Frequently Asked Questions(FAQ)

Does Financing a Motorcycle Build Credit?

Yes, financing a motorcycle can potentially help you build credit if you handle the loan responsibly. Timely and consistent payments can have a positive impact on your credit score over time, while missed or late payments can negatively affect your credit.

Can you finance a motorcycle?

Yes, many motorcycle dealerships offer financing options through partnerships with banks, credit unions, or other lending institutions.

Is it hard to get a motorcycle loan?

Getting a motorcycle loan is easy if you meet the lender’s requirements. Obtaining a motorcycle loan can vary in difficulty depending on several factors, such as your credit history, income, debt-to-income ratio, and the lender's specific requirements.

What is the best way to pay for a motorcycle?

The best way to pay for a motorcycle depends on your individual financial situation, goals, and preferences.  There are several ways  to consider when purchasing a motorcycle such as cash payment, financing through a motor loan, home equity loan or using a credit card.

What is the average motorcycle finance term?

The average motorcycle finance term typically ranges from 36 to 72 months, with 60 months (5 years) being one of the most common terms. 

About the Authors

Hysha Burgess

Written by: Hysha Burgess

Freelance Writer

Hysha Burgess is a freelance writer with years of experience covering personal finance topics such as credit, budgeting, saving and investment, debt management, and helping people achieve financial wellness and more.

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