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Publish Date - September 05, 2019

Author: Greg Thibodeau

Categories:   Consumer Credit    Loan Calculators & Rates    The myAutoloan Difference   

How to Find Bad Credit Motorcycle Loans

If your credit score falls between 350 and 650, you might have “bad” credit. But that shouldn’t stop you from getting the transportation you want and need. Learn how to find a bad credit motorcycle loan, with myAutoloan.

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1. Double check your credit.

You might think you have “bad” credit when you really don’t! Or, your credit history could contain inaccurate information that’s bringing down your score. Double check your credit score to make sure you know what you’re dealing with. Try our partner,, to get your free credit score from all three bureaus.

If you’re only a few points away from hitting 700, you might want to wait and improve your score so you can secure better loan terms. You can’t always wait when it comes to having transportation, though. You can still get motorcycle loan with bad credit—it just might take some extra work.

2. Save up for a larger down payment.

The more money you can pay up front, the less money you’ll need to borrow and the more likely it is that you’ll be approved for financing. Lenders will view you as less risky and you might be able to secure a lower interest rate for your loan. A bigger down payment can help lower your monthly payment and total amount paid, too.

3. Find a co-signer.

Getting a co-signer is one of the best ways to help secure a car loan with little to no credit, and the same can be said for a motorcycle loan. A co-signer reduces risk for the lender. If you aren’t able to make your loan payments for any reason, the cosigner is expected to do so. Co-signers are additional assurance that the loan will be repaid. A co-signer can be a friend, spouse, parent, or other family member. Keep in mind that there are some situations where you don’t want someone to cosign a loan with you.

4. Persuade with proof.

Maybe your credit score took a hit when you were laid off and had unexpected medical expenses. You recovered and found a new job, but your credit score hasn’t bounced back yet. Explain your situation to the lender. If you’ve had loans in the past that you’ve paid off, bring that paperwork to the table. Provide proof of current employment, regular bill payments, and anything else that could show a lender you’re equipped to make on-time payments on a motorcycle loan.

Here are some ideas for documents that might help your case:

  • Tax returns
  • Bank statements
  • Pay stub, W-2, or other proof of income
  • Recommendation letter from landlord

5. Apply for a loan with the right lender.

How do you know if it’s “the right” lender? Not all lenders will work with people who have bad credit, which is one reason it’s important to check your credit before applying. There’s no use in applying for a motorcycle loan with a company that only provides financing to people with 700+ credit scores, or with one that only offers car loans. Applying in the right places will save you time, frustration, and a whole bunch of hard credit checks on your credit report.
myAutoloan is one of those “right” places. That’s why ranks us number one on their list of Best Bad-Credit Motorcycle Loans for 2019. Here’s what they had to say:

Since it’s a lending network, you can receive multiple loan offers from a single application, making it easy to compare rates without having to apply with multiple lenders on your own.

See? Bad credit motorcycle financing is possible, especially with myAutoloan. We work to help everyone find the financing they need, including people with bad credit.