Bank of America Motorcycle Loan Rates 2025: Refinancing and Credit-Friendly Options for Every Rider
Learn how to qualify for better motorcycle loan rates at Bank of America, even if your credit score isn’t perfect — and ride smarter this year.
Motorcycle ownership in 2025 is more accessible than ever thanks to Bank of America’s motorcycle loan rates.
Whether you’re buying your first bike, upgrading to a new model, or looking to refinance for a lower payment, BoA offers flexible financing programs designed for every type of rider.
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See the Bank of America Motorcycle Loans Overview 🏍️
Bank of America (BoA) continues to lead the market with personalized loan options that combine affordability, speed, and trust.
Riders can finance new or used bikes, refinance existing loans, or even prequalify online without impacting their credit score.
- APR range: 7.29% – 13.99% (depending on credit and term).
- Loan amounts: $5,000 – $100,000.
- Terms: 36 to 72 months.
- No prepayment penalties for early payoff.
- 0.25% APR discount for Preferred Rewards members.
BoA’s focus on online management and digital applications allows you to apply, get approved, and track payments entirely through its website or app.
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Refinancing Motorcycle Loans with Bank of America 🔁
Refinancing your current motorcycle loan through Bank of America can save you money over time.
If you’ve improved your credit score, paid off other debts, or simply want to lower your monthly payments, refinancing is a smart move.
- Lower your APR and reduce total loan cost.
- Adjust your term to lower monthly payments.
- Improve cash flow for other expenses.
- Consolidate multiple vehicle loans under one payment.
Refinancing is often available after 6–12 months of consistent on-time payments, giving you the opportunity to access better rates as your financial situation improves.
Bank of America Motorcycle Loan Rates by Credit Tier 💳
Your credit score determines your eligibility and rate. Here’s how BoA structures estimated APRs across different credit levels:
| Credit Tier | APR | Term | Notes |
| Excellent (750+) | 7.29% – 8.49% | 60–72 months | Eligible for best rates and longer terms |
| Good (700–749) | 8.49% – 10.49% | 60 months | Great approval odds and flexible repayment |
| Fair (650–699) | 10.49% – 12.99% | 48–60 months | May need a slightly higher down payment |
| Poor (600–649) | 13.49% – 15.99% | 36–48 months | Consider a co-signer or refinancing later |
Even with fair credit, BoA remains one of the few major lenders offering competitive rates and refinancing options.
Read How to Apply for a Bank of America Motorcycle Loan 📝
Applying through Bank of America is fast and secure. Here’s what you need to do:
- Visit the BoA Auto Loans portal.
- Choose “Refinance or Purchase Motorcycle.”
- Fill out your loan amount, desired term, and personal info.
- Review your prequalified offers (no impact on credit).
- Submit required documents and await approval.
Once approved, funds are usually sent directly to the dealer or to pay off your existing lender in case of refinancing.
Find the most trusted motorcycle loan company in 2025 and ride your dream bike with confidence and affordable payments.
New vs. Used Motorcycle Loan Rates 🆚
Interest rates differ slightly between new and used motorcycles.
New Motorcycles:
- APRs between 7.29%–9.49%.
- Longer repayment terms.
- Often qualify for manufacturer incentives.
Used Motorcycles:
- APRs between 9.99%–13.99%.
- Shorter terms but smaller total loan balances.
- Ideal for buyers seeking affordability or rebuilding credit.
Choosing between new and used depends on your priorities — lower total cost or longer-term value.
Learn Sample Payment Scenarios 💰
| Loan | APR | Term | Monthly Payment |
| $8,000 | 7.49% | 60 months | $160.34 |
| $8,000 | 9.99% | 60 months | $171.13 |
| $8,000 | 12.49% | 60 months | $182.09 |
Even a small improvement in APR can save you hundreds over the life of your loan — another reason refinancing can be so valuable.
How to Qualify for Better Rates with Average Credit ⚙️
If your credit score falls in the 600–699 range, you can still qualify for a Bank of America motorcycle loan with smart financial planning:
- Make a larger down payment (15–25%) to lower risk for the lender.
- Add a co-signer with good credit to secure better terms.
- Keep your debt-to-income ratio below 40%.
- Apply for prequalification to view potential rates without hurting your score.
- Join the Preferred Rewards Program to automatically reduce your APR.
Following these steps can help you turn an average credit profile into an approved, low-cost motorcycle loan.
Compare Bank of America vs. Credit Union Motorcycle Financing 🏦
When comparing Bank of America to credit unions, both options have their strengths:
| Lender Type | Key Advantage | Typical APR |
| Bank of America | Faster online approval, national reach | 7.29% – 13.99% |
| Credit Unions | Lower rates for loyal members | 6.49% – 12.49% |
| Online Lenders | Quick funding, flexible terms | 8.99% – 20.99% |
BoA’s advantage lies in its accessibility, mobile app management, and consistency across all 50 states.
Why Refinancing Makes Sense in 2025 🔄
With rising interest rate fluctuations in previous years, refinancing your motorcycle loan with Bank of America in 2025 can help stabilize your finances. By refinancing at the right time, you can:
- Reduce total interest payments.
- Extend or shorten your repayment term.
- Free up monthly cash flow.
- Rebuild your credit score through responsible payment history.
Many BoA customers choose refinancing after improving credit or income — turning a high-interest loan into a manageable one.
Have fair credit and dream of owning a motorcycle? Discover the best motorcycle loans for fair credit and get back on the road.
Smarter Motorcycle Financing Starts with Bank of America 🌟
The Bank of America motorcycle loan rates in 2025 are built for all riders — whether you have excellent credit or are working to rebuild it.
With refinancing programs, quick approvals, and loyalty discounts, BoA makes it easier to manage payments and own your dream bike.
For long-term savings, compare rates, apply with prequalification, and refinance when your credit improves. With the right plan, you’ll enjoy financial freedom and the open road ahead.
FAQ ❓
- Does Bank of America refinance motorcycle loans?
- Yes, BoA offers refinancing options to lower interest or monthly payments.
- Yes, BoA offers refinancing options to lower interest or monthly payments.
- Can I get approved with fair credit?
- Yes, BoA approves borrowers with credit scores in the mid-600s range, especially with a down payment or co-signer.
- Yes, BoA approves borrowers with credit scores in the mid-600s range, especially with a down payment or co-signer.
- What’s the lowest APR available in 2025?
- Qualified borrowers can access rates as low as 7.29% APR.
- Qualified borrowers can access rates as low as 7.29% APR.
- Is there a penalty for early loan payoff?
- No, Bank of America does not charge prepayment penalties.
- No, Bank of America does not charge prepayment penalties.
- Are discounts available for existing customers?
- Yes, Preferred Rewards members can save up to 0.25% APR on approved loans.
- Yes, Preferred Rewards members can save up to 0.25% APR on approved loans.
