Why finance your motorcycle with PDCU?
Motorcycle loan rates as low as 8.64%¹ APR*
Whether you’re buying your first bike, upgrading to a newer motorcycle, or refinancing your current ride, People Driven Credit Union offers motorcycle financing built around your needs.
- Competitive motorcycle loan rates: Explore financing options with rates as low as 8.09%¹ APR*.
- Flexible loan terms: Choose from available terms ranging from 12 to 180 months, depending on your motorcycle and loan.
- New and used motorcycle financing: Finance an eligible new or pre-owned motorcycle.
- Get pre-approved before you shop: Know your potential financing and budget before visiting a dealership or contacting a seller.
- Save with AutoPay: Receive a 0.25% rate discount when you qualify and set up automatic payments from a PDCU checking or savings account.¹
- Apply online: Start your motorcycle loan application online when it’s convenient for you.
¹Take advantage of a 0.25% discount when you enroll in autopay, already factored into the “as low as” rate. This discount applies to those who set up automatic payments from a People Driven Credit Union checking or savings account.
Get pre-approved before you shop
Motorcycle loan pre-approval can help you understand your budget before you visit a dealership or contact a private seller. With financing lined up ahead of time, you can focus on comparing motorcycles and negotiating the purchase price instead of figuring out financing at the same time.
Getting pre-approved can also make it easier to compare a dealer’s financing offer with your available PDCU loan option before you make a decision.
Want to know more before applying? Learn how motorcycle loan pre-approval works.
Finance a new or used motorcycle
Whether you have your eye on a brand-new bike or found the right pre-owned motorcycle, People Driven Credit Union can help you finance your purchase. Motorcycle loans are available for eligible new and used motorcycles, with rates and terms based on factors such as the motorcycle’s age, value, loan amount, and loan term.
Buying used can help lower the purchase price, while buying new may give you access to the latest technology, features, and manufacturer warranties. Compare your options, calculate your potential payment, and choose the motorcycle that fits your budget and riding plans.
How to apply for a motorcycle loan
Financing your motorcycle with People Driven Credit Union starts with a simple online application. You can apply before you start shopping or after you’ve found the motorcycle you want to buy.
- Apply online. Tell us about yourself and the motorcycle loan you’re looking for.
- Review your loan options. If approved, review your available rate, term, loan amount, and estimated payment.
- Choose your motorcycle. Shop for an eligible new or used motorcycle from a dealership or private seller.
- Provide the purchase details. PDCU may need information about the motorcycle and seller before completing the loan.
- Complete your loan. Finalize the required paperwork and get ready to enjoy your new ride.
Need a more detailed walkthrough? Learn how to finance a motorcycle in Michigan.
Refinance your motorcycle loan
Already financing your motorcycle somewhere else? Refinancing your motorcycle loan with People Driven Credit Union could help you get a different rate, adjust your loan term, or change your monthly payment.
Compare your current motorcycle loan with PDCU’s available rates and terms to see if refinancing makes sense for you. Your available rate and terms will depend on your application and the motorcycle being financed.
Membership at People Driven Credit Union
People Driven Credit Union membership is open to people who live, work, attend school, or worship anywhere in Michigan. You can apply for a motorcycle loan before becoming a member, so you don’t have to complete the membership process before finding out if your loan is approved.
If approved, you’ll establish your PDCU membership by opening a Membership Share Savings Account with a $5 ownership share before your motorcycle loan is completed.
Motorcycle loan rates
Finance your next motorcycle with a competitive rate from People Driven Credit Union. Choose from available loan terms based on the motorcycle, amount financed, and your approved loan.
Loan and financing rates for motor homes, campers, boats, motorcycles, ATVs and snowmobiles. Add 1.00% to applicable rate on loans with collateral that is 11 to 15 years old. PDCU may consider doing a loan with collateral that is older than 15 years (on an exception basis only), in which case 2.00% would be added to applicable rate.
|
Term (Months) |
≤60 |
61-84 |
85-120 |
121-180 |
|
APR* as low as¹ |
8.64% | 9.70% | 10.00% | 10.65% |
|
Rates Effective as of: |
||||
Calculate your monthly motorcycle loan payment
Before choosing a motorcycle, use our motorcycle loan calculator to see how the purchase price, down payment, trade-in value, APR, and loan term could affect your estimated monthly payment.
Try a few different scenarios to find a motorcycle and payment that fit your budget. Remember to consider other ownership costs too, including insurance, registration, riding gear, fuel, maintenance, and repairs.
Want help figuring out your total motorcycle budget? Learn how much motorcycle you can afford.
Motorcycle Loans Calculator Disclosure: This calculator is for educational and planning purposes only. Results are estimates based on the information you enter and do not guarantee loan approval, loan amount, rate, term, payment amount, or financing. Actual terms may vary based on creditworthiness, loan amount, loan term, vehicle age, collateral value, loan-to-value, and membership eligibility. APR = Annual Percentage Rate. Rates are subject to change. The “as low as” rate shown on this page includes a 0.25% autopay discount for eligible borrowers who set up automatic payments from a People Driven Credit Union checking or savings account. Interest begins accruing when the loan is disbursed, including during any approved no-payment period.
Frequently asked questions
Our ¹Special Loan Rate Discount offers a 0.25% APR reduction when you set up automatic payments (AutoPay) for your loan from a People Driven Credit Union checking or savings account. This discount is already included in the “as low as” rate advertised.
To enroll in AutoPay and receive the discount, please call us at 248-263-4100. A representative will assist you in setting up monthly automatic withdrawals from your PDCU account.
Note: The discount is available only for eligible loans with AutoPay set up from a PDCU account. Terms and conditions may apply.
People Driven Credit Union finances a wide range of recreational vehicles, including motorhomes, campers, boats, motorcycles, ATVs, and snowmobiles.
Types of recreational vehicles we finance
Eligible recreational vehicle financing may include motorhomes, fifth-wheel trailers, travel trailers, pop-up campers, motorcycles, boats, WaveRunners, jet skis, ATVs, and snowmobiles. Financing may be available for new purchases, used purchases, and refinances.
What to keep in mind
Loan approval is subject to application, credit, and collateral considerations. Available loan amounts, rates, and terms can vary based on the vehicle and your overall loan request.
Learn more or apply
If you have questions, call 844-700-7328 during business hours.
To check the status of your loan application, contact People Driven Credit Union at 248-263-4100 during business hours or reach out to your assigned loan specialist if you have their contact information. Be ready to verify your identity and share details such as your name, member number, or application number so we can review your application with you.
When you check your status, it is also a good idea to ask whether any additional documents or information are needed to keep your application moving. Review times can vary based on the loan type and the information required, so contacting us directly is the best way to get the most current update on your application.
Yes. People Driven Credit Union offers a Skip A Payment option for eligible loans during qualifying periods. If you qualify, you may be able to skip one loan payment per calendar year for a $35 processing fee.
Who may qualify
To be eligible, you must be a member in good standing, have no prior extensions in the current calendar year, and have the $35 fee available for withdrawal. Some loan types are excluded, including Fresh Start Auto Loans, Lines of Credit, Mortgages, Commercial Loans, and Credit Cards.
How to request it
You can request Skip A Payment through the MyPDCU app, through online banking, or by completing the Authorization Form and submitting it to a branch or mailing it to:
Skip-A-Payment
People Driven Credit Union
24333 Lahser Road
Southfield, MI 48033
Important to know
Finance charges will continue to accrue during the skipped month, and skipping a payment may extend the term of your loan. If you have automatic payments set up through PDCU or another financial institution, you will need to stop those payments for the skipped month and restart them afterward. Your request and fee must be received at least one business day before the payment is due.
Need help?
If you have questions about eligibility or how to request Skip A Payment, call 248-263-4100 or 844-700-7328 during business hours.
PDCU offers options for making your loan payment:
Online Banking (MyPDCU Portal & Mobile App)
Step 1: Log into the MyPDCU Online Portal or the MyPDCU mobile app.
Step 2: Select ‘Transfers.’
Step 3: Choose the account from which you want to transfer funds and the loan you wish to pay.
Debit/Credit Card Payments
Call (248) 263-4100 to make a payment using a debit or credit card.
Auto-Transfer Setup
Set up an automatic transfer from your People Driven account to make regular loan payments. You can also attach this auto-payment to your direct deposit. Call us at (248) 263-4100 or visit any of our five branches for assistance.
Payments from Other Financial Institutions
Set up an auto-payment from another financial institution. We’ll provide you with the necessary form to get started. Call us at (248) 263-4100 or stop by any branch.
Mail a Check
You can mail a check payable to People Driven Credit Union to:
24333 Lahser Rd
Southfield, MI 48033
Pay in Person
Make your loan payment in-person at any People Driven Credit Union branch location.
Need Help? We're Here.
Missing a payment or making a late payment can result in fees and damage to your credit score. If you're having trouble making a loan payment, don't hesitate to contact us. People Driven Credit Union is committed to assisting our members, and there are several ways we can help.
Skip-a-Payment
Eligible members can skip one loan payment on eligible loans per calendar year for a fee. Eligible loans include all except Fresh Start Auto Loans, PD Quick Cash Loans, Lines of Credit, Mortgages, Commercial Loans, and Credit Cards, which are excluded from the Skip-a-Payment program. Learn more about the Skip-a-Payment program.
GreenPath Financial Wellness
We have partnered with GreenPath Financial Wellness to help our members get back on track with their finances and credit. Call GreenPath at 877-337-3399 and let them know you're a PDCU member who would like to make an appointment with a representative.
Learn more about motorcycle loans
How to Finance a Motorcycle in Michigan
Learning how to finance a motorcycle in Michigan starts before you visit a dealership or message a private...Read More
New vs. Used Motorcycle Financing: Which Is Right for You?
Used motorcycle financing can make a bike more affordable upfront, while financing a new motorcycle may give...Read More
Motorcycle Loan Pre-Approval: What It Is and Why It Helps
Motorcycle loan pre-approval can help you understand your potential financing before you fall for a bike that...Read More
How Much Motorcycle Can You Afford?
A motorcycle affordability calculator can help you estimate a monthly loan payment, but affordability...Read More
Disclosures
**Certain limitations may apply. Please consult with a representative for further information. Loans are exclusively available for motorcycles. Membership with the Credit Union is mandatory for loan disbursement. For 30, 60, or 90-day no-payment loans, interest will commence accruing upon loan disbursement and will be spread out over the subsequent monthly payments. Rates could be higher for older motorcycles.
APR may differ based on loan purpose, amount, term, and member’s credit score. A down payment may be required. Other terms and conditions are based on Loan to Value. Subject to credit approval. Conditions and limitations apply. Advertised rates and terms are subject to change without notice. For more information, see disclosures below. (90-day no payment may be limited depending on term).
Rates are higher if older than 10 years. Motorcycles older than 15 years are financed on an exception basis only.
*APR = Annual Percentage Rate: The actual APR and loan term are subject to approval and may be determined upon the borrower’s creditworthiness, the amount borrowed, and the type, value, age, and condition of the collateral offered to secure the loan (when applicable). Rates are effective as of today and are subject to change.
¹Special Loan Rate Discount: Benefit from a .25% reduction when enrolling in our autopay service, which is included in the “as low as” rate advertised. The discount is available to those who setup autopay of their monthly loan payment from a People Driven Credit Union checking or savings account.
