Can You Get Motorbike Finance With Bad Credit?

You might have been declined by other motorbike finance companies, which has left you questioning whether or not you can finance a motorbike with bad credit. However, the answer to that question is yes - subject to the finance company itself of course. Advantage Finance specialises in motorbike finance for those with bad credit. "Bad credit" is a credit score that is deemed lower than average, and can often result in you being declined for finance. However, here at Advantage Finance we have a unique approach to assessing motorbike finance.

There are a number of different reasons for your score being classed as a "bad" credit score, and they can vary in a range of circumstances. However, here are a few common reasons for having a low score that can be deemed as a "bad credit score" including:

  • Minimal credit history (you haven't taken out loans and have always paid in cash for things)
  • Shared credit with another person who had credit issues and now your file is associated with their poor credit history
  • Missed payments on other credit agreements
  • Historical CCJs
  • Historical Defaults
  • Credit Arrears

As leading providers of motorbike loans, we go the extra mile to make sure we get to know you and your financial circumstances on a personal level. Financial circumstances can change massively within a short amount of time with pay rises, cleared debts, and lifestyle changes making a significant impact on your finances. However, credit scores can take a while to improve, so although your bank balance says otherwise, your credit score could still suggest you are unable to afford motorbike finance.

At Advantage Finance, we don't just look at numbers on a credit file, we'll look at your current financial circumstances, to get a good understanding of where you are at now in comparison to where you were at previously. By shifting most of our focus on your current financial situation, taking into account income and outgoings, we can make a decision based on what you are able to afford at present, which means we can approve many more applications than the average motorbike finance company. If we can approve you for our finance, all we ask is that you pay your monthly instalment to us, and that your personal goal is to repair your credit profile.

Guaranteed Motorbike Finance For Bad Credit

If you are looking for guaranteed motorbike finance for bad credit, it is likely that you have a low credit score that you don't want to get in the way of you purchasing a new motorbike. However, any company advertising guaranteed motorbike finance is not being truthful - and is in fact breaking the law - because guaranteed motorbike finance does not actually exist. What we can guarantee however, is that we will do our very best to say "yes" to your application. We deal with every application individually and fairly. As long as you can afford the repayments, and are looking to improve your credit score and personal circumstances, then your application will be considered favorable.

Financing Motorbikes

Whether you are looking for a Honda Superbike, or you're looking at financing your first 125cc, no matter what type of motorcycle you are interested in, we can help you get it with our bad credit motorbike finance. We are proud to have championed affordable motorbike finance for people of all circumstances, and can offer competitive and dynamic deals for those with poor credit. Finding out if you will get approved is a quick process via our online application form. We will assess your eligibility through a soft search, ensuring that it has no impact on your credit score. Once you've got the go ahead to proceed, we can get started on the full application and get you closer to your dream bike.

Our motorbike finance is through a HP (hire purchase) agreement. This type of finance allows you to purchase the motorbike over time, with the money we provide, which you then pay back in affordable monthly installments at a fixed rate of interest. Once the final payment has been made, the motorbike is all yours. This type of motorbike finance is perfect for those with bad credit as it can be tailored around your monthly budget, so you can make sure you are agreeing to a deal that you will always be able to afford.

Get Started Today

If you have a low credit score and are looking for motorbike finance in the UK that can accommodate a low credit score, then please don't hesitate to get in touch with Advantage Finance today. With a fast application process, you'll find out quickly if you have been approved, helping you get on the road with a motorbike you love. Contact us today by calling: 01472 233 200 or emailing:

© Advantage Finance Ltd 2001 - 2022. All Rights Reserved

Representative Example: Hire Purchase Agreement repayable over 48 months. Rate of Interest: 14.0% p.a. flat rate(fixed).
Vehicle Purchase Price: £7,500. Deposit: £0.00. Amount of Credit: £7,500. Acceptance Fee: £325.00. Interest Payable: £4,200.44.
Option to Purchase Fee: £200.00. Total Charge For Credit: £4,725.44. 47 Monthly Repayments Of: £250.53 Followed By 1 Final Repayment Of: £450.53
(Final payment includes Option to Purchase Fee). Total Amount Payable: £12,225.44. Representative APR:29.35%.
Hire Purchase. Terms and conditions apply. You will not own the vehicle until all payments are made.
Finance subject to status. Applicants must be aged 22 or over. Finance provided by Advantage Finance Limited.

Advantage Finance Ltd is registered in England and Wales with company number 03773673.Registered office: 2 Stratford Court, Cranmore Boulevard, Solihull, B90 4QT.
Advantage Finance Ltd is authorised and regulated by the Financial Conduct Authority (Firm reference No. 307864).
Advantage Finance Ltd is a member of the Finance and Leasing Association
Finance is available to UK residents only and is subject to creditworthiness and affordability assessment. Written quotations available on request.
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