A Rider’s Guide to Motorbike Loans in Australia

A Rider’s Guide to Motorbike Loans in Australia

Dreaming of owning your own motorbike? Whether it’s your first bike or your next upgrade, understanding how motorbike loans work can save you time, money and stress.

Here’s a breakdown of what to consider before financing a motorbike in Australia.

1. How Much Can I Borrow for a Motorbike?

Motorbike loans typically range from $5,000 to $50,000 depending on:

• The type and value of the bike
• Your credit history
• Whether the loan is secured or unsecured

At Hanna Lending, we assess your financial situation and match you with suitable lenders so you don’t overextend or undershoot.

2. Can I Get a Loan for a Used Bike or Private Sale?

Yes. Many lenders offer finance for used bikes, including from private sellers. Just note:

• The bike usually needs to meet age or condition criteria
• Some lenders require an inspection or valuation report

We help make these steps simple and stress-free.

3. What Do Lenders Look For?

When applying for a motorbike loan, lenders assess:

• Income and employment history
• Existing debts and expenses
• Credit score
• The value of the bike (if secured)

We help you prepare your application to give you the best chance of approval, often with same-day results.

4. Is Insurance Required?

Most lenders require comprehensive insurance for secured loans. Make sure to factor this into your budget before applying.

5. How to Get the Best Deal

Here’s how to improve your loan terms:

• Improve your credit score before applying
• Save a deposit (even 10% can help)
• Avoid dealership pressure by getting pre-approval through a broker

As finance brokers, we advocate for you, not the lender, so you always get honest advice and competitive rates.

Let’s Get You Riding

We love helping Aussie riders get on the road with confidence. From cruisers to scooters, we’ll guide you through the finance process from start to finish.

Get in touch to chat about your options. No pressure, just good advice.