Motorcycle Loans

Power Financial Credit Union is here to get you the best rate possible and we can work with you to improve your credit score so you can get lower rates as time goes on. We offer competitive motorcycle loan rates based on your:
 

• Credit score (higher scores get lower rates)
• Ability to repay
• Down payment
• Term of the loan (shorter terms get lower rates)
• Loan to value (LTV) ratio
• Year of your chosen motorcycle (newer vehicles may get lower rates)

Getting motorcycle loan pre-approval puts you in a strong position to negotiate at the dealership so you can focus more on the motorcycles than the money! Here are a few advantages:
 

• The seller will take you seriously as a buyer.
• You won't have to watch out for hidden fees that sometimes get rolled into the sticker price when you get a motorcycle loan through the dealership.
• You can find out exactly what monthly payment you can afford in advance, so you buy a motorcycle within your budget and can comfortably afford your loan.

Yes, we welcome motorcycle refinancing because we want members of our community to save as much money as possible. Here's what you need to do:
 

• Get pre-approved for a Power Financial Credit Union motorcycle loan and compare the rate we offer you with the rate you're currently paying—and see how much you can save on interest.
• Choose a new loan term to get the payment you want and sign the new loan contract.
• We'll give you the funds to pay off your old motorcycle loan and then you start making payments on your new loan.

We offer GAP Insurance so that you won't have to worry about your motorcycle loan if you get into an accident and write off your vehicle. In those cases, you have enough to worry about without being upside down on your loan! Here's how it works:
 

• Let's say you have a motorcycle loan for $20,000.
• Your insurance company pays you $15,000 after your accident.
• You still owe $5,000 on your loan, which you will need to pay before you can get a new loan to buy another motorcycle—or you could roll that $5,000 into a new loan, but that will put you underwater.
• Fortunately, GAP Insurance will pay that $5,000 so you're free and clear.

Any member of Power Financial Credit Union is welcome to apply for a loan.

Our membership consists of those who: live, work or go to school in Broward, Charlotte, Collier, Lee, Martin, Miami-Dade, Monroe, Palm Beach County, Hillsborough, Manatee, Pinellas, Sarasota or St. Lucie counties.

Immediate family of all current members are also eligible to join.

We are also proud to offer membership to our Select Employee Groups. Employees of Ryder System, Inc. FPL/NextEra Energy, and members and employees of Bonefish & Tarpon Trust, no matter where they are located, are always welcome to join.