Powersports Vehicle Financing in Parker, AZ

No one will argue that powersports vehicles are somewhat expensive. It’s important when you’re thinking about getting an ATV, UTV, or motorcycle that you thoroughly consider financing options. Obtaining a powersports loan can help you get the vehicle you want at an affordable price that won’t break the bank. Here’s what you need to know.
 

What Is Financing? 

Financing is the process of obtaining a loan from a lender (such as a dealer’s financing department, a bank, or a credit union) that will fund the purchase of whatever it is you want; in this case, the loan is designed to fund the purchase of powersports vehicles. Typically, you’ll need to put up 10% to 20% of the sticker cost of a powersports vehicle, with the loan covering the other 80% to 90% of the purchase. You’ll make monthly payments on the loan, which will usually accrue some interest over the length of the payback period (which may be months or, more often, years).
 

Developing a Budget

When considering the use of financing for your powersports vehicle, you’ll need to sit down with your budget and determine just how much you can afford to put towards a down payment. You should also analyze how high of a monthly payment you can afford; the higher the payment each month, the less time it will take you to pay your loan back (which also means you’ll accrue less interest). Make sure you’ve also got space in your budget for maintenance, storage, and accessories for riding your powersports vehicle safely.
 

Know Your Interest Rates

Powersports loans will typically come with an interest rate, and you don’t want it to be too high or you’ll end up paying much more than the vehicle is ultimately worth. You should analyze the interest rates on any loans you’re considering to make sure they fit into your budget and that they are suitable for your needs. 

Speak to the powersports financing department here at Anderson Powersports Parker to learn about our various options. We can assist you with ATV financing, UTV financing, and motorcycle financing options and help you quickly find a loan you qualify for. Come see us at our location in Parker, AZ, to check out our wide array of new and used powersports vehicles for sale. Anderson Powersports Parker is proud to serve our customers in greater Phoenix, AZ, and the city of Blythe, CA.

Apply Today

Our knowledgeable finance staff is here to make the process of purchasing a new motorcycle or other powersports vehicle easy, so don't put off your dreams. To get a quote, apply now. Our staff will contact you about our available financing options.