ATV Loans

The average price of a new all-terrain-vehicle (ATV) is just under $10K so paying cash for your new off-road vehicle may not be an option. You might have to find an ATV loan in order to finance your purchase. There are many options for financing this type of purchase and it pays to do your research first.

Key tips for when you want an ATV loan:

• Negotiate the price of the vehicle separate from any loan discussions in order to get the best price possible and save more over the life of the loan.
• Know your credit score before applying for ATV financing. If you have good credit you might be able to get a personal loan from a credit union at a great rate. If your credit is not so great you might need to look for a lender that specializes in bad credit.
• Getting pre-approval for financing is an advantage when shopping for an ATV because you will know how much vehicle you can afford and you'll be ready to purchase on the spot once you agree on pricing.
• Try to get a loan that is 48 months or less so you aren't overpaying for the ATV over the life of the loan.

Buying an ATV can bring a lot of fun into your life. There are a lot of different makes and models on the market so it won't be hard to find one that suits your style. Most dealers offer some type of financing but you should explore all of your options before you buy.

Advice on finding the best ATV loan:

While rate is one of the most important things to consider when getting a new ATV loan you also need to find out about the terms and conditions of the loan and make sure you are working with a reputable lender. Don't extend the length of the loan out too far or you will end up paying much more over the life of the loan and your ATV won't be as good of a deal. You also need to determine if you will finance extras like pre-paid maintenance or extended warranties with the loan or pay for those separately. Finance Source can help you find a great ATV loan that's perfect for you regardless of your credit situation.