How Much Should You Put Down On A Motorcycle?

Most typical Harley-Davidson loans will require 10%-20% down.

This means that if you are buying a $10,000 motorcycle you should plan on putting $1,000-$2,000 down.

What is a good credit score to buy a motorcycle?

Most lenders require a credit score of 620 in order to get motorcycle financing.

Can I get a motorcycle loan with a 650 credit score?

If you have a low credit score, it may be difficult for you to get motorcycle financing from the vast majority of motorcycle dealers or through most banks. Although low credit score loans for motorcycles can be found, they also typically come with very high interest rates.

How many miles can you ride a motorcycle in a day?

For most motorcycle enthusiasts, riding 1,000 miles in 24 hours or even 1,500 miles in 36 hours isn’t too tough of a challenge, but if you’ve never ridden further than 400-500 miles in a day, then two consecutive days of 500 mile trips could really put you over the edge.

Can you make monthly payments on a motorcycle?

Put down a little cash and then make low monthly payments until your bike is paid off or until you decide to apply for financing your used motorcycle. This is a convenient way to have a payment plan for your used motorcycle and soon you will be riding completely payment free.

Can I get a motorcycle loan with a 700 credit score?

The short answer is that a credit score of 700 or better can make it easier to get approved for credit cards, loans and lines of credit. A score in this range suggests that you know how to use credit responsibly. You pay your bills on time and you don’t take advantage of all of the credit that is available to you.

What credit score do you need to buy a Harley?

According to, credit scores range from a low of 300 to a high of 850, with 620 generally recognized as the cutoff for good credit. However, with Harley-Davidson dealers using a variety of lenders, it is possible to be get credit with scores under 620.

What credit score is needed to buy a ATV?

What’s the minimum credit score for an ATV loan? You can generally find ATV financing options for all credit score ranges. However, you’ll generally get a better deal if your credit score is above 670 — what most lenders consider to be “good credit.” You’ll have even more options if your score is 740 or higher.

How long are motorcycle loans usually?

You’ll get a loan term, from one year up to six years, where you pay off the cost of your ATV in monthly installments, plus interest and any fees. When you consider financing an ATV or motorcycle, take advantage of Mountain America’s flexible lending period, as long as 72 months (or six years)1.

What is a good interest rate for a motorcycle loan?

What finance/motorcycle loan interest rate do you qualify for? 3.95% is based on average credit score. How quickly (in months) do you plan to pay off the motorcycle loan? Typically loan terms are offered at 36, 48 and 60 months.