Bad credit motorcycle finance
You might have bad credit because you’ve missed a few payments on household bills, or fell behind on a finance agreement. Alternatively, you may have been made bankrupt, and you could be trying to rebuild your credit score. You could also have a weak credit profile because you haven’t used finance or credit previously.
No matter what your circumstances are, we believe that just because a person has bad credit, it doesn’t mean they should be denied access to finance so they can get the motorbike they need, as long as they can afford it.
Who can access motorbike finance?
Many people may need a reliable motorbike to get to work or use socially. We recognise this and we specialise in lending to customers with bad credit. Our focus is always on making responsible lending decisions, so we’ll consider carefully whether you can comfortably afford a finance agreement with us, and importantly whether you are likely to be able to afford it for the whole duration of the agreement. We consider a range of factors that allow us to help customers who might have been declined elsewhere.
If you have bad credit, have a CCJ or are currently in an IVA, we can still help to provide finance so you can get the ideal bike for you.
How does our finance work?
We only offer finance for motorbikes bought from reputable dealers. Our finance works as follows:
- minimum lend: £3,600
- maximum lend: £15,000
- minimum initial deposit: £400
- we’ll need an invoice and sales advert from the dealer
We will check you can afford the finance
To get motorbike finance with us, we require that your contractual monthly repayment cannot be more than 25% of your net monthly income.
You must also have a net monthly income of £1,000 if you’re doing a single application, or £1,300 per month if you’re doing a joint application.
We ask for proof of income in the form of two consecutive months’ payslips or bank statements (dated within the last three months). All your indicated income must be from your current employer.
Our checks protect you by ensuring your monthly payments are reasonable and affordable.
What motorbikes can you get on finance?
We can finance a wide variety of motorbikes, which means you can choose from a range of quality and trusted manufacturers. However, the motorbike must:
- be no more than 5 years old at the start of the contract
- have a total mileage of 30,000 or less at the start of the contract
- have a minimum engine size of 126cc
For more information, our motorbike finance explained guide can help.
If you have bad credit and you want to buy a motorbike, or if you’re worried that having bad credit means you won’t be approved for motorbike finance, start your application online to see how we can help you.
If you have bad credit and you’re interested in buying a motorbike, you can complete our quick and easy online application to see what finance we can offer you.
We only use a soft credit search, which means it won’t affect your credit score.
If you’re still worried that having bad credit means you won’t be approved for motorbike finance, you can call one of our team on 0330 555 2505 and they will be able to discuss your options and help you get the motorbike you want.