Finance Options
At Bikerloans we try to get you the best deal whatever your circumstances. We can help you purchase your new bike even if you’ve been declined elsewhere. Whether your buying new or used, from a dealer, online or privately anywhere in the UK. We offer two finance options available to homeowners, tenants, customers living with parents, HM forces and self employed customers. Please take a look at our guide to financing a motorcycle to help you decide what’s best for you:
Motorcycle Finance
Bikerloans offer competitive bike finance deals for most motorbikes and scooters over 125cc min loan £1500, new or used. Dealer purchases only, finance secured on the bike. All bikes must be road legal, normally under 10 years old, some exceptions apply for modern classic and prestige machines. Motorcycle finance is available to customers over 21 yrs old, (Guarantor may be required). You need to have either a full bike licence or a CBT for 125cc machines. Typically a 5% deposit is required, finance amount is based on the retail value of the bike, Max £15,000. Loan terms 24, 36 and 48 months. To be accepted for bike finance you should be on the electoral/ voters role. Some past adverse credit is usually OK.
Motorcycle Loans
Suitable for Private Sales, off road machines, quad bikes, older and lower value motorcycles. Minimum Loan value £250. Loans are unsecured and available to anyone over 18 years old. No deposit is required and because it’s a loan you can include motorcycle accessories, helmets etc plus training for CBT or Direct Access. Loan terms 12, 24, 36 and 48 months.
Compare Bikerloans finance options
Quick Guide | Motorcycle Finance | Unsecured Loan |
---|---|---|
Min Age | 21 yrs old | 18 yrs old |
Homeowners | Yes | Yes |
Tenants | Yes | Yes |
Living with parents | Yes | Yes |
HM Forces | Yes (With electoral/voters roll) | Yes |
Self Employed | Yes | Yes |
Bike Licence | Min CBT for 125cc | Not Needed |
Deposit | Normally 5% Cash or p/ex | None |
Loan Amount | £1500- £15’000 | £250- £25’000 |
Loan Term | 12- 60 Months | 12- 60 Months |
Secured | On Bike Only | Unsecured |
Purchase Type | Dealer Only | Any |
Purchase Extras | No bike only | Yes |
Adverse Credit | Some OK | Some OK |
Voters Role | last 3 yrs | Current |
Address Proof | Yes | Yes |
Income Proof | Yes | Yes |
Write a comment: