Motorcycle Loan Calculator
Calculate your motorcycle loan payments, total interest, and compare financing options for new or used motorcycle purchases.
New Motorcycle: Better rates, longer terms, higher loan amounts
Used Motorcycle: Slightly higher rates, shorter terms
Additional Costs
Payment Summary
Monthly Payment:
$0.00
Total Loan Payments:
$0.00
Total Interest:
$0.00
Payoff Date:
N/A
Annual Ownership Costs
Insurance:
$0.00
Maintenance:
$0.00
Registration:
$0.00
Total Annual Cost:
$0.00
Loan Analysis
Loan Amount:
$0.00
Interest Rate:
0.00%
Loan Term:
0 years
Total Cost of Ownership:
$0.00
Understanding Motorcycle Loans
Motorcycle loans are specialized financing options for purchasing motorcycles, scooters, and other two-wheeled vehicles. Understanding the different types of motorcycle loans and their requirements can help you make informed decisions about financing your ride.
Types of Motorcycle Loans
New Motorcycle Loans
- Financing for brand new motorcycles
- Lower interest rates
- Up to 100% financing available
- Longer repayment terms
Used Motorcycle Loans
- Financing for pre-owned motorcycles
- Slightly higher interest rates
- Typically 80-90% financing
- Shorter loan terms
Motorcycle Refinancing
- Refinance existing motorcycle loans
- Lower interest rates
- Cash out available
- Extend loan terms
Private Party Loans
- Loans from private lenders
- Higher interest rates
- Fewer qualification requirements
- Shorter approval times
Motorcycle Loan Interest Rates (2024)
| Motorcycle Type | Interest Rate Range | Typical Term | Down Payment |
|---|---|---|---|
| New Motorcycles | 5.9% - 9.9% | 3-7 years | 10-20% |
| Used Motorcycles | 7.9% - 12.9% | 2-6 years | 15-25% |
| Sport Bikes | 6.9% - 11.9% | 3-6 years | 15-30% |
| Cruisers/Touring | 5.9% - 9.9% | 4-7 years | 10-20% |
Motorcycle Loan Requirements
Qualification Factors
Credit Requirements
- Credit score: 620+ preferred
- Good payment history
- Debt-to-income ratio under 40%
- Stable employment/income
Motorcycle Requirements
- Title in good standing
- Recent inspection for used bikes
- Proper registration
- Insurable condition
Documentation Needed
- Proof of income
- Driver's license (motorcycle endorsement)
- Insurance quote
- Residence verification
Loan Terms
- Loan amounts: $2K - $50K
- Terms: 2-7 years
- Fixed interest rates
- Motorcycle as collateral
Motorcycle Ownership Costs
One-Time Costs
- Registration and title fees
- Sales tax (varies by state)
- Safety gear and accessories
- Installation of accessories
Recurring Costs
- Motorcycle insurance
- Maintenance and repairs
- Fuel costs
- Registration renewal
Safety Requirements
- Motorcycle safety course
- DOT-approved helmet
- Eye protection
- Reflective gear
Insurance Considerations
- Comprehensive coverage
- Collision coverage
- Uninsured motorist protection
- Roadside assistance
Key Takeaways for Motorcycle Loans
- Consider total ownership costs beyond loan payments
- Get proper motorcycle insurance before financing
- Complete a motorcycle safety course if required
- Factor in depreciation when financing
- Check local registration and licensing requirements
- Consider used motorcycles for lower costs
- Shop around with multiple lenders
- Understand all fees and financing costs