ATV Loans: What Is the Most Effective Way to Fund an ATV?

What Is the Most Effective Way to Fund an ATV?

ATVs, or all-terrain vehicles, are the ideal mode of transportation. You may go on a fantastic trip through the mountains or a forest with your off-road vehicle.

You may race your pals on an out-of-the-way ATV course or achieve speeds of 60 to 65 mph. Whether you ride a three-wheeler or a four-wheeler, you’ll always have a fantastic time as long as you stay safe.

While you may rent an ATV, many people choose to own one, so it’s ready anytime they want to go on an adventure. Unfortunately, due to the hefty cost of an ATV, not everyone can afford one – at least not if they must pay for it all at once.

How do ATV loans work?

ATV finance operates similarly to RV or auto financing. You may finance an ATV for one to six years and pay monthly payments plus interest to pay off the cost of your ATV. Depending on the sort of ATV financing you pick, the specifics of your loan will vary.

Personal loans, credit cards, and retailer financing are all choices for ATV finance, which we’ll go through below. Additionally, you have the option of asking for a loan through a bank or credit union.

How much do ATVs cost?

ATV loans allow you to finance an ATV and pay it back over months or years. But, before we get into ATV loans, it’s essential to understand how much these leisure vehicles often cost.

You may have done some research previously, but if not, these figures might give you an estimate of how much money you’ll need.

ATV Retail Prices

Here are several ATVs from 2021, along with their retail prices:

  • $1,069.95 for the Apollo Sniper 125cc ATV
  • $1,669.95 Adult Utility ATV TaoTao 250 Rhino Blue
  • $4,979.95 Monster × 550cc ATV Four-Wheeler 4 x 4 Utility ATV
  • $7,299.95 for a 700cc 2 Speed 444 Fully Automatic ATV.
  • UTV Utility Vehicle 750 Crew 44: $12,499.95

As you can see, ATV price is similar to automotive pricing – it’s all over the place. Of course, more prominent, fully equipped ATVs with all the bells and whistles are available. However, fundamental variants with fewer enhancements and less space are also available.

ATVs with greater power and the possibility for faster speeds tend to be more expensive, so consider what you want in an ATV and how much you want to spend carefully.

ATV Financing Options

It makes it bright to browse around for ATV financing after you have a better idea of the sort of ATV you want and your budget.

Here are some of the most popular ATV loan alternatives, along with some information on their benefits and drawbacks, as well as who they’re ideal for.

1- Personal Loans


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

The majority of lenders will offer you up to $35,000 with payback terms ranging from 12 to 60 months. While your creditworthiness determines your APR, you can count on a fixed rate, a set repayment plan, and monthly payment.


  • Individuals with a solid or exceptional credit score might take advantage of attractive rates.
  • You’ll know precisely how much you owe each month and when your ATV will be paid off with a set monthly payment and payback schedule.
  • Your ATV will not be repossessed if you stop making monthly payments since it is unsecured.
  • It’s simple to browse around and compare loans and conditions when you’re on the internet.


  • Your loan may not come with a reasonable interest rate if you have fair or poor credit.
  • Some loans have fees, such as origination or application fees, but many lenders offer no-fee loans.
  • Consumers who want a fixed payment and repayment schedule People with good credit who can qualify for the best interest rates Personal loans are best for:
  • Anyone who wishes to get finance before shopping for an ATV.

2- Credit Cards


Credit cards provide a financing option, albeit they may be more expensive than other choices due to the current average credit card APR of over 17%.

You might be able to utilize a credit card as a free short-term loan because certain credit cards provide 0% APR on purchases for a limited period.


  • If you qualify for a credit card with no interest on purchases, you might pay off your ATV for up to 15 months without paying any interest.
  • Some credit cards have meager introductory rates.
  • Credit cards are simple to find and apply for on the internet.


  • Most credit cards have higher interest rates than a personal loan, except cards that offer 0% APR for a limited period.
  • Even if you obtain a 0% APR for a limited time, your interest rate will return once the promotional period ends.
  • If you don’t have the discipline to pay more than the minimum payment on your credit card, you might end yourself paying off your ATV for a long time.

Using a credit card is ideal for:

  • Anyone who qualifies for a card with a 0% APR on purchases and pays off their ATV during the promotional period
  • Someone who possesses a low-interest credit card
  • People who desire some flexibility in terms of how much they pay each month on their ATV loan

3- Retailer Financing

You may finance your ATV with specific loans or credit cards offered by some businesses. These selections are usually determined by the manufacturer from whence you purchase an ATV and any special offers they may have.


Yamaha, for example, is now providing 0% APR for six months at the time of writing. After your deal expires, your interest rate will reset between 15.99 percent and 23.99 percent.

Polaris also offers a Visa credit card with a 0% APR for six months, 2x points on Polaris and petrol station purchases, and 1x points on all other transactions. However, the interest rate becomes significantly higher once the six months are up.


  • When you apply for financing at an ATV dealership, you can utilize retailer financing.
  • For a short period, you might be able to obtain 0% APR.
  • Some dealers cooperate with various lenders, allowing you to shop around for the best offer.


  • While you may postpone paying interest for a few months, merchant financing usually has high-interest rates.
  • If you rely on a specific form of merchant financing, you may be unable to look for a better offer among various ATV manufacturers.
  • If you finance your ATV through a retailer, the ATV is considered collateral. This implies that if you stop paying payments, it may be repossessed.

Also Read: Yamaha boat financing

Retailer financing is best For: Who Should Use Retailer Finance?

Anyone who wishes to apply for ATV financing while shopping. Anyone unconcerned about their ATV being used as collateral for a loan

If customers utilize retailer financing, they may take advantage of special deals offered by their dealership.

ATV Loans for People with Bad Credit

Is it feasible to purchase an ATV with bad or no credit? Absolutely. These loans have higher interest rates and may need a down payment.

Even if you have a low credit score, you may still receive a merchant’s loan or ATV financing.