8 Best Motorcycle Loans of 2025

Financing a motorcycle isn’t as simple as buying a car. With fewer lenders offering specialized motorcycle loans and interest rates often running higher, finding the best deal requires some research.

If you’re not paying for your motorcycle with cash, you still have plenty of options to secure the funds you need. Whether you’re looking at a brand-new bike or a used model, the right financing can help you get on the road without overpaying in interest.

Motorcycle Financing Options

Unlike auto loans, motorcycle loans are less common, but there are still multiple ways to finance your purchase. Here are the four main options:

• Personal Loans – Unsecured personal loans can be used to buy a motorcycle, giving you more flexibility. Since they don’t require collateral, they may have higher interest rates, especially for borrowers with lower credit scores.
• Direct Lenders – Some banks, credit unions, and online lenders offer loans specifically for motorcycles. These loans often have lower interest rates than personal loans but may require a down payment or collateral.
• Dealership Financing – Many motorcycle dealerships offer financing through lending partners. While this can be convenient, dealerships may charge higher interest rates or fees compared to direct lenders.
• Manufacturer Financing – Some motorcycle brands partner with financial institutions to offer loans directly to buyers. These loans may include special promotions like low-interest rates, but the best deals are often reserved for high-credit borrowers.

Best Online Lenders for Motorcycle Loans

If you’re looking for a fast and flexible way to finance your motorcycle, online lenders can be a great option. Many offer quick approval times, competitive rates, and the ability to prequalify without impacting your credit score. Below are some of the best online lenders to consider.

Best Bad Credit Motorcycle Loans

Getting approved for a motorcycle loan with bad credit can be difficult, but some lenders specialize in working with borrowers who have lower credit scores. While interest rates may be higher, these lenders offer accessible financing options that can help you get the motorcycle you need.

Best Direct Motorcycle Lenders

If you prefer to finance your motorcycle through a lender that offers loans specifically for bikes, direct motorcycle lenders can be a great option. These lenders typically provide lower rates than personal loans and may offer flexible terms based on the type of motorcycle you’re buying. Here are some of the best lenders to consider.

Dealership Financing

Financing a motorcycle through a dealership can be convenient, but it’s important to compare offers before signing. Dealerships typically work with external lenders or manufacturers to offer financing, but their rates can be higher than what you’d find with direct lenders or credit unions.

Since dealerships act as middlemen, they may include additional fees or markups that increase your overall loan cost. However, dealerships often run promotions, such as special financing offers or cashback deals, that could make their loans more competitive—especially if you have strong credit.

Before committing to dealership financing, check your prequalified rates with other lenders. Having an outside loan offer in hand can also give you leverage to negotiate a better deal.

Manufacturer Financing

Many motorcycle manufacturers offer financing through partner banks or credit unions. These loans may come with promotional rates, but the best deals are often reserved for high-credit borrowers or shorter loan terms.

Manufacturer financing can be a great option if you’re purchasing a new bike and qualify for a special rate. However, if you’re buying a used motorcycle or need a longer repayment term, a credit union or online lender may provide better rates.

Below are some major motorcycle manufacturers and their financing partners:

• Harley-Davidson – Eaglemark Savings Bank
• Kawasaki – Citi Retail Services, Synchrony Bank, Sheffield Financial
• Ducati – Ducati Financial Services
• Triumph – FreedomRoad Financial
• Yamaha – WebBank
• Honda – Honda Financial Services
• BMW – BMW Financial Services
• Suzuki – Sheffield Financial
• Indian – Evergreen Bank Group
• Aprilia – Sheffield Financial
• KTM – FreedomRoad Financial, Synchrony Financial

If you’re considering manufacturer financing, compare the terms with other lenders to ensure you’re getting the best possible deal for your situation.

How Motorcycle Loans Compare to Auto Loans

Motorcycle loans work differently from auto loans because most lenders classify motorcycles as recreational vehicles. This means you won’t always find motorcycle loans at traditional auto lenders, and you may need to look at banks, credit unions, or specialized lenders.

Here’s how motorcycle loans differ from auto loans:

• Loan Terms: Auto loans typically have longer terms, up to 84 months (7 years), while motorcycle loans usually max out at 72 months (6 years).
• Interest Rates: Motorcycle loan rates tend to be higher than auto loan rates because motorcycles are considered riskier assets.
• Loan Eligibility: Some lenders classify motorcycles under recreational loans, similar to boats or RVs.
• Accessories & Gear: Some lenders allow you to include accessories, such as helmets and riding gear, in your loan, while others only cover the bike itself.

If you’re comparing financing options, check whether your lender allows for extended terms or the inclusion of accessories before deciding.

Final Thoughts

Securing the right motorcycle loan can save you money and make your purchase more affordable. Whether you choose a direct lender, an online marketplace, or dealership financing, comparing rates and terms is key.

Borrowers with strong credit get the best rates, while those with lower scores may face higher interest. Prequalifying and exploring multiple options can help you find the best deal.

Before signing, ensure the loan fits your budget and watch for extra fees or insurance requirements. A smart financing choice lets you hit the road with confidence.

Frequently Asked Questions

Can I refinance a motorcycle loan?

Yes, many lenders offer motorcycle loan refinancing, which can help you lower your interest rate, reduce your monthly payment, or shorten your loan term. To qualify for the best refinancing rates, you’ll typically need a good credit score and a solid payment history on your current loan. Some lenders also allow refinancing for borrowers with fair credit, though interest rates may be higher.

Is it better to get a motorcycle loan from a bank or a credit union?

Credit unions often offer lower interest rates and more flexible terms than banks, especially for members with good standing. However, banks may provide more extensive online services and faster loan processing. The best option depends on your credit profile, relationship with the lender, and whether you qualify for membership at a credit union.

Can I buy a used motorcycle with a motorcycle loan?

Yes, many lenders allow you to finance a used motorcycle. However, some have restrictions on the age and mileage of the bike. If you’re purchasing from a private seller, you may need a personal loan instead of a traditional motorcycle loan, as some lenders only finance purchases from dealerships.

Do I need motorcycle insurance to get a loan?

Most lenders require you to have full coverage motorcycle insurance before they approve your loan. Since the lender holds a financial interest in the bike until you pay off the loan, they want to ensure it’s protected in case of an accident or theft. Check with your lender to confirm their specific insurance requirements.

Can I get a motorcycle loan with no down payment?

Some lenders allow borrowers to finance a motorcycle without a down payment, but this often depends on your credit score and income. Zero-down loans may come with higher interest rates or require excellent credit. Making even a small down payment can help lower your monthly payments and reduce the total interest paid over time.

How does prequalification for a motorcycle loan work?

Prequalification allows you to check potential loan offers without affecting your credit score. Many online lenders and marketplaces provide this option, showing you estimated rates and terms based on a soft credit pull. Keep in mind that prequalification isn’t a guarantee of final loan approval, as lenders will still conduct a hard credit inquiry before finalizing the loan.

What happens if I default on a motorcycle loan?

If you stop making payments on your motorcycle loan, the lender may repossess the bike and report the missed payments to credit bureaus, significantly impacting your credit score. Some lenders offer hardship programs or refinancing options if you’re struggling to make payments, so it’s best to reach out to your lender before missing a payment.