Motorbike finance

We can help walk you through the entire motorcycle finance process. To get started you will need:
  • Monthly earnings over £1,000 (after tax)
  • To be aged between 21 and 70
  • Valid A1, A2 or A UK motorbike licence or a valid CBT certificate
  • 2 consecutive months of payslips or bank statements

Motorbike loan calculator

  • Monthly payment: £000.00
  • Total to repay: £00,000.00
  • Calculated APR: 00.0%

Representative 31.9% APR

*a £400 deposit may be required depending on your credit score

Motorbike finance

We can help walk you through the entire motorcycle finance process.

How does motorcycle finance work?

Motorbike finance is when you borrow money to cover the cost of your new motorcycle. It allows you to get a bike without having to pay a lump sum up front. Instead you would pay back an amount each month until the cost of the finance has been paid off.

Getting finance for a motorbike is dependent on your eligibility. When you apply for motorbike finance your application will go through a series of checks. This will check several things including if you are legally able to drive, live in the UK but also if you can afford the monthly repayments of the loan.

How does motorcycle finance work?

Motorbike finance is when you borrow money to cover the cost of your new motorcycle. It allows you to get a bike without having to pay a lump sum up front. Instead you would pay back an amount each month until the cost of the finance has been paid off.

Getting finance for a motorbike is dependent on your eligibility. When you apply for motorbike finance your application will go through a series of checks. This will check several things including if you are legally able to drive, live in the UK but also if you can afford the monthly repayments of the loan.

Getting started with motorbike finance

Getting started with motorbike finance

To get started with our motorbike finance, you’ll need:

  • Monthly earnings over £1,000 (after tax)
  • A deposit of £0 or £400 (subject to affordability)
  • To be aged between 21 and 70
  • Valid A1, A2 or A UK motorbike licence or a valid CBT certificate
  • 2 consecutive months of payslips or bank statements

We can provide motorcycle finance as long as it meets our lending criteria:

  • Priced between £2,500-£15,000
  • Have a minimum engine size of 125cc
  • Have a total mileage of up to 30,000 at the start of the agreement
  • No older than 12 years at the start of the agreement

To get started with our motorbike finance, you’ll need:

  • Monthly earnings over £1,000 (after tax)
  • A deposit of £0 or £400 (subject to affordability)
  • To be aged between 21 and 70
  • Valid A1, A2 or A UK motorbike licence or a valid CBT certificate
  • 2 consecutive months of payslips or bank statements

We can provide motorcycle finance as long as it meets our lending criteria:

  • Priced between £2,500-£15,000
  • Have a minimum engine size of 125cc
  • Have a total mileage of up to 30,000 at the start of the agreement
  • No older than 12 years at the start of the agreement

Motorbike finance calculator

  • Monthly payment: £000.00
  • Total to repay: £00,000.00
  • Calculated APR: 00.0%

Representative 31.9% APR

*a £400 deposit may be required depending on your credit score

Types of motorbike finance

What’s the best way to finance a motorbike? Well, if you’ve ever had a car on finance, then you’ll be glad to know it works in exactly the same way.

As you probably already know, there are many types of motorbike finance available. Depending on what you want there are motorcycle finance options suited to different people’s needs, but there is no one size fits all.

Types of motorbike finance

What’s the best way to finance a motorbike? Well, if you’ve ever had a car on finance, then you’ll be glad to know it works in exactly the same way.

As you probably already know, there are many types of motorbike finance available. Depending on what you want there are motorcycle finance options suited to different people’s needs, but there is no one size fits all.

At Moneybarn we offer a Conditional Sale Agreement. This means that you have full use and access to the motorbike for the term of the agreement, as long as you keep up your repayments. Although you won’t legally own the motorbike until all repayments have been made, but you will be the registered and named driver.

Other lenders might offer Hire Purchase, Personal Contract Purchase or a lease.

Hire Purchase (HP) is where you hire the motorbike from the lender until you have paid off your debt, which is very similar to a Conditional Sale Agreement. Once you’ve finished paying the lender back, there is an option to buy the motorcycle outright. This is referred to as an ‘option to purchase’ fee and is usually less than your monthly payments. You’ll only own the vehicle outright once all repayments have been made and you’ve paid the option to purchase fee.

Personal Contract Purchase (PCP) is where you pay a deposit followed by monthly repayments for an agreed amount of time. At the end of this time period, you have the choice to either hand back the motorbike or pay an amount to buy the vehicle outright. The cost to buy the vehicle is referred to as the Guaranteed Minimum Future Value fee and will vary depending on the make and model of the motorbike.

You can also get a motorbike on lease, although this is a lot less common than the other motorcycle finance options mentioned above. Leasing in simple terms means that you are renting the vehicle for an agreed period of time, but you will never have the option to purchase it. You pay a deposit, or a larger initial payment, followed by fixed payments over a set period of time.

If you’d like to read more about the different motorbike finance options then see out motorbike finance explained guide.

Conditional Sale Agreement illustration

Conditional Sale motorbike diagram

Once all monthly payments have been made you will own the motorbike.

At Moneybarn we offer a Conditional Sale Agreement. This means that you have full use and access to the motorbike for the term of the agreement, as long as you keep up your repayments. Although you won’t legally own the motorbike until all repayments have been made, but you will be the registered and named driver.

Conditional Sale Agreement illustration

Conditional Sale motorbike diagram

Once all monthly payments have been made you will own the motorbike.

Other lenders might offer Hire Purchase, Personal Contract Purchase or a lease.

Hire Purchase (HP) is where you hire the motorbike from the lender until you have paid off your debt, which is very similar to a Conditional Sale Agreement. Once you’ve finished paying the lender back, there is an option to buy the motorcycle outright. This is referred to as an ‘option to purchase’ fee and is usually less than your monthly payments. You’ll only own the vehicle outright once all repayments have been made and you’ve paid the option to purchase fee.

Personal Contract Purchase (PCP) is where you pay a deposit followed by monthly repayments for an agreed amount of time. At the end of this time period, you have the choice to either hand back the motorbike or pay an amount to buy the vehicle outright. The cost to buy the vehicle is referred to as the Guaranteed Minimum Future Value fee and will vary depending on the make and model of the motorbike.

You can also get a motorbike on lease, although this is a lot less common than the other motorcycle finance options mentioned above. Leasing in simple terms means that you are renting the vehicle for an agreed period of time, but you will never have the option to purchase it. You pay a deposit, or a larger initial payment, followed by fixed payments over a set period of time.

If you’d like to read more about the different motorbike finance options then see out motorbike finance explained guide.

How much would motorcycle finance cost?

The cost of motorcycle finance will be different for everyone. Depending on your personal circumstances such as salary, residential status, and credit score, your eligibility for motorbike finance will be different to others. You can therefore not compare costs as a like for like.

If you’re still unsure what motorbike to pick, that’s fine! Apply today and we can help guide you through the rest.

How much would motorcycle finance cost?

The cost of motorcycle finance will be different for everyone. Depending on your personal circumstances such as salary, residential status, and credit score, your eligibility for motorbike finance will be different to others. You can therefore not compare costs as a like for like.

If you’re still unsure what motorbike to pick, that’s fine! Apply today and we can help guide you through the rest.

What types of motorbike can I finance?

With such a wide range of motorcycle brands and types to choose from, it can be tricky to find the right bike for you.

We’ve created a page that runs through the top motorbike brands and their pros and cons, so you can make a more informed decision.

Our motorbike buying guide outlines useful questions you should be asking yourself during the process, such as what types of motorbike you might like.

What types of motorbike can I finance?

With such a wide range of motorcycle brands and types to choose from, it can be tricky to find the right bike for you.

We’ve created a page that runs through the top motorbike brands and their pros and cons, so you can make a more informed decision.

Our motorbike buying guide outlines useful questions you should be asking yourself during the process, such as what types of motorbike you might like.

Guides for your new motorbike

Guides for your new motorbike

Buying a motorbike

Make sure to consider these important factors before buying your new motorbike.

What motorbike should I buy?

With so many different types of motorbikes on the market it’s important to know which one would be right for you.

Riding a motorbike in the rain

We know It’s always raining in the UK, but make sure you know how to ride your motorbike safely when the sky starts to pour.

Soft Search vs Hard Search

When you apply for any type of finance, a soft and hard search can be done on your credit file at different points in the process. Make sure you know the difference before applying.

Buying a motorbike

Make sure to consider these important factors before buying your new motorbike.

What motorbike should I buy?

With so many different types of motorbikes on the market it’s important to know which one would be right for you.

Riding a motorbike in the rain

We know It’s always raining in the UK, but make sure you know how to ride your motorbike safely when the sky starts to pour.

Soft Search vs Hard Search

When you apply for any type of finance, a soft and hard search can be done on your credit file at different points in the process. Make sure you know the difference before applying.

Frequently asked questions

There’s no minimum credit score that you need to get motorbike finance. No matter what your credit score is, there will be a lender out there that may be able to help you.

If your credit score is less than perfect take a look at what we could lend you by getting a quote today. We will only do a soft search on your credit file when you ask for a quote, so this won’t affect your credit score.

Everyone’s eligibility for finance is different. It depends on lots of different personal factors, including credit score and affordability. You will not know for definite if you have been approved until you’ve applied for one of the types of finance listed above. Responsible lenders will always check that you can afford the repayments before confirming you have been accepted for the loan.

Try using our motorbike finance calculator at the top of the page. This will show you what your agreement might look like, based on factors such as how much you’re looking to borrow.

If you have a particular motorbike in mind, we might be able to help as long as it fits into our lending criteria. If it does, great! We might be able to help finance that particular bike – you can get a quote when you’re ready.

Frequently asked questions

There’s no minimum credit score that you need to get motorbike finance. No matter what your credit score is, there will be a lender out there that may be able to help you.

If your credit score is less than perfect take a look at what we could lend you by getting a quote today. We will only do a soft search on your credit file when you ask for a quote, so this won’t affect your credit score.

Everyone’s eligibility for finance is different. It depends on lots of different personal factors, including credit score and affordability. You will not know for definite if you have been approved until you’ve applied for one of the types of finance listed above. Responsible lenders will always check that you can afford the repayments before confirming you have been accepted for the loan.

Try using our motorbike finance calculator at the top of the page. This will show you what your agreement might look like, based on factors such as how much you’re looking to borrow.

If you have a particular motorbike in mind, we might be able to help as long as it fits into our lending criteria. If it does, great! We might be able to help finance that particular bike – you can get a quote when you’re ready.

Bad credit motorbike finance

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 a loan.

Be a part of the club. Look for your local motorbike club

Looking to join a motorbike club? We have mapped out all the motorbike clubs across the UK. Click the button below to find your local motorbike club.

Our application process

We use a soft credit search which means you’ll get a decision, and it will have no affect on your credit score. The search will only show on your credit file if you take out an agreement with us.