Credit for motorcycle: how to request it?

The motorcycle loan works like that of all credit organizations. Note that it is actually the car loan that is used to finance his motorcycle, but it was renamed for the occasion. It is the same for the whole market, there is no specific motorcycle loan (except at dealerships) and it is the car loan which is declined to finance very many vehicles.

Motorcycle loan

Motorcycle loan

Before embarking on a financing request for a two wheeler, we advise you to read our specific article on motorcycle credit.

The main information on the motorcycle loan is:

  • Affected loan: proof of purchase of the motorcycle must be provided in the credit file
  • Amount: $ 1,500 to $ 21,500
  • Duration: 12 to 60 months
  • Be a customer (or become one)

As in most banks, a consumer loan is very difficult to obtain if you are not already a customer of the bank. And moreover it is better to be a good customer. And it will be the same with the motorcycle loan. On the other hand, it is possible to carry out a credit simulation but a priori not for all regions.

Motorcycle credit rate

Motorcycle credit rate

To be able to give an idea of ​​the motorcycle credit rate, we carried out a simulation for our Hauts de France region (access to the simulation). We have chosen a loan of $ 10,000 over 48 months, one of the most representative for a motorcycle loan.

Motorcycle loan rate: 4,074% credit cost: $ 1,125.92
Best motorcycle credit rate of our comparator: 2.95% cost of credit: $ 605.60

We can clearly see that it was possible to find better than the motorcycle loan offer for this region. Always be careful to compare well before committing to any type of credit. This is even more true during promotions which can be falsely interesting. Particularly with the loans offered by the dealers.