Where to find the best new motorbike credit?
Several options are possible when you want to finance a new motorbike on credit:
- Opt for a motorbike credit online
- Choose a motorbike loan in a concession
- Apply for a motorbike loan from your bank
Online motorbike loan agencies generally represent the best alternative for limiting interest. Our experience in the comparison of loans shows that bank rates rarely compare with those of specialists such as Bankrate, Bank or Yapbank. These large credit organizations indeed offer suitable solutions. Their 100% online experience above all makes it possible to deliver an immediate response online, without obligation. A good way to get an idea of the state of the market. It is still necessary to have the reflex to go through a comparator.
You have to select “new auto loan (- 2 years)” on our credit comparator to access the best car or motorbike loan rates.
Good to know: you must provide a vehicle order form to obtain a new or used motorbike credit, on the same principle as the car credit simulation. The motorbike loan is sometimes integrated into the auto credit comparison at organizations.
Best motorbike credit: why compare rates?
The best credit is generally the property of credit organizations, but not all of them display attractive rates. The rate can indeed vary depending on the amount of the bike, but also the repayment period. It can also be a matter of the organizations’ commercial choices, some of them displaying temporary promotions, for example. Connected to the largest financial organizations, our auto or motorbike credit comparator bases its ranking only on the basis of the APR rate.
Example of a new motorbike loan online
A simple simulation of 10,000 USD over 36 months from our comparator shows how variable the APR rates are.
Our auto/motorbike credit comparison leads to an immediate response in principle. Three simple steps allow you to access this first opinion without obligation:
- Fill out a non-binding form, taking care to indicate your situation and your need (amount/duration of reimbursement).
- Note the rate of the best credit organization, as well as the immediate response of the organization, ranked first.
- Receive the answer immediately, while having the possibility of asking the opinion of the organizations classified in 2nd and 3rd position in case of negative opinion at the best rate.
Allowing you to definitively validate the conditions found on our comparison engine. It then only remains to collect the supporting documents mentioned in the contract, to verify that it is indeed the best motorbike credit and to return the duly completed documents.
Best used motorbike credit
There are two solutions to buy a used bike on credit:
- Go through a used car/motorbike loan
- Opt for a personal loan without proof of use
Credit organizations obviously offer used car or motorbike credit solutions. The rates are slightly less attractive than those of the new market. It is still more interesting to opt for a second-hand motorbike loan rather than performing a personal loan simulation without proof. Motorcyclists wishing to buy a second-hand vehicle via a second-hand motorbike loan must, however, provide a compulsory order form. This document reassures the lender about the project. However, all projects whose outlines are well defined are more likely to result in a low rate proposal.
You have to select “used car loan (- 2 years)” on our credit comparator to access the best second-hand motorbike loan rates.
The motorbike loan without proof to be provided
Sometimes it is impossible to provide proof of purchase to the financial institution. This is particularly the case when the vehicle is offered by an individual. In this case, the personal loan is the most suitable for financing the machine. Without proof of use of funds, this type of loan is one of the most flexible. The amounts can reach 75,000 USD, the maximum authorized under the personal loan (see law). The repayment tenure is as important as in the case of a new motorbike loan.
What about the motorbike LOA?
Some dealers now offer LOA solutions for motorbikes. The principle is to access a recent racing car by paying rents calculated on the basis of a kilometer package, by choosing whether or not to include maintenance and any additional guarantees. It is possible to buy the motorbike at the end of the contract, subject to paying the amount defined in advance. If necessary, the motorbike goes back to the dealer, who then offers to start on a new LOA formula. Very popular for cars, these LOA solutions are often more expensive than the classic car or motorbike loan. This is in any case what is calculated in our opinion on the LOA.
It is also difficult to estimate upstream the number of kilometers that one will travel at the wheel of his machine. However, in case of exceeding the fixed price defined in the contract, the note is very salty. We prefer to opt for a credit purchase and resell the vehicle after two or three years to settle the loan and consider a new purchase rather than engaging in an LOA.