Motorbike Finance Rates 2017-07-13T12:38:40+00:00

MOTORBIKE FINANCE RATES

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Motorbike Finance Rates

Motorbike finance rates can vary significantly from dealerships, brokers and lenders. This all depends on what lenders and products each one can offer. It’s also worth taking note that the rate that you get will be based on your current circumstances and your credit profile. When comparing motorbike finance rates it’s important that you know exactly what you are comparing. Below is a guide to APRs and other rates that you should know before taking out a loan with any company.

At The Motorbike Financer we are dedicated to help customers finding motorbike finance rates that suit there circumstances. Make an application today to see what rates we can offer you. If you want to check out how affordable your monthly repayments for your next bike can be before you apply, check out our motorbike finance calculator.

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Who We Can Help

  • IVAs (Individual Voluntary Agreements)
  • CCJs (County Court Judgements)
  • Bankruptcy
  • Debt Management Plans
  • Self Employed
  • No Credit History
  • Arrears
  • Declined / Refused Elsewhere

Qualified

  • The Motorbike Financer is FCA approved. (Financial Conduct Authority)
  • All of our staff are SAF qualified. (Specialist Automotive Finance)
  • We are registered with the ICO. (Information Commissioner’s Office)

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STEP 1– APPLY

Online, on your mobile, or over the phone in 2 minutes.

STEP 2– CHOOSE

Choose any motorbike from any dealership.

STEP 3– SIGN

A few papers and provide us with some identification.

STEP 4– RIDE AWAY

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Flat Rate / Fixed Rate

Flat rates are very common in motorbike finance. A flat rate is the amount of interest you can expect to pay each year on the initial loan amount. It gives you an easy way to work out your repayments each month, as well as the total amount of interest repayable from a few calculations.

Example – Borrowing £10,000 at a flat rate of 9% over 3 years.
9% of £10,000 gives you £900. This is the amount of interest you will pay EACH year.
£900 x 3 years = £2,700 in total interest.
Borrowing £10,000 + £2,700 interest means you would pay back £12,700 in total.

If you wish you can change years into months to work out how much interest, you pay per month.

Do not confused the flat rate with the APR as they are completely different. If you are getting a quote, make sure you know if it’s the flat rate or the APR you are being quoted. It is important as it will make a difference to your overall repayable. Some companies will try to hide the fact it’s a flat rate and not the APR to make it sound cheaper.

APR Annual Percentage Rate

“APR stands for the Annual Percentage Rate of charge. You can use it to compare different credit and loan offers. The APR takes into account not just the interest on the loan but also other charges you have to pay, for example, any arrangement fee. All lenders have to tell you what their APR is before you sign an agreement. It will vary from lender to lender.” – Official definition from the FCA.

In order to use APR to compare motorbike finance products, it’s important that you are comparing like for like quotes. It is essential you are using the same figures and term from each company you get a quote from. If all the figures are not the same, then you can’t compare products and it’s difficult to work out which deal is best for you.

Representative APR

ALL financial advertisements that include an incentive to apply must contain a representative APR. If you see an advertisement with a ‘Representative APR’ then this rate or below must be provided to a minimum of 51% of the credit agreements taken out during that financial promotion.

Representative Example

A representative example is a full quotation shown for a financial promotion. A representative example should include the following;

  • The rate of interest, and whether it is fixed or variable or both.
  • Any other charges included in the total charge for credit.(Fee’s)
  • Total amount of credit.
  • The representative APR.
  • The cash price and deposit.
  • The duration of the agreement.
  • The total amount payable.
  • The amount of each repayment.

0% Motorbike Finance (0% APR)

0% Motorbike Finance deals are going only going to be offered by a motorbike dealership. Although you will be paying no interest, it’s worth taking the following points into consideration before jumping into a 0% finance agreement.

  • 0% motorbike finance can be used by dealerships as a tool to sell less popular models and motorbikes that have a low residual value. This could potentially cause issues further down the line with part exchanging or selling the motorbike.
  • If at some point during the agreement you wish to change the vehicle or part exchange, you could still have negative equity in the motorbike even though you are paying no interest. This will be down to the motorbike depreciating quicker than you are paying off the finance.
  • Some dealerships will add money onto the cash price of the motorbike to make more money on the sale, so don’t expect a discount.
  • Make sure you read all the terms & conditions of the agreement to make sure you are happy and to be aware of the fee’s charged for the finance.
  • Different 0% motorbike finance agreements are available. Some of them are 0% on a certain duration, some are 0% on a certain amount of the motorbike price and other are 0% for the whole amount and duration of the agreement.
  • You could be asked to put a big deposit down on the motorbike, in some cases up to 50%.
  • Only a very small percentage of people qualify for these agreements.

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What We Do

At The Motorbike Financer we pride ourselves on being open and honest and finding a deal that suits our customer’s needs. We will not charge you any for arranging your bad credit motorbike loan and our lenders allow you to select your bike from whatever dealership you choose. We do not offer guaranteed motorbike finance however we work with a panel of specially selected “bad credit” finance providers who will personally look at your credit profile and your circumstances.

If you wish to contact us and ask any questions prior to applying, you can contact us on 01625 324444, or for a free no obligation quote click Apply Now.

The Motorbike Financer is a trading name of The Vehicle Financer Limited. The Vehicle Financer Limited is an appointed representative of Product Partnerships Limited which is authorised and regulated by the Financial Conduct Authority. Product Partnerships Limited FCA registration number is 626349 and its address is Salts Piazza Offices, Salts Mill, Victoria Road, Saltaire, BD18 3LA. Product Partnerships Limited’s permitted business is to act as a Principal for a network of Appointed Representatives who arrange regulated credit facilities for customers who are purchasing goods from them.

The Vehicle Financer Limited act as a credit broker not a lender. We can introduce you to a limited number of lenders who may be able to offer you finance facilities for your purchase. We will only introduce you to these lenders. We may receive a commission payment from the finance provider if you decide to enter into an agreement with them. You may be able to obtain finance for your purchase from other lenders and you are encouraged to seek alternative quotations. If you would like to know how we handle complaints, please ask for a copy of our complaints handling process. You can also find information about referring a complaint to the Financial Ombudsman Service (FOS) at financial-ombudsman.org.uk

MOTORBIKE FINANCE RATES

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Motorbike Finance Rates

Motorbike finance rates can vary significantly from dealerships, brokers and lenders. This all depends on what lenders and products each one can offer. It’s also worth taking note that the rate that you get will be based on your current circumstances and your credit profile. When comparing motorbike finance rates it’s important that you know exactly what you are comparing. Below is a guide to APRs and other rates that you should know before taking out a loan with any company.

At The Motorbike Financer we are dedicated to help customers finding motorbike finance rates that suit there circumstances. Make an application today to see what rates we can offer you. If you want to check out how affordable your monthly repayments for your next bike can be before you apply, check out our motorbike finance calculator.

Apply Now

Regulated & Qualified

Regulated and authorised by the FCA
Our staff are SAF Approved
We are registered with the ICO

We Also Boast

Apply Now

Flat Rate / Fixed Rate

Flat rates are very common in motorbike finance. A flat rate is the amount of interest you can expect to pay each year on the initial loan amount. It gives you an easy way to work out your repayments each month, as well as the total amount of interest repayable from a few calculations.

APR Annual Percentage Rate

“APR stands for the Annual Percentage Rate of charge. You can use it to compare different credit and loan offers. The APR takes into account not just the interest on the loan but also other charges you have to pay, for example, any arrangement fee. All lenders have to tell you what their APR is before you sign an agreement. It will vary from lender to lender.” – Official definition from the FCA.

Representative APR

ALL financial advertisements that include an incentive to apply must contain a representative APR. If you see an advertisement with a ‘Representative APR’ then this rate or below must be provided to a minimum of 51% of the credit agreements taken out during that financial promotion.

Representative Example

A representative example is a full quotation shown for a financial promotion.

0% Motorbike Finance (0% APR)

0% Motorbike Finance deals are going only going to be offered by a motorbike dealership. Although you will be paying no interest, it’s worth taking the following points into consideration before jumping into a 0% finance agreement.

Buy your motorbike in 4 easy steps

More Info

What We Do

At The Motorbike Financer we pride ourselves on being open and honest and finding a deal that suits our customer’s needs. We will not charge you any for arranging your bad credit motorbike loan and our lenders allow you to select your bike from whatever dealership you choose. We do not offer guaranteed motorbike finance however we work with a panel of specially selected “bad credit” finance providers who will personally look at your credit profile and your circumstances.

If you wish to contact us and ask any questions prior to applying, you can contact us on 01625 324444, or for a free no obligation quote click Apply Now.

The Motorbike Financer is a trading name of The Vehicle Financer Limited. The Vehicle Financer Limited is an appointed representative of Product Partnerships Limited which is authorised and regulated by the Financial Conduct Authority. Product Partnerships Limited FCA registration number is 626349 and its address is Salts Piazza Offices, Salts Mill, Victoria Road, Saltaire, BD18 3LA. Product Partnerships Limited’s permitted business is to act as a Principal for a network of Appointed Representatives who arrange regulated credit facilities for customers who are purchasing goods from them.

The Vehicle Financer Limited act as a credit broker not a lender. We can introduce you to a limited number of lenders who may be able to offer you finance facilities for your purchase. We will only introduce you to these lenders. We may receive a commission payment from the finance provider if you decide to enter into an agreement with them. You may be able to obtain finance for your purchase from other lenders and you are encouraged to seek alternative quotations. If you would like to know how we handle complaints, please ask for a copy of our complaints handling process. You can also find information about referring a complaint to the Financial Ombudsman Service (FOS) at financial-ombudsman.org.uk