An Introduction to Motorcycle Financing

Making plans to purchase your first motorcycle? Congrats—motorcycle ownership is a unique experience that will offer you a number of unique perks and benefits! However, while motorcycles are cheaper than cars they can still come with some hefty price tags, and we recommend reading through our helpful financing guide below before you make plans to visit a dealership. 

Prep Your Finances

You don’t just want to apply for a loan without any prep or planning. To ensure you’re getting the best loan available, you’ll want to not only save up for a down payment but improve your credit score as well. While down payments can be anywhere between 10 and 15 percent of your model’s total sticker price, the higher your payment the better your offer is likely to be. If you have a credit score below 650, we strongly recommend taking some time to raise it up as much as you can. Thankfully, this can easily be done by regularly using your credit card and paying off the bill on time. 

Research Lenders 

Different lending institutions may offer you different financing options, so it’s important to compare your choice carefully. Generally speaking, you’ll have your choice of banks, credit unions, and your dealership. You’re also welcome to apply with more than one financial institution in order to directly compare your offers. Just be careful not to submit too many applications at one time, or you may damage your credit. 

To shop top-quality motorcycle models—and take advantage of affordable financing services—be sure to stop here at Roseville Motorsports! Our location here in Rocklin, CA is here to help you tackle all of your important motorcycle needs, and we’re always happy to serve those nearby in Sacramento, CA.