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Can You Finance Motorcycle Parts?

Whether you’re new to the motorsports world or looking for new parts for your motorcycle, you might be wondering whether you can finance your parts.

The short answer: Yes, but it depends.

Different options are available at different motorsports dealers, with some dealers not providing financing options at all.

Before covering these tracks, it’s important to know your credit score. If you have bad credit, getting a loan is going to be harder, although all is not lost just yet.

If you’re getting a loan directly from the dealer, then you might need collateral. However, that depends on many different factors, such as your credit score and how much you’re financing your motorcycle parts for. After all, you might only need to finance a couple of hundred dollars, and collateral likely won’t be necessary for this small of a loan.

Either way, it’s important to know that you have many possibilities when it comes to financing motorcycle parts and everyone’s situation is different.

Finance through the dealer or manufacturer

While financing through a dealer or manufacturer might make more sense if you’re buying a used or new motorcycle because you’ll need a bigger loan, depending on how much money you need for parts, it could be a possibility.

Not only that, but some motorcycle companies provide alternative methods, such as FlexPay.

According to HSN: “Why pay full purchase price today when you can pay over time? FlexPay is a convenient way to shop that allows you to easily divide your purchase into monthly payments with your debit or credit card. Get it home now, pay it off later. Yes, it’s that easy.”

HSN adds, “At the time of purchase, we will bill your credit/debit card or PayPal account for the first installment plus tax and shipping and handling fees. The remaining installments are then automatically billed to your credit/debit card or PayPal account every 30 days beginning 30 days after the original order date.”

If this type of service is available, it could be your smartest choice for financing Klim parts or other notable brands, whether you’re buying over the boot pants and accessories or parts for your motorcycle. This service allows you to finance a smaller purchase with manageable payments.

Apply for a loan at a bank or credit union

Once again, this path might not make sense (or even be available) based on the amount of money you need for motorcycle parts. However, if you’re in good standing with the bank and have an excellent credit score, a bank loan can help you get the money you need.

Apply for a personal loan

Another financing option is applying for a personal loan. Typically, personal loans are unsecured, which means no collateral is needed and borrowers qualify based on factors such as credit history and income.

Third-party lenders are also available if you’re having trouble qualifying for a loan because of a bad credit history. With third-party lenders, rates could be higher. Therefore, it’s best to pay back the loan as fast as possible so the interest and amount you owe doesn’t get out of hand.

There are many alternatives and methods to financing motorcycle parts. Some stores provide financing while others don’t. Everyone’s situation is also different so a bank loan might make more sense than a method like FlexPay based on the interest rate, monthly payment, how much you want to borrow, etc.

But the most important thing to remember is that it’s possible to finance motorcycle parts. If your purchase is more than $1,000, then a loan might be your best-case scenario; however, services like FlexPay make it achievable to finance smaller purchases.