ATV Prices & Expected Maintenance Costs to Know

Q: How much does an ATV cost on average?

ATVs can cost between $2,000 and $17,000, with used ATVs averaging $5,500. ATV prices vary by make and model, engine size, type of ATV, speed options, and added features (like snow plows or winches).

Q: What is the difference between a quad and an ATV?

ATVs and quads are sometimes used interchangeably, but there are differences. An ATV is an all terrain vehicle with three or more wheels. A quad, on the other hand, is an ATV with four wheels. Quads have either two-wheel drive or four-wheel drive.

Q: Are there any financing options available for buying an ATV?

Financing options for buying an ATV include personal loans, credit cards, or dealer financing. It’s best to explore all three options to see where you can get the best rate and terms.

ATV Prices & Expected Maintenance Costs to Know

Jason SteeleUpdated September 2, 2023

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Editor’s note: Lantern by SoFi seeks to provide content that is objective, independent and accurate. Writers are separate from our business operation and do not receive direct compensation from advertisers or partners. Read more about our Editorial Guidelines and How We Make Money.

All-terrain vehicles, or ATVs, can be both fun and a means of transportation. If you enjoy riding ATVs or plan to use them for transportation, you may have thought about buying an ATV. But before buying an ATV, you should understand how much it costs to buy and maintain one. Keep reading to learn the average price of an ATV, how much it costs to maintain an ATV, funding options, and more.

What Is the Average ATV Price?

ATVs can cost between $2,000 and $17,000. ATV prices vary by the company, the engine size, the type of ATV, speed options, and added features (like snow plows or winches). Popular brands for ATVs include Polaris, Yamaha, Can-Am, Honda, Suzuki, and Textron. Prices may vary depending if you want to buy an ATV, a quad, or a four wheeler. ATVs, quads, and four wheelers are sometimes used interchangeably, but there are differences. An ATV is an all terrain vehicle with three or more wheels. A quad is an ATV with four wheels, and they can have either two-wheel drive or four-wheel drive. A four wheeler is a quad with four-wheel drive or all-wheel drive. Used ATVs will typically cost less than new ones, as well. The average price of a used ATV is $5,500, but just like with new ATVs, prices will vary depending on brand, size, added features, and year built.ATVs also come in kids-sizes, which will generally cost less than adult-size ATVs.Recommended: Guide to Getting $15,000 Personal Loans

What Are the Expected Maintenance Costs?

In addition to the purchase price, you should budget for future maintenance costs of the ATV. Maintenance items for an ATV could include oil changes, air filter replacement, tire air pressure adjustment, valve adjustment, brake pad replacement, flushing the cooling system, and changing the spark plugs. Maintenance on an ATV can cost between $40 and $100 (or more) per maintenance trip. These maintenance and repair costs will depend on a variety of factors, such as the terrain that you ride your ATV on, the type of ATV, the age of the ATV, and how hard you ride the ATV.The cost to fill your ATV’s tank with gas will vary depending on the make of the ATV. Standard 4-stroke ATVs can take the normal 87-grade gasoline from the gas station, while 2-stroke quads may need higher grade gas. You will also need safety gear, including a helmet, gloves, boots, and eye protection. It’s also recommended to wear long pants and long sleeves when riding your ATV.If you bought a used ATV, you may need to budget for more frequent repairs and maintenance. You can either service your ATV yourself or take it to a professional. Doing the work yourself typically costs less, but some repairs may be too difficult unless you have experience.

Should You Purchase a Used ATV?

Buying a used ATV can save you money if you are on a budget. Used ATVs that are only a few years old can still cost a few thousand dollars. If you want to save more money, you should look at used ATVs that are more than five or 10 years old. Make sure to test drive the ATV before purchasing it to ensure it is working correctly. If you are looking to save money, you could also look into renting an ATV. Renting an ATV can cost a few hundred dollars for a two hour rental. Safety equipment is typically included in your rental price. Renting an ATV also lets you try out different makes and models. If you decide that you love one particular ATV and are finding yourself renting it frequently, you could then look into buying it. Recommended: 10 Benefits of Obtaining a Personal Loan

Available Funding Options for Purchasing a New ATV

Pay in cash. The most financially responsible way to pay for a new ATV is by saving up money ahead of time. Paying in cash will ensure that you don’t pay interest or negatively impact your credit score. Apply for a personal loan. One financing option is to apply for a personal loan. Personal loans can be used for a variety of purposes, including purchasing an ATV. To get a good interest rate on a personal loan, work to build your credit score and consider using the ATV as collateral. Loans backed by collateral typically come with better rates than unsecured loans.Use a credit card. Another option is to use a credit card to pay for the ATV. If you can qualify for a 0% intro APR credit card, it can give you time to pay off your purchase without accruing interest during an introductory period. If you use a credit card, you should always try to pay your balance in full to avoid earning interest. Use dealer financing. And finally, look into dealer financing if you purchase your ATV from a dealer. They may offer 0% APR loans, which allow you to avoid paying interest on your purchase. To qualify for these loans, you typically need a good credit score and a large down payment.Recommended: Personal Loan vs Auto Loan: Which Is Better?

The Takeaway

ATVs can be a fun way to spend time outside, get a little dirty, and test your boundaries. You can ride ATVs on certain public trails and parks or on private ATV parks and local clubs. They can also be a cost-effective way to get places if you don’t live in a city. ATVs can cost a few thousand dollars to buy, and require regular maintenance. Be sure to understand the full costs before buying an ATV.If you are interested in buying an ATV and are looking for financing options, Lantern by SoFi may be able to help. Lantern lets you compare the top personal loans so that you can find the right one for your needs and qualifications. Lantern can help you compare rates and find loan offers in minutes.

Frequently Asked Questions

How much does an ATV cost on average?

What is the difference between a quad and an ATV?

Are there any financing options available for buying an ATV?

What are some additional expenses to consider when buying an ATV?

Photo credit: iStock/THEPALMER

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About the Author

Jason Steele

Jason Steele has been writing about credit cards and award travel since 2008. One of the nation's leading experts in this field, he has contributed to dozens of personal finance and travel outlets and has been widely quoted in the mainstream media.

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