Frequently Asked Questions (FAQ)

Is it better to lease or buy a motorcycle?
Can I lease a used motorcycle?
If I lease a motorcycle, can I customize it?
If I lease a bike, can I eventually own it?
Is the interest rate the same on a lease or a loan?
Are there mileage restrictions on a lease?

Is it better to lease or buy a motorcycle?
That depends on how long you want to have the vehicle, how often you want to “trade up”, how much use you expect to have each year, and several other factors. See our “Lease or Buy” section for more information.

Can I lease a used motorcycle?
Yes. SPARTA leases quality used bikes through its authorized dealer network, including Harley Davidsons up to 7 years old, and all other makes up to 5 years old.

If I lease a motorcycle, can I customize it?
Yes. Under the SPARTA Flex Lease program, you can add any bolt on accessories or special paint packages prior to delivery of the bike and we will incorporate the cost into your lease payments. After delivery, any original parts that you replace with custom items during the term of the lease should be retained until lease end. If you turn in the motorcycle, it will need to be returned with the original parts.

If I lease a bike, can I eventually own it?
Yes. You’re not obligated, but at the end of any SPARTA Flex Lease, you can buy the bike for the indicated “residual” amount, which you’ll know at the beginning of the contract. Typically, the “residual” will be about 40%, or more, of the original purchase price of the vehicle, which you weren’t paying during the term of the lease. In many cases, SPARTA will finance the “residual” balance for an extended period of time.

Is the interest rate the same on a lease or a loan?
As a matter of law, there is a difference in how this is described. A loan carries an interest rate, charged to the borrower, and calculated as an “annual percentage rate” (APR). On a lease, there is a “cost of funds”, also known as a “money factor”, charged to the lessee. Although the terms are different, they function similarly. And, whether you lease or purchase through the SPARTA network of authorized dealers, our rates and factors are extremely competitive.

Are there mileage restrictions on a lease?
Yes. On touring bikes or cruisers, the annual allowance is 8,000 miles. On sport bikes, the annual allowance in 6,000 miles. For most riders, these allowances are more than enough. In the event of a significant excess over the annual mileage allowance, there could be a charge of 10 cents per mile for the excess mileage.

Contact us with any other question you might have about leasing or financing your next motorcycle or scooter.