All About Financing a Motorcycle

If you hope to purchase your first-ever two-wheeled vehicle or want to upgrade your motorcycle to the latest model without breaking the bank, consider financing your bike. Financing helps you bring home your preferred bike without paying the entire amount in one go. Various lenders and financing institutions are available to help you purchase your specific vehicle, and you can repay them in convenient installments without making too many financial adjustments.

Here's a comprehensive guide to help you understand the financing process. Read on to learn more, and for more information, contact Kent’s Harley-Davidson®!

Obtaining a Motorcycle Loan

Banks, credit unions, online lenders, and even motorcycle manufacturers offer financing options for purchasing a motorcycle. Make sure you look around and compare loan offers from different lenders before making your final decision. This will help you find the best rates and terms that match your needs.

Credit Score Matters

Your credit score can make or break your chances of getting your preferred motorcycle crediting deal. You should take small steps to improve your credit score to get the best deal for your financial condition. Paying off small items and credit card bills can help significantly, and if you need more ideas, contact our finance experts at Kent’s Harley-Davidson®.

What Lenders Want to Know

When you approach a lender, they’ll require information to determine whether you qualify for their motorcycle financing offers. You’ll need to share your credit score and history, debt-to-income ratios, down payment, the age and quality of the motorcycle you hope to buy, the price and value of the model, and any trade-in information. Keep this information handy before your first meeting with the lender.

We hope we’ve eased some of your concerns. If you have more questions or want to speak with our finance experts, visit Kent’s Harley-Davidson®. We happily serve Abilene, San Angelo, and Brownwood, TX, so swing by today!