Motorbike Finance
Work out how much you can afford every month
Representative example: credit
Borrowing £7,500 over 48 months with a representative APR of %, an annual interest rate of % and a deposit of £0.00, the amount payable would be: £ a month, with a total cost of credit of £ and total amount payable of £.
Motorbike Finance Quick and Easy
Apply today for motorbike finance with our quick and easy online application form. We have access to a range of motorbike finance lenders across the market. Quickly tracking down the most competitive deals. Arranging finance for a motorcycle that lets you pay with a fixed percentage monthly sum can be a great way to manage your finances over time. A motorcycle loan is a great alternative to hire purchase.
We offer motorbike finance deals for all kinds of motorcycles and scooters. Taking out a motorcycle loan to buy one is a viable option, and it shouldn't take you too long to repay the loan. We'll ask you more information about the motorbike you're planning to buy as part of the application process. We will also search your credit score
One of the most attractive parts of motorbike loan is the ability to pay off the sum of money over a period of months. Even though £1,500 might not sound like a lot of money, it can be hard to get that together in one go. However, paying back £200 a month is a much easier way of managing payments. Also, paying back a motorbike finance plan on time with a few payments and without any missed payments is a great way to improve your rating, which can be incredibly helpful later in life.
Motorbike financing deals & loans
The exact rate will vary depending on the individual circumstances of the situation. An example: If you borrow £56,000 over a 5-year period for a representative APR of 19.8%, an interest rate at 19.8% each year and a zero deposit motorbike finance, the total cost payable is £66.08 per month with the interest rate being fixed percentage. Our goal is to find you the best representative APR in our lending network. There is no purchase fee paid for our services. We are not a lender and do not offer hire purchase. We offer finance as an introducer. Some lenders charge either a fixed fee. This does not affect your motorcycle loan rate or your monthly payment.
Bad credit motorbike finance
Do you need bad credit motorbike finance? Are motorcycle lenders giving you loan options, or are they denying you offers? Motorbike loans are accepted even when other lenders are not interested. Apply today for bad credit motorbike finance deals.
No deposit motorcycle financing
I want to ride my own new bike but have no cash to spare? We'll continue to support you. We also work directly with motorbike finance lenders that can loan with no deposit motorbike finance, as long as they approve the motorcycle loan. Ask us for more details on your financing options.
Who can access motorbike finance?
Some people might be requiring a reliable new motorbike for work and for social activities. Some of our motorbike finance deals are able to offer a loan for new bike finance with poor credit. Motorcycle finance is available for UK residents. We will request address proof and personal details. We will also need your motorbike registration number. We will also search your credit score history. We always focus on responsible lending decisions, so we will carefully examine if you can afford finance options with your monthly budget. You will need to check the repayment terms and take in consideration if you have money problems with poor credit. We may also offer motorbike finance options where you have been unable to get a motorcycle loan with poor credit. We will access your monthly budget. We are happy to try and help you get vehicle finance, so you can concentrate on finding the right bike.
Do I have options if my credit rating is poor?
Different rates will vary from lender to lender. If you have a bad credit score it is possible you may be refused a motorbike loan. If it happens, you will either have to improve your bad credit score, or find another means of getting the money. Those with a bad credit score can easily find an alternative with motorcycle finance. In some cases, if you have a bad credit score the lender may charge higher representative apr rates, or offer more flexible monthly payments than expected for motorcycle finance. The maximum total amount that can be borrowed will differ depending on the lender and credit score. You must also keep in mind any money problems you may have that may effect your bad credit score. Finance works well when used correctly. You can use a financial calculator for bike finance options to find the best representative example for you.
Guaranteed motorbike financing for bad credit
If you have bad credit, you could probably get an unsatisfactory decision financing a brand-new motorcycle. Nevertheless, any company that advertises guaranteed motorcycle finance for bad credit cannot guarantee as it does not exist anymore. Your credit score is important. We will make all possible efforts to give you a "yes" to your bad credit application. Our team takes every request very carefully. If I am able to afford the monthly payments or am trying to improve my personal circumstances then my application will be favourable.
Can I get finance on a motorcycle?
You could have had other financing companies reject your application, so it may be worth it. Of course, the answer is yes. The answer is dependent upon your financial institution. You will need to make sure you have enough funds available in your monthly budget. Simply complete the online application form, lenders will do soft search on your credit score file. On top of searching your credit score , there will be affordability checks on your current financial situation. Written quotations for motorcycle finance we be supplied online to you. The motorcycle finance application individually will be assessed. Upon a successful application you will be given a credit agreement.
Are motorcycles hard to finance?
A motorcycle loan does require a minimum credit score; but the better credit scores, the more chances you will qualify for the lowest representative apr possible. A higher credit score generally translates to lowering the interest rates, and thus, reducing fees throughout the loan's lifetime.
What credit score is needed to finance a motorcycle?
The credit score needed for motorbike finance varies with finance lenders. Some loan providers are able to offer motorbike finance options even if you have bad credit scores. We always advise to keep your credit scooter as good as possible
Using the finance calculator
You can use this calculator to work out approximately your monthly payment for motorbike loans. Choose a credit score and type in the total amount you want to borrow and the period of monthly repayments of the loan. You can see roughly what your motorbike finance agreement costs each month. Remember, we are not a lender or credit broker. The finance figure supplied is primarily an estimate so this may not correspond exactly to what you will pay. You do not need to pay us a purchase fee. We receive a commission payment from the lender. We'll take individual circumstances into consideration for new bike finance, to give you a customised and free quotation without effecting your credit score.
Other Useful Information
As we mention above, we work closely with a range of lenders who provide finance options, specifically in motorbike finance. Although we have these close relationships, any vehicle finance applications you make are with that company, and not us. We will only pick things up again once the loan has been agreed. Much like with our insurance assistance, we act as something of a middle man to make the process of finding a finance agreement as simple as possible for you.
Although each lender will have their own specific terms and conditions, one important thing remains reasonably consistent across the board – what happens if you crash. Granted, this isn't something many people want to think about, but it's always important to know where you stand in the event of a crash.
If your new motorbike is repairable then this is dealt with as usual. Some finance companies may want to know you've been involved in an accident, but this will depend on the company. If your motorbike is written off in an accident however, then they'll need to know. If the motorbike has still finance provided this will need to be repaid by your insurance company before you receive any pay out. For this reason, it might be worth considering a fully comprehensive insurance package on a financed motorbike.
Once you've paid back the total cost in your motorbike finance deal, then the motorbike is yours. Bear this in mind when setting your monthly repayments, because if you set it at the maximum of 60 months then you need to expect to get 5 years’ worth of use out of the motorbike. If you don't plan on using it for that long, then choose a shorter, but more expensive repayment plan. But as ever, make sure you can actually pay it back the bike finance. You will need to be a UK resident. If you don’t pay back in time and have missed payments there will be late repayment fees. You can get independent advice about your motorbike finance agreement from money advice service and citizens advice.
