FAQ

Yes. Finance for motorbikes is available for machines purchased from online platforms, from dealers, at auction, and through private sellers. Online purchases are generally second-hand motorbikes. Brokers will assist with checks such as if the machine is under finance and registration. Buyers should adopt best practice when purchasing goods online.

There is no specific income required to be approved for motorcycle finance. Individual applications are assessed based on the financials. Income, expenses, debts and credit score are all considered when lenders review applications. Lenders have their own guidelines for loan approval. Some lenders may have minimum income levels for loan approval. Using a broker may assist in finding the lender best suited to the loan applicant’s profile and income.

No. Holding a motorbike licence is not a requirement to be eligible to apply for a loan. Other eligibility criteria must be met.

Loan applicants will be offered the same rate if they submit a loan application online, by phone, or in a face-to-face meeting with the broker or lender.

Most brokers and lenders provide facilities to apply for a motorcycle loan online. Applicants may phone and speak with a broker about their requirements and/or submit the necessary details and documents via their online system.

A broker provides assistance to buyers to get a motorbike loan by handling the entire process on their behalf. The broker uses their lender contacts to select the most suitable lender and lending product and their market coverage to find the best interest rate. A broker covers many lenders without impacting the customer’s credit score. A broker handles all communications with lenders through to settlement. A broker provides expert advice and full loan services for buyers.

All types of motorcycles can be financed. These include off-road and on-road models, large and smaller engine capacity, LAMS approved models, new and used, custom and standard. Models from all manufacturers can be financed, subject to lender approval of individual applications.

Yes. When buying a bike from a seller in another state, the same loan application and assessment requirements, lending products and interest rates would apply. There would be no difference to a loan for a bike purchased in the buyer’s state compared with a bike from another state.

No. Buyers can apply for a loan from a lender or a finance broker that is based in any area of the country. The loan applicant does not need to live in the same city or state as the lender or broker.

An in-person meeting with a finance broker is not required to get a bike loan. Discussions, communication, and document exchanges can be carried out remotely via phone, email and online technology.