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Car finance ›
Self-employed motorbike finance
Being self-employed can make it tricky to get motorbike finance, but that’s where we could help. Find out more about self-employed motorbike finance.
Self-employed motorbike finance
Being self-employed can make it tricky to get motorbike finance, but that’s where we could help. Find out more about self-employed motorbike finance.
What is self-employed motorbike finance?
Getting finance for a motorbike when you’re self-employed is much like if you were in a regular job. The only difference is that being self-employed might make it difficult to get approved. Some lenders may not accept self-employed people because their income can be less consistent than those with full-time jobs. That’s where we could help.
With motorbike finance, the lender pays the dealership for you. You’ll have full use of the bike and will be responsible for things like tax, insurance, and maintenance. You’ll make fixed monthly payments for an agreed period, and once you’ve made the final payment, you become the bike’s legal owner.
Who is eligible for motorbike finance when self-employed?
We’re proud to accept applications from self-employed people looking for a motorbike loan. When you get a quote, we’ll ask for some personal details to understand your situation.
If you’re approved, we’ll show you how much you could borrow and your personal APR, so you can find your dream bike. An expert from our team will help you to submit any extra documents needed to confirm your self-employed income.
What is self-employed motorbike finance?
Getting finance for a motorbike when you’re self-employed is much like if you were in a regular job. The only difference is that being self-employed might make it difficult to get approved. Some lenders may not accept self-employed people because their income can be less consistent than those with full-time jobs. That’s where we could help.
With motorbike finance, the lender pays the dealership for you. You’ll have full use of the bike and will be responsible for things like tax, insurance, and maintenance. You’ll make fixed monthly payments for an agreed period, and once you’ve made the final payment, you become the bike’s legal owner.
Who is eligible for motorbike finance when self-employed?
We’re proud to accept applications from self-employed people looking for a motorbike loan. When you get a quote, we’ll ask for some personal details to understand your situation.
If you’re approved, we’ll show you how much you could borrow and your personal APR, so you can find your dream bike. An expert from our team will help you to submit any extra documents needed to confirm your self-employed income.
To get motorbike finance when self-employed, you’ll need:
- Monthly earnings over £1,300 (before tax)
- To be aged between 20 and 75
- A valid A1, A2 or A UK motorbike licence or a valid CBT certificate
- Tax returns or CIS vouchers
- 2 consecutive months of payslips (this applies to contractors only)
We can finance motorbikes that meet our lending criteria:
- Priced between £3,600 and £15,000
- Minimum engine size of 125cc
- Up to 30,000 miles on the clock
- The motorbike must not be older than 25 years old at the end of the agreement
- Must be road-legal and not an import
To get motorbike finance when self-employed, you’ll need:
- Monthly earnings over £1,300 (before tax)
- To be aged between 20 and 75
- A valid A1, A2 or A UK motorbike licence or a valid CBT certificate
- Tax returns or CIS vouchers
- 2 consecutive months of payslips (this applies to contractors only)
We can finance motorbikes that meet our lending criteria:
- Priced between £3,600 and £15,000
- Minimum engine size of 125cc
- Up to 30,000 miles on the clock
- The motorbike must not be older than 25 years old at the end of the agreement
- Must be road-legal and not an import
How to apply for motorbike finance when self-employed
How to apply for motorbike finance when self-employed
Get an online quote in under 5 minutes. We use a soft check at the point of application, which won’t impact your credit score and provides an instant decision.
If you’re approved, our team of experts will help you find your dream motorbike. They’ll help you find motorbikes from reputable dealerships and discuss your options.
We’ll help you with providing any paperwork and signing your agreement. Once your agreement is finalised, we’ll pay the dealership and you can collect your new bike!
Get an online quote in under 5 minutes. We use a soft check at the point of application, which won’t impact your credit score and provides an instant decision.
If you’re approved, our team of experts will help you find your dream motorbike. They’ll help you find motorbikes from reputable dealerships and discuss your options.
We’ll help you with providing any paperwork and signing your agreement. Once your agreement is finalised, we’ll pay the dealership and you can collect your new bike!
Can I get bike finance if I’m self-employed with bad credit?
Having bad credit while being self-employed can make it harder to get motorbike finance, but it doesn’t make it impossible. Specialist lenders like Moneybarn can help self-employed people finance the motorbike they need to get around.
We have over 30 years experience helping people onto a better road ahead, and could help you get motorbike finance with bad credit. Even if you’ve been refused finance before, we might be able to help you get onto the motorcycle you’ve been looking for.
We could help even if you:
- Have missed or been late with payments before
- Have been refused by other lenders
- Are in or have had an IVA
- Have a CCJ (County Court Judgment)
- Have little or no credit history
- Have been in a DRO or DMP
- Have defaulted on credit in the past
- Declared bankruptcy over 6 years ago
As one of the UK’s leading lenders of specialist finance, we can help you even if you’re self-employed and have poor credit. Getting a quote takes less than 5 minutes, and we do a soft search when you apply, which won’t impact your credit score.
We only do a hard search when you’ve chosen the motorbike you want and it’s time to sign the contracts.
You can use our motorbike finance calculator to get an idea of what your agreement might look like if you have fair, poor, or bad credit. It’s also important to understand what APR means so you know how it affects your agreement.
Can I get bike finance if I’m self-employed with bad credit?
Having bad credit while being self-employed can make it harder to get motorbike finance, but it doesn’t make it impossible. Specialist lenders like Moneybarn can help self-employed people finance the motorbike they need to get around.
We have over 30 years experience helping people onto a better road ahead, and could help you get motorbike finance with bad credit. Even if you’ve been refused finance before, we might be able to help you get onto the motorcycle you’ve been looking for.
We could help even if you:
- Have missed or been late with payments before
- Have been refused by other lenders
- Are in or have had an IVA
- Have a CCJ (County Court Judgment)
- Have little or no credit history
- Have been in a DRO or DMP
- Have defaulted on credit in the past
- Declared bankruptcy over 6 years ago
As one of the UK’s leading lenders of specialist finance, we can help you even if you’re self-employed and have poor credit. Getting a quote takes less than 5 minutes, and we do a soft search when you apply, which won’t impact your credit score.
We only do a hard search when you’ve chosen the motorbike you want and it’s time to sign the contracts.
You can use our motorbike finance calculator to get an idea of what your agreement might look like if you have fair, poor, or bad credit. It’s also important to understand what APR means so you know how it affects your agreement.
Join thousands of monthly customers like Paul
I’ve had 2 motorbikes financed by Moneybarn. They were the only ones who would trust me with a loan, so there was no doubt that I would go back to them for a second time – Paul.
Join thousands of monthly customers like Paul
I’ve had 2 motorbikes financed by Moneybarn. They were the only ones who would trust me with a loan, so there was no doubt that I would go back to them for a second time – Paul.
How does motorcycle finance work for self-employed people?
How does motorcycle finance work for self-employed people?
There are different types of motorbike finance available, like Hire Purchase (HP), Personal Contract Purchase (PCP), and Conditional Sale (CS).
We offer CS finance. The key difference between CS and other finance types is that with CS, you’ll legally own the bike after the final payment. There is no option to purchase fee or balloon payment needed.
If you’re self-employed, you might need to provide extra documents when you apply for finance, no matter which type you choose.
Our team of experts would be happy to discuss your options and find the best agreement for you. They can also guide you through the application process if you’re self-employed.
Get a quote online in less than 5 minutes and see how we could help you.
There are different types of motorbike finance available, like Hire Purchase (HP), Personal Contract Purchase (PCP), and Conditional Sale (CS).
We offer CS finance. The key difference between CS and other finance types is that with CS, you’ll legally own the bike after the final payment. There is no option to purchase fee or balloon payment needed.
If you’re self-employed, you might need to provide extra documents when you apply for finance, no matter which type you choose.
Our team of experts would be happy to discuss your options and find the best agreement for you. They can also guide you through the application process if you’re self-employed.
Get a quote online in less than 5 minutes and see how we could help you.
Why choose Moneybarn?
Great customer service
We support thousands of people up and down the country each month, even if they’ve been refused elsewhere. Our customers rate us as Excellent on Trustpilot.
Award-winning finance
We continue to win industry awards for our approach to responsible lending, including ‘Vehicle Finance Provider of the Year’ and ‘Sub-Prime Lender of the Year’ for 2023.
Leading specialist lender
As one of the UK's leading lenders for bad credit, we accept people let down by mainstream lenders, with over 30 years of experience helping people onto a better road ahead.
Why choose Moneybarn?
Great customer service
We support thousands of people up and down the country each month, even if they’ve been refused elsewhere. Our customers rate us as Excellent on Trustpilot.
Award-winning finance
We continue to win industry awards for our approach to responsible lending, including ‘Vehicle Finance Provider of the Year’ and ‘Sub-Prime Lender of the Year’ for 2023.
Leading specialist lender
As one of the UK’s leading lenders for bad credit, we accept people let down by mainstream lenders, with over 30 years of experience helping people onto a better road ahead.
Useful motorbike buying guides
Useful motorbike buying guides
Buying a motorbike
Getting a new motorbike can be an exciting time. There are a number of questions you should ask yourself first.
Is a motorbike cheaper?
We compared one of the UK’s favourite cars with one of the best commuter bikes to see which is cheaper to run.
Motorbike types
With so many types of motorbikes available, it’s important to know which one is right for you.
Motorbike brands
We’ve listed the most popular brands and their pros and cons, to help you make an informed decision.
Buying a motorbike
Getting a new motorbike can be an exciting time. There are a number of questions you should ask yourself first.
Is a motorbike cheaper?
We compared one of the UK’s favourite cars with one of the best commuter bikes to see which is cheaper to run.
Motorbike types
With so many types of motorbikes available, it’s important to know which one is right for you.
Motorbike brands
We’ve listed the most popular brands and their pros and cons, to help you make an informed decision.
FAQs for financing a motorbike when self-employed
What documents do I need to provide if I’m self-employed?
If you’re self-employed, you may be asked for documents to verify your income. These may include tax returns, CIS vouchers, or payslips as appropriate.
When you’re ready, get a free quote in less than 5 minutes and see if we could help you. If you’re approved, one of our friendly experts will help you to provide the necessary documents and guide you through the process.
What type of motorcycle licence do I need?
To finance a motorbike, you’ll need a valid A1, A2 or A UK motorbike licence. If you don’t have a full motorbike licence, we’ll need a copy of your CBT certificate and provisional licence.
What’s the difference between motorbike finance and a motorbike loan?
You might have heard the terms ‘motorbike finance’ and ‘motorbike loan’ used interchangeably. While they are very similar, there’s a small difference.
A loan is money you borrow from a bank or building society to use as you wish. You could use a loan to buy a bike, and if you have anything spare, you could use the money to cover other things like motorcycle insurance. Then, you’ll pay back the loan plus interest by monthly payments.
In a motorbike finance agreement, the lender pays the dealership for you. You don’t get the money directly, but you don’t pay the dealership either. Instead, you make monthly payments to the lender until you’ve paid off what you borrowed, plus interest.
Some people might call their motorbike finance agreement a ‘motorbike loan’, but it’s handy to know the difference between the two.
Why is it more difficult to get motorbike finance when I’m self-employed?
Owning a motorbike can give you the freedom to travel, commute, and enjoy the roads. But getting approved when you’re self-employed can be tough.
That’s because lenders need to ensure any finance deal is suitable and affordable for you. Full-time employees usually have a steady salary or wage. But if you’re self-employed, your income might vary from month to month and be less consistent.
We believe that being self-employed shouldn’t stop you from getting your dream bike. Get a quote in less than 5 minutes and see if we can help you.
Can I finance a motorbike if I’m a delivery driver or courier?
Unfortunately we don’t accept people looking to finance a motorbike for use as a courier or delivery driver.
How long can you finance a motorbike for when you’re self-employed?
Our motorbike finance agreements range from 36 months to 60 months (3 years to 5 years).
If you’re approved when getting a quote, we’ll show you how much you could borrow, for how long, and your personal APR. A member of our team will be in touch to help find the right agreement length for you.
What deposit do I need?
It is possible to get motorbike finance without a deposit, subject to affordability checks. If you have very bad credit, we may need a £400 deposit. If this is the case, a friendly expert will help you understand how that works and find the right agreement for you.
What types of motorbike can I finance?
We can help you finance a range of motorbikes, as long as they meet our lending criteria.
If you already know which bike you want to finance, once you’ve made sure it meets our criteria, get a quote and see if we can help you.
If you aren’t sure yet, don’t worry! Our friendly experts can help you search for the right bike for your needs. Or, take a look at our guide on how to choose the right type of motorbike.
How much can I borrow to buy a bike?
Our finance agreements help you borrow between £3,600 and £15,000 (subject to affordability checks).
FAQs for financing a motorbike when self-employed
What documents do I need to provide if I’m self-employed?
If you’re self-employed, you may be asked for documents to verify your income. These may include tax returns, CIS vouchers, or payslips as appropriate.
When you’re ready, get a free quote in less than 5 minutes and see if we could help you. If you’re approved, one of our friendly experts will help you to provide the necessary documents and guide you through the process.
What type of motorcycle licence do I need?
To finance a motorbike, you’ll need a valid A1, A2 or A UK motorbike licence. If you don’t have a full motorbike licence, we’ll need a copy of your CBT certificate and provisional licence.
What’s the difference between motorbike finance and a motorbike loan?
You might have heard the terms ‘motorbike finance’ and ‘motorbike loan’ used interchangeably. While they are very similar, there’s a small difference.
A loan is money you borrow from a bank or building society to use as you wish. You could use a loan to buy a bike, and if you have anything spare, you could use the money to cover other things like motorcycle insurance. Then, you’ll pay back the loan plus interest by monthly payments.
In a motorbike finance agreement, the lender pays the dealership for you. You don’t get the money directly, but you don’t pay the dealership either. Instead, you make monthly payments to the lender until you’ve paid off what you borrowed, plus interest.
Some people might call their motorbike finance agreement a ‘motorbike loan’, but it’s handy to know the difference between the two.
Why is it more difficult to get motorbike finance when I’m self-employed?
Owning a motorbike can give you the freedom to travel, commute, and enjoy the roads. But getting approved when you’re self-employed can be tough.
That’s because lenders need to ensure any finance deal is suitable and affordable for you. Full-time employees usually have a steady salary or wage. But if you’re self-employed, your income might vary from month to month and be less consistent.
We believe that being self-employed shouldn’t stop you from getting your dream bike. Get a quote in less than 5 minutes and see if we can help you.
Can I finance a motorbike if I’m a delivery driver or courier?
Unfortunately we don’t accept people looking to finance a motorbike for use as a courier or delivery driver.
How long can you finance a motorbike for when you’re self-employed?
Our motorbike finance agreements range from 36 months to 60 months (3 years to 5 years).
If you’re approved when getting a quote, we’ll show you how much you could borrow, for how long, and your personal APR. A member of our team will be in touch to help find the right agreement length for you.
What deposit do I need?
It is possible to get motorbike finance without a deposit, subject to affordability checks. If you have very bad credit, we may need a £400 deposit. If this is the case, a friendly expert will help you understand how that works and find the right agreement for you.
What types of motorbike can I finance?
We can help you finance a range of motorbikes, as long as they meet our lending criteria.
If you already know which bike you want to finance, once you’ve made sure it meets our criteria, get a quote and see if we can help you.
If you aren’t sure yet, don’t worry! Our friendly experts can help you search for the right bike for your needs. Or, take a look at our guide on how to choose the right type of motorbike.
How much can I borrow to buy a bike?
Our finance agreements help you borrow between £3,600 and £15,000 (subject to affordability checks).
Motorcycle finance explained
Our guide explains how motorbike finance works and the different types available, so you can choose the option that’s right for you.
125cc finance
If you’re looking to finance your first bike, we could help. Click the button below to find out more about financing a 125cc bike.
Bad credit motorbike finance
We specialise in helping those with bad credit get the motorcycle they need. Find out more about how we could help.
For a better road ahead
Moneybarn is a member of the Finance and Leasing Association, the official trade organisation of the motor finance industry. The FLA promotes best practice in the motor finance industry for lending and leasing to consumers and businesses.
Moneybarn is the trading style of Moneybarn No. 1 Limited, a company registered in England and Wales with company number 04496573, and Moneybarn Limited, a company registered in England and Wales with company number 02766324. The registered address for these companies is: Athena House, Bedford Road, Petersfield, Hampshire, GU32 3LJ.
Moneybarn’s VAT registration number is 180 5559 52.
Moneybarn Limited is authorised and regulated by the Financial Conduct Authority (Financial Services reference No. 702781)
Moneybarn No. 1 Limited is authorised and regulated by the Financial Conduct Authority (Financial Services reference No. 702780)
