Best Bad Credit Motorcycle Loans to Cruise Through 2024

Overview — myAutoloan is a privately held online financing marketplace founded in 2002 under Horizon Digital Finance, LLC. Namely, what sets myAutoloan apart from other companies offering motorcycle financing deals for people with bad credit is that they do all the heavy legwork for you.

In other words, they match you with one of their numerous lending partners that fits your needs and qualifications. As such, you’re not borrowing directly from them, so to speak.

In fact, myAutoloan boasts that they can provide you up to four offers within just a few minutes. And although they encourage their customers to improve their credit scores first, they still provide motorcycle loans for bad credit regardless.

Loan rates — myAutoloan takes pride in its competitive interest rates from its partner lenders. In fact, it can go as low as 2.09% on the average for a refinanced motorcycle worth $8,000, the minimum loan amount it offers.

Nevertheless, if it’s a motorcycle finance loan for bad credit, you can expect a slightly higher interest rate; the lower the credit score, the higher the interest rate of your loan. 

Of course, other factors also play a role in determining your interest rates, such as your income, the type of loan (new, used, refinanced, private party, and lease payout), as well as the duration of the loan.

Minimum credit score requirement — A 575 FICO score (one of the two credit scoring models used in the US) is the minimum requirement from a borrower — hence why we placed it on our list of best companies providing motorcycle financing for bad credit. 

Needless to say, the higher the credit score, the more chances for you to receive better offers from its lenders.

Loan amount — Great news! myAutoloan can provide a loan amount anywhere from $8,000 up to $100,000. We tried its loan payment calculator for $100,000 at a 575 credit score to find out if it’s indeed the best motorcycle financing company for people with bad credit and we were pleasantly surprised.

Though, what we would have liked was a somewhat smaller interest rate (8.41%). That said, you can keep repaying your loan for as long as 72 months, which gives you plenty of time to return the borrowed amount and smaller monthly fees ($1,773 to be exact).

Customer reviews — For one, it sports some excellent customer reviews, as well as some pretty high ratings from the two most prestigious review platforms — the Better Business Bureau (BBB) and Trustpilot. 

In fact, it’s been a member of BBB since 2003 and has an A+ rating to match. Likewise, it has an excellent 4.3 rating from Trustpilot out of 792reviews.

In essence, customers said that they were extremely pleased with how efficient the loan process was and that they were offered different quotes to fit their current needs — hence why most of them claimed that myAutoloan was the perfect motorcycle loan for bad credit. 

In addition to that, out of the very few complaints that were issued, most were sorted by the company or are in the process of getting resolved.

Overview: When it comes to motorcycle loans with bad credit it doesn’t get better than Avant. Namely, the company fields a stellar reputation as an experienced personal loan lender that focuses on people with fair or bad credit. 

Moreover, the company boasts that it has helped over 800,000 customers thus far. Its mission: to lower the costs and barriers of borrowing for everyday people. Hence why it works with WebBank (a member of the FDIC).

To our delight, Avant will provide you with a good motorcycle loan despite it being a personal loan provider first and foremost. After all, it’s your money and you can do what you want with it.

In addition to that, Avant is also the top company for installment loans for bad credit ratings. Plus, the company offers some neat credit cards as well. So, you can rest assured that they know what they’re talking about.

Loan rates — Avant’s loan rates are determined by credit score like any other loans do. Hence, you can expect slightly higher APR — ranging from 9.95% up to 35.99% — depending on certain factors, such as the loan amount, credit score, and loan duration, for instance.

That said, it has fewer lending options and a shorter loan term of only 60 months compared to myAutoloan. Likewise, it charges an administration fee of up to 4.75% of the total approved loan amount. 

For example, let’s say they’re financing a motorcycle with no credit and the loan amount is $7,500. You will only receive $7,143.75 as $356.25 will get deducted because of the administration fee, so it’s worth keeping that in mind.

Minimum credit score requirement — What we liked about Avant, in particular, is that it accepts a wide range of credit scores ranging from poor to fair (between 600–700).

Better yet, numerous bad credit motorcycle loans reviews revealed that Avant does, in fact, approve some loans below 600 (around 580 to be exact). Meaning, there’s still hope for people slightly below this range.

Loan amount — For a personal loan lending company, Avant is pretty generous with the loan amount it can approve. Namely, between $2,000 to $35,000, so a lot of people turn to them when they need to cover pet expenses. And although great, this is a lot lower compared to our top pick — myAutoloan. 

Still, the maximum loan amount that Avant can approve for a motorcycle loan is more than enough.

Customer reviews — We’re glad to announce that Avant certainly did not disappoint in this department. Namely, Consumer Affairs recorded an excellent user rating of 3.8/5 stars out of 153 customer reviews. 

Moreover, Avant has a 4.7/5 star rating out of 20,830 reviews on Trustpilot, as well.

For instance, a lot of customers pointed out that Avant has a much faster application process for motorcycle financing for bad credit compared to some other providers.

Overview — Upstart is one of the first lending platforms to use artificial intelligence (AI) technology in the industry. Founded back in 2012 by three ex-Googlers — Dave Girouard, Paul Gu, and Anna M. Counselman — the company aims to improve access to affordable credit, including bad credit Harley Davidson loans. 

More importantly, Upstart intends to reduce both the cost and the risk of their bank partners to allow higher approval rates and lower loss rates. 

This is done by strengthening the platform’s AI capabilities. In other words, Upstart is a non-traditional lending company that uses an underwriting model to evaluate borrowers.

Note that you have to choose “personal loans” in the dropdown menu on its website if you want to get your motorcycle loan.

Loan rates — The things we loved: firstly, it offers a low minimum loan rate of just 6.76%. The bad point: this could potentially go up as high as 35.99% depending on factors like education, income, savings, and recent loans.

What we also liked was that you just have to enter your info on the platform’s online prequalification form to get a rate quote. Plus, Upstart will then run a soft credit inquiry for you. 

After that, you’ll receive the result in a matter of minutes. Best of all, soft credit inquiries will not affect your credit score. So, it’s especially beneficial for a motorcycle loan for people with bad credit.

Credit score requirement — Upstart’s minimum credit score requirement is only 580. Naturally, the higher the credit score, the more likely you are to get a loan. 

Nevertheless, what sets Upstart apart from other lenders is that the company’s underwriting model benefits everyone, including younger applicants.

Loan amount — Upstart offers personal loans anywhere from $1,000 to $50,000. 

Note that some states have state-specific requirements. For example, in Massachusetts, New Mexico, Ohio, and Georgia, where the minimum loan amount is fixed between $5,000 to $7,000.

Let’s say, for instance, you plan on taking Suzuki motorcycle financing with bad credit. Here’s an example calculation from Upstart: 

A $3,000 loan amount with a 36-month loan term for a credit score that falls around 350 to 629 will have monthly payments of $125, the estimated APR would be 28.7%, and the total interest would be $1,500.

Customer reviews — Upstart has outstanding customer reviews and user ratings. It has an almost perfect user rating of 4.9/5 stars out of 32,135 reviews on Trustpilot. 

Overall, ratings speak volumes about a company’s reputation. And in Upstart’s case, nearly all of the reviews praise the smooth application process. In fact, most were highly satisfied with the superb services they received from this best motorcycle loan lender for bad credit.

Overview — Here’s yet another financing company that works in the same manner as myAutoloan. In other words, Personal Loans connects you with their network lenders to find you the most suitable motorcycle financing deals even if you have bad credit. 

And as the name suggests, the company specializes in personal loans like Avant and Upstart, so you can use the loan fund for pretty much anything you want. In our case, motorcycle funding.

Founded back in 1998, Personal Loans has extensive experience in helping people get the funds they need. Moreover, dealers will find it especially good as they can use it to offer financing directly to customers.

Loan rates — Typically, the best motorcycle financing rates vary from state to state — hence why Personal Loans’ standard loan rates range from as low as 5.99% up to 35.99%. 

Apart from that, financing rates depend on several other factors, such as your lender partner’s requirement, your credit score, repayment history, and more.

Luckily, Personal Loans provided several loan examples for all types of personal loans, including motorcycle:

Credit score requirement — Since Personal Loans is not a direct lender, the credit score requirement depends on their specific lending partner. That said, the company generally recommends a credit score of at least 600, which still falls within FICO’s fair to poor rating range.

It’s also worth noting that in order to qualify for personal motorcycle loans, even with bad credit, you must have a minimum verifiable income of at least $2,000 a month. 

In addition, you’ll also have to provide them with your driver’s license or state ID number, social security number, and the bank type you will use for the loan.

Loan amount — For a personal loan connector, Personal Loans’ loan amount range is pretty impressive, especially for those looking for loans for bad credit scores. 

For instance, the minimum loan amount is $1,000, but it can go as high as $35,000. Most other companies that connect borrowers to lenders have a cap of merely $10,000, putting Personal Loans in the higher loan amount bracket.

Now, to give you an accurate example of how much you can expect to pay each month, let’s imagine you’re looking at Harley Davidson loans but with bad credit (around 600). In that case, we’re looking at about $4,000 with an estimated APR of 28.7% and a 24-month loan term, which comes down to — $221 per month and a $1,304 total interest amount.

Customer reviews — Despite there not being a whole lot of customer reviews, they were nonetheless stellar, adding up to a total rating of 4.6/5 on Trustpilot. Likewise, Personal Loans had a solid 3.29/5 star rating from Sitejabber, as well.

Most customers praise the site and how easy it is to navigate, whereas others were thankful for getting approved for bad credit motorcycle financing. There were only a few minor complaints from users about being bombarded by numerous lenders via email.

Overview — LightStream is an American consumer lender and is a division of Suntrust Bank. It has been providing unsecured personal loans to numerous customers since it was founded back in 2012.

And albeit it focuses more on people with good to excellent credit scores, its minimum credit score requirement of 660 still makes it eligible for our list of top loan companies for riders with less than perfect credit scores.

We also loved the fact that there are no origination, late payment, or prepayment fees. Better yet, LightStream offers rate discounts to borrowers who sign up for AutoPay, which we haven’t seen with a lot of the other lenders. 

All things considered, LightStream is actually one of the lowest and best motorcycle financing rates we’ve seen during our research.

Loan rates — Speaking of loan rates, you can get as low as 2.49% if you sign up for AutoPay. Note that this can go up to 19.99%, depending on the state-specific requirements, the loan amount, your credit score, income, and current expenses.

On the other hand, if you don’t sign up for AutoPay, the rates will be 0.50% points higher, so that’s something to keep in mind.

Also, there’s yet another thing that helps LightStream stand out — namely, the Rate Beat program.

In a nutshell, LightStream will beat any competitor’s rate by 0.01% if you can provide proof that you got approved by that competitor for the same amount, purpose, and payment method.

Now, that’s hard to beat and particularly useful for those looking for the best motorcycle financing rates.

Credit score requirement — As previously mentioned, LightStream doesn’t necessarily specialize in bad credit scores. Yet, its minimum credit score requirement of 660 puts it in the not-so-good bracket — hence why we included it on our list.

Loan amount — Starting from $5,000 up to $100,000, the loan amount range LightStream has is pretty generous. The catch — you can’t borrow anything below $5,000. 

That is why we recommend using that extra amount for something else aside from financing a motorcycle. It’s best to plan this in advance.

Customer reviews — LightStream has tons of customer reviews on its page — a whopping 20,610, to be exact! 

If we look at motorcycle loan rates by credit score, LightStream is among the most affordable lenders. Yet, surprisingly, LightStream’s user rating on Trustpilot is pretty low, sitting at only 2.1/5 stars. 

Though, it’s worth noting that there are currently only 19 customer reviews, so this could be the reason why. 

All in all, we expect to see more in the near future.