Personal Loans

Dirt Bike Financing And Loan Options In 2023


Ready to hit the dirt trails on your dream motorcycle but the price tag’s a hurdle? Motorcycle loans are your ticket to making it happen. This guide breaks down how these loans work, whether they’re secured or unsecured, and even how to compare them. It’s your roadmap to owning that sweet ride you’ve been eyeing.

Are you eyeing that sleek dirt bike, but the sticker price seems out of reach? Motorcycle loans are the key to turning your two-wheeled fantasies into a reality. This guide unveils the mechanics of motorcycle financing, offering insights into secured and unsecured loans, manufacturer financing, and comparison tactics. Explore the realm of dirt bike and motorcycle loans and saddle up for a thrilling ride toward owning your dream machine.

How do dirt bike loans work?

Dirt bike loans serve as your pathway to bike ownership, especially if the upfront cost is beyond immediate reach. These loans encompass a spectrum of interest rates and terms determined by factors such as lender choice, loan amount, credit score, income, and whether the loan is secured or unsecured.

After securing the loan, you’ll embark on a journey of repaying it through fixed monthly installments, each accompanied by interest.

Secured dirt bike loans vs. unsecured dirt bike loans

Understanding the distinction between secured and unsecured loans is pivotal when navigating your financing journey. Secured loans, offered more commonly by traditional banks and credit unions, often boast lower interest rates as they’re backed by your dirt bike as collateral.

Secured loans might necessitate a down payment, reducing the loan amount and overall interest accrued. Conversely, unsecured loans are shaped by your creditworthiness rather than relying on collateral. These loans are prevalent among online lenders, offering pre-qualification options without affecting your credit score.

How to compare dirt bike loans

Effective comparison of motorcycle loans necessitates scrutinizing key elements:

Weigh the Risks and Benefits

Here is a list of the benefits and drawbacks to consider.

  • Varied lender options tailored to credit score
  • Secured loans offer lower interest rates
  • Manufacturer financing can provide competitive rates
  • Unsecured loans may carry higher interest rates
  • Manufacturer financing might limit bike selection


Where can I get a dirt bike loan?

Dirt bike loans are extended by dirt bike manufacturers, banks, credit unions, and online lenders. Cast a wide net to secure the most favorable rate.

How do I get a loan for a dirt bike?

Initiate your loan journey by comparing various offers. Upon selecting a suitable option, submit an application accompanied by documents such as W-2s and pay stubs. After approval, funds are typically disbursed within a week, offering a seamless transition toward bike ownership.

Can I get a dirt bike loan with bad credit?

While minimum credit score requirements differ, select lenders specialize in unsecured loans catering to borrowers with bad credit (FICO score of 629 or lower). Optimal credit scores (690 or higher) yield lower rates, ensuring a financially favorable deal.

How long are dirt bike loans?

Loans for dirt bikes generally span two to seven years. Longer terms result in lower monthly payments but increased interest over time.

What are dirt bike loan rates?

Unsecured personal loan rates from online lenders range between 6% and 36%, while secured loans often feature lower rates. Federal credit unions cap interest at 18%. Pre-qualifying with platforms such as Super Money, can provide rate estimates without impacting your credit score.

Key takeaways

  • Dirt bike loans enable bike ownership through financing.
  • Secured loans leverage collateral for lower interest rates.
  • Unsecured loans cater to creditworthiness and are available online.
  • Manufacturer financing offers competitive rates through dealers.
  • Comparing lender requirements, APRs, and repayment terms is essential.
View Article Sources
  1. Personal loans – Consumer Financial Protection Bureau
  2. Vehicle loans – The Educational Federal Credit Union
  3. Motorcycle title loans – Supermoney