New & Used Motorcycle Loans
Whether you are looking for a motorcycle to enjoy the open road or simply an economical commuter vehicle, a motorcycle loan from SMW can get your motor running at a great rate. In fact, you can even refinance your current ride. We want your adventure to be a good experience from the start, so look to SMW for the best in terms and service.
Flexible Financing to Fit Your Ride
Motorcycles come in many sizes and styles, so financing should fit your ride. At SMW, the process is straightforward, as are the benefits of taking out a motorcycle loan with us. Get the loan you want, with the terms that work for you.
- New and used motorcycles
- Low motorcycle loan rates and flexible terms
- Borrow up to 100% on new motorcycles
- Borrow up to the NADA retail value on used motorcycles
- Automatic payments available from your SMW FCU checking or savings account
- Consider refinancing your existing motorcycle loan for better terms
- Local decision-making and processing by your community credit union
- Attentive, friendly service from start to finish
Don’t forget to try out your ideal loan amount in our Simple Loan Calculator, to get an estimate of how a motorcycle loan might work with your monthly budget.
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FAQs
Are motorcycle loans different from auto loans?
Motorcycle loans work the same way as auto loans as the amount financed is secured by the motorcycle itself (collateral). You then make monthly payments for the term (length) of the loan. The main differences between the two types of loans are the longest loan term for motorcycles is usually shorter than for a car or truck and the interest rate for a motorcycle is often higher.
Can I buy a used motorcycle with a motorcycle loan?
Yes, at SMW you can apply for a motorcycle loan to purchase or refinance a used motorcycle. The main limitation is that the amount of the loan is limited by the NADA retail value of the motorcycle.
What kind of motorcycle can I finance with a motorcycle loan?
Most production motorcycles can be financed, including standard, touring, cruisers, and more. If you are not sure if a motorcycle you are considering will qualify, please contact us for confirmation.