Skip to content
Fast Title Lenders > How to get a Motorcycle Title Loan

How to get a Motorcycle Title Loan

How to Get a Motorcycle Title Loan

Title loans are a way to borrow money using the equity in your vehicle as collateral. There is a wealth of information on the internet about how to get a car title loan, but not nearly as much on how to get a motorcycle title loan.

Can I get a Title Loan on my Motorcycle?

The first question to ask if you are interested in a motorcycle title loan is can I get a title loan on my motorcycle?

The answer is yes, if certain requirements are met. It is important to note that not all title lenders make loans on motorcycles and borrowers should still make sure they are good candidates for a title loan.

Additionally, not all motorcycles will qualify for a title loan, the same way not all cars qualify. The value of the motorcycle is a factor in the ability to get a title loan (the same as it is with car title loans). Some classic motorcycles are worth more than late models.

Motorcycle Title Loan Requirements

Motorcycle title loans have the same requirements as car title loans. These include:

  1. Motorcycle with Equity
  2. Lien free title
  3. Valid Drivers License
  4. Insurance
  5. Ability to repay the loan

One of the key requirements for any title loan is the value of the vehicle. This includes motorcycles, trucks, RVs, and any and all vehicles used to get a title loan.

The maximum amount you can borrow with most online title loans is 50% of the vehicle value. Knowing the value of your motorcycle before applying will help you prepare for the loan.

Motorcycle Title Loan Requirements
Gather the Documents to meet the Motorcycle Title Loan Requirements.

Process for getting a Motorcycle Title Loan

We recommend preparation as the first step for any title loan for any type of vehicle. Preparation can help save you both time and money in the long run and is worth the effort.

Once preparation is complete the process for getting a title loan with your motorcycle starts with an online application or inquiry. After applying you will usually be contacted by the lender to verify information.

Types of Loans

There are two types if title loans – single payment loans and loans with monthly installments. These loans are very different and you should understand which type are permitted in your state.

Single Payment Loans

Single payment motorcycle title loans have one payment due in full at the end if the loan term. These are usually very short term loans and often for 30 days. The loan amount, plus interest and fees, is due in full all at once.

Make sure you have the ability to repay the loan on or before the due date to avoid late fees and, in the worst case, repossession. In some cases if you cannot make the full payment you can roll over the loan for another term. This is not advisable as the costs can quickly get out of control.

Monthly Installment Loans

Monthly installment loans have payments due each month for a certain amount of time. These are generally easier to repay, since the full loan amount is not due all at once.

Depending on the state and the lender the loan term can be any where from a few months to a few years. Title loans, including motorcycle title loans, are meant to be short term solutions. Making one long term can result in excessive interest costs.

Before committing to any title loan it is important to understand the costs and fees associated with the loan. Typically any loan with a prepayment penalty is not advisable, especially if it is longer than a few months. Having the ability to pay the loan off early, without penalty, is always a good option to have.

Online Motorcycle Title Loans

If you have looked into online title loans you have probably figure out vehicle pictures are a requirement. The requirements are the same for motorcycles, only the pictures may be a bit different.

Make sure to take detailed pictures of the motorcycle exterior to verify the condition. Also, take a picture of the VIN and the license plate. The lender will perform a virtual appraisal and will want to answer the following:

  1. How many miles?
  2. What is the condition?
  3. Has it ever been in an accident?
  4. Has it ever been laid down?
  5. Mechanical – what condition are the tires in?

Repaying the Loan

Motorcycle Title Loan Payment
Find out the Payments method for Motorcycle Title Loans.

After the loan is funded you will need to repay the loan to get your title back. During preparation come up with an amount that results in a payment you can afford. Also make sure the lender accepts a payment method that is convenient.

Having a convenient payment method makes it easier to ensure you make your payments on time. This is especially important for any title loan as a default can result in losing your vehicle.