Motorcycle Collateral Loan Services work like this:
Bring in your motorcycle and your clear title. Loans CANNOT be made on bikes that are not paid off. No exceptions.
Our experts will evaluate the current NADA trade-in value of your motorcycle and tell you how much money they will loan you. Your motorcycle and title will remain in our secured location until you have paid off the loan.
Sign the contract and WALK OUT WITH CASH!
Collateral Loans, what are they?
- A collateral loan is also called a secured loan. It is a loan obtained from a creditor, where in exchange, the creditor may sell that which is offered for collateral if the loan is unpaid. A collateral loan is often offered at a lower interest rate than an unsecured loan, because there is a guarantee of repayment should the borrower default on the loan.
- ALL BIKES MUST HAVE CLEAR TITLE. WE CANNOT MAKE LOANS ON BIKES THAT ARE CURRENTLY FINANCED!
- TITLE MUST BE IN THE NAME OF THE PERSON REQUESTING THE LOAN.
- MUST HAVE ID.
If payment of the loan amount or the interest is not received by the loan due date, an extra finance fee will be charged of $10 per day until a payment is received, for up to 10 days.
If a loan is not repaid or extended within 10 days after the loan due date, we will sell the bike to repay the loan.
It's quick, it's easy, use your motorcycle to secure cash for other financial needs!