4 Ways to Get a Loan for a Motorcycle

Motorcycles are often touted as a less expensive alternative to cars, but they can still be quite pricey — a used bike might be as little as a few thousand dollars, but new or used can easily be tens of thousands of dollars, as much or more than a car. On top of that, you’ll 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 before you can start shopping for a bike.Compare Rates NowWhere to find a motorcycle loanThere are several types of lenders that offer loans for motorcycles. Here are a few of your options.1. Banks and credit unionsSome banks and credit unions offer loans specifically for motorcycles that are secured by the bike you’re purchasing. A down payment may also be required to qualify.Since the bike serves as collateral, rates tend to be lower relative to unsecured loans (like personal loans, which we discuss below). It...