A moped financed with a loan.

Need A New Moped?

If you are looking for a moped loan, we may be able to help. Get a fast quote on the moped you want in about two minutes with just minimal information. Get money deposited directly into your account so that you can buy that moped as a cash buyer. Ready to get your offer? Get started now.

Fast & Easy Quote

It takes just a few minutes to get your quote on the financing you need to get a moped. It doesn’t matter if you have good or bad credit, you may be able to get an offer from one of the lenders in our network. Ready for your offer? Let’s get to it.


Infographic on getting moped financing with bad credit.

Fast Links: Get A Fast QuoteAbout Your OfferMaking Your Decision

Your Moped Loan Offer

At this point, you might be wondering why you should not just go to the local powersports or motorcycle dealer and get financing from them. Well, there are a lot of reasons to get your offer from the Loan Monkey Website. Here are a few to get you started.

Easier Approval

If you have perfect credit, you would probably get approved at the dealer but if you have a few blemishes, our lenders may be able to get you an approval faster. Most of the lenders in the loan network are used to working with bad credit. This means that you may be able to get an offer even if you have heard no before.

More Choices

The great thing about getting a loan from one of our lenders is that they will put money directly into your account. This effectively makes you a cash buyer and that comes with a lot of advantages.

For starters, the dealer will take your offers more seriously because they do not have to secure financing as well. They know that if they can agree  on a price with you, the deal is done.

In addition, because you are not limited to financing from one individual dealer, you can shop anywhere. You can shop at any dealer that you like and get just what you want. It also allows you to put dealer up against dealer to secure the best price.

Finally, if you have cash, you can look into the used moped market. This can save you 30 to 50 percent off the price of a new moped.

Quicker Application

The quote process is very simple. Just fill out one little form and you can have your offer. It will take you about two minutes. If you like your offer, you can then complete everything online in a matter of minutes. It doesn’t get any easier or quicker than that.

Get Your Offer

By now, you are hopefully ready to get your offer but you might want to find out how it works first. Here is how you get your loan offer.

  • First, you need to fill in the loan form with some basic information. Contact information, income information and of course your banking info so that you can get your money. You will also be asked how much you want to borrow. Most mopeds go for around 3000 dollars new.
  • Next, you submit your form and it goes off to the loan network.
  • If approved, you will receive your single offer for a moped loan. Review it carefully and make sure that you like the terms.
  • Should you agree to the loan terms and accept your money, you will have it in your bank account as soon as the next day. You can then go shopping for your new moped.

Pretty easy, right? Why not scroll back to the top of the page and get your quote started.

Making Your Decision

Once you have your offer, it is not a done deal. You now need to decide whether it is a good offer for your particular situation and if you have any other options.

Good Or Bad Offer?

That is something that you have to decide. How much do you want that moped and is the cost worth getting it now.

Unfortunately, the worse your credit is, the worse your offer will be. High risk loans come with high APR’s. Here is what you should look at.

  • Is the cost too much?
    If the finance charges are too high, you should consider other options or doing without. Take a look at the total cost of the loan which will include all interest and fees if you carry the loan to term. Now compare that to the purchase price. If you are paying 5000 dollars in payments for a 2500 dollar moped, it might be a raw deal.
  • Can you afford the moped payment?
    Hopefully you have a budget written out. If not, get one. Then fill in the new loan payment and see if it throws everything off or if there is room to spare. If things are going to be tight, you need to either cut expenses, add some income or do without the loan. Who wants to be “moped broke”. Luckily, it is easy to make budget cuts. Heck, if you simply stop going out for lunch you can save as much as 200 dollars in a single month.

Alternatives To A Bad Credit Loan

If you have bad credit and you received a loan offer that you just do not care for, you do have some options. Options that you should probably consider. Take a look.

  • Do without the moped.
    This is probably not going to make you happy, but if the moped is not an absolute “must have” it might be best to do without it, for now at least.
  • Improve your credit rating.
    If you did not check your credit before applying for your loan, that could be a huge part of the problem. Pull your credit and see if there are some simple to fix problems. If incorrect information is to blame, disputing it could get your score to a place that will get you a better offer. Otherwise, pay your bills on time, pay your revolving credit card balances down and try again in 6 months.
  • Get a cosigner.
    If you get a cosigner with good credit, you would essentially be piggybacking off of their good credit to get you a moped. It is a big thing to ask of someone, so do so responsibly and refinance the cosigner out of the loan as soon as you can.
  • Shop for a used moped.
    Keep constantly looking at your local Craigslist and you might just find the deal of your lifetime on a used moped. Who knows, there may be a used moped for just 500 dollars out there that you can afford to buy for cash.

A lot to think about, for sure, but no loan should be taken without careful consideration.

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