What is the usual percentage rate on financing a motorcycle (details)?

Question

Lets say I get a 4000.00 bike financed to pay it off in two years. What kind of interest rate can I expect? 10%? More? Less?

Answer 1

For used motorcycles, a normal rate at a bank  will be around 8%-9%

For new motorcycles it will depend on what financing deal they have at the time.

For example, right now Honda has a 3.99% financing for 36 months and other dealers have a very low interest for the first 24 months and then the rate will raise to a very high 17% after that which isn't a very good deal in the long run.

Best advice is if the dealer doesn't offer a flat rate of at least 9% or lower, then finance through a bank, credit union or put it all on a low rate credit card.

Answer 2

depends on your credit and the bank.  HD wanted to  give me 12% on a new Road King.  I called my credit union and they gave me 4.7% for the same loan.