![]() ![]() With Harley-Davidson Financial Services, you can finance a new or used bike if you have fair to excellent credit. With its long-standing reputation, Harley-Davidson motorcycles tend to be more expensive than some of its competitors, but it also has its own financing options to help make the price more manageable, and we chose Harley-Davidson as best for manufacturer financing in our review. Harley-Davidson is one of the best-known motorcycle manufacturers in the world. When you take out a loan from LightStream, you can get your money that same day and close the deal with the bike’s seller.Ĭan only be used on Harley-Davidson modelsįinancing offers not available on all models LightStream does not have a loan prequalification tool, so you’ll have to submit a loan application and undergo a hard credit inquiry to find out what interest rates you can get and if you’re approved for a loan.ĭespite its strict borrower requirements, LightStream has the edge over other lenders because of its low interest rates, multiple repayment options, and quick loan funding. If your credit score is below that range, you’ll need to work with another lender. According to Equifax, that means your score should be between 670 and 850. To qualify for a loan, you will need to have good to excellent credit. LightStream tends to be best for those who want to buy a more expensive motorcycle. ![]() If you’re buying a used motorcycle, that might be more than you need, causing you to take out unnecessary debt. The minimum loan amount available from LightStream is $5,000. The lender’s interest rates are the lowest of all the unsecured lenders we evaluated, with rates ranging from 5.99% to 14.14% (including a 0.50% autopay discount). LightStream doesn’t require any down payment, so you can apply for the full amount of the motorcycle’s cost. LightStream’s motorcycle loans are unsecured, so you don’t have to worry about collateral or adding the lender as a lienholder. With LightStream, you can apply for loans entirely online and get your money deposited into your bank account the same day you’re approved. Each company was evaluated for its loan amounts, interest rates, funding speed, and credit score requirements. Here are our top picks. We researched 18 different motorcycle and personal loan lenders to identify the best financing options. Whether you want to buy a used or new bike, there are several motorcycle loan lenders that can help you finance your next purchase. If you don’t have the money saved to pay in cash or don’t want to take so much money out of the bank at once, motorcycle loans are another option. ![]() The average cost of a new 2022 Harley-Davidson is $24,985.24, computed from the cost of their 33 models. But if you’re looking for a brand-new bike from a major brand like Harley-Davidson, you should expect to spend much more. Lightly used motorcycles typically sell for $7,000 to $8,000. However, motorcycles are still a very large purchase. Motorcycles tend to be significantly cheaper than new cars, the average new car costs more than $47,000 in 2022. Read our advertiser disclosure for more info. We may receive compensation if you visit partners we recommend. We recommend the best products through an independent review process, and advertisers do not influence our picks.
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