ATV Loan Calculator

ATV and UTV loans are secured installment loans where the all-terrain vehicle or utility terrain vehicle serves as collateral. You borrow money to purchase the vehicle and repay it with monthly payments over a set term, typically 24-72 months. The lender holds the title until the loan is fully paid. Interest rates and terms vary based on your credit score, the vehicle's age and value, and whether it's new or used.

Most ATV lenders require a down payment of 10-20% of the purchase price. New ATVs may qualify for lower down payments (10-15%), while used vehicles often require 15-20% or more. A larger down payment reduces your monthly payment, lowers the total interest paid, and may help you secure a better interest rate. Some promotional financing may offer zero down payment options.

ATV loan interest rates typically range from 4% to 15%, depending on your credit score, loan amount, vehicle age, and whether it's new or used. Borrowers with excellent credit (750+) can secure rates as low as 4-6%, while those with fair credit may see rates of 9-12% or higher. New ATVs generally qualify for lower rates than used vehicles, and promotional financing may offer 0% APR.

ATV and UTV loan terms typically range from 24 to 72 months (2 to 6 years), with the most common terms being 36, 48, and 60 months. Longer terms mean lower monthly payments but significantly more interest paid over the life of the loan. Shorter terms have higher monthly payments but lower total costs and faster equity building.

Yes, many lenders finance used ATVs and UTVs, though terms may be less favorable than for new vehicles. Used vehicle loans typically have higher interest rates, shorter maximum loan terms, and may require larger down payments. The vehicle's age, mileage, and condition affect loan approval and terms. Most lenders won't finance ATVs older than 10-15 years.

Most lenders require a minimum credit score of 600-650 for ATV loan approval, though some may work with scores as low as 550 with higher rates and larger down payments. Scores of 700+ typically qualify for competitive rates, while scores above 750 access the best rates available. If your credit is challenged, consider a co-signer or work on improving your score before applying.

Compare both options to get the best deal. ATV dealers often offer promotional financing, especially for new models (like 0% APR for qualified buyers), but may have higher rates for used vehicles or those with lower credit. Banks, credit unions, and online lenders may offer more competitive rates and flexible terms. Getting pre-approved from multiple sources gives you negotiating power.

Beyond your monthly loan payment, budget for insurance ($200-$800+ annually), registration and titling fees, maintenance and repairs (oil changes, tire replacements, belt changes for UTVs), safety gear (helmets, gloves, goggles), trailer costs if needed, and fuel. UTVs generally cost more to maintain than ATVs due to their complexity and larger engines.

Most ATV loans allow early payoff without penalties, but always verify this with your lender before signing the loan agreement. Paying off your loan early saves on interest charges and frees up monthly cash flow. If you receive a bonus, tax refund, or other windfall, applying it to your ATV loan principal can significantly reduce your total interest paid.

Yes, most ATV dealers accept trade-ins, and the trade-in value is applied toward your down payment and purchase price. This reduces the amount you need to finance. To maximize your trade-in value, research your ATV's worth using pricing guides like NADA or Kelley Blue Book, ensure it's clean and well-maintained, and get quotes from multiple dealers.