About Motorcycle Loans

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Motorcycle loans are similar to car loans and have similar interest rates. They generally require good credit and may require a down payment on the vehicle. Consider saving up money to buy a motorcycle with cash using advice from a registered financial consultant in this free video on auto loans.

Part of the Video Series: Investing & Money Management
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Video Transcript

This is financial adviser Patrick Munro talking about one of my favorite topics, motorcycle loans. Motorcycles have become more and more expensive in today's terms and times and as a result the dealers are popping out of the ground and most notably Harley Davidson, Yamaha, Suzuki, etcetera and these machines have of course dollars involved that make it necessary to get a loan. The terms on a motorcycle loan are somewhat different but sometimes the same as a car loan and normally the interest rates are also the same as a car loan because the two have now come together as very pricey items. So when you go in to the dealership, make sure you find out what their best in store offer is. But if you've taken good care of your credit, you can then get the best cash price of this available at the dealership for the motorcycle and go to your financial institution, your bank. However if you've been real frugal in your lifestyle and saved a lot of money and sacrificed to get your motorcycle, you can pay cash for the motorcycle. This is Patrick Munro, financial adviser, talking about motorcycle loans.

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