9 Bad Credit Motorcycle Loans

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If you’ve always wanted to own a motorcycle, your credit score doesn’t have to get in the way of bringing that goal to fruition. More than 8% of all U.S. households have at least one motorcycle.

While buying a motorcycle can often be cheaper than buying a car, you still may need to finance the purchase. If you have bad credit, this could present some challenges with traditional lenders like banks. Plus, some lenders may not offer motorcycle loans at all.

Your first step is to find a lender who offers motorcycle loans or a general personal loan that you can use for any purchase. Then make see if they have financing options for bad credit. Consider starting with some of these trusted options when looking for bad credit motorcycle loans.

1. myAutoloan

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  • Loan Amount
    $8,000 – $100,000
  • APR
    3.69 – 21.00%
  • Loan Term
    24 – 72 months

MyAutoLoan.com is an online dealer network that will connect you with quality lenders in seconds. While they don’t specialize in bad credit motorcycle loans, they still have a massive network of local dealers who can finance your loan.

You’ll need at least a 550 credit score and a minimum gross annual income of $21,000 to qualify.

2. MotorCycleLender.com

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  • Loan Amount
    Varies
  • APR
    Varies
  • Loan Term
    Varies

MotorcycleLender.com is a trusted source for getting a motorcycle loan with rates as low as 6.99%. Even if you don’t qualify for low rates due to having bad credit, they have flexible requirements and encourage anyone to apply. Get instant approval by filling out a form on the website which won’t affect your credit.

You can borrow up to $40,000 and loan terms range from 3 to 5 years. MotorcycleLender.com offers unsecured fixed-rate loans so there’s no collateral and you won’t have to worry about your interest rate increasing.

Once your loan is approved, you’ll get the cash deposited to your bank account in as little as 48 hours. From there, you can take your cash to the seller and negotiate on a fair price for your motorcycle.

3. Harley-Davidson

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  • Loan Amount
    Varies
  • APR
    Varies
  • Loan Term
    Varies

Harley-Davidson is one of the most popular motorcycle manufacturers around. Whether you’re looking for a street bike, electric bike, or a cruiser, Harley-Davidson offers to finance for new and used motorcycles.

You can fill out a quick application online to start the process. When it comes to getting a motorcycle loan with bad credit, they take other factors into account when approving an application.

Even if you don’t receive an approval through the online system at first, Harley-Davidson recommends you follow up with the dealership. It seems like they are more than willing to work with you and discuss alternative options that may help get you on the road with your bike.

4. CashUSA.com

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  • Loan Amount
    $500 – $10,000
  • APR
    Varies
  • Loan Term
    6 – 72 months

CashUSA.com accepts all credit types and you can borrow up to $10,000. Loan funds can be used for any purchase since CashUSA.com offers personal loans.

Your interest rate may vary between 5.99% and 35.99% depending on your credit. While you can expect to pay a higher interest rate with bad credit, the lender offers you receive will have your loan fees upfront. That way, you can know exactly what you’d be paying before you agree to a loan.

Once you do accept a loan offer, the funds can be in your account as soon as the next business day.

5. PersonalLoans.com

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  • Loan Amount
    $500 – $35,000
  • APR
    Varies
  • Loan Term
    3 – 72 months

With PersonalLoans.com, you can borrow anywhere from $5,000 to $35,000 and terms go up to 72 months. Unlike payday loans, personal loans for bad credit have less risk.

PersonalLoans.com works with all credit types and offers installment loans. This means you can pay your loan off at a fixed rate and with a reasonable term.

PersonalLoans.com measures several factors of your financial situation to approve your loan request.

6. BadCreditLoans.com

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  • Loan Amount
    $500 – $5,000
  • APR
    Varies
  • Loan Term
    3 – 60 months

Like this site’s name suggests, BadCreditLoans.com specializes in helping people who have bad credit secure loans. This is another dealer network site that can quickly connect you to a lender for your bad credit motorcycle loan.

You can borrow anywhere from $500 to $10,000 and repayment terms range from 3 to 36 months. Once you accept your terms and choose a lender, you can receive funding as soon as the next business day.

7. LendingTree

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  • Loan Amount
    Varies
  • APR
    Varies
  • Loan Term
    Varies

LendingTree is a one-stop-shop for different types of loans you may need. They make it easy for you to shop around and compare offers from lenders who would be a good fit for your current needs.

Compare live loan rates in your area once you fill out their brief quote form. It’s important to realize that LendingTree is not a bank or an individual lender. Rather, they are a lending network that will connect you with relevant offers.

From there, you can contact the lenders you find and continue the application process with them to secure your motorcycle loan. LendingTree just saves you time in the process by consolidating all the best offers for you.

8. Bright Power Sports

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  • Loan Amount
    Varies
  • APR
    Varies
  • Loan Term
    Varies

Bright Power Sports is headquartered in Michigan, but you can purchase a motorcycle from their dealership inventory by checking out their website online.

Bright Power Sports also offers financing options and works with all types of credit. If you have bad credit, no credit, or bankruptcies, you’re still encouraged to apply.

Start by filling out a pre-qualification form online. Once your information is received, you’ll be matched with a lender who offers the best terms and rates that you qualify for. When you have a lender, you’ll be prompted to complete the application process and choose your vehicle.

9. RideNow Power Sports

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  • Loan Amount
    Varies
  • APR
    Varies
  • Loan Term
    Varies

RideNow is one of the nation’s largest power sports dealer groups. They sell motorcycles of all types, ATVs, and recreational vehicles.

You can get financing right on their site by filling out a quick online application. You’ll need to include your employment information and a few references on the application form.

Another option for borrowers with bad credit is submitting a joint application. If you know someone who can co-sign your loan, this can help increase your approval rate.

Summary

Purchasing a motorcycle is a sizeable expense so don’t count out your loan options even if you have bad credit. When it comes to getting a bad credit motorcycle loan, you can choose from third-party lenders, dealers, or even personal loan sites. While some dealers may not finance motorcycles, working with a dealer network like MyAutoLoan.com can help you find the ones that do fast.

You’ll save time by getting multiple quotes from a single online application. If you prefer a shorter loan term, consider personal loan options as well. LendingTree will help you comparison shop so you can compare rates and terms before making your final decision.