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Car Finance Expert Q&A

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Edwin Miles. Underwriting Manager

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Do you have a question about Carfinance247 or its services? If so, please complete the form below for a response within 1 working hours. I have over 7 years experience working for Carfinance247 and have the responsibility to answer all questions asked.

Bad Credit Motorbike Finance

Hello, i have a bad credit rating but i need to buy a motorbike to commute to work on. Is finance available for motorbikes instead of cars also?

Posted by Ads on

Answer.

Hi Ads, yes motorbike finance is available and we have a few lenders who help people get approved when they have bad credit. We obviously can't guarantee an approval at this stage though.

Have you seen a motorbike you wish to purchase and if so do you have any deposit? As long as you have a UK licence, 3 months payslips and some current active credit (bank account, contract mobile phone, loan, store/credit card etc) we may be able to help.

Please make an application when you're ready and when approved you can get a bike from any dealer - we also provide a no obligation quote. Kind Regards, Edwin

Posted by on
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Question.

Yes, I have found a bike and i have almost half the asking price for a deposit.

Posted by Geoff Fenn on

Answer.

Great Geoff, please apply on our website when you get 5 minutes and let me have your reference number as i can then get our motorbike specialist to give you a call. Edwin

Posted by on

Question.

Hi, I have got really bad credit but I work full time as a nurse and I can't get finance for a motorbike. Can you help? I tried doing form but keeps crashing.

Posted by Kay on

Answer.

Hi Kay, at what point does the application form crash? We can help people obtain bad credit motorbike finance but we need your application first. There doesn't seem to be any issues today :-)

Posted by on

Question.

Hi, I live in a rural area and I have found a bike for £800 but I have the worst credit rating but I need this bike for a job 15 miles away can you help?

Posted by Simon on

Answer.

Hi Simon, the minimum lend is £1500 i'm afraid if we could get you accepted. Would you consider getting finance for a newer bike?

Posted by on

Question.

Hi, I have got really bad credit but I work full time and permanent job!! Can I get finance for a motorbike? If this is possible!! Please help me!!! Thanks

Posted by Syjami on

Answer.

Hi Syjami, we do have one lender that may be able to help. Please apply when you get 2 minutes and we'll see what we can do. Edwin

Posted by on

Question.

Hi, I currently have a very poor credit score due to my past, i had to go bankrupt and am now discharged. i Have a credit card that i pay fully off each month. I am looking to buy a Motorbike to commute to work and back. I have a deposit of £400 and would need approx £1k loan for a used Motorbike, any chance that i could get the funds?

Posted by Dean on

Answer.

Hi Dean, there is a possibility we could get you approved for a bike loan however the minimum advance is £1500. Edwin

Posted by on

Question.

Hi,I have 3 defaults in the past and one last year from a mobile phone contract, however I have kept a steady credit history and have always kept up to date on my credit cards and have just finished car finance on an 18 month loan and did not miss one re-payment. Are you likely be able to help me? I am also looking for motorbike finance. Regards

Posted by Luke on

Answer.

Hi Luke, it seems as though you're getting back on track and you have some clean active credit which is great.

We have helped people with credit issues obtain motorbike finance in the past so, please apply when you're ready. Regards, Edwin

Posted by on

Question.

hiya. As a way of cutting costs im looking at bike finance. But have credit issues. Can you help and can i use my current car as a deposit? Regards

Posted by Rob on

Answer.

Hi Rob, yes you could use your car as a deposit (as long as the bike dealer wants to take it in swap) and we could try and get you approved for bike finance. Please apply when you're ready.

Posted by on

Question.

Hi, I was refused motorbike finance yesterday at the dealers, I have a pretty bad credit rating due to bad past fractions and being self employed. Bike is £10,000 and I have a £2,500 deposit. Decision went to the underwriters who said no. Is there any point in applying with you?

Posted by Tony on

Answer.

Hi Tony, we can try to help secure bike finance for those with a poor credit history. We can't guarantee an approval but we'll certainly try our best. Please apply when you're ready. Edwin

Posted by on

Question.

Hi, I was wondering that if I am just out of a bankruptcy would I be able to get finance for a motorbike?

Posted by Jo on

Answer.

Hi Jo, it may well be possible as long as you have some current clean credit, proof of income, electoral roll history and a deposit of some sort. Is this the case?

Posted by on

Question.

yes I do now have clean history , I work full time and am on the electoral roll I would have a small deposit , but would the finance be for a motorbike ?

Posted by Jo on

Answer.

Good news Jo - yes we can finance motorbikes :-) Please apply.

Posted by on

Question.

I don't have a good credit history and I've been trying to get bike finance. I have a Yamaha r6 as a deposit can you help me please?

Posted by Dave Bonner on

Answer.

Hi Dave, thank you for your question. We do have lenders that help people with bad credit get bike finance and as you have a part ex as a deposit that'll help strengthen the application. Please apply when you get a few minutes. Kind Regards, Edwin

Posted by on

Question.

Hello mate, i have a terrible credit rating due to a poor past but am currently looking to get a bike to travel to work. Is there anything you could do to help please?

Posted by Andrew on

Answer.

Hi Andrew, apologies for the delayed response. We do have lenders on our panel that help people with poor credit get a bike loan. Please apply when you get a moment and if approved we provide a no obligation quote and you can choose a motorbike from any dealer. Edwin

Posted by on

Question.

Hi, I have a bad credit history but require a reliable and newish bike to commute to work. I have a bike worth about £2000 to p/x. Can you please help with finance? I would be looking at £5000 over 48 months. Thanks

Posted by Christopher Jackson on

Answer.

Hi Christopher, thank you for your question. We do have a few lenders that help people with bad credit get approved for bike finance. As you have a £2000 deposit in your part-ex this will help your chances too. Please apply when you get a few spare minutes. Kind Regards, Edwin

Posted by on

Question.

Hi, I am currently seeking funds for a bike to commute to work with.

I am self employed though and get paid cash in hand but, I do have invoice receipts from the work done. I have a really poor credit history from my teenage years which is hitting me hard now but, I am on the road to correct the outstanding balances over time.

So what information would you require and what's your honest opinion of me getting accepted without a deposit? If you could help it would be great! Thanks, Jean-Marc

Posted by Jean-Marc Helps on

Answer.

Hi Jean-Marc, thank you for your question.

You have come to the right place if you need motorbike finance with past credit issues. We have a couple of lenders that can potentially help and from what you have said i'm reasonably confident that we can.

As long as you have a UK licence, 3 months bank statements proving your income (do you pay the cash into your bank) and some current clean credit history we should be able to get you approved for a bike loan without a deposit.

Please apply here when you're ready to do so. Kind Regards, Edwin

Posted by on

Question.

Hi, i have really bad credit history from my poor past. I need a bike on finance to travel to and from work.

I'm in full time work but have only been working for 2 months in this job. Is there anything you can do?

Posted by Bryn Gillie on

Answer.

Hi Bryn, thank you for your question and apologies for the delayed response.

We can potentially help people with bad credit get bike finance, but we usually need to see 3 months proof of income as a minimum. My advice would be to get 3 months payslips ready and then apply.

Please make an application when you're ready and if approved you can choose a motorbike from any dealer and we also provide a no obligation quote. Kind Regards, Edwin

Posted by on

Question.

Hi, Unfortunately I am unemployed due to a disability and am currently in receipt of disability living allowance and state benefits.

Would I be able to obtain £7k to purchase the perfect motorcycle for my traveling needs?

Posted by Rory Rothon on

Answer.

Hi Rory, thank you for your question and apologies for the delayed response.

We do indeed have lenders that help people on DLA and benefits secure motorbike finance. We can't guarantee an approval as this depends upon your credit history though.

Please make an application and if approved you can choose a bike from any reputable dealer and we also provide a no obligation quote. Kind Regards, Edwin

Posted by on

Question.

Hello, I am looking to finance a nearly new motorcycle and have a trade in worth approx 3k and some cash.

The only problem is i am still in a trust deed which finishes in January after 4 years. I have a well paid secure job. Thank you

Posted by Chris Hickey on

Answer.

Hi Chris, thank you for your question.

We do have one lender that helps people in trust deeds get motorbike finance. As you have a secure job and a large deposit i'm quietly confident we can help. It'd also help if you had some active clean credit.

Please make an application when you're read and if approved you can choose a motorbike from any reputable dealer and we also provide a no obligation quote. Kind Regards, Edwin

Posted by on

Question.

I have poor credit rating due to problems over the past. I was refused credit for a motorcycle by a dealer the other day who said they dealt with poor credit.

I work full time in a stable job, can provide proof of income if needed. The bike I am looking at costs £2500. Is it worth trying with you or should I just give up ?

Posted by Steve on

Answer.

Hi Steve, thank you for your question.

We can help people with bad credit get bike finance so don't give up just yet. The bike dealer you dealt with may not have as many lenders on their panel as ourselves. As you are employed full time this obviously helps and if accepted £2500 won't be a problem as long as you can prove your income (payslips / bank stats).

Please make an application when you're ready and if approved you can choose a motorbike from any reputable dealer and we also provide a no obligation quote. Kind Regards, Edwin

Posted by on

Question.

Hi, we got car finance a few months ago. Could we get bike finance as well thanks? K. Zanelli.

Posted by Kevin on

Answer.

Hi Kevin, we can help you get bike finance even though you recently took out car finance as long as your income supports both payments for the car and bike.

Please make an application when you're ready and if approved you can choose a bike from any reputable dealer and we also provide a no obligation quote. Kind Regards, Edwin

Posted by on

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