Motorcycles tend to be significantly cheaper than new cars, the average new car cost $41,066 in 2021.1 However, motorcycles are still a very large purchase. Lightly used motorcycles with under 10,000 miles on them typically sell for $3,000 to $6,000.2 But if you’re looking for a brand-new bike from a major brand like Harley-Davidson, you should expect to spend much more. The cost of a new 2021 Harley-Davidson can be over $20,000.3
If you don’t have the money saved to pay in cash or don’t want to take so much money out of the bank at once, motorcycle loans are another option. Whether you want to buy a used or new bike, there are several motorcycle loan lenders that can help you finance your next purchase.
We researched 18 different motorcycle and personal loan lenders to identify the best financing options. Each company was evaluated for its loan amounts, interest rates, funding speed, and credit score requirements. Here are our top picks.
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