How to Get Financing for a Motorcycle With Guaranteed Approval

Written by shanan miller
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How to Get Financing for a Motorcycle With Guaranteed Approval
Secure your motorcycle financing. (motorcycle image by Goran Bogicevic from

You can guarantee a motorcycle loan by securing a loan before you start shopping. This way, the bank lets you know what your lending conditions are, and you can decide if you can meet all bank requirements. You might find that you are limited a certain finance dollar amount, or even motorcycle year and mileage. Secure your loan and know your restrictions so that your shopping experience is hassle free.

Skill level:
Moderately Easy


  1. 1

    Contact or visit a local bank to apply for a motorcycle loan. Consider using a bank that offers competitive rates, like a local credit union. Use the bank that you have your accounts with, if you prefer.

  2. 2

    Let the bank representative know that you want to obtain a pre-approval for a motorcycle loan. Provide your personal information, such as social security number, date of birth, your gross annual income and any additional requested information, which differs by bank.

  3. 3

    Discuss your finance options with your bank representative to decide the conditions of the loan you want to apply for. Many banks have lending minimums for the amount you take out along with minimum monthly payment requirements so be sure to clarify. Discuss terms and rates for different terms; apply for the best loan to suit your needs.

  4. 4

    Wait for your approval, which is either immediate or can take up to several days. Discuss the motorcycle guidelines if you are approved. Find out what year motorcycle you are allowed to purchase and if there are mileage restrictions. Find out if there are any lending minimums, meaning you have to finance an amount over the banks minimum requirements.

  5. 5

    Apply elsewhere for a personal loan if you are not approved. Taking out a personal loan lifts motorcycle restrictions or other difficult lending requirements. Wait for your approval, and shop once you are guaranteed.

  6. 6

    Use a co-signer if you aren't approved for a personal loan; someone who applies for the loan with you using his own credit score and history. Proceed with your motorcycle shopping once you have your pre-approval this way; your co-signer has to sign all paperwork with you after you find your motorcycle.

  7. 7

    Find your motorcycle and return to the bank to provide your motorcycle information, if taking out a loan specifically for a motorcycle. Sign all of your paperwork to obtain a check made out to the seller. Sign all of your paperwork for a personal loan---you do not have to supply motorcycle information---and retrieve the loan money from your bank account to give to the seller.

Tips and warnings

  • Consider applying for a loan at the motorcycle dealership. A dealer often uses several banks specifically for motorcyle financing.
  • Shops the rates of different lenders before applying by visiting the lenders website.

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