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Motorcycle Financing Canada, Promotions and Loans

MARCH 2022 UPDATE

We have scoured the Canadian manufacturer sites to see if there are any good promotions for you. Below is what we found. While there are some exceptions, many of the offers expire March 31. We have attempted to be accurate with what we have found by taking it directly from the company website but always check with the dealer or peruse the specific company website for more information and to confirm the details. When looking at the price of a bike remember there will almost always be addition fees including things like PDI that can add over $1000 on top of the MSRP. If a bike hasn’t changed year over year always look at a non-current if one is available as the MSRP will likely be a few hundred dollars less.

 

APRILIA

There are offers on new concurrent models. To quote them:

The riding season is almost here with financing as low as 0.99% for 72 months plus $750 trade-in credit on MY21 Tuono 660 OR as low as 4.99% for 72 months plus $500 trade-in credit on all other MY21 models. Additionally receive up to $500 First Responders on select MY21 Aprilia models with consumer incentives until March 31st, 2022.

Reduced Rate Financing:

Aprilia MY21 & Prior:

  • 4.99% for 72 months (1) & $500 trade-in credit

+ $500 first responder (3)

Aprilia MY21 Tuono 660:

  • 0.99% for 72 months (2) & $750 trade-in credit

+ $500 first responder (3)

BMW

BMW offers consist primarily of a few accessory credits. However to get the big R18 rolling out the shop door, there is a low interest loan option on that bike. To quote them:

* Offer expires March 31, 2022. Delivery must be taken by March 31, 2022. Offer is subject to availability and may be cancelled or changed without notice. Certain conditions apply. See your local BMW Motorrad Retailer for full details.

¹  EasyRide finance offer of 1.99% APR for 48 months available only through BMW Financial Services Canada on approved credit (OAC). Finance example based on a 2021 R18 with all available Factory Options including First Edition Package ($2,850 MSRP value) at no charge and $2,500 BMW Motorrad Heritage Credit as a cash discount: $21,385.00 financed at 1.99% APR for 48 months equals 104 bi-weekly payments of $115.21 with $0 down payment. Freight & PDI ($1,195), retailer administration fee ($420), lender administration fee ($35), Tire Recycling Fee ($12) and fees associated with PPSA ($80.92), licensing, registration, and applicable taxes are extra and due on signing. Balloon payment due at end of finance term is $10,694.00. Cost of borrowing is $1,291.25. Total obligation is $22,676.25. EasyRide™ is not available in the province of Quebec. Retailers are free to set their own prices.

²  EasyRide finance offer of 1.99% APR for 48 months available only through BMW Financial Services Canada on approved credit (OAC). Finance example based on a 2021 R18 Classic with all available Factory Options including First Edition Package ($2,850 MSRP value) at no charge and $2,500 BMW Motorrad Heritage Credit as a cash discount: $24,085.00 financed at 1.99% APR for 48 months equals 104 bi-weekly payments of $132.26 with $0 down payment. Freight & PDI ($1,195), retailer administration fee ($420), lender administration fee ($35), Tire Recycling Fee ($12) and fees associated with PPSA ($80.92), licensing, registration, and applicable taxes are extra and due on signing. Balloon payment due at end of finance term is $11,774.00. Cost of borrowing is $1,443.89. Total obligation is $25,528.89. EasyRide™ is not available in the province of Quebec. Retailers are free to set their own prices.

DUCATI

Nothing obvious to report.

HARLEY-DAVIDSON

The specifics on 3.99 finance rate on new bikes are slim but there is the fine print to quote:

Financing Offer available only on New Harley-Davidson® motorcycle models financed through Harley-Davidson Financial Services Canada (HDFSC) and is subject to credit approval. Not all applicants will qualify. 3.99% Rate offer is available only to high credit tier customers at HDFSC who also purchase the Harley-Davidson® Extended Service Plan and only for up to an 60 month term. The Rate will vary based on the applicant’s past credit performance and the term of the loan. For example, a new 2022 Harley-Davidson® Iron 883™ model in Black Denim, with an MSRP of $12,499 and optional Harley-Davidson® Extended Service Plan cost of $789 for 36 months, 10% down payment and amount financed of $11,914.20, over 60 months with a 3.99 % Rate resulting in monthly payments of $219.36. In this example, customer is responsible for applicable taxes, title, licensing fees and any other fees or charges at the time of sale. Rate is calculated according to the simple interest method. Not valid in conjunction with other offers. Other terms, conditions, and limitations may apply. Dealer participation may vary. Financing offer is subject to change or cancellation at anytime. See a Harley-Davidson® dealer for details.

HONDA

Honda is offering 3.89% financing on loans exceeding $3000.  Depending on the bike you buy the time period can range from 24 months to 72 months. It’s the big ticket bikes like the Gold Wings that get the 72 months. Said to expire March 31, 2022 but these things tend to get extended. For and example and to quote them:

Offers apply to eligible retail purchase agreements that meet the minimum amount applicable for Honda Financing of $3000, for a limited time, while supplies last. Valid on select new (not previously registered) Honda motorcycle models obtained from participating authorized Honda dealer in Canada between 01/01/2022 – 03/31/2022. ”Savings” values shown are deducted from the manufacturer’s suggested retail price before taxes and can be combined with finance offers. Limited time purchase financing offer provided through Honda Canada Finance Inc., on approved credit. Representative finance example based on a 2022 Rebel 1100 with an amount to be financed of $14,513.50 (includes selling price of $13,199.00, $1,314.50 freight (includes Logistics Surcharge), PDI and levies, lien registration fee [up to $48.00 in certain regions] and lien registering fee $6.50, which are due at time of delivery), with $0 down payment or equivalent trade-in required, financed at 4.9% APR equals $53.71 weekly for 72 months. 312 weekly payments required. Cost of borrowing is $2,244.02 for a total obligation of $16,757.52. Taxes, license, insurance and registration fees [all of which may vary by region] are extra. Dealers may sell for less. Applicable fees may vary by region and dealer. Dealer order/trade may be necessary-but, may not be available in all cases. See a participating authorized Honda dealer for full details, eligible models and other offers. Offers are subject to change, extension or cancellation without notice. Models, colours, features and specifications may not be exactly as shown. Errors and omissions excepted.

HUSQVARNA

Nothing obvious to report.

INDIAN MOTORCYCLES

Details are slim but there appears to be a financing offer on 2021 models. To quote them:

2021 Cruiser, Bagger and Touring Models

Financing As Low As 3.99% for 60 Months 

AND Trade-In Credit Up To $1000

 

Offer Valid: February 1, 2022 – March 31, 2022

KAWASAKI

Kawasaki has the Good Time Financing back fro 2022. To quote them:

4.99% for 60 month* financing is offered on the following models from March 16 to May 31, 2022:

All 2020-2022 Concours, KLX on-road, KLR, Ninja, Versys, Vulcan, W, Z models and Jet Ski

All 2021-2022 KX, KLX off-road motorcycles; Brute Force, KFX ATV; Teryx and MULE

*4.99 for 60: This is a limited time offer which is valid for the purchase of selected qualifying models and is subject to credit approval on qualified purchases financed during this program. Offer may be combined with other offers, is subject to change and may be extended or terminated without further notice. Offer available through TD Bank and valid on new models listed. Minimum Amount to Finance is $2,500. 

4.99% for 84 month* financing is offered on the following models from March 16 to May 31, 2022:

All 2020-2022 Concours, KLX on-road, KLR, Ninja, Versys, Vulcan, W, Z models, and Jet Ski

All 2021-2022 KX, KLX off-road motorcycles; Brute Force, KFX ATV; Teryx and MULE

*4.99 for 84: This is a limited time offer which is valid for the purchase of selected qualifying models and is subject to credit approval on qualified purchases financed during this program. Offer may be combined with other offers, is subject to change and may be extended or terminated without further notice. Offer available through TD Bank and valid on new models listed. Minimum Amount to Finance is $15,000.

KTM

KTM has a very select offer on a very select number of bikes. To quote them:

0% APR* FINANCING FOR 36 MONTHS ON SELECT STREET MODELS

*Terms and Conditions: Rates as low as 0% Annual Percentage Rate (APR) on eligible select model year 2021 KTM street motorcycles. Qualified customers can take advantage of low rates and low monthly payments through TD Auto Finance on the purchase of eligible new unregistered, 2021 KTM 200 DUKE and 390 ADVENTURE motorcycle models made between March 1, 2022, and March 31, 2022. Model and year exclusions apply. All bikes must be registered by March 31, 2022, to qualify. This offer cannot be combined with any other offers. Finance offer valid through authorized Canada KTM Street dealers only. See local authorized dealer for details.

MOTO GUZZI

There are offers on new non-current models. To quote them:

Explore new roads with financing as low as 0.99% for 72 months on select models AND Trade-In credit AND $500 First Responder credit on select MY21 and prior Moto Guzzi models! The promotion is only valid from February 1st, 2022, until March 31st, 2022, on select Moto Guzzi MY21 and prior models and varies based on model range.

V7 Range – MY21 & Prior:

  • 0.99% APR for 72mo1
  • AND $750 Trade-In credit
  • AND $500 First Responders

V85TT Range – MY21 & Prior:

  • 4.99% APR for 72mo1
  • AND $1,000 Trade-In credit
  • AND $500 First Responders

SUZUKI

Suzuki’s promotions only apply to select bikes and rather than end date it is “limited Time”. Interesting the interest rate remains the same over 36, 48, 60 and 72 month periods. To quote them:

• TD FINANCE RATES FROM 5.99% ON TERMS FROM 36 TO 72 MONTHS
• EXTEND YOUR WARRANTY UP TO A TOTAL OF 60 MONTHS WITH SUZUKI PROTECTION PLAN

TRIUMPH

Triumph appears to have some 4.99% financing options but the links and accompanying pages were broken on the Canadian site. Good luck with that.

YAMAHA

Yamaha has bundling offers and loyalty offers and one of those finance with us and maybe win your bike deals but when it actually comes to financing a purchase there are some good rates. To quote them:

SPECIAL RATES

From January 4, 2022 to March 31, 2022
FINANCE AN ELIGIBLE NEW YAMAHA MOTORCYCLES OR SCOOTER WITH YAMAHA FINANCIAL SERVICES AND YOU MAY BE ELIGIBLE FOR PROMOTIONAL RATES. OFFER CAN BE COMBINED WITH YAMAHA’S LOYALTY AND BUNDLING PROGRAMS FOR EXTRA DISCOUNTS.
  • 24 MONTHS AT 1.99% APR^
  • OR
  • 36 MONTHS AT 2.99% APR^
  • OR
  • 48 MONTHS AT 3.99% APR^
  • OR
  • 60 MONTHS AT 4.49% APR^
  • OR
  • 72 MONTHS AT 5.49% APR^
Some conditions apply. See your participating dealer for complete details. ^ OAC. Promotions only qualify for loans above $3,000 processed through Yamaha Financial Services from January 4, 2022 to March 31, 2022. APR: Annual rate as a percentage. Rates subject to change without notice.

 

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