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Motorcycle Loan

Affordable Freedom

The open road is calling. If you’re ready to buy a new or used motorcycle, we can help with low, fixed-interest rates, making owning a motorcycle as easy as the wind will be when you ride. Once you’ve decided on your perfect bike, we can start working out the payment details.

We can also provide loan insurance for your motorcycle, with options like Mechanical Breakdown Protection (MBP) and Guaranteed Asset Protection (GAP) coverage with Auto Deductible Reimbursement (ADR). These can easily be rolled right into your loan payments.  


Two people traveling along country road on a motorcycle financed through First Source


Motorcycle Loan Rates

You can see our current motorcycle rates below. For a rough idea of what your payment may be, you can use our Motorcycle Loan Calculator to calculate typical motorcycle loan payments using a loan amount, interest rate, and desired payment period.


Ride Smarter

Get out on the open road sooner with a Motorcycle Loan. Start the application process below.

 

If you’re not ready to apply for a Motorcycle Loan, and have questions, we are here to help. Call 315-735-8571 to talk about your options or make an appointment with one of our friendly and knowledgeable representatives today. Simply click on the button below, select the “Apply for a Loan” service from the menu and choose the “Auto/Recreational” option.

Let’s Get Started

We look forward to helping you.

Apply Now

Protect Your Investment


Mechanical Breakdown Protection

Mechanical Breakdown Protection covers mechanical breakdowns above the original manufacturer's warranty. This helps ensure that your vehicle investment is protected, and reduces the possibility of out-of-pocket expenses during an unexpected mechanical failure.

Your benefits:

  • $0 deductible on all plans
  • Immediate coverage
  • Direct pay to repair facility
  • Emergency roadside service included
  • Rental car allowance
  • Battery coverage
  • Competitive rates
  • Cost can be included in your loan or purchased outside your loan
  • Fully transferable

Guaranteed Asset Protection

If your vehicle is totaled or stolen, your insurance settlement can be significantly less than the outstanding loan balance. GAP is designed to relieve you of the responsibility for the remainder of the loan balance that may not be covered. We’ll make up that difference.

Your benefits:

  • Low cost protection
  • Eliminates the out-of-pocket expense for the remaining loan balance after loss settlement
  • Auto Deductible Reimbursement (ADR) pays up to $500 per loss (limit of 2 losses per year) when claim is filed and paid with your primary insurance carrier
  • Helps you avoid financial hardship and afford a replacement vehicle
  • Prevents deficiency balance from being added to new loan
  • Helps protect credit rating
  •  
  • Learn more about GAP coverage and get a quote here.

*In order to purchase GAP, you must have an active loan with First Source Federal Credit Union on the asset to be covered.

Not sure which term is right for you?

Check out our helpful loan comparison calculator.


Motorcycle Loan Comparison Calculator

2020-2022
Including Classics

Term APR
12 Month as low as 1.44%
24 Month as low as 1.44%
36 Month as low as 1.54%
48 Month as low as 1.64%
60 Month as low as 1.74%
72 Month as low as 2.09%
84 Month as low as 2.59%
96 Month as low as 3.59%
108 Month as low as 4.59%

2017-2019
 

Term APR
12 Month as low as 2.04%
24 Month as low as 2.04%
36 Month as low as 2.14%
48 Month as low as 2.24%
60 Month as low as 2.34%
72 Month as low as 2.79%
84 Month as low as 3.29%

2016 & Older
Excluding Classics

Term APR
12 Month as low as 4.34%
24 Month as low as 4.34%
36 Month as low as 4.69%
48 Month as low as 4.94%
60 Month as low as 5.24%
72 Month as low as 5.64%

Loan rates and terms are determined by overall credit history and are subject to change without notice. Applications are subject to credit approval. Loan to value is determined by credit score.

Monthly payments for a 5 year new vehicle loan at 1.74% would be $17.42 per $1,000 borrowed.
Monthly payments for a 5 year used vehicle loan at 2.34% would be $17.68 per $1,000 borrowed.
Monthly payments for a 5 year older vehicle loan at 5.24% would be $18.98 per $1,000 borrowed.

*Federally insured by NCUA. Membership and credit requirements apply. Rates and terms determined by overall credit history and subject to change.