Motorcycle Loans
Great Values on Street and Off-Road 2-Wheel Financing
Read this before you shop for a vehicle
What is StreetWise?
 The StreetWise Consumer Education Program is our way to provide you unbiased consumer information you need to make informed choices and save money. DCU's Vision is that all members achieve their financial goals. Education is the foundation.
Visit our StreetWise web site for a wealth of information on auto buying, credit, using financial services, privacy protection, fraud prevention, and a financial glossary. The Auto Buyers Guide has tips on dealer tactics and negotiating that can help you in your next motorcycle purchase.
Let us finance all your motorcycles
Hundreds of DCU members finance their motorcycles with DCU instead of dealers or banks every year. Why? Because they know DCU is a not-for-profit financial institution they own. Wouldn't a financial institution you own work harder for you than a for-profit company?
We make loans for buying or refinancing your motorbike more affordable, easier to get, and more flexible than you'll find elsewhere. Here are the main benefits to borrowing for your next one at DCU...
- Borrow for up to 60 months for street bikes, 36 months for off-road – Generally, choosing a longer term will lower your monthly payment. Choosing a shorter term will reduce your interest rate and the total cost of your loan. The maximum length of time depends on the vehicle and your budget.
StreetWise Tip: To minimize the cost of your loan, determine the maximum monthly payment you can comfortably handle and choose the shortest term that gives you that payment.
- Qualified borrowers can finance up to 100% of the purchase price – This is enough to cover taxes, title fees, and more. Most lenders require at least 10% down – some much more.
StreetWise Tip: To minimize the cost of your loan, make as big a down payment as you can comfortably handle. The less you borrow, the lower your total cost.
- Unbeatable rates on used motorcycles – We finance new and used motorcycles at the same rates. We believe you should not be penalized if you prefer used motorbikes. Dealers and most institutions don't agree and will charge you more – some 20% or more.
StreetWise Tip: New motorcycles instantly lose value the minute you drive them off the dealer's lot. If you buy a late model used motorcycle, someone else takes that loss. You'll save a bundle.
Best rates possible with Relationship Checking Electronic Payment
When you have a Relationship Checking relationship and pay electronically for the full term of your loan, your loan rate will be 1/2% below those of other payment methods.
To check rates and estimate your payment
Terms are available up to 60 months for New or Used Street Motorcycles with fixed rates and payments throughout the life of the loan.
StreetWise Tip: If your credit history is not what you would like it to be, visit our StreetWise Guide to Credit and Credit Management. You'll get tips on managing credit and learn about credit scores and how to improve yours.
You May Already Be Approved
Log on to PC Branch from the home page. All you need is your Membership Number and password. Look for a banner near the upper right corner of your Account Balances screen. If you are approved, click on the banner to find out more. You can even accept the offer online. You can also call the Information Center at 508.263.6700 or 800.328.8797 to find out the minimum you may be approved for. Need more? Just ask.
Auto Loan Checks make motorcycle shopping easier
A DCU Auto Loan Check is a check made out to you that's good for up to your approved loan amount. You can use it to purchase a motorcycle at any licensed dealer. Since you will already have financing arranged before you shop, you can focus on negotiating the lowest price you can for the car you want like you are paying with cash in hand. You can use your Auto Loan Check for a new or used motorcycle. Some restrictions may apply, contact DCU for details. You cannot use it for a private sale or to refinance a loan at another institution.
StreetWise Tip: When shopping at a dealership with an Auto Loan Check, tell the dealer you are a cash buyer. Don't let the dealer know you have an Auto Loan Check or for how much you are approved. Agree on a price, a fair trade-in value, and get a signed purchase and sale agreement before you talk financing. If you don't, dealers will work hard to get as much of your approval as they possibly can. That will mean a bigger loan and higher payments for you.
Once you know how much you want to borrow, make sure the blanks on the face of the check are completed as follows:
- Choose a repayment method
- Fill out the vehicle information
- Fill in the loan amount (not to exceed the maximum on the check)
- Endorse the back of the check yourself (both borrower and co-borrower if applicable). Make sure the dealer endorses the back of the check as well, and leave the check with the dealer as payment.We'll establish your loan, according to the amount and term you have specified on the face of the check, when the check clears.
If you've already applied for a loan, just give us a call or email us to request a check. If you haven't applied yet but are interested in buying a motorcycle, log onto PC Branch to see if you're already approved for a DCU motorcycle (look for a message on the Account Balances page). You can accept your loan online and check the box for an Auto Loan Check at the bottom of the acceptance form. You can also stop by any branch. DCU will send you your Auto Loan Check and you'll be ready to shop like a cash buyer in no time.
You Can Choose Your Payment Amount And Due Date.
With DCU's Payment Choice, you can tell us how much and when you'd like to pay each month and we'll do our best to make it work. This option is available on all consumer loans, including auto, RV, boat, PC, personal, and bill consolidation loans. At DCU, we give you the control.
How to Apply
If you have any questions, please speak with a Member Service Representative at your nearest DCU branch or call our Information Center at 508.263.6700 or 800.328.8797, weekdays from 8:00 am to 9:00 pm and Saturdays from 9:00 am to 3:00 pm, Eastern time.
Payment Protection
Ease your loan payments, protect your family, and safeguard your credit rating. Payment Protection offered by Digital Federal Credit Union helps relieve the financial stress and worry related to making loan payments when your life takes an unexpected turn. Learn more about Payment Protection Insurance.
Need insurance on your vehicle?
DCU Insurance offers insurance with the personal service you deserve. So whether you have a Recreational Vehicle or you're buying one, please give us an opportunity to provide you an insurance quote.
Remember that any insurance required as a condition of the extension of credit by the credit union need not be purchased from DCU Financial Insurance Services but may, without affecting the approval of the application for credit, be purchased from an agent or insurance company of the member's choice. Insurance products are not deposits of Digital Federal Credit Union (DCU) and are not protected by the NCUA. They are not an obligation of or guaranteed by the credit union and may be subject to risk. Insurance is offered by DCU Financial Insurance Services, LLC, an affiliate of DCU. Business conducted with DCU Financial Insurance Services, LLC is separate and distinct from any business conducted with the credit union. Any questions or concerns regarding this relationship may be addressed to the Office of Consumer Affairs.
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Digital Federal Credit Union220 Donald Lynch Boulevard PO Box 9130 Marlborough, MA 01752-9130 508.263.6700 • 800.328.8797
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© 2011. Digital Federal Credit Union
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