What is Motorbike Finance?

Motorbike finance lets you spread the cost of a motorcycle over an agreed term, rather than paying the full price upfront. You enter into a regulated finance agreement with a lender and repay the balance through fixed monthly payments that include interest.

The amount you pay each month will depend on how much you borrow, the length of the agreement, the interest rate offered, and your credit profile. Whether you’re financing a 125cc motorbike, upgrading to a larger model, or considering a flexible motorbike lease, the structure you choose should align with your budget and riding plans.
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How Do I Choose the Right Type of Motorbike Finance?

Choosing the right motorbike finance option depends on your budget, riding plans and whether ownership is important to you. Before entering a finance agreement, consider:

  • How much can I comfortably afford each month?
  • Do I want to own the motorcycle at the end of the term?
  • Am I comfortable with mileage restrictions?
  • Is my credit score strong enough to access competitive interest rates?
Hire Purchase (HP) Personal Contract Purchase (PCP) Leasing Personal Loan
Deposit required Usually Usually Usually Not always
Fixed monthly payment Yes Yes Yes Yes
Immediate ownership No No No Yes
Eventual ownership Yes Optional (with final payment) No Yes
Mileage restrictions No Yes Yes No
Secured (against the bike) Yes Yes Yes No
Options with a lower credit score Possibly (typically higher rates) Possibly (typically higher rates) Possibly (typically higher rates) Possibly (typically higher rates)

Motorbike Finance Calculator

Rates start from 9.9% APR. Representative Example: borrowing £7,500 over 48 months with a REPRESENTATIVE APR of 23.9%, an annual interest rate of 23.9% (Fixed) and a deposit of £0.00, the amount payable would be £234.76 per calendar month, with a total cost of credit of £3,768.48 and a total amount payable of £11,268.48. Rates may differ depending on individual circumstances. Rates from 9.9% APR: the exact rate you will be offered will be based on your circumstances, subject to status. No initial impact to your credit score, but a hard search will be added to your credit profile if you decide to proceed with finance.

What Affects Your Motorbike Finance Approval and Interest Rate?

When you apply for motorbike finance, motorcycle lenders assess more than just the bike you want to buy. Your eligibility and the interest rate offered are influenced by several financial factors. Lenders typically consider:
  • Your credit score and repayment history
  • Your income and affordability assessment
  • The amount you borrow and deposit size
  • The length of your finance agreement

Can I Get Motorbike Finance with Bad Credit?

It may be possible to access bad credit motorbike finance, although interest rates are likely to be higher. Motorcycle lenders consider several factors, including affordability, income and repayment history. Keep in mind:
  • Higher APRs may apply
  • A deposit may be required
  • Secured agreement such as HP or PCP may be more common
  • Missing payments could further impact your credit score
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Please note that not all applicants will qualify for a loan, and not all lenders offer the full range of loan amounts or terms shown. We provide a free loan comparison service and act as a credit broker, not a lender. We may receive commission or other fees from providers if you take out a product through our service.

You can check your eligibility with no impact to your score. Only once you decide to proceed with a specific finance option will a hard credit check be conducted, which may affect your credit score.

Please ensure that you can afford the repayments before taking out any form of credit. 

Warning: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk