Bank of America Motorcycle Loan Rates 2025: Affordable Financing for Every Rider

Discover how to apply for the Bank of America motorcycle loan program in 2025 and compare rates to find the best deal for your lifestyle.

If you’re in the market for a new or used motorcycle, Bank of America (BoA) offers competitive loan rates designed to make ownership more affordable.

As one of the largest lenders in the United States, BoA provides flexible financing options, easy online applications, and low APRs that can fit various budgets and credit profiles. 

Planning to buy your next ride? Explore how to get a low used motorcycle loan rate in 2025 and make every mile affordable.

Read the Overview of Bank of America Motorcycle Loans 🏍️

Bank of America extends financing for motorcycles through its auto loan division, offering fixed interest rates, predictable monthly payments, and flexible repayment options.

The program includes both new and used bikes, as well as refinancing for existing motorcycle loans.

• Fixed APRs ranging from 7.29% to 13.99%, depending on credit score and term length.
• Loan amounts starting from $5,000 up to $100,000.
• Loan terms between 36 and 72 months.
• No prepayment penalties for paying off the loan early.
• Online prequalification available without impacting credit score.

Discover how to qualify for bad credit motorcycle loans guaranteed approval!

Current Bank of America Motorcycle Loan Rates 💰

While Bank of America doesn’t list specific motorcycle rates separately, the APRs are typically based on their standard auto loan tiers, adjusted for motorcycle risk profiles.

Your exact rate will depend on your credit score, debt-to-income ratio, loan amount, and vehicle age.

New vs. Used Motorcycle Rates 🆚

When financing through Bank of America, loan rates for new motorcycles tend to be lower than for used ones due to reduced risk and higher collateral value.

New Motorcycles:

• Lower APRs (typically between 7.29%–9.49%).
• Longer available loan terms.
• May qualify for manufacturer discounts.

Used Motorcycles:

• Slightly higher APRs (9.99%–13.99%).
• Shorter loan terms.
• Stricter vehicle condition requirements.

If you’re buying from a dealer, you may qualify for special APR promotions or loyalty discounts through BoA’s dealership partners.

How to Apply for a Bank of America Motorcycle Loan 📝

Applying for a Bank of America motorcycle loan is quick and user-friendly. Follow these steps to get started:

1. Visit the Bank of America Auto Loans portal.
2. Select “Refinance or Purchase a Vehicle” and choose motorcycle as your vehicle type.
3. Enter your loan amount, preferred term, and down payment.
4. Provide personal and financial details (income, employment, etc.).
5. Review prequalification results and finalize your application.

Once approved, funds are typically disbursed directly to the dealership or seller, simplifying the buying process.

Thinking about owning a Kawasaki Ninja? Discover how Kawasaki Ninja financing can help you hit the road without the upfront cost.

Advantages of Financing Through Bank of America 🏦

Choosing Bank of America for your motorcycle loan comes with several benefits that make financing easier and more secure:

• Competitive rates compared to most credit unions and online lenders.
• Trusted national brand with excellent customer service.
• Online account management and mobile access.
• Discounts for BoA account holders or Preferred Rewards members.
• Prequalification available online without affecting your credit score.

If you’re already a BoA customer, you may be eligible for interest rate reductions of up to 0.25% on your loan.

Refinancing Your Existing Motorcycle Loan 🔁

Already have a motorcycle loan? You can refinance through Bank of America to get a lower rate or reduce your monthly payments.

• Lower interest rate after improving your credit.
• Option to shorten or extend the loan term.
• Potential savings on total interest paid.

Refinancing also allows you to consolidate other vehicle loans or add a co-signer to strengthen your application.

Example Loan Calculation 💵

As shown, even small changes in APR can significantly affect your total loan cost, making it worth comparing rates before applying.

Tips for Getting the Best Bank of America Motorcycle Loan Rates 💡

To qualify for the lowest possible APR with Bank of America, consider these strategies:

• Improve your credit score before applying.
• Make a larger down payment to lower your total loan balance.
• Choose a shorter loan term to reduce interest paid over time.
• Enroll in Preferred Rewards for additional rate discounts.
• Avoid financing add-ons like extended warranties through the dealer, which increase loan costs.

Following these tips can save hundreds—or even thousands—over the life of your loan.

Alternatives to Bank of America Motorcycle Loans 🔍

While BoA is a strong choice, it’s wise to compare other financing sources:

• Credit Unions: Often offer lower APRs for members.
• Manufacturer Financing (Harley-Davidson, Honda, etc.): Promotional rates and special discounts.
• Online Lenders: Faster approvals and flexible requirements.
• Personal Loans: Good option for older bikes or private sellers.

Comparing all your options ensures you get the most cost-effective loan available.

Ride Smarter with Bank of America Motorcycle Financing 🏁

In 2025, Bank of America motorcycle loan rates remain some of the most competitive among major U.S. lenders.

With transparent terms, fast approvals, and rate discounts for existing customers, BoA makes financing a motorcycle simple and affordable.

Whether you’re buying new, used, or refinancing, the key to saving money is comparing rates, improving credit, and choosing a loan that fits your financial goals.

FAQ ❓

1. What are the current Bank of America motorcycle loan rates?
   • Rates typically range from 7.29% to 13.99%, depending on credit and loan term.
     
2. Does Bank of America finance used motorcycles?
   • Yes. Used bikes qualify for financing, though rates are usually slightly higher.
     
3. Can I refinance my motorcycle loan with Bank of America?
   • Absolutely. Refinancing can lower your APR or reduce your monthly payment.
     
4. Is there a penalty for early repayment?
   • No. Bank of America does not charge prepayment penalties for paying off loans early.
     
5. Do I need to be a Bank of America customer to apply?
   • No, but existing customers may receive rate discounts or Preferred Rewards benefits.