Motorcycle Loans

Get riding on a moped, motorcycle, or dirt bike with a low rate and flexible terms.

The Open Road Awaits

Flexible Loans to Fit Your Need for Speed

Whether you’re an avid biker or a weekend rider, TEG’s motorcycle loans make it easy to head out on the highway. We can help you get a payment you can afford — so you can keep more money in your pocket and enjoy your ride even more. Our new or used motorcycle loans come with low rates and great benefits, and you’ll be ready to hit the road in no time at all.

  • Quick Online Approvals
  • Flexible Payment Terms Up to 84 Months* (*for qualified buyers)
  • Competitive Loan Rates
  • .25% Rate Discount For Automatic Payments
  • No Application Fee

New & Used Rates for the Best Motorcycle Loan on Two Wheels

 APR as low as:
Vehicle Model Years 2022-20182.49%*
Vehicle Model Years 2017-20133.34%*
Vehicle Models Older Than 20135.64%*
*Rates effective as of 11/1/2021. Annual Percentage Rates (APR) shown are “as low as” and are based on an evaluation of the applicant’s credit, term of loan and loan-to-value ratio. Your rate may vary from rates shown. Other rates and terms available. Rates are subject to change at any time. The stated rate is discounted by .25% and includes a requirement that loan payments are automatically transferred from your account for the life of the loan. Internal refinances and auto equity loans rates are different and are not eligible for promotional rates.

Payment example: $10,000 loan for 48 months at 2.74% APR will result in an approximate monthly payment of $22.02 for each $1,000 financed.

New & Used Motorcycle Loan Calculator

When you’re in the market for a motorcycle, you’re probably in the market for a motorcycle loan as well. If you’re ready to kick start your motorcycle purchase, use our loan calculator to find out what your monthly payments might look like.

 
 



 

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*Interest rate shown includes 0.25% discount for automatic loan payment and does not reflect the age of vehicle purchased.

 
 

When you’re pre-approved, you hold the keys.

How does being pre approved help you? When dealers see that you’re preapproved, they know you are a serious buyer. They’ll be ready to make a good deal to get your business, and you can be confident knowing that you have a low-rate financing option with us.

Getting pre-approved gives you important details, such as:

  • How Much Can You Afford? You don’t want to fall in love with an auto that will break your finances. Alternatively, if you’re going to splurge, you can do so with confidence.
  • How Much Are Monthly Payments at Various Purchase Prices? Don’t let the sales staff figure this out for you – they can “massage” the numbers to make a purchase look more appealing (while at the same time it becomes more expensive).
  • What Interest Rates Are Available? You’ll get a feel for what is available, and you will have an offer in hand before you walk into a dealership.

Our Biker-Friendly Application Process

Step1

Apply Online

Fill out our quick and easy online application.

Step2

Loan Review

We review your information to determine eligibility, loan amount, rates, and terms.

Step3

Get a Check

Once you’re pre approved, you’re ready to hit the dealership or buy from a private party.

New & Used Motorcycle Loan FAQs

How does pre-approval work?

When you’re pre-approved, you hold the keys. Your financing is good to go before you shop and you know what you can afford.


Why should I refinance if I already have a motorcycle loan somewhere else?

Refinancing your motorcycle loan from another institution could save you hundreds or even thousands over the life of your loan.


Does TEG charge a fee when I apply for the loan?

There is no application fee when you finance your new or used motorcycle through TEG FCU.


How can I protect myself and my new or used motorcycle loan? Does TEG FCU offer insurance?

In addition to GAP Protection, TEG Payment Assurance, we also offer Mechanical Breakdown Protection in the event that you need emergency or roadside assistance.


Why is TEG FCU able to offer lower interest rates than a traditional commercial bank?

Our low motorcycle loan rates are a result of our status as a member-owned nonprofit financial institution. Because we pass all our savings along to our members in the form of higher dividends on their accounts and competitive interest rates on their loans, we are able to offer financing to our members at the lowest rate possible given their credit.


What can I expect if I don’t have excellent credit?

Whether you have good credit or bad credit, credit unions are able to work with you to help make your financial goals a reality.

If you’re interested in improving your credit to get the best available loan offered to you, we offer credit cards and fresh start loans, as well as financial education to help you boost your credit score.


Motorcycle Loan Resources

Purchasing your bike is only the beginning. Once you’ve got your motorcycle, moped, or dirt bike, you’ll want to protect yourself and your finances from any unforeseen challenges.

We’ve got the products and services to protect you, your family, and your bank account from any financial worst case scenarios.

TEG Payment Assurance

Protect yourself, your loved ones, and your finances from unnecessary financial hardship with payment assurance. 

GAP Protection

Purchase coverage in the event that your motorcycle, moped, or dirt bike is totaled before you complete your loan payments.

Mechanical Breakdown

Learn how to set up online banking and begin taking advantage of eStatements, auto pay, and other convenient features.

**All rates shown are “as low as” and are based on an evaluation of the applicant’s credit, term of loan and loan-to-value ratio. Your rate may vary from rates shown. 

Other rates and terms available. 

Rates are subject to change at any time without advance notice. Promotional rates do not apply to auto equity loans.  

The stated rate is discounted by .25% and includes a requirement that loan payments are automatically transferred from your savings, checking, or money market account for the life of the loan. 

Different rates apply to internal refinances, classic vehicles and auto equity loans – see credit union for details.