What are the main types of motorcycle finance available in the UK?
Motorcycle financing is a good way to spread the cost of the vehicle over some time. Thus, you can buy the desired bike without paying the full price.
The following types of motorcycle finance are currently available in the UK:
- Personal loan from a bank or financial company. The borrower can take a certain amount of money on credit to buy a motorcycle, repaying it monthly during a certain period
- Hire Purchase (HP) involves paying a deposit and then making fixed monthly payments. It is worth paying attention that in the case of installments, ownership of the bicycle is transferred upon payment of all payments.
- Personal contract purchase (PCP) is similar to an installment plan, but the monthly payment is slightly smaller. After the end of the contract, you can choose to pay a lump sum to take possession of the bike, return it, or exchange it for a new one
- Dealer financing includes individual financing packages adapted to a specific bicycle model (Yamaha, Suzuki, Honda, BMW). Dealers often cooperate with financial companies, offering various promotions and special offers.
- A bank credit card can also be used to buy 50cc, 125cc motorbike .
As an alternative, you can also take out a personal loan. Your possible expenses:
Personal loan calculations for 1 year (example)
| Amount, $ | Rate, % | Accrued %, $ |
| 5,000 | 7.40% | 200 |
| 5,000 | 8.40% | 228 |
| 5,000 | 9.40% | 255 |
| 10,000 | 9.50% | 515 |
| 10,000 | 10.50% | 569 |
| 10,000 | 11.50% | 623 |
| 20,000 | 11.60% | 1,257 |
| 20,000 | 12.60% | 1,365 |
| 20,000 | 13.60% | 1,473 |
| 25,000 | 13.70% | 1,855 |
| 25,000 | 14.70% | 1,991 |
| 25,000 | 15.70% | 2,126 |
How to get a motocross bike on finance?
We offer a short instruction that will help in the process of obtaining financing for a motorcycle.
Step 1: Determine your budget to estimate the acceptable level of monthly payments and other costs associated with buying and maintaining a motorcycle. In addition, it is worth determining the amount you are willing to provide as a deposit.
Step 2: Choose your motorcycle. Financing can be obtained for both a new and a used motorcycle of any model - sports motorcycle, cruiser, or scooter
Step 3: Research and compare financing options to find the best deal for you. On our website, you can use the following catalog of offers from banks and financial companies. Therefore, you can find offers with 0 financing. Be sure to check whether you meet the lender's criteria. Some lenders finance motorcycles with bad credit.
Step 4: Apply for financing online or at the lender's office. Be prepared to provide proof of identity, bank statements, and, if necessary, proof of income.
Step 5: Review the financial agreement, and familiarize yourself with all its terms - interest rate, possible fees, repayment terms, etc.
Step 6: Sign the finance agreement, make a deposit if necessary, take delivery of the motorcycle
Can I get a motorcycle loan with bad credit score in the UK?
Yes, some banks and financial companies issue guaranteed loans for the purchase of a motorcycle to people with a bad credit history or no credit check. However, credit terms will not be so flexible, you should expect higher interest rates and shorter credit terms.
Who offers 125cc motorbikes on finance?
Several dealers and finance companies in the UK offer finance options for 125cc motorbikes. Here are some of the key providers where you can find financing for 125cc bikes:
- Motorcycle Dealerships: Halfords, Fowlers of Bristol, Crescent Motorcycles
- Motorcycle Manufacturers: Honda Finance, Yamaha Finance, Kawasaki Finance
- Specialist Finance Companies: Superbike Loans, The Bike Insurer
- Online Marketplaces: MCN Bikes for Sale, Autotrader Bikes
- Credit Unions offer personal loans that can be used to finance a 125cc motorbike. This can be a good option if you prefer not to use dealer or broker financing.
- Personal Loans from Banks
Are there 50cc motorbike finance offers?
Yes, you can find finance offers for 50cc motorbikes in the UK. Various dealers and finance providers offer tailored finance packages for these smaller, learner-friendly bikes.
BMW motorbike finance in the UK
Financing options for BMW motorbikes in the UK are available through various dealers and financial institutions. BMW offers specific finance plans for their range of motorbikes, and other finance providers also offer tailored solutions.
BMW Motorrad offers in-house finance solutions for their range of motorbikes. This includes new and used models and typically features options such as Hire Purchase (HP) and Personal Contract Purchase (PCP).
Official BMW dealerships across the UK offer finance packages for BMW motorbikes. They can provide bespoke finance solutions based on your requirements.
Specialises in motorcycle finance and offers tailored packages for BMW motorbikes. They work with multiple lenders to find competitive rates.
If you prefer not to go through dealer-specific financing, you can consider personal loans from banks or credit unions. Lenders like Ratesetter and Zopa offer personal loans that can be used to finance a BMW motorbike.
