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Here Are the Ways You Can Efficiently Finance an ATV

Jun 7, 2022 | Car Loans

ATVs, or all-terrain vehicles, are the ultimate means of transportation for a variety of people. It can be used for work, personal use, and more. You can take your off-road vehicle on a tour through the woods or into the mountains. On an off-road ATV track, you may reach speeds of up to 65 mph and compete against your friends. You’ll have a terrific time whether you ride a three- or four-wheeler as long as you stay safe.

While ATVs may be rented, many people prefer to own their own to ensure they are always ready for an adventure. Unfortunately, ATVs are expensive, and not everyone can buy them all at once.

Read on to discover all the ways you can finance an ATV and find the option that suits you best.

Understanding the Financing of an ATV

ATV finance is similar to RV or automobile financing. You may finance an ATV for one to six years with reasonable monthly payments and interest. The type of ATV financing you select will determine the terms of your loan.

Personal loans, credit cards, and store finance are all choices for ATV financing. You can also apply for a loan through a bank or credit union.

Options for Financing an ATV

Once you’ve decided on the type of ATV you want and your budget, it’s time to look for ATV financing. The following are the main ATV loan options, their related benefits and downsides, and who they are best suited for.

Option 1: Personal Loans

Personal loans are unquestionably the most popular ATV financing option due to their flexibility and low-interest rates.


  • Attractive prices for folks with excellent or good credit.
  • You will always know how much you owe and when it will be paid off if your monthly payment and repayment plan are fixed.
  • Your ATV will not be repossessed if you stop making monthly payments on it.
  • Online, you may quickly and easily compare interest rates and credit terms.


  • Your personal loan may be uncompetitive if you have fair or poor credit.
  • Some loans have fees attached to them, such as origination or application fees, although many lenders do not.

Personal loans are best for people who want a predetermined payment and repayment schedule, those with good credit can get the best interest rates, as well as anyone interested in obtaining financing before purchasing an ATV.

Option 2: Credit Cards

Credit cards are a reasonable financing option, but their current APR of more than 17% may make them more expensive than other options. Some credit cards provide 0% APR on purchases for a limited time, so you might use one as a no-interest short-term loan.


  • You may have up to 15 months to pay off your ATV if you qualify for a no-interest credit card.
  • Certain credit cards provide promotional rates.
  • Online credit card applications are simple to complete.


  • Except for cards that provide 0% APR for a limited time, the bulk of credit cards has higher interest rates than personal loans.
  • Even if you qualify for a 0% APR for a limited time, your rate will reset at the end of that period.
  • Credit cards only require a minimum payment, so if you do not pay more, you may be paying off your ATV for an extended period of time.

Credit cards are best for whoever qualifies for a 0% APR card and pays off their ATV during the promotional time will receive a 0 percent APR card, someone who has a credit card with a low APR, as well as those who want some payment flexibility on their ATV loan on a monthly basis

Option 3: Retailer Financing

Certain retailers provide customized ATV loans or credit cards. These possibilities are typically defined by the manufacturer’s current marketing strategy. Yamaha, for example, is now offering 0% APR for six months. When your bargain expires, your interest rate will be reset to between 15.99 and 23.99 percent.

Polaris also has a Visa credit card with a 0% APR for six months, two times the amount of Polaris and gas station points, and one point per dollar spent on all other expenditures. The interest rate is dramatically raised after six months.


  • Retailer financing is straightforward to use at an ATV dealership.
  • For a limited period, you can get a 0% APR.
  • Certain dealers have ties with a variety of lenders, allowing you to shop around.


  • While a few months of interest-free financing seems appealing, store financing has significant interest rates.
  • You may be unable to search around for a better offer if you rely on retailer financing.
  • If you finance your ATV through a shop, it is considered collateral. If you do not make your payments on time, your vehicle may be repossessed.

Retailers’ financing is best for people who want to go shopping and apply for ATV financing, those who are willing to have their ATV used as collateral for a loan, as well as individuals who are eligible for special dealer deals via retailer financing

Understanding ATV Loans for People with Bad Credit

You may wonder if it could ever be feasible to buy an ATV with bad or no credit. The short answer is: Absolutely. However, these loans may simply come with a fee. A merchant can supply you with a personal loan or ATV finance even if you have bad credit.


Now that you are presented with these financing options for your dream ATV, it’s time to dig in and do more research. Remember to compare loan choices and study the fine print before borrowing money. This will help you determine which option suits your lifestyle best.

So, no, you do not have to save up the entire purchase price in order to get an ATV loan. Even if you get an ATV loan quickly, you may simply opt to have to make monthly payments for a certain period of time. As a result, before signing, make sure you understand how your loan works.

Are you looking for bad credit ATV loans in Canada? Get Approved Canada is here to help you get the best financing deals you can get your hands on. Give us a call today to learn more!

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