Trying to get a loan for your new motorbike can be confusing, especially if this is your first time applying for vehicle finance, or if you've been refused credit in the past. The proliferation of "comparison" sites, credit brokers, and opaque jargon like "PCP", "PCH", or "HP" all add to the cognitive overload when choosing the right lender.
So how can you navigate this jungle of confusion and be sure that you're getting the best deal for your situation? The honest answer is, some proper reading and research is needed to make sure that you don't get stung. But if you do it right, you'll be able to make your money go further than you ever thought you could, and you'll be able to sleep easy knowing you didn't waste any of your hard-earned cash.
Here you'll find a run-down of the types of finance options for motorbikes that you're likely to find on the internet, giving you valuable information to take away before you go and get your loan.
Apply for Motorbike Finance Online Today in Less Than a Minute
Take a glance at any search engine result with a keyword like "motorbike finance" or "motorcycle financing" and you'll find pages and pages full of different companies offering credit. But what does it mean? These companies are "finance brokers"- essentially resellers of financial products offered by big banks and finance companies like Moto Novo Finance, Black Horse Finance and Hitachi.
However, not all finance brokers are created equal. Remember before you deal with any company to read their small print, and don't be afraid to ask direct questions to the staff up-front, and remember that any finance broker must be FCA-registered before they can legally offer financial products for sale.
BikerFriendlyFinance.com has been rated 5 stars by customers, making us one of the most respected finance brokers for motorbikes on the internet.
We've been in the business for over 20 years and know our bikes inside-out. Try our friendly hassle-free online application to request a quote from one of our advisors.
Get a Quote From a Respected Broker- Apply Online Now
Ask anybody around Britain's streets nowadays, and they'll certainly be aware of the modern phenomenon of the 'comparison site'. With their glitzy TV ads, infectious jingles, and peppy singing mascots, they've managed to hammer their gospel of good deals home with nauseating frequency- and they make a hefty profit while doing so.
While we won't name any here, we're sure you know exactly what kind of sites we're talking about. They make their money by giving you computer generated quotes on anything from insurance to utility tariffs, and of course, vehicle finance- and they take commission from the companies whose products they are selling.
While these sites can certainly provide a useful service, we don't believe that bike finance is the right sector for their brand of profiteering. Computer-generated prices are all well and good, but they certainly don't beat the human touch customers get when dealing with a real bricks-and-mortar company.
BikerFriendlyFinance.com have a team of specialist finance operatives who deal with clients (on all ends of the credit spectrum) every day, just waiting to find the right deal for you. Or, you could get a computer generated quote from one of the comparison companies, risking overspending or getting rejected outright.
For this reason, we really recommend that you use our online application form and speak to our advisors in person.
Get a Quote From Our Team- Apply Online Now
When buying a new or used bike from a dealer, you'll often be given an option to finance the bike. The bike may even be advertised at a finance-only price on the shop floor. This can be confusing, but dealers are often registered as finance brokers too. And yes, you guessed it, they get a commission from the finance company for selling you a bike on finance.
Now, this isn't a bad way to buy a bike, and you can get a great deal, but there are some things that you need to be aware of. First of all, many deals will advertise bikes at incredibly low rates, and more often than not they proudly flaunt offers of "0% on all bikes". It can get a little laughable once you realise that only those with impeccable credit histories will ever get a chance at these high rates- you see straight through the gimmick.
BikerFriendlyFinance.com, however, can offer you the opportunity to buy any bike from any dealer, so the quote we give you online or over the phone for a quote can apply to any bike you like. We cut out the middle man, saving you from having to go to your local dealer and risk falling out when they try to pull the wool over your eyes on finance. Just get your quote from us and go to your dealer ready and prepared.
Get Any Bike From Any Dealer- Apply Online Now
"Best place for motorbike finance"
This company really looked after me from start to finish while I was looking for finance for a new GSXR. Genuinely the best place for motorbike finance.
- Jeff R.
"Looked after from start to finish"
I couldn't have asked for a better experience while looking for a finance deal. Courteous and straightforward, made sure I understood everything from the start.
- Hamza S.
"Quick, confident deal"
Jess especially from BikerFriendlyFinance contributed to the feeling that I was being dealt with quickly and confidently. Great service!
- Jenny K.