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What’s the best way to finance an all-terrain vehicle (ATV)?
I don't have enough money to buy an ATV outright, so I'll need a loan. What are my options?
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
“If you’re in the market for an all-terrain vehicle, you have numerous ways to finance an ATV. Just like they offer car loans, some banks and credit unions offer ATV loans, typically with a slightly higher interest rate.
Other lenders may not have this type of loan, instead offering a signature loan for the purchase. Signature loans usually have a much higher interest rate due to the lack of collateral.
As a result, you may want to check with your bank or credit union to see if they offer ATV loans. If they don’t, you should see if the manufacturer of the ATV or the dealer can offer financing.
“
View full answer
- Gregory R.
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