Motorcycle Loans
If you've been dreaming of buying a motorcycle, the C.A.H.P. Credit Union is the place to go for financing. Our motorcycle loan rates are the same as our low loan rates for autos. We don’t think you’ll find better loan rates for motorcycles than at CAHPCU. And remember, in many ways, the process of buying a motorcycle is similar to the steps you'd follow to buy a car. For most people, both types of vehicles are a major purchase and the CAHPCU is here to help. Plus, for all vehicle purchases funded through CAHPCU for over $10,000, you receive a voucher for a FREE Getaway Weekend at select hotels.
Remember at CAHPCU:
- Terms up to 84 months
- No payments for 90 days1
- Relationship discounts2
- Fast and easy application process
- Refinance loans from other lenders and save
- Apply online any time, stop by, or call either branch to apply
We have also included some helpful information if you want to learn more about the buying process:
Give us a call if you have any questions and we will help you get the answers you need to get a great deal on your next vehicle purchase.
- Loan Calculator [Vehicle, Real Estate, Certificate Secured and Savings Secured]
Call CAHPCU When You Need Financing!
Sometimes special financing rates for specific models may be advertised, but usually certain restrictions apply to qualify. Make sure you do the math; some low interest loans with dealer-incentives may end up costing you less than no-interest loans without those incentives. Before you sign a contract to purchase or finance the motorcycle, consider the terms of the financing and evaluate whether it’s affordable. Before you drive off the lot, be sure to have a copy of the contract both you and the dealer have signed and be sure that all the blanks are filled.
Remember to ask us about MBI or GAP insurance when you are looking at purchasing a new vehicle. Always consider the cost vs. value for you, but we believe CAHPCU offers excellent protection with our MBI and GAP products. To learn more, click here.
Rates:
Rates determined by amount financed, loan term and credit worthiness. Call for changes that may apply since the effective date, or for information on additional loan products.
| New and Used Autos, Trucks, SUVs, and Motorcycles2 |
| Term (Months) |
100% Financing |
90% Financing |
80% Financing |
Minimum Loan Amount |
| 24 |
2.49% to 15.15% |
2.49%to 15.15% |
2.49% to 15.15% |
- |
| 36 |
2.99%.15% |
2.99% to 15.15% |
2.99% to 15.15% |
- |
| 48 |
3.99% to 15.15% |
3.99% to 15.15% |
3.99% to 15.15% |
- |
| 60 |
4.79% to 15.15% |
4.69% to 15.15% |
4.59% to 15.15% |
$10,000 |
| 72 |
5.69% to 15.15% |
5.39% to 15.15% |
5.19% to 15.15% |
$15,000 |
| 84 |
6.09% to 15.15% |
5.69% to 15.15% |
5.39% to 15.15% |
$25,000 |
Documentation You Will Need:
When purchasing a vehicle from a dealer, from a private party or refinancing a vehicle, the Credit Union requires the following documents:
Private Party Purchase
• Copy of Current California Registration
• Current Lien Holder Name, Phone Number and Account Number (if applicable)
• Vehicle must pass California Emissions Test
Refinance
• Copy of Current California Registration
• Current Lien Holder Name, Phone Number and Account Number
Mechanical Breakdown Insurance (MBI)
MBI is designed to help protect you against mechanical failure of major mechanical components of your vehicle. MBI plans also include 24-hour roadside assistance, car rental coverage, and trip interruption.
Buying Tips
Since our membership consists of some of the best bikers around, here are a few hints we’ve picked up.
- The first thing you need to decide is what type of bike you want.
- Think about the riding you plan to do. You can learn more about potential bikes at manufacturer web sites: BMW, Harley Davidson, Honda, Kawasaki, Suzuki, Yamaha, or others.
- Check in with friends and relatives to see if they have preferences and why – either on a brand or even a local dealership.
- Don't overlook the benefits of buying a used motorcycle. Like used cars, used motorcycles can be a real bargain.
- Take the bike out for a test drive. You'll want to check that the seat is comfortable and make sure your feet can reach the ground. A good bike should make it easy for you to stop, speed up, and slow down. Pay extra attention to how the bike handles around corners.
- If you're looking at a used motorcycle, inspect it closely and ask for maintenance records if it’s a private party deal.
- And if you don't already have a motorcycle license, you're going to need one to ride legally. Check out the Motorcycle Safety Foundation (800-446-9227; www.msf-usa.org ) to get more information.
Experience Counts
If you plan on riding the bike primarily as daily transportation,
consider a standard, or traditional, bike.
If you commute long distances or occasionally ride with a passenger,
you may want to check out a cruiser.
But if you intend to log many hours with a passenger behind you,
then consider a touring bike. For a little more performance in a
touring bike, there's a subset called sport/touring.
- Look for rust and scratches on the bodywork, tank and fenders. Inspect the foot pegs for wear: Worn on top means lots of miles, worn on the bottom indicates leaning over too far in corners.
- A cracked or weather-beaten seat and faded, oxidized paint means the bike has seen a hard life.
- Check for new or aftermarket parts that have obviously replaced broken ones. Specifically, check the foot pegs, mirrors, handlebar grips, and brake and clutch levers.
- Inspect the engine and transmission cases for oil seepage, weeping, and leaks.
- The chain should be clean and tight, with about an inch of slack measured halfway between the sprockets on the bottom run. A rusty or grime-caked chain indicates lack of maintenance.
- Brake discs should be smooth, clean and not blue--a sign of dragging/overheating brakes.
- Examine the tires for signs of abuse.
- The bike should start easily and may initially emit a little smoke on a cold startup. If it's hard to start or billows clouds of smoke--especially blue smoke--beware.
Check out the National Auto Dealers Association (NADA) price guide to learn more about the average cost of motorcycles in a specific make, model, or condition. Just remember that the price guide is published on a monthly basis, so figures can change quite frequently.
Fraud 411 Tip: Help Prevent Unfair Practices
The FTC works for the consumer to prevent fraudulent, deceptive and unfair business practices in the marketplace and to provide information to help consumers spot, stop and avoid them. To file a complaint or get free information on consumer issues, visit www.ftc.gov or call toll-free, 1-877-FTC-HELP (1-877-382-4357); TTY: 1-866-653-4261. The FTC enters Internet, telemarketing, identity theft and other fraud-related complaints into Consumer Sentinel, a secure, online database available to hundreds of civil and criminal law enforcement agencies in the U.S. and abroad.
California DMV
1 For 90-Day No Pay, interest begins accruing upon loan disbursal. Some restrictions apply. Optional.
2 All rates are expressed as Annual Percentage Rate (APR). Rates for Vehicle Loans reflect a discount of 0.50% APR. To qualify for the discount, you must have automatic loan payments from a C.A.H.P. Credit Union account, State payroll deduction, or PERS Payroll deduction. Financing may include tax, license, DMV charges, documentation fees and Mechanical Breakdown Insurance. Dealer provided MBI can be financed up to $1000 for RVs only. The Credit Union offers MBI contracts for new and used autos and trucks.
Rates effective 6/11/2009. Rates and terms subject to change without notice.