Motorcycle Loans to Get You Out on the Open Road
Make your dreams of owning a motorcycle become a reality today with a loan at a great rate and with flexible terms. Get pre-approved in minutes!
Motorcycle Loans at a Great, Competitive Rate
Buying a motorcycle should be fun and hassle free. Financing your motorcycle is a great way to get the bike of your dreams while still adhering to your budget.
Getting approved for your motorcycle loan through a credit union before you start shopping is always a smart decision because credit unions offer:
- Competitive, low rates
- Manageable payments
- Quick and easy pre-approval online
- Build your budget ahead of time
Heritage Valley FCU is here to help. Our online pre-approval process is simple and is the first step towards owning your new motorcycle. See how much you are pre-approved for today.
Credit Union Motorcycle Loan Rates
Although many dealerships offer financing, using their lenders might not always be the best option. Dealerships want you to fall in love with your motorcycle first and worry about financing later. By doing so, you may not be able to make the best financial decision and be forced to take out a loan at a higher interest rate or with a monthly payment plan that exceeds your budget.
At Heritage Valley FCU, we put our members first. Unlike banks and big lenders, we are member-centric and therefore, we are able to offer competitive, low rates. To help our members meet their long term financial goals, we also offer members special programs so that they can make sure they are on the right track to financial success.
Becoming a Heritage Valley FCU member is easy. Join today by getting a low rate on your motorcycle loan.
Finding the Best Motorcycle Loan for you
On average, a motorcycle can cost anywhere from $4k to $20k. Because they can be less expensive than a car, people usually end up using one of the two following loans to finance their motorcycle:
- Secured Loans
- Unsecured Loans
Heritage Valley FCU offers both types of loans for qualified borrowers. Both loans have great benefits that could be right for you.
Secured Motorcycle Loans
Secured motorcycle loans are similar to auto loans. They are considered secured because the loan is backed by collateral or in the case of a motorcycle loan, they are backed by the motorcycle itself. On average, secured motorcycle loans tend to have the lowest interest rates. It can also be easier to get approved for a higher loan amount. You may be able to stretch your budget and get more “bike for your buck” with this loan.
Heritage Valley FCU specializes in secured motorcycle loans with competitive rates and repayment terms. See what you qualify for today!
Unsecured Motorcycle Loan
Unlike secured loans, unsecured motorcycle loans (also known as personal loans) don’t use anything as collateral to back the loan. Unsecured motorcycle loan approval relies on your credit score and a deeper look into your financial repayment history. Sometimes, unsecured motorcycle loans can have higher interest rates than secured loans. Even with all of this in mind, taking out a personal loan for your motorcycle purchase still might be a better choice for you.
With an unsecured motorcycle loan, you are not limited to only borrowing enough to cover the sticker value of your motorcycle. Borrowing more than what the bike costs will allow you to have some cash on hand for motorcycle maintenance. Even though motorcycles can be cheaper than cars, motorcycles require more upkeep than a car and can be costly.
You can also use the extra cash from your unsecured motorcycle loan to invest in quality motorcycle gear such as:
- Helmet
- Jacket
- Gloves
- Leg Protection
Maintaining your motorcycle and investing in quality gear is essential to your safety on the road. Heritage Valley FCU is here to help you find which loan is right for you. Contact us today to see which motorcycle loan is best for you.
