Should I lease or should I buy? What kind of bike can I afford?
All questions we answer here, on the bike page.

The decision to lease or to buy is both a financial and personal one. How much payment can you afford, what are my riding habits, how frequently to I trade and do I want to perform significant customization are all great places to start. Generally, leasing is much more affordable but offers less control over the ownership experience. Some modifications are okay but generally if you keep your bike for 10+ years and you customize it, leasing is a bad option. Depending on your credit, you can lease any late model sport bike from Sport Cycle Leasing.

Lease Option

Sales price of the bike…………………. $10,00

Down Payment………………………….$1,500

Lease Interest Rate……………………….…0%

You never own the bike……………….….True

You can be upside down…………………False

Buy Option

Sales price of the bike………………. $10,000

Down Payment………………………...$1,500

“A” Credit Interest Rate…………………..9%

“B” Credit Interest Rate………………….17%

“C” Credit Interest Rate……………..……22%+

Monthly costs of ownership

Monthly Payment A Credit………...……$299

Monthly Payment B Credit………...……$299

Monthly Payment C Credit………...……$299

Monthly costs of ownership

Monthly Payment A Credit………...……$185

Monthly Payment B Credit………...……$225

Monthly Payment C Credit………...……$295

Insurance………………………………….$15

Maintenance………………………………..$0

Warranty Repairs (after 12 months)………..$0

Miles Ridden……..…………….………….$0

Oil Changes……………………………….$0

Gap Insurance……………………………..$0

Insurance…varies by age…………..$200-350

Maintenance………………………………..$25

Warranty Repairs (after 12 months)………..$40

Miles Ridden1000 miles a month X $.10=$100

Oil Changes……………………………….$25

Gap Insurance……………………………..$10

Total cost per month $315 to lease

Leasing offers flexibility, lower monthly payments and no maintenance. Leasing also lets you avoid the difficult and dangerous waters of selling your bike- while allowing you to enjoy a new bike with the same LOW payment for years and years.

Total ownership cost per month $575 to $725 based on credit and age.

Pride of ownership is nice, but at what cost? Over the term of three years, the money you save per month could easily pay for the bike you could have leased in two less years. BUY if you prefer to own a bike for 10 years or more.