase, and other purposes


Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
View details
18.0% - 35.99% APR $1,500 to $20,0002, 3, 4, 5
  • Fixed APR: 18.0% - 35.99% APR
  • Min. credit score: None
  • Loan amount: $1,500 to $20,000
  • Loan terms (years): 2, 3, 4, 5
  • Time to fund: As soon as the same day, but usually requires a visit to a branch office
  • Fees: Origination fee
  • Discounts: None
  • Eligibility: Must have photo I.D. issued by U.S. federal, state or local government
  • Customer service: Phone, email
  • Soft credit check: Yes
  • Min. Income: Does not disclose


Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
View details
5.49% - 17.99% APR $600 to $50,000
(depending on loan term)
1, 2, 3, 4, 5
  • Fixed APR: 5.49% - 17.99% APR
  • Min. credit score: 660
  • Loan amount: $600 to $50,000*
  • Loan terms (years): 1, 2, 3, 4, 5
  • Time to fund: 2 to 4 business days after verification
  • Fees: None
  • Discounts: None
  • Eligibility: Does not disclose
  • Customer service: Phone, email
  • Soft credit check: No
  • Min. Income: Does not disclose
  • Loan Uses: Debt consolidation, home improvement, transportation, medical, dental, life events


Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
View details
7.95% - 35.99% APR $2,000 to $40,0003, 5
  • Fixed APR: 7.95% - 35.99% APR
  • Min. credit score: 640
  • Loan amount: $2,000 to $40,000
  • Loan terms (years): 3, 5
  • Time to fund: As soon as one business day
  • Fees: Origination fee
  • Discounts: None
  • Eligibility: Available in all states except IA, ND, WV
  • Customer service: Phone, email
  • Soft credit check: Yes
  • Min. Income: None
  • Loan Uses: Debt consolidation, home improvement, vehicles, small business, new baby expenses, and other purposes


Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
View details
6.99% - 22.23% APR10 $5,000 to $100,0002, 3, 4, 5, 6, 7
  • Fixed APR: 6.99% - 22.23% APR10
  • Min. credit score: Does not disclose
  • Loan amount: $5,000 to $100,000
  • Loan terms (years): 2, 3, 4, 5, 6, 7
  • Time to fund: 3 business days
  • Fees: None
  • Discounts: Autopay
  • Eligibility: Available in all states except MS
  • Customer service: Phone, email
  • Soft credit check: Yes
  • Min. Income: Does not disclose
  • Loan Uses: Solely for personal, family, or household uses


Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
View details
6.55% - 35.97% APR $1,000 to $50,0002, 3, 5, 6
  • Fixed APR: 6.55% - 35.97% APR
  • Min. credit score: 560
  • Loan amount: $1,000 to $50,000*
  • Loan terms (years): 2, 3, 5, 6
  • Time to fund: Within a day of clearing necessary verifications
  • Fees: Origination fee
  • Discounts: Autopay
  • Eligibility: Available in all states except West Virginia
  • Customer service: Email
  • Soft credit check: Yes
  • Min. Income: Does not disclose
  • Loan Uses: Debt consolidation, credit card refinancing, home improvement, and other purposes


Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
View details
5.4% - 35.99% APR4 $1,000 to $50,00053 to 5 years4
  • Fixed APR: 5.4% - 35.99% APR4
  • Min. credit score: 580
  • Loan amount: $1,000 to $50,0005
  • Loan terms (years): 3 to 5 years4
  • Time to fund: As fast as 1 business day6
  • Fees: Origination fee
  • Discounts: None
  • Eligibility: Available in all 50 states
  • Customer service: Phone, email
  • Soft credit check: Yes
  • Min. Income: $12,000
  • Loan Uses: Payoff credit cards, consolidate debt, take a course or bootcamp, relocate, make a large purchase, and other purposes
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All APRs reflect autopay and loyalty discounts where available | LightStream disclosure | 10SoFi Disclosures | Read more about Rates and Terms

Avant

With Avant, you can borrow up to $35,000 with a term of two to five years. Avant could also be a good option if you have less-than-stellar credit.

Axos Bank

Axos Bank offers personal loans up to $50,000 for a variety of purposes. If you’re approved for an Axos loan, you could get your funds as soon as the next business day.

Best Egg

If you’re looking to buy a motorcycle and have fair credit, Best Egg might be a good option. With Best Egg, you can borrow $2,000 to $50,000.

Discover

Discover personal loans are available for up to $35,000. With Discover, you could have up to seven years to repay your loan, which could be helpful if you want a lower monthly payment.

FreedomPlus

With FreedomPlus, you can borrow up to $40,000 and could get your funds as soon as two business days after loan approval.

You’ll have two to five years to repay a FreedomPlus loan.

LendingClub

LendingClub offers personal loans from $1,000 to $40,000 with terms of three or five years.

It’s also one of the few lenders that allows you to apply with a cosigner, which could help you get approved if you have poor or fair credit.

LendingPoint

LendingPoint loans are mainly geared toward borrowers with near-prime credit — typically scores in the 600s down to the upper 500s.

With LendingPoint, you can borrow up to $36,500 and could get your funds as soon as the next business day if you’re approved.

LightStream

LightStream offers specialized motorcycle loans ranging from $5,000 to $100,000 with repayment terms up to seven years.

If you’re approved, you could get your funds as soon as the same business day.

Marcus

With Marcus, you can borrow $3,500 to $40,0002 and could have up to six years to repay your debt.

Keep in mind that if you make consecutive, on-time payments for 12 months, you can defer one payment interest-free.

OneMain Financial

OneMain Financial offers personal loans up to $20,000 — though larger loan amounts might require collateral.

Keep in mind that if you’re a previous OneMain customer, you might qualify for higher loan amounts.

PenFed

If you only need a small loan — such as for a used bike or accessories — PenFed might be a good choice. You can borrow $600 up to $50,000 with a term ranging from one to five years.

Prosper

Prosper’s peer-to-peer lending platform provides loans for a wide range of uses, including motorcycle purchases.

With Prosper, you can borrow $2,000 to $40,000 — though keep in mind that your loan will need to be funded by investors, which means it could take longer to get a Prosper loan compared to other lenders.

SoFi

If you’re planning on buying a high-end motorcycle and need a large loan amount, SoFi could be a good option.

SoFi personal loans range from $5,000 up to $100,000 and come with benefits like unemployment protection.

Upgrade

With Upgrade, you can borrow $1,000 to $50,000 with a term of two, three, five, or six years. Upgrade borrowers also enjoy access to free credit monitoring and educational resources.

Upstart

Upstart personal loans are available from $1,000 to $50,000. Unlike other lenders, Upstart also looks at your education and job history to determine loan eligibility, which could be helpful if you have little to no credit history.

Learn More: Where to Get a Personal Loan

2. Banks and credit unions

Some banks and credit unions offer loans specifically for motorcycles. Unlike an unsecured personal loan, these motorcycle loans are secured by the bike you’re purchasing.

Because there’s less risk to the lender, they often come with lower interest rates and sometimes longer repayment terms. However, if you can’t make your payments, you risk losing your bike.

Keep in mind: Some major institutions — such as Bank of America and Capital One — don’t offer motorcycle financing.

Here are a few banks and credit unions that offer motorcycle loans. Note that none of these are Credible partners.

  • America First Credit Union
  • Navy Federal Credit Union
  • U.S. Automobile Association (USAA)

No matter which type of lender you choose for financing your motorcycle, it’s a good idea to consider how much a loan will cost you before you borrow. You can estimate how much you’ll pay for a loan using our personal loan calculator below.

Enter your loan information to calculate how much you could pay

? Enter the total amount borrowed $
? Enter your annual interest rate %
or
? Enter the amount of time you have to repay your loan years
Total Payment $
Total Interest $
Monthly Payment $

With a $ loan, you will pay $ monthly and a total of $ in interest over the life of your loan. You will pay a total of $ over the life of the loan.


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3. Dealership financing

If you’re purchasing a motorcycle from a dealership, you might be able to get financing directly through the dealer. With dealership financing, you can apply for a loan for the exact amount of the bike you select and get an approval decision on the spot.

Keep in mind that dealership loans might require a down payment. You could also end up with a higher APR than if you shopped for a motorcycle loan on your own — the APR on dealership motorcycle loans typically ranges from 3% to 25%, though the actual APR you get will depend on your credit, income, and purchase amount.

Tip: Ultimately, whether dealership financing is a good idea will depend on whether you can get better loan terms through the dealer or with another lender.

Check Out: Where to Get a $10,000 Personal Loan

4. Manufacturer financing

Some motorcycle manufacturers — such as BMW, Harley-Davidson, and Suzuki — offer their own financing. These loans are secured by the bike you purchase. Keep in mind that they might also require a down payment.

Manufacturer financing is available for both new and used bikes and might offer lower promotional rates than you’d get from an online lender, bank, or credit union.

For example: Manufacturer financing APRs sometimes go as low as 1.99% — possibly even lower with special sales or events. Keep in mind that you’ll typically next excellent credit to qualify for the lowest rates.

Like dealership financing, manufacturer financing could be a good idea if you can get better terms through a manufacturer. Make sure to shop around and compare lenders before making your decision.

Learn More: How to Get a $20,000 Personal Loan

How to get a motorcycle loan

If you take out a motorcycle loan through a specialized financier, the loan will typically use the motorcycle as collateral — similar to how an auto loan is secured by your vehicle. However, if you don’t want to use your bike as collateral or only need to borrow a small amount, then you might consider an unsecured personal loan instead.

Tip: Motorcycles can range widely in price depending on the kind of bike you choose as well whether it’s used or not — so before you apply for a loan, make sure to consider your budget to see what you can reasonably afford without overextending yourself financially.

Follow these five steps if you’re ready to get a motorcycle loan:

  1. Check your credit. When you apply for a loan, the lender will review your credit to determine your creditworthiness — so it’s a good idea to check your credit beforehand to see where you stand. You can use a site like AnnualCreditReport.com to review your credit reports for free. If you find any errors, dispute them with the appropriate credit bureau to potentially boost your credit score.
  2. Decide which type of lender to use. Motorcycle loans are available from a variety of lenders, including online lenders, banks, and credit unions. Many dealerships also offer their own financing. Keep in mind that depending on which lender and loan type you choose, you might have to use your motorcycle as collateral.
  3. Compare lenders and pick a loan option. Once you’ve chosen the kind of lender you’d like to work with, be sure to shop around and compare your options from as many of these lenders as possible to find the right loan for you. Consider not only interest rates but also repayment terms, any fees charged by the lender, and eligibility requirements. After you’ve done your research, pick the loan option that best suits your needs.
  4. Fill out the application. Once you’ve picked a loan option, you’ll need to complete a full application and submit any required documentation, such as tax returns or pay stubs.
  5. Get your funds. If you’re approved, the lender will have you sign for the loan so the funds can be released. The time to fund for an unsecured personal loan is usually about one week — though some lenders will fund loans as soon as the same or next business day after approval. Other types of financing can also vary in approval and funding times, so be sure to check with the lender to know when you can expect the loan to close.

Motorcycle loan frequently asked questions

Here are some answers to commonly asked questions about motorcycle loans:

What’s the difference between a motorcycle loan and a personal loan?

Motorcycle-specific loans are similar to car loans. They’re secured by the vehicle you purchase — which means if you fall behind on your payments, the lender could repossess the motorcycle and sell it to recoup the outstanding balance.

Personal loans, on the other hand, are generally unsecured, meaning they don’t require collateral. While most personal loans could be used to purchase a motorcycle, they could have higher interest rates compared to secured motorcycle loans.

Can I get a loan for a used motorcycle?

Not all dealers and manufacturers offer loans for used motorcycles. If this is the case, you might be better off applying for a personal loan to cover the cost.

You can typically use a personal loan for any personal expense (though some lenders might have restrictions), so you could even use a personal loan to buy a motorcycle from a private seller.

Can you get a motorcycle loan with bad credit?

If you have poor credit, it might be more difficult to qualify for a motorcycle loan. However, there are several lenders — such as Avant, Best Egg, and LendingPoint — that offer personal loans for bad credit.

Tip: Some lenders — like FreedomPlus and LendingClub — also allow you to apply for a personal loan with a cosigner, which could improve your chances of getting approved for a loan.

Even if you don’t need a cosigner to qualify, having one might get you a lower interest rate than you’d get on your own.

If you decide to take out a personal loan for a motorcycle, be sure to consider as many lenders as possible to find the right loan for you. Credible makes this easy — you can compare your prequalified rates from multiple lenders in two minutes.

Can you get a personal loan for motorcycle repairs?

Personal loans can be used for almost any personal expenses, including motorcycle repairs. If you plan to buy a motorcycle or need to make repairs to a bike you already own, a personal loan could help you cover the cost.

How can you get a better rate on a motorcycle loan?

To qualify for the lowest rates on motorcycle loans, you’ll typically need excellent credit.

If you have less-than-stellar credit and can wait to get your motorcycle, spending some time improving your credit could help you get a better interest rate on a motorcycle loan in the future.

Here are a few ways to potentially build your credit:

  • Pay down debt. If you already have existing debt, you could boost your credit score by paying down the amount you owe. This will improve your credit utilization (the amount of credit you’ve used compared to what you have available), which factors into your overall score.
  • Make all of your monthly payments on time. Be sure to pay all of your bills on time each month. Your payment history is the biggest factor affecting your score, so staying on track could have a positive effect on your credit.
  • Limit new credit inquiries. Applying for new forms of credit could negatively impact your credit score. Be sure to shop for credit sparingly and apply for a loan only when you really need it — such as when you’re ready to get your motorcycle loan.

If you decide to take out a personal loan for a motorcycle, remember to consider as many lenders as you can to find a loan that fits your needs. Credible makes this easy — you can compare your prequalified rates from multiple lenders in two minutes.

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Ready to buy a motorcycle?

Before buying a motorcycle, remember to consider your budget as you decide which type of bike you want to purchase. Also be sure to shop around and compare your loan options from as many lenders as possible so you can more easily find a good deal on a loan.

If you decide to take out an unsecured personal loan to buy your motorcycle, Credible can help — you can compare your prequalified rates from multiple lenders in just two minutes.

Ready to find your personal loan?
Credible makes it easy to find the right loan for you.

  • Free to use, no hidden fees
  • One simple form, easy to fill out and your info is protected
  • More options, pick the loan option that best fits your personal needs
  • Here for you. Our team is here to help you reach your financial goals

Find My Rate
Checking rates won’t affect your credit

Trustpilot


About Rates and Terms: Rates for personal loans provided by lenders on the Credible platform range between 3.99%-35.99% APR with terms from 12 to 84 months. Rates presented include lender discounts for enrolling in autopay and loyalty programs, where applicable. Actual rates may be different from the rates advertised and/or shown and will be based on the lender’s eligibility criteria, which include factors such as credit score, loan amount, loan term, credit usage and history, and vary based on loan purpose. The lowest rates available typically require excellent credit, and for some lenders, may be reserved for specific loan purposes and/or shorter loan terms. The origination fee charged by the lenders on our platform ranges from 0% to 8%. Each lender has their own qualification criteria with respect to their autopay and loyalty discounts (e.g., some lenders require the borrower to elect autopay prior to loan funding in order to qualify for the autopay discount). All rates are determined by the lender and must be agreed upon between the borrower and the borrower’s chosen lender. For a loan of $10,000 with a three year repayment period, an interest rate of 7.99%, a $350 origination fee and an APR of 11.51%, the borrower will receive $9,650 at the time of loan funding and will make 36 monthly payments of $313.32. Assuming all on-time payments, and full performance of all terms and conditions of the loan contract and any discount programs enrolled in included in the APR/interest rate throughout the life of the loan, the borrower will pay a total of $11,279.43. As of March 12, 2019, none of the lenders on our platform require a down payment nor do they charge any prepayment penalties.

About the author
Kat Tretina
Kat Tretina

Kat Tretina is a freelance writer who covers everything from student loans to personal loans to mortgages. Her work has appeared in publications like the Huffington Post, Money Magazine, MarketWatch, Business Insider, and more.

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Home » All » Personal Loans » 4 Ways to Get a Loan for a Motorcycle

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