Moped Finance FAQs
How do I apply for moped finance?
The simplest way to apply for moped finance is to fill out our online form here but if you prefer to do it over the phone, call us and we’ll be happy to help.
How much can I borrow for a moped?
The minimum loan amount for a moped is £1,000 and the maximum is £50,000, although the average price of a moped is well below that. The total amount you can borrow will be assessed on your own circumstances.
Where does the loan come from?
We are independent financial brokers who shop around for the most competitive loan on your behalf. We work with UK lenders across the market, saving you time searching for moped finance and having to fill out multiple applications.
How long does arranging everything take?
As soon as you submit your application we get to work and you should hear from one of the team without delay, typically within the hour. We’ll go over all the details with you and will make the necessary arrangements with the loan company. This can usually all be done in a matter of hours although it may take longer if the loan company asks for additional documentation, and depends on how quickly you can get these to us. From the point of application to final approval and collection takes on average two to four days, so you could be riding your new moped sooner than you think.
How much do you charge in fees?
In some cases, the loan company may charge you a fee but we don’t charge you anything for our services. Any fee we receive for brokering the moped finance package will come direct from the lender.
Do you check my credit score?
Once we receive your application we may run a quick pre-check to help us find the best lender for you, but this will not be recorded in your credit record. All loan companies will carry out their own credit search to assess your application according to their own lending criteria. However, you can still apply for a loan even if you’ve been turned down before, or have a poor credit history.
Will I need to supply any documents?
This can vary depending on the lender, but you will be asked to provide some proof of your income as well as verify your home address. Many loan companies will also ask to see a copy of your moped licence. We’ll talk you through all the documentation you may need once we’ve received your application and hear back from the lender.
How old do I have to be to apply?
To be considered for moped finance, you must be at least 18 at the time you apply.
Do I need a moped licence?
To ride a moped in the UK you must have a licence and certain restrictions may also apply. Some lenders may also impose restrictions of their own. To find out more, you’re welcome to contact us.