Powersport Loans and ATV Financing

LendingTree helps you shop for your best ATV financing rate with powersports loan offers you can compare 

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Want to buy an ATV, UTV, Jet Ski, or Snowmobile? We can help.

ATV financing doesn’t have to be a challenge — LendingTree makes it easy to find a powersports loan that fits your needs. Compare rates and terms from multiple lenders for new or used all-terrain, utility-terrain or other powersports vehicles.

Benefits of using LendingTree to find your loan include:

  • Comparison shopping to get your best rate on your loan
  • Flexible terms to fit your lifestyle
  • Loan options for those with less-than-perfect credit

ATV financing: How does it work?

ATV financing works much like financing a car — you could borrow money directly from banks, credit unions and other lenders, or you could arrange financing through a powersports dealer. Unlike an auto loan, lenders typically view ATVs, UTVs or other types of powersports vehicles as luxury items, not necessities like a car. This means qualifying for ATV loans may be more difficult than qualifying for an auto loan. The good news is, because an ATV or UTV is usually less expensive than a car, you have more choices for UTV financing and other types of powersports loans. We break down your options in a later section.

How to qualify for a powersports loan?

Like applying for an auto loan, you’ll need to show proof of income and your credit will need to be pulled. While the minimum credit score will vary by lender, the higher your score, the better interest rate you’ll receive. Your credit can be an especially important factor in powersports loans.

If you’re not sure what your credit score is, you can get your free credit score here, and then move forward with applying for your loan. If your credit isn’t where you want it to be, don’t worry. There are lenders that offer powersports loans for those with bad credit.

Estimate payments on powersport loans

Powersport and ATV loan calculator

You could check and see what your powersports or ATV payment plan would be before you apply for financing by using the loan calculator here.

How to apply for ATV financing

Whether you know the exact powersports vehicle you want to purchase or you’re shopping around, getting preapproved will make the shopping and purchasing process easier and quicker. Fill out a form on LendingTree to get possible loan amounts as well as rates and terms from up to five lenders, depending on your creditworthiness.

To get preapproved, you’ll need the following items:

  • Social Security number
  • Powersport make and year (it’s OK if you’re still shopping for a vehicle)
  • Estimated purchase price
TIP: When calculating your estimated purchase price, make sure to include equipment you may need such as a helmet, gloves and other protective gear, as well as sales tax and registration fees.

What type of powersports financing is right for you?

  • A powersports loan from a bank

    Banks tend to have great name recognition, 24/7 customer service and versatile mobile apps. However, some banks may not offer powersports or ATV loans, and those that do may not have the best available rates.

  • ATV financing through a credit union

    Credit unions tend to offer lower loan rates than banks. Some have minimal requirements for membership, such as Consumers Credit Union, which only requires a one-time donation of $5.

  • Borrowing from an online lender

    LightStream, the online lending arm of Truist, had the lowest average closed loan rate for powersports borrowers who applied through the LendingTree platform in 2020. But some online lenders offering unsecured personal loans may have higher rates than what you could get elsewhere.

  • ATV, Jet Ski and snowmobile loans from the manufacturer

    Powersports manufacturers, such as Honda, Polaris and Yamaha, may offer financing for the powersports vehicle you want. Depending on the model and when you’re looking to buy, the manufacturer may also offer a rebate as a financing incentive. You may need good to excellent credit to qualify for rebates or low-APR financing.

  • Powersport financing through the dealership

    Most dealers will help you find financing with a lender such as a bank, credit union or manufacturer. But they typically are not themselves lenders. So-called “buy-here, pay-here” dealers may charge high prices and high APRs. If one of the traditional loans we’ve already mentioned isn’t a good fit for you, consider using a credit card, ideally paired with a hefty down payment, or paying cash.

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