Motorcycle Loan Calculator
See the monthly payment on a motorcycle loan and what the loan costs in total. Change the price, the down payment, the rate or the years and the answer follows.
- Free
- Works offline after your first visit
- Saves on this device
- No sign-up
- Updated
How it works
The amount borrowed is the price minus the down payment. The monthly payment comes from the standard loan formula, using the yearly rate divided by 12 and the years times 12 as the number of payments.
Sales tax, registration, a helmet and gear, and insurance are not in this figure. Add them to the price you enter if the lender finances them.
Worked example
A motorcycle at $14,000.00 with 10% down, financed at 8.5% over 5 years, is $258.51 a month. The loan costs $2,910.50 in interest over its life.
Questions
Is a shorter loan always better?
It costs less interest, but the payment is higher. Try a few lengths here to see how the monthly amount and the total change.
Should I finance gear and insurance too?
Adding them to the loan means paying interest on them. Paying those costs in cash keeps the loan smaller.
Why is the start of the loan mostly interest?
Interest is charged on the balance still owed, which is highest at the start. Each payment then pays down more of the loan.
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