Bad credit motorbike finance

Are you looking for motorbike finance but worried about bad credit? Have you been turned down by other lenders for motorbike finance? We consider motorbike loan applications even if you have bad credit and have been declined elsewhere.

Bad credit motorcycle finance & loans

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 poor 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 loan 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 you to get a loan so you can get the ideal bike for you.

How does our motorbike finance work?

We only offer finance for motorbikes bought from reputable dealers. Our motorbike loans works as follows:

 

  • Minimum lend: £2,500
  • 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 motorcycle loan

To get motorbike finance with us, we carry out affordability checks which means we look at your income and expenditure to confirm whether we can offer you finance.

You must also have a minimum monthly net income of £1,000 (£1,250 gross for self-employed) if you’re doing a single application, or £1,300 per month if you’re doing a joint application.

We may also need to ask for documentation (e.g. payslips) to confirm our affordability calculations.

Our checks protect you by ensuring your monthly loan payments are reasonable and affordable. If you’re unsure that you are eligible for a motorcycle loan with bad credit, Contact us today and we’ll try to help. 

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. If you have bad credit and need a loan for a motorcycle, Moneybarn can provide motorcycle loans for most popular bike brands and types. However, the motorbike must:

  • Be no more than 6 years old at the start of the contract
  • Have a total mileage of 30,000 or less at the start of the agreement
  • Have a minimum engine size of 125cc

For more information, our motorbike finance explained guide can help.If you need help in deciding which motorcycle is right for you, our motorbike brands and motorbike types guides can help.

If you have poor credit and you want to buy a motorbike, or if you’re worried that having bad credit means you won’t be approved for a motorbike loan, start your application online to see how we can help 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 3686 and they will be able to discuss your options and help you get the motorbike you want.

Bad credit motorcycle finance & loans

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 poor 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 loan 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: £2,500
  • 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 carry out affordability checks which means we look at your income and expenditure to confirm whether we can offer you finance.

You must also have a net minimum 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 may also need to ask for documentation (e.g. payslips) to confirm our affordability calculations.

Our checks protect you by ensuring your monthly loan 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 6 years old at the start of the contract
  • Have a total mileage of 30,000 or less at the start of the agreement
  • Have a minimum engine size of 125cc

For more information, our motorbike finance explained guide can help.

If you have poor credit and you want to buy a motorbike, or if you’re worried that having bad credit means you won’t be approved for a motorbike loan, start your application online to see how we can help 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 3686 and they will be able to discuss your options and help you get the motorbike you want.