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Motorcycle loan calculator

Motorcycle loan calculator

Monthly payment on a new or used motorcycle, with tax, fees and your trade-in. Free, no signup.

$
$
$

Credit

Scores 660 to 719. The rate fills in; change it if you have a quote.

Term

%
%

The state rate. Add your county and city tax.

$
$

Estimated payment

$351/mo

48 months at 6.9% APR

Car price
$15,000
Sales tax
$900
Fees (doc, title, plates)
$300
Down and trade-in
−$1,500
Amount financed
$14,700
Total interest
$2,164
Total cost
$18,364

An estimate, not an offer of credit. Your rate depends on your credit and the lender.

On this page

How motorcycle loans work

Motorcycle loans are shorter than car loans, usually 24 to 72 months, and rates run higher because bikes are riskier collateral. Dealers often offer maker-subsidized rates on new bikes, so ask.

A worked example

A $15,000 motorcycle with 6% tax, $300 in fees, $1,500 down, at 9.9% for 48 months:

  • Tax: $900
  • Amount financed: $14,700
  • Payment: $372.12 a month

What rate to use for a motorcycle loan

Lenders price motorcycle loans their own way, by the loan size, the motorcycle's age and your credit. The credit chips start from car loan averages as a rough guide: type the rate your lender quotes for the real number.

Common questions

What credit score do I need for a motorcycle loan?

Many lenders approve scores in the 600s, but the best rates go to 720 and up.

How long can I finance a motorcycle?

Usually 24 to 72 months, sometimes 84 on larger touring bikes.

Should I include gear in the loan?

Some dealers roll in gear and accessories. It raises the payment and you pay interest on it for years, so pay cash for gear if you can.

Sources

  1. CFPB: Auto loans, key termsconsumerfinance.gov
  2. CFPB: Auto loan guide (PDF)files.consumerfinance.gov
  3. FTC: Financing or leasing a carconsumer.ftc.gov

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