Motorbike Finance – Understanding Your Options

Buying a new motorcycle is not a small investment. Some motorbikes, especially the top models can cost a lot. When we think about the cost of a new bike, the first thing we have to consider is how we are going to finance the investment. There are a lot of different options available, you just have to choose one that best suits you. This article will discuss the best options and some of their advantages.

Online Lender

If you are planning on looking at online lenders, go to and see what they can do for you. The reason why online lenders are popular is down to convenience. There is nothing easier than going online, searching for a lender, filling out an application, and waiting for a quote. You will even find that most online lenders over unsecured loans, so you can borrow money for a new motorcycle without having any collateral.


Another option you can use if you do not go with an online lender is through the dealership. The dealership where you purchase the motorcycle should have a finance department that looks at clients. Financing your motorbike through the dealership has many benefits. Everything is handled at the shop and you can organise a repayment package that suits you. Using the dealership to finance your purchase is convenient as they will have everything sorted within a couple of hours.

The only thing you have to remember with this option is that you may be subject to higher interest rates and a shorter repayment period.


When riding a motorcycle, it is important to consider your safety. You will need to invest in riding equipment and motorbike insurance before you hit the road. Using cash you have saved up is another way to finance your new motorbike purchase. If you have money lying around or you have time to save it, there are several benefits to buying a motorcycle with cash.

  • There is no interest on your purchase
  • The motorcycle belongs to you
  • You will have extra money

Although there are many advantages to buying a bike using cash, it also has some downsides. If you do not have access to money straight away, you will have to wait until you save up. This could take several months or even years, depending on your situation.

Bank or Credit Union

Using traditional financing options like a bank or credit union is also popular with buyers. They are similar to online lenders but sometimes they offer better rates. The biggest downside to using a bank or credit union is time and approval rates. These money lending institutions ask for a lot of information and it takes time to have your application processed.

As you can see, there are many options available to buyers who wish to invest in a new motorcycle. We all know that cash is generally king, but it does have its downsides, the main one being it can take a long time to save a sufficient amount. Other financing options give you access to a new bike without a substantial initial payment.