HOW TANDEM BIKE FINANCING WORKS

Financing a tandem bicycle is straightforward. Here is the process from application to riding.

Step 1: Check Your Rate

Fill out our quick pre-qualification form. This is a soft credit inquiry only — it does not affect your credit score. You receive your estimated rate in minutes.

Step 2: Choose Your Terms

Select the loan amount (up to $20,000) and repayment term (24 to 84 months) that fits your budget. Our finance partners offer competitive rates starting at 6.99% APR for qualified buyers.

Step 3: Complete Your Application

A full application takes about 10 minutes. You will need your Social Security number, income information, and employment details. A hard credit inquiry occurs at this stage.

Step 4: Get Approved and Funded

Upon approval, funds are typically disbursed within 1–3 business days. Use the funds to purchase your tandem from any dealer or private seller.

Step 5: Ride

Pick up your bike and start riding. Make monthly payments directly to your lender.

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Frequently Asked Questions

What credit score do I need?

Our lender network works with a range of credit profiles. Applicants with scores of 640+ typically qualify for competitive rates. We recommend checking your rate regardless.

Can I finance a used tandem?

Yes. Personal loans can be used for new or used tandem purchases from dealers or private sellers.

Is there a prepayment penalty?

Most of our finance partners do not charge prepayment penalties. Verify with your specific lender before signing.

How much can I borrow?

We facilitate financing from $1,000 to $20,000 depending on creditworthiness and lender approval.