Written by A motorbike loan is, as the name suggests, a type of loan designed to help you buy a motorcycle. You can borrow as little as $5,000 up to the full purchase price of the bike (subject to your borrowing power). These loans are secured, so you’ll use your bike as collateral.
Can’t wait to start your next adventure on two wheels? Kick your application into gear with a free, no-obligation quote through Savvy today!
Why compare leisure loans with Savvy?
Once you tell us about yourself and the loan you're after, we'll compare offers for you and prepare your formal application.
We're partnered with some Australia's leading lenders to bring you a range of competitive offers to compare in one place.
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What types of motorbikes can you finance?
We can help you finance just about any type of motorbike. However, they must meet at least one of our partners’ eligibility criteria. These include:
- Adventure bikes (such as the KTM 890 Adventure R)
- Cruiser bikes (such as the Kawasaki Vulcan)
- Dirt bikes (such as the Honda CRF450R)
- Dual-sport bike (such as the Kawasaki KLR650)
- Quad bikes/ATVs (such as a GMX Sports Quad Bike)
- Scooters (such as the Vespa GST 300 Classic)
- Sport bikes (such as the Harley-Davidson Sportster S)
- Touring bikes (such as the Harley-Davidson Road King)
You can also finance any of the above regardless of whether they’re new or used and purchased through a dealership or private seller.
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Motorbike loan eligibility and documentation
Answers to common motorbike loan questions
What happens if your bike is written off?
All road-registered motorbikes that are under finance require a comprehensive insurance policy. This means that if your bike is written off during your term, you can receive a payout and clear your remaining debt. However, if the payout is lower than your outstanding balance (or rejected entirely), you’ll still be responsible for paying off the loan in full.
Can I get an unsecured bike loan?
Yes – if the bike you want to buy doesn’t qualify for a standard loan, you could look at an unsecured loan instead. This may be the case if your bike is too old, not in good enough condition or fails to meet any other of your lender’s criteria. Speak to one of our consultants today to find out what options are available for the bike you want to purchase!
What if I’m buying a motorbike for my business?
If you’re looking to purchase for your business, you can take out a chattel mortgage. This works the same as a consumer loan, but is designed for products with 51% or more commercial usage. With a chattel mortgage, you’ll be able to claim things like interest, GST and depreciation on your bike (subject to how you use it).
Will I be able to lease my motorbike through Savvy?
Yes – we can help you source a competitive commercial lease agreement for your motorbike. From finance leases to operating leases, enquire with us today!
Can I get extra bike parts financed?
Yes – you can include a range of extra parts in your bike loan. From new wheels or exhausts to adding accessories like your jacket and helmet, we can make it happen!
