Options For Financing Your Motorcycle Or ATV Purchase

So you are considering purchasing a new motorcycle or ATV, but what are the available options for financing your new purchase? Well unlike an auto loan, a motorcycle loan is deemed as a much more risking investment for banks and as a result there are not as many options available as in the automotive market.

The goal of this article is provide you with an understanding of the available options for financing a new or used motorcycle and ATV. Below, you will find the various options along with some key facts about the lender.

1. Online Motorcycle And ATV Lenders:

On the internet you will find a variety of lenders offering motorcycle loans. These lenders are normally national lenders and can have some of the most favorable rates because they have set up their operations to be very efficient and maintain a low cost structure. This is a key advantage to you as an ATV or motorcycle buyer.

Online motorcycle or ATV lenders typically offer installment loans with simple interest. This is different to what many manufacturers offer such as Kawasaki Finance who offers credit card financing for your motorcycle or ATV purchase.

To find a complete list of top online motorcycle lender where you can submit a free application check out "Finding Onine Motorcycle Loans For Good And Bad Credit".

2. Suzuki Finance:

Suzuki financing is a partnership between Suzuki and HSBC bank, and offers both new and used installment and credit card loans through authorized Suzuki dealers. Some loans from Suzuki Finance can also be used to finance non-Suzuki bikes incase you have trouble getting approved for a loan and really want another brand bike.

3. American Honda Finance:

American Honda Finance offers two forms of loans. The first is a credit card loan similar to Suzuki, but it is a partnership between Honda and GE Money, a division of General Electric. The second type of financing offered by Honda is an installment loan which is actually underwritten by American Honda Finance. Honda typically does not allow other brands on its financing plans.

4. Yamaha Finance:

Yamaha Finance works with both HSBC Bank and GE Money in offering loans for its products. It also offers loans on other brands such as Suzuki, Kawasaki or Harley. Though HSBC Yamaha offers credit card financing and though GE Money it offers installment financing. The GE Money installment financing is more heavily focused on Yamaha Star cruiser models.

5. Kawasaki Financing:

Kawasaki Financing is very similar to Suzuki. Kawasaki works exclusively with HSBC Bank in offering installment and credit card financing. Kawasaki Financing typically is more heavily weighted towards credit card financing versus installment financing.

6. Harley-Davidson Financial Services:

If you are considering purchasing a Harley Davidson, then Harley Davidson Financial Services is another source you can use after you get comparison quotes from an online motorcycle loan. Harley-Davidson does not offer private label credit card financing so your only option will be installment financing.

So in the end finding a bank to finance a motorcycle can be a little more difficult than a car. However, as you can see above there are plenty of sources available for good and bad credit motorcycle loans.