Compare loans for Harley-Davidson motorcycles

Find a loan to finance your next Harley.

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Heart set on buying a Harley? Buying one of these iconic bikes can be a considerable investment with models costing anywhere from $7,000 to over $50,000. Luckily, there are several loans specifically designed for purchasing a Harley-Davidson and it’s worth exploring finance brokers that offer these specific loan packages.

LoanConnect Car Loans

  • Min. Loan Amount: $500
  • Max. Loan Amount: $50,000
  • Interest Rate: 1.90% to 46.96%
  • Loan Term: 6-60 months
  • Pre-approval in as quick as 60 seconds
  • Quick and simple financing
  • Safe and secure loans
  • All provinces

LoanConnect Car Loans

Get access to 25+ lenders through Loan Connect's brokerage, and receive pre-approval in as fast as 5 minutes, and financing up to $50,000 in as little as 24 hours from the time of your application.

  • Min. Loan Amount: $500
  • Max. Loan Amount: $50,000
  • Interest Rate: 1.90% to 46.96%
  • Loan Term: 6-60 months
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How much do Harley-Davidson motorcycles cost?

A new Harley can cost anywhere from $7,000 to $50,000+, depending on the type. It can cost even more if you want to customize it.

Used Harleys tend to be cheaper, but you’ll want to do your quality checks to make sure it’s in good condition and well-maintained.

How can I finance a Harley-Davidson?

Although standard car loans work similar to motorcycle loans, some lenders consider motorcycles riskier investments and will be unwilling to issue loans for your Harley-Davidson. You have a few different options when looking to purchase your new Harley.

  • Harley-Davidson financial services. Harley-Davidson offers financing to buy a bike along with parts and accessories. You can apply online or at an official Harley-Davidson dealer.
  • Personal loans. Many personal loan providers offer loans of up to $50,000 and allow you to use your funds for any legitimate purpose, including buying a new motorcycle.
  • Recreational vehicle loans. Some online lenders, banks and credit unions also offer financing for recreational vehicles, including motorcycles.
  • Your bank. Your bank may offer motorcycle loans, but the eligibility criteria tend to be much higher than if you chose to go through an online lender or a finance broker.

Compare loans to buy a Harley-Davidson

Name Product Min. Loan Amount Interest Rate Fees Loan Term Min. Credit Score Link
LoanConnect Car Loans
$500
1.90% to 46.96%
Varies by lender, loan type and province
6-60 months
550
Go to site
More Info
Get access to 25+ lenders through Loan Connect's brokerage, and receive pre-approval in as fast as 5 minutes, and financing up to $50,000 in as little as 24 hours from the time of your application.
CarsFast Car Loans
$500
4.90% to 29.90%
Varies by lender, loan type and province
12 months - 8 years
N/A
Go to site
More Info
Browse thousands of vehicles from dealers across Canada and get matched with financing that meets your needs. Apply online to purchase a new or used vehicle and get the vehicle delivered to your door.
Auto Arriba Car Loans
$3,500
8.99% to 29.50%
Contract fee of $499.00
6-84 months
N/A
Go to site
More Info
Auto Arriba offers car loans starting at $3,500 up to $100,000, with as little as a 30 minute loan turnaround time. On a limited number of approved loans, Auto Arriba is currently offering a rebate of the amount of your first scheduled payment 30 days after it has been processed up to a maximum of $500.
Carloans411 Car Loans
$500
1.9% to 19.99%
Varies
Up to 84 months
300
Check eligibility
More Info
Get connected with suitable lenders through CarLoans411. Finance your next car, van or truck with loans available in amounts from $500 to $35,000. Check eligibility for this loan through LoanConnect.
Fairstone Secured Personal Loan
$5,000
19.99% to 23.99%
Varies by province
3-10 years
560
Go to site
More Info
Fairstone offers secured personal loans up to $35,000.
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Representative example: Anton buys a Harley

Anton, a B.C. resident, has his eye on a 2020 Harley Davidson Softail Deluxe priced at $25,000.00. After making a 15% down payment of $3,750.00, Anton applies for dealership financing to cover the rest of the cost of the bike. Thanks to his solid credit history, he is approved for a loan to cover the outstanding amount plus 12% GST/PST ($21,250.00 + $3,000.00). Along with the cost of his loan, Anton also pays approximately $50.00 to register his motorcycle with the ICBC (Insurance Corporation of British Columbia).

Cost of new vehicle$21,250.00 total purchase price ($25,000.00 less $3,750.00 down payment)
Loan typeAuto loan (term loan)
Loan amount$24,250.00
Interest rate (APR)5.90%
Loan term6 years
Additional fees4.00% origination fee ($970.00)
$0.00 application fee (waived by dealership)
Payment $400.75 monthly or $184.76 biweekly
Total loan cost$28,854.00 with monthly payments or $28,822.56 with biweekly payments

*The information in this example, including rates, fees and terms, is provided as a representative transaction. The actual cost of the product may vary depending on the retailer, the product specs and other factors.

How should I compare my Harley-Davidson loan options?

You’ll need to consider multiple factors when finding a loan to finance your Harley. Knowing how much you can afford, how you want to make your monthly payments and the fees attached to borrowing will help you narrow down your search.

Whether you’re borrowing directly from Harley-Davidson or choosing a loan from a bank, review the interest rates and terms. How much will the loan cost? Will you be able to tackle the payment plan? Will you be able to afford the maintenance that a motorcycle requires? These questions should factor into your decision.

Like all loans, make sure you find a deal that doesn’t hurt your finances. The best way to do this is to do a side-by-side comparison of interest and fees. Once you’ve found the right loan, contact the lender and see if you qualify.

Looking at a used Harley?

You can use a personal loan if you want to purchase a used motorcycle. Here are some specific tips to keep in mind if you want to buy a preowned bike:

  • Go to motorcycle rallies where you can test ride different models to see which one suits you. Some of the more popular events include:
    • The Wharf Rat Rally in Digby, Nova Scotia
    • The Motorcycle Shows (aptly named) that tour across Canada
    • The Toronto Motorcycle Show (not part of The Motorcycle Shows mentioned above), which is a great place to check out newest releases and yearly model lineups from top motorcycle manufacturers. It’s also a great place to ask technical questions and look over gear and accessories.

    You can contact a Harley-Davidson dealership to arrange a test ride or even rent a bike for a little while to try out its features. Harley-Davidson also hosts special events across Canada throughout the year for members of the H.O.G. (Harley Owners Group), a brand-managed club which you have to pay to be a member of.

  • Read other bikers’ reviews to get an idea of which features to look for and which features you should avoid
  • If you’re an inexperienced rider, you might want to look for a bike with a smaller frame because they handle quick turns and short stops more easily. A bigger bike will take more skills to handle in unexpected driving conditions.
  • Run a VIN check on any motorcycles you’re thinking of buying. It’s crucial to understand the bike’s history in terms of maintenance, accidents and ownership so that you won’t get stuck with a bike that has hidden defects or multiple claims of ownership.VIN checks are offered by a number of companies, including CARFAX. Also, the Insurance Bureau of Canada (IBC) offers a free VIN check service specifically to verify whether a vehicle has been reported as flood-damaged and non-repairable by IBC member insurance companies.

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What should I consider before I buy a Harley?

Here are some of the things to consider when shopping for your Harley.

  • Secured or unsecured. If you’re considering a used Harley, some secured loans won’t accept a bike older than a certain number of years.
  • The condition of the bike. If you’re buying from an individual, make sure you’re getting what was advertised. Make an appointment to inspect the bike for sale, and if you’re a novice, take along someone with some knowledge about Harley-Davidsons. Ask to see service records and guarantees for parts that need to be replaced before the bike is sold.
  • Insurance. Whether new or used, a Harley-Davidson is an investment that should be covered with insurance. If your lender doesn’t offer insurance, ask about your options at a Harley-Davidson dealership. You can also look into independent motorcycle insurance policies.
  • Riding experience. If you’ve never ridden a motorcycle, it might be a good idea to start with something smaller. Take lessons and get some experience riding a bike before making a serious investment.
  • License restrictions. Your drivers license doesn’t qualify you to drive a motorcycle. You’ll need to apply for a motorcycle license before you take your Harley out for a ride. Make sure you never ride without a valid motorcycle license.
  • Maintenance. Your Harley-Davidson will need to be serviced regularly. This is especially true of used models. Keep in mind the cost of maintenance when determining your budget.

Frequently asked questions

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