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What Is Dirt Bike Financing and How Does It Work?

Jun 6, 2022 | Blog, Financing

Having a dirt bike is every motorcycle lover’s dream, but not having the budget to buy one makes it seem like an impossible dream. Luckily, dirt bike financing is available to almost anyone who has a steady source of income. If you’re planning to buy a dirt bike and don’t have the necessary cash, here’s how financing can help.

How Dirt Bike Financing Works

Financing a dirt bike is typically possible through your local bank or a credit union. All you need is a steady income and a reliable source of transportation in order to get pre-approved for a loan at a local bank or credit union. If you have a good credit score, financing a dirt bike will be easy. The lender will typically hold on to the title of the dirt bike until you pay off the loan in full. 

A lender provides a loan for a pre-determined amount of time and interest rate based on the borrower’s credit score. If you have a good credit score, you may get the best dirt bike financing rates. If you have bad credit, the lender will charge higher interest rates for the same loan amount.

Dirt Bike Financing Options

There are two major types of dirt bike financing options out there – secured and unsecured. There are other forms of financing as well, so let’s take a look at all of these options, so you know what you’re getting into.

Secured Financing – Secured dirt bike financing offers to give you a loan for a pre-determined amount of money. The catch here is that you’ll have to provide something of value as collateral. If you fail to pay the loan, the lender can sell the collateral to get back at least some of its money.

The good thing is that a secured loan can give you flexible payment options. Your lender may even allow you to make monthly or bi-monthly payments, depending on your situation.

Unsecured Financing – Unlike secured financing, an unsecured loan doesn’t require you to provide anything of value as collateral. If you fail to make the loan payments, the lender will not sell the dirt bike to recover their money. That said, lenders usually charge higher interest rates for unsecured loans.

You might be able to get an unsecured loan if you have a good credit score. If you have bad credit, you will have to pay higher interest rates for the same loan amount.

Credit Card Financing – You can also use your credit card to finance a dirt bike. However, it’s not really recommended because using a credit card can be expensive. Credit card companies charge high-interest rates, sometimes as high as 30% or more. Your credit card company may also charge you a penalty if you pay your credit card bill late.

Dealer Financing – Dealer financing is another option to consider. A dealer may offer you a loan that’s lower than what a bank or credit union would charge you. The catch is that you have to buy the dirt bike from the dealer. This means you can only buy a new dirt bike. Be sure to compare dealer financing with bank financing because dealer financing can be expensive.


Dirt bike financing options can help you get a dirt bike even if you don’t have the money to get one. As you can see, you have several financing options to choose from. If you need help deciding which financing option is best for you, visit a local bank or credit union and get pre-approved for a loan.

Fulfill your motorcycle lover’s dream with the help of Canada Powersports Financing. With the financing options we offer, we give you the power to get moving! Whether you need ATVs, boats, RVs, or dirt bike financing, we’ve got you covered. Apply for a powersports loan today!

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