Whether you’re commuting to work or chasing weekend thrills, motorcycles are a very popular mode of transportation. With uncertain gas prices and the freedom of the open road calling, it’s no wonder that more and more people are turning to bikes for practicality and pleasure.
And the best part? Getting on two wheels is easier than ever, thanks to a growing number of motorcycle loans designed for both new and used bikes. Whether you’re eyeing a sport bike, cruiser, or something vintage, understanding how to finance a motorcycle can help you ride with confidence.
What Sets Motorcycle Loans Apart from Auto Loans
While motorcycle financing and auto loans may seem similar, there are a few key differences to be aware of when considering a bike loan:
- Loan Terms: Motorcycle loans typically offer shorter repayment terms than traditional auto loans—usually between 24 and 60 months.
- Interest Rates: Due to the perceived higher risk, interest rates on bike loans can be slightly higher than those on car loans.
- Down Payments: Some lenders require a down payment of 10% or more, though terms vary depending on your credit score and the type of motorcycle.
- Credit Requirements: A strong credit history can help you secure better rates, but even riders with fair credit can find competitive motorcycle financing options by shopping around.
Whether you’re purchasing a new or used bike, comparing motorcycle loan offers is essential to getting the best deal.
Already Have a Motorcycle Loan? Let’s Talk About Refinancing
Once you’ve ridden off the lot and the initial excitement settles, it’s worth asking: Is your current loan giving you the best deal possible? Many buyers accept dealer-arranged financing without realizing they could be paying more than necessary in interest over time. That’s where refinancing comes in.
At Gravity Lending, we specialize in helping motorcycle owners refinance their existing loans—often securing lower interest rates, better terms, or reduced monthly payments through our trusted network of lenders.
Why Refinance Your Motorcycle Loan?
- Lower Your Interest Rate: Dealers often mark up interest rates. Refinancing with a competitive lender may cut your rate significantly.
- Reduce Your Monthly Payment: A lower rate or longer term can free up cash in your monthly budget.
- Pay Off Your Loan Faster: Better terms can allow you to get out of debt sooner and own your bike outright.
- Improve Your Financial Flexibility: Refinancing can help you align your payments with your current lifestyle or financial goals.
Refinance Smarter with Gravity Lending
The sooner you explore your refinancing options, the more you can save. Even if you’ve only had your motorcycle loan for a few months, refinancing could still make financial sense—especially if your credit has improved or if current market rates are lower than when you bought your bike.
You’ve already found the motorcycle. Now let us help you find a better loan. At Gravity Lending, we make the refinancing process simple, transparent, and completely online. There’s no obligation, and you can get pre-qualified in minutes—without impacting your credit score.
Ride smarter. Pay less. Get pre-qualified today and take the first step toward your next adventure on two wheels!
* Motorcycle loans through Gravity Lending are available only in select states. Currently, we offer motorcycle loan options in the following states: AL, AR, AZ, CT, DE, FL, GA, ID, IL, LA, MA, MD, ME, MI, MO, MS, NC, NE, NH, NJ, OH, OR, PA, RI, SC, TN, VA, VT, WA, WI, WV, and WY. Availability is subject to change without notice.