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 motorbike 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 pay back an amount each month until the cost of the finance has been paid off.

If you’re looking to finance a motorbike, you should know that your eligibility depends on a number of personal factors. When you apply for motorbike finance your application will go through a number 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 motorbike 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 pay back an amount each month until the cost of the finance has been paid off.

If you’re looking to finance a motorbike, you should know that your eligibility depends on a number of personal factors. When you apply for motorbike finance your application will go through a number 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.

Apply for motorbike finance

Apply for motorbike finance

To apply for 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 the bike meets our lending criteria:

  • Priced between £2,500-£15,000
  • 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 apply for 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 the bike meets our lending criteria:

  • Priced between £2,500-£15,000
  • 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

How does financing a motorcycle work?

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.

How does financing a motorcycle work?

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! We’d recommend you try out our motorbike finance calculator. It’ll give you an idea of what your motorbike finance might look like based on how much you’re looking to borrow and for how long. Or, if you’re ready, get a quote 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! We’d recommend you try out our motorbike finance calculator. It’ll give you an idea of what your motorbike finance might look like based on how much you’re looking to borrow and for how long. Or, if you’re ready, get a quote and we can help guide you through the rest.

Should I finance a motorbike?

A motorbike offers a great way to travel, commute to work, or drive socially. It might give you a sense of freedom as driving a bike is quite different to driving a car, and there are so many great motorbike destinations that you could explore with your new bike.

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 guide to 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.

It’s important to know that our finance process starts with a soft credit search. This doesn’t affect your credit score, but will help us know if we can offer you motorbike finance.

Should I finance a motorbike?

A motorbike offers a great way to travel, commute to work, or drive socially. It might give you a sense of freedom as driving a bike is quite different to driving a car, and there are so many great motorbike destinations that you could explore with your new bike.

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 guide to 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.

It’s important to know that our finance process starts with a soft credit search. This doesn’t affect your credit score, but will help us know if we can offer you motorbike finance.

Guides for getting a motorbike on finance

Guides for getting a motorbike on finance

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.

Best motorbikes for commuting

You might be interested in getting a motorbike to commute to work. We’ve written a guide to the top bike models for commutin.

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.

Best motorbikes for commuting

You might be interested in getting a motorbike to commute to work. We’ve written a guide to the top bike models for commutin.

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.

FAQs about motorbike finance

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 could 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’re experts at bad credit motorbike finance and help thousands of people every month with finance.

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.

To start, we’d always recommend trying our motorbike finance calculator. It will give you an idea of what motorcycle financing might look like for you, depending on how much you’re looking to borrow and for how long. When you’re ready, you can get a quote.

To get started you’ll need:

  • Monthly earnings over £1,000 (after tax)
  • To be aged between 21 and 70
  • A valid A1, A2 or A UK motorbike licence or a valid CBT certificate

When you make an application, you’ll need to provide some personal information about you and your financial situation. If you wish to enter into an agreement then you would need to provide proof of identification (usually a drivers licence) and 2 consecutive months of payslips or bank statements.

Further documents might be needed as part of our affordability checks. If that is the case then our team will be able to guide you through that process.

FAQs about motorbike finance

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 could 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’re experts at bad credit motorbike finance and help thousands of people every month with finance.

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.

To start, we’d always recommend trying our motorbike finance calculator. It will give you an idea of what motorcycle financing might look like for you, depending on how much you’re looking to borrow and for how long. When you’re ready, you can get a quote.

To get started you’ll need:

  • Monthly earnings over £1,000 (after tax)
  • To be aged between 21 and 70
  • A valid A1, A2 or A UK motorbike licence or a valid CBT certificate

When you make an application, you’ll need to provide some personal information about you and your financial situation. If you wish to enter into an agreement then you would need to provide proof of identification (usually a drivers licence) and 2 consecutive months of payslips or bank statements.

Further documents might be needed as part of our affordability checks. If that is the case then our team will be able to guide you through that process.

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.