Motorcycle Loan Calculator

What to Consider for Motorcycle Loans and Payments

Motorcycling journeys are best-enjoyed as free-spirited adventures. However, the purchase of a new or used motorcycle is a trip where forethought and planning should be exercised to avoid being taken for an undesired ride. When looking at a cruiser, off-road bike or scooter, it's best to know what you can afford prior to buying. Through this motorcycle loan calculator, you can determine monthly motorcycle payments by simply entering in a few details, including your planned down payment and interest rate. If you are unsure what motorcycles fit your new budget, this loan calculator can also help you by supplying recommendations based on your results.

Motorcycle Price
 
Enter the MSRP, sales, asking or retail price of your motorcycle.
Trade-in Value
 
What is the NADAguides trade-in value of your current vehicle? Note: make sure to deduct any remaining loan balance if you have one.
Down Payment
 
Will you be putting money "down" on the purchase? If so, how much?
Loan Interest Rate
 
What finance/motorcycle loan interest rate do you qualify for? 3.95% is based on average credit score.
Loan Term
How quickly (in months) do you plan to pay off the motorcycle loan? Typically loan terms are offered at 36, 60 and 72 months.
Sales Tax
 
Sales tax is a combination of your local and state sales tax rates. This figure is not represented in the sticker price of a vehicle, but contributes to the total cost of purchasing a motorcycle.
Don't know?
Monthly Payment
 
Enter your desired monthly payments
Trade-in Value
 
What is the NADAguides trade-in value of your current vehicle? Note: make sure to deduct any remaining loan balance if you have one.
Down Payment
 
Will you be putting money "down" on the purchase? If so, how much?
Loan Interest Rate
 
What finance/motorcycle loan interest rate do you qualify for? 3.95% is based on average credit score.
Loan Term
How quickly (in months) do you plan to pay off the motorcycle loan? Typically loan terms are offered at 36, 60 and 72 months.
Sales Tax
 
Sales tax is a combination of your local and state sales tax rates. This figure is not represented in the sticker price of a vehicle, but contributes to the total cost of purchasing a motorcycle.
Don't know?

Motorcycle Price: 

Interest Paid: 

Sales Tax: 

Total Cost: 



Motorcycle Payment and Affordability Calculator Help

Motorcycle Price – This figure represents the motorcycles sticker price or negotiated price, this is the price that the seller and buyer have agreed upon for purchase of the motorcycle. This figure does not include sales tax or the cost of financing the loan.
Monthly Payment –This figure represents the amount the borrower is responsible for on a monthly basis. When allocating a budget for a monthly auto loan payment, a purchaser should also consider auto insurance, repairs, maintenance, and fuel costs.
Down Payment – This figure represents the amount a purchaser is going to pay at the time of purchase. The higher the down payment amount, the lower the amount of interest the purchaser will pay over time.
Trade-In Value – This figure represents the value of your current vehicle, minus the amount you still owe on its loan, if any. To find your vehicles Trade-In Value simply select your vehicle from this page, and subtract any outstanding loan balances from that value.
Interest Rate – This is the rate at which you will have to pay back additional funds for the use of money lent to you. Interest Rates are calculated based off of borrower’s credit scores, and the amount of money being lent. To minimize the amount of interest paid, increase the amount of your down payment and increase your monthly payments when possible.
Loan Term – This is the amount of time a loans repayment is scheduled over. Typically a longer loan term means a buyer will have a lower monthly payment, but will pay more in interest over time.
Sales Tax – Depending on the state you are buying a new motorcycle or a used motorcycle in or even leasing it, you may have to pay state sales tax. Keep in mind trading in your existing motorcycle may reduce the taxable amount as well. Also, some states compute your sales tax before a rebate or incentive is applied to the purchase price and other states figure it afterwards.
FICO Score – FICO® scores can impact the interest you pay on a loan. Below is an example set of FICO® scores and the respective APR. You can see that working to get your score in the higher ranges can mean more savings! Use the below FICO score table to better estimate the APR you will qualify for.
FICO Score APR
760-850 3.442 %
700-759 3.664 %
680-699 3.841 %
660-679 4.055 %
640-659 4.485 %
620-639 5.031 %
Actual price and payments may be different due to local rebates, specials, fees, and credit qualifications. Consult your dealer for actual price, payments, and complete details. View Disclosures.
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