Financing a motorcycle with fixed monthly charges
Never be stuck in a traffic jam again, enjoy the outdoors, together with friends on the road to your holiday spot: the freedom of motorcycling! Do you have a new engine in mind, do you want to replace your current engine or perhaps you want to buy a nice second-hand engine? There are quite a few costs involved. If you do not have it yourself, you can request a motorcycle loan from us! Our financing specialists arrange a loan form and repayment agreements that best suit your wishes and spending pattern. So that you can ride a motorbike carefree!
A smart loan for your motorcycle
A motor will quickly cost you a considerable amount: from 5000 - 8000 for a second-hand model to maybe 30,000 for a new motor with a lot of power. In general, the larger the cylinder capacity, the more expensive. It is therefore not surprising that not everyone has this in his or her savings account. If you would like to purchase a motorcycle without using your savings, you often have two options: borrow money from a provider such as M-Credit who can find the most favorable loan for you, or opt for financing the motorcycle through the dealer. . We actually always advise against the latter, because paying off in installments is always more expensive. For example, for a Personal Loan you may only pay 3.5% interest, while paying off in installments sometimes requires you to pay 14% interest! We are happy to help you find the right choice.
Why finance your motorcycle with M-Credit?
- Free quote via the website within one working day
- The lowest fixed interest in the Boston, from 3.5%
- Average customer rating of 9.2 out of 10
- Our team has various specialists in the field of motorcycle loans
- Your loan amount will be on your account within 2 days
What kind of loan suits a motorcycle?
Suppose you have an $ 8,000 motorcycle in mind. You also need about 1000 us dollars for protective clothing and a helmet. Your savings account has USD 4000, but you would like to save USD 2000 as a buffer for a broken washing machine, car problems, that sort of thing. That means that you would like to borrow 8000 + 1000-2000 = 7000 us dollars (excluding interest). A Personal Loan is often the ideal choice. You will also receive a fixed term and repayment period per month, so you know exactly where you stand, and after taking out the loan you will receive your loan amount in your account in one go. This way you can immediately realize your entire motorcycle dream. Useful!
A second suitable option is a Revolving Credit. You can withdraw and pay off monthly amounts from a 'maximum loan pot'. The interest with a revolving credit is often somewhat lower than with a personal loan. But a personal loan has a fixed term, tailored to the average life of your motorcycle. A revolving credit does not have that. You run the risk that, suppose your motorcycle is irreparably damaged, you end up with a motorcycle loan for an engine that you can no longer use.
Why is a Personal Loan so popular when purchasing a motorcycle?
- Because you will have the entire purchase amount in your account within a few days
- Because both the interest and the term are fixed: you know exactly what your loan costs in total and when you have paid it off
- You can always pay off more to pay off your loan faster without it costing you extra money!
Personal loan
A Personal Loan is a credit where you agree in advance how much you want to borrow and when you have repaid the loan: the term. The interest that you pay for that period is also fixed immediately, and can therefore never increase unexpectedly. This way you know exactly where you stand in advance.
- You borrow a minimum of $ 5,000 and a maximum of $ 150,000
- Fixed and always low interest from 3.5%
- Minimum 12 months and mixed times 180 months
- A fixed amount of interest and repayment every month
- Up to 72 years or up to 78 years with a Senior Loan
Revolving credit
With a Continuous Credit, you agree on a maximum loan amount. Within that loan amount you can borrow and repay unlimited money, as long as you never borrow more than the agreed maximum amount. With a Revolving Credit you always have money on hand.
- You borrow a minimum of $ 5,000 and a maximum of $ 150,000
- Variable interest (on the amount drawn)
- The term is variable
- You repay monthly, and you can withdraw this freely
- Up to age 65
Extra tips when borrowing money for your motorcycle
Do you know exactly how much you want to borrow for your new motorcycle? Great, our specialists are happy to find the cheapest loan with the most favorable conditions for you!
But did you include possible additional costs in addition to the purchase price of your motorcycle in that amount? The insurance, necessary clothing, a helmet, maybe a motorcycle license? The entry costs can add up considerably, so you may want to borrow part of it. Good to think about!
And another good tip: only borrow from parties that also do a BKR assessment. Providers who do not do this only offer very expensive loans that are a lot less safe!
Borrowing cheaply and the best service!
Opting for a loan from M-Credit is an affordable and safe option. As a professional credit intermediary with years of experience and a wide network, our experts can choose from various banks. This way we can guarantee a loan with the lowest interest rate and best conditions for your motorcycle for your personal situation, without hassle and time-consuming research for you. And yet lightning fast with personal service!
Do you want to calculate yourself what money costs for your motorcycle? Then view our handy tools and calculate your monthly installment or maximum loan yourself ! Do you want to take out a loan or more information about forms of financing? Call 813-339-6809 , request a free quote or fill in our contact form. Our experts are happy to help you!
