Motorbike Loans
Motorbike loans for all types of bikes, including road bikes, trail bikes and dirt bikes as well as scooters, quad bikes and ATV's. Whether you're purchasing from a dealer or a private seller, or if the bike is new or used, we have motorbike loan options to suit your needs.
Motorbike Loan Options
When it comes to financing your motorbike, you have three loan options to choose from:
- Secured motorbike loan
- Unsecured motorbike loan
- Business motorbike loan
1. Secured Motorbike Loans
A secured motorbike loan is the most popular type of motorbike finance for purchasing both new and used bikes. The bike is used to secure the loan. In other words, the motorcycle is used as collateral. Using an asset as security against a loan reduces the risk to the lender and therefore you are offered a lower interest rate.
2. Unsecured Motorbike Loans
An unsecured motorbike loan is a great option for purchasing older or unique motorbikes. It is also beneficial when buying a bike through a private sale. However, because the loan is unsecured, the interest rate is typically higher compared to a secured loan.
3. Business Motorbike Loans
To be eligible for a business motorbike loan you must have an ABN. The other major eligibility criteria is that the bike must be ridden for work purposes. Most business motorbike loans are structured as a chattel mortgage where the bike is used as security against the loan. This type of loan attracts a very competitive interest rate and business owners can access potential tax benefits.
Motor Bike Finance Calculator
Our easy to use motor bike finance calculator is on hand to help you estimate your loan repayments. All you need is the finance amount, interest rate and finally the loan term.
Enter the amount of finance you require, less any deposit. You can also include other expenses, such as insurance and accessories in the loan amount. Accessories cover items such as leathers, helmet, top boxes and tail bags.
An estimate of your interest rate. Three main factors determine your interest rate. Firstly your credit history and credit score, secondly your work and living circumstances and lastly the age and type of bike you are purchasing.
Finance term in years. The longer the term, the smaller the repayments will be and the easier it will fit into the budget. When deciding on your loan term keep in mind that extra repayments can be made off the loan without penalty.
Apply for a Motorbike Loan
We offer a quick and easy finance application process to help get you on the road fast, with most motorbike loans approved within 24 hours. With over 40 lenders, our job is to match you with the best lender to suit your individual financial circumstances. This ensures that you get the lowest interest rate and the best motorbike finance package available to suit your needs.
Ready to apply for a motorcycle loan? Simply contact one of our AAA Motorbike Finance Specialists today. Call (07) 5493 1222 to apply over the phone - it only takes 5 minutes. Alternatively simply fill out the online enquiry form and we will be in touch shortly.
There is also the option of obtaining a pre-approved bike loan. Getting a pre-approval secures your funds and boosts your negotiation power for your new purchase, giving you peace of mind.
Whether you want to ride through the city streets, cruise through the open countryside or go off-road on the trail bike circuit, we can make your dream a reality, with low-cost motorbike finance tailored to you.
Riding a motorcycle can be exciting but it also has its safety concerns. Brush up on the road rules to ride safety and legally on NSW roads.
