Interest Rates and Motorcycle Financing
When getting motorcycle financing don’t concentrate too greatly on the financing rate. Certainly you probably got a insane low loan rate on your car, but do not anticipate the same on your motorcycle or atv financing. A motorcycle is not a car and lenders comprehend this first hand. Theft and poor-payment are considerably greater on a bike then on a car. Thus you will likely have a much higher rate of interest on your bike loan then with an auto financing.
Also crashing a motorcycle is normally a very high risk for the bank since there are many accidents on bikes. Having such devices like Lo Jack or theft protection may help lower your insurance but lenders still do not see these items as beneficial for lowering motorcycle loan rates. As a result you should tell your insurance company about these item but it will not help you with your lender.
One last thing with ATVs if you are using it for farming instead of pleasure you should let the lender know. This may help your case with getting more favorable terms especially a longer loan if you choose one. The interest rate will probably be the same.